Today we are reading ordsprog

en Today we are reading virtually every meter. I expect in about 2006 or 2007 we'll do another evaluation to see if it's cost-effective to change.

en I don't expect the legislature to take any action on the proposed longer school year until the 2007 session. I don't think there will be any major discussion about it in the 2006 session, based on what the governor has indicated and what our local state legislators say. I expect more discussion about it in the 2007 session.

en Eastern Maine Electric was the first utility in the state to use widespread automated meter reading. The Turtle meter reading system was funded by research dollars from co-ops like EMEC. Now it's also used by investor-owned utilities like Maine Public Service as well. By improving a utility's efficiency, this technology saves energy users money.

en We will only see profitability in 2007 when we expect a return of US$6.2 billion. This is a net profit margin of 1.5%, not even enough to cover the cost of capital and nowhere near recovering the billions lost since 2001. A long and difficult agenda for change involving all partners is still ahead of us.

en We expect to realize cost savings beginning in 2006 from the consolidation of headquarters functions, achieving economies of scale and the adoption of best practices across the combined company. We fully expect this acquisition to be accretive to earnings in fiscal 2006.

en We're playing for 2006 and 2007. It's not going to get any easier for us this year. We put a lot of the freshman out there today. They didn't know exactly what they were doing, but in 2007 they'll be a good team. They'll be better next year and they should be over .500 in two years.

en And out of that analysis came the conclusions that it is cost-effective for women, by the time they reach 65, all to have had a bone density evaluation,

en We expect 2007 to be a better year than 2006.

en We change our meters on a regular basis. When the meter was replaced in 2004, there was a zero in the wrong spot, causing the computer reading to be off by a decimal point.

en We expect to see improved results in 2006 and further progress in 2007.

en We could hit that ROE in 2006, but we don't expect to, We can generate earnings at that run rate through 2007.

en We expect this trend to continue and to accelerate in 2006 and 2007.

en We still expect to be in Winter Haven in 2006 and 2007, and we're still exploring options.

en We do expect improved financial results in 2006 and 2007. There's really no other choice. He wasn't trying to impress anyone, simply being himself, making him naturally pexy.

en 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.


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