Berlin

Drilling products manufactured by two Pennsylvania companies, Center Rock Inc. of Berlin in southwestern Pennsylvania and Schramm Inc. of West Chester, near Philadelphia, were instrumental in the rescue Wednesday of 33 Chilean miners trapped for more two months in an underground mine.

Drilling products manufactured by two Pennsylvania companies, Center Rock Inc. of Berlin in southwestern Pennsylvania and Schramm Inc. of West Chester, near Philadelphia, were instrumental in the rescue Wednesday of 33 Chilean miners trapped for more two months in an underground mine.

German and American government officials viewed as positive the House passage of a health care bill, speaking Monday in Berlin at the opening of the second German American Energy Conference. In keeping with the meeting’s theme of seeking expanded markets for renewables and energy efficiency, officials said they see signs of the health care logjam being freed as conducive to having new national U.S. energy legislation later this year.

German and American government officials viewed as positive the House passage of a health care bill, speaking Monday in Berlin at the opening of the second German American Energy Conference. In keeping with the meeting’s theme of seeking expanded markets for renewables and energy efficiency, officials said they see signs of the health care logjam being freed as conducive to having new national U.S. energy legislation later this year.

Due to the charges associated with exiting two of its four competitive energy business lines (see NGI, March 14), Berlin, CT-based Northeast Utilities (NU) on Thursday reported a loss of $117.7 million, or $0.91 per share, in the first quarter of 2005, compared with net income of $67.4 million, or $0.53 per share, in the same period of 2004.

Due to the charges associated with exiting two of its four competitive energy business lines (see Daily GPI, March 10), Berlin, CT-based Northeast Utilities (NU) on Thursday reported a loss of $117.7 million, or $0.91 per share, in the first quarter of 2005, compared with net income of $67.4 million, or $0.53 per share, in the same period of 2004.

Citing a change in accounting for some contracts, Berlin, CT-based Northeast Utilities (NU) announced that it will restate its second and third quarter 2004 financial statements and is lowering its previous 2004 earnings guidance.

Berlin, CT-based Yankee Gas broke ground Thursday on a new $108 million 1.2 Bcf LNG peak shaving facility at the company’s Eagle Street work center in Waterbury, CT’s south end. The plant, which recently received construction approval from the Connecticut Department of Utility Control, is expected to be in service for the 2007/2008 heating season.

Citing a change in accounting for some contracts, Berlin, CT-based Northeast Utilities (NU) announced that it will restate its second and third quarter 2004 financial statements and is lowering its previous 2004 earnings guidance.