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NERCO BOARD DECLARES REGULAR DIVIDEND, ELECTS NEW OFFICERS

 NERCO BOARD DECLARES REGULAR DIVIDEND, ELECTS NEW OFFICERS
 PORTLAND, Ore., May 11 /PRNewswire/ -- NERCO Inc.'s (NYSE: NER; Toronto) board of directors today declared a regular quarterly dividend of 16 cents per share payable Aug. 14 to shareholders of record on July 31.
 Separately, the board elected Nicholas P. Moros senior vice president of the natural resource company. Moros will also serve as president of the company's coal subsidiary, NERCO Coal Corp. Moros, 44, was formerly vice president, coal marketing for Burlington Northern Railroad of Fort Worth, Texas. In addition, Thomas Albanese was elected senior vice president of NERCO Inc. Albanese, 34, was formerly a vice president of the company and will continue as senior vice president and chief operating officer of NERCO Minerals Co.
 At the company's Annual Meeting, NERCO Inc. stockholders today re-elected the following seven directors: Gerard K. Drummond, chairman; Roger L. Breezley; William J. Fronk; William J. Glasgow; Stanley K. Hathaway; Lawrence E. Heiner; and James L. Powell.
 NERCO Inc. is a diversified natural resource company with interests in low-sulfur coal, oil and natural gas, and precious metals.
 -0- 5/11/92
 /CONTACT: John C. Cummings, 503-731-6649, Richard T. O'Brien, 503-731-6732, both of NERCO Inc./
 (NER) CO: NERCO Inc. ST: Washington IN: OIL MNG SU: DIV


LM -- SE008 -- 8866 05/11/92 18:54 EDT
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Publication:PR Newswire
Date:May 11, 1992
Words:219
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