UniSource Energy Declares Dividend, Elects Directors at 2007 Annual Shareholder Meeting.TUCSON, Ariz. -- Fourth graph, first sentence of release should read: Strong customer growth continues at both TEP TEP Tucson Electric Power TEP Tomographie par Emission de Positons (French: Nuclear medicine imaging) TEP Technical Evaluation Panel TEP The English Patient (movie) TEP Transportation Enhancement Program and UES, Pignatelli said, and the company will invest more than $1.5 billion in capital improvements over the next five years to help meet customers' growing energy needs (sted Strong customer growth continues at both TEP and UES, Pignatelli said, and the company will invest more than $1.5 million in capital improvements over the next five years to help meet customers' growing energy needs). The corrected release reads: UNISOURCE ENERGY DECLARES DIVIDEND, ELECTS DIRECTORS AT 2007 ANNUAL SHAREHOLDER MEETING The board of directors of UniSource Energy Corp. (NYSE NYSE See: New York Stock Exchange : UNS) declared a dividend today of 22.5 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. of common stock. The dividend will be paid June 15, 2007, to common shareholders of record as of May 23, 2007. James S. Pignatelli, Chairman, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of UniSource Energy, discussed the company's performance and outlook during today's annual shareholders meeting in Tucson, Ariz. Pignatelli discussed plans to formally request an increase in rates charged by Tucson Electric Power Tucson Electric Power (TEP) is an electric utility company serving southern Arizona in the United States. It is a subsidiary of the UniSource Energy Corporation. Tucson Electric Park, a baseball stadium on Tucson's south side, is named for TEP. (TEP), UniSource Energy's principal subsidiary. He also updated shareholders on pending rate cases involving UNS Gas and UNS Electric, operating subsidiaries of UniSource Energy Services (UES). Strong customer growth continues at both TEP and UES, Pignatelli said, and the company will invest more than $1.5 billion in capital improvements over the next five years to help meet customers' growing energy needs. The company also will maintain its strong commitment to community service, he said. During the meeting, UniSource Energy shareholders approved the selection of PricewaterhouseCoopers, LLP as the company's independent auditor for 2007. Shareholders also voted to extend the service of UniSource Energy's current board of directors, including: * James S. Pignatelli * Lawrence J. Aldrich, President, Aldrich Capital Company * Barbara M. Baumann, President and Owner, Cross Creek Energy Corp. * Larry W. Bickle, Executive in Residence, Haddington Ventures, L.L.C. * Elizabeth T. Bilby, Former President, Gourmet Products Inc. * Harold W. Burlingame, Former Executive Vice President, AT&T * John L. Carter, Former Executive Vice President and CFO See Chief Financial Officer. , Burr-Brown Corp. * Robert A. Elliott, President and Owner, The Elliott Accounting Group * Daniel W. L. Fessler, Professor Emeritus, University of California The University of California has a combined student body of more than 191,000 students, over 1,340,000 living alumni, and a combined systemwide and campus endowment of just over $7.3 billion (8th largest in the United States). * Kenneth Handy, Retired CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. , Former Financial Executive with Kaiser Permanente Medical Care Program * Warren Y. Jobe, Former Senior Vice President, Southern Company * Joaquin Ruiz, Dean, College of Science, Professor of Geosciences, University of Arizona (body, education) University of Arizona - The University was founded in 1885 as a Land Grant institution with a three-fold mission of teaching, research and public service. UniSource Energy's primary subsidiaries include Tucson Electric Power, which serves more than 394,000 customers in southern Arizona; UniSource Energy Services, provider of natural gas and electric service for nearly 240,000 customers in northern and southern Arizona; and Millennium Energy Holdings, parent company of UniSource Energy's unregulated energy businesses. For more information about UniSource Energy and its subsidiaries, visit uns.com. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion