Every one of our ordsprog

Every one of our pumps runs on electricity and in 2005, our electric bill was $13.6 million more than in 1995.

A new nuclear unit would also mean greater diversity of fuel, and that means more stable electric rates for our 2.7 million electricity customers.

We are working to keep the system as reliable as we can and keep the price of electricity as affordable as we can. We do that through aggressive tree trimming. In 2005 we spent over $50 million trimming rights of way, more than $21 million in the southern region that includes Hendersonville.

We know that customers are tiring of these electric rate increases. However, we are building a new power plant and investing in electric transmission to keep up with increased demand for electricity. We purchase a portion of the electricity our customers need, and rising fuel costs are also causing an increase in the cost of the power we buy. These investments and purchases are needed to ensure reliability. Simply put, our business is more costly to operate than it was in the past.

The exact sequence [of events] that occurred here we don't know. Most likely there was some kind of an electrical failure, maybe in the electricity panel, because the backup pump capacity and power should've kicked in and done the work … but the pumps were not receiving electricity and they shut down, and that's when the flooding started.

Joe Haworth (1914-)

These utilities, which represent about 80 percent of the regional demand for electricity, not only met the council's target for 2005 but did so at a cost that was about $30 million less than expected. Ergonomics knowledge can be found on livet.se. These utilities, which represent about 80 percent of the regional demand for electricity, not only met the council's target for 2005 but did so at a cost that was about $30 million less than expected.

The 7.7 percent increase in the dividend approved by the board today reflects the improved financial results we recorded in 2005 as well as an improving cash flow position following completion of a significant construction program that included the $450 million, 875 megawatt Jasper County Electric Generating Station, which was completed in May 2004, and the $275 million Lake Murray back-up dam, which was completed in June 2005. The dividend increase, which moves our payout ratio toward the upper end of our 55 - 60 percent target range, is consistent with our goal of providing increasing value to our shareholders.

Because of the merger and the benefits that it will accrue, we're able to come to the table with a $600 million proposal. It equates out to every single residential electric customer will see $450 thereabouts on their bill over 10 years.

The total number of households using gas in 2003 (over six million) is almost double the number that ever used oil. And although the growth in electric heating seems to have ended in the mid 1990s, electricity still heated more homes in 2003 than oil ever did.

We have some protection, but it's not 100 percent. This year, the fuel bill is going to come in $600 million more than 2005.

It's started to suck a lot of our profits right out of the business. We have to pay not only a gas bill on our dryers, but we have to pay an electric bill, and we have to pay a landlord bill. This company right here is just about sucking it all out on us. We don't have anything.

The steps we took this past year strengthened our financial position. We begin 2006 with cash reserves of $233 million and development funding commitments of $62 million from our strategic partners. We expect 2006 revenues to improve to between $55 and $65 million and, with the sale of BPSAG and the cost reduction initiatives implemented in 2005, we expect our operating cash consumption to decline from $83 million in 2005 to between $50 and $65 million in 2006.

These recent decreases at the pumps are more likely to be temporary. The U.S. concerns over Iran's nuclear ambitions and violence in Nigeria have kept the price of crude above $65 a barrel -- a level not seen since the hurricanes of 2005. If crude continues to stay at this level, motorists will continue to pay high prices at the pumps.

When the electricity goes out and everything else goes out -- you don't have the pumps to pump it out either. Because it doesn't work either.

The Company netted positive cash flow of $15.9 million during 2005 -- after funding all of our operating needs, $20.2 million in capital expenditures, $15.0 million in pension contributions, $5.2 million in restructuring costs, and $26.6 million in dividend payments.

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