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Washington Electric members approve landfill gas generation project

Sun, 08/01/2004 - 8:00pm -- tim

By an overwhelming margin, the member/ratepayers of Washington Electric Cooperative have given their approval to the construction of a generating facility at the states largest landfill in Coventry. The project, which will be a very significant, long-term source of stable and affordably priced power for the Co-ops members, received a certificate of public good from the Vermont Public Service board. The board then immediately called for a special membership meeting and vote, as such projects also need member approval according to Vermont law.

GMP Announces Quarterly Dividend

Sat, 07/31/2004 - 8:00pm -- tim

Directors of Green Mountain Power Corporation (NYSE:GMP) announced a quarterly cash dividend of $0.22 per share on the utility's common stock, payable September 30, 2004 to holders of record at the close of business on September 15, 2004. The indicated annual dividend rate is $0.88. Green Mountain Power Corporation is a Vermont-based energy services company serving 89,000 electric customers.

Loan approval completes financing for North End

Sat, 07/31/2004 - 8:00pm -- tim

The final piece of financing for the long-awaited North Street revitalization project in Burlington's Old North End has been approved by the State Infrastructure Bank (SIB) board of directors. A $304,531 SIB loan to the City of Burlington completes a state, federal, and local financing package for the $6.6 million revitalization project, and project construction has begun. The North End revitalization project has been in the active planning stages since 1998.

Union Bankshares announces second quarter earnings

Sat, 07/31/2004 - 8:00pm -- tim

Union Bankshares, Inc (AMEX-UNB) has announced that net income for the quarter ended June 30, 2004 was $1.305 million or $.29 per share compared to $1.189 million or $.26 per share for the same period in 2003. A quarterly dividend of $.22 per share was declared on July 14, 2004 to shareholders of record July 24, 2004, payable July 28, 2004. Union, with headquarters in Morrisville is the bank holding company parent of Union Bank, which offers deposit, loan, trust and commercial banking services throughout northern Vermont.

Lane Press first North American printer with integrated Hiflex and Creo solution

Sat, 07/31/2004 - 8:00pm -- tim

The Lane Press, Inc has announced the implementation of the JDF- (Job Definition Format) compliant HIFLEXPRINT and Creo Prinergy solutions for a complete end-to-end automation of the printing process. Lane Press is the first North American printer with an integrated manufacturing resource planning (MRP) solution and prepress system. Together, these solutions provide real- time, job-specific data flow throughout the manufacturing process. According to Philip Drumheller, president of Lane Press, this action represents a sweeping process improvement in printing.

Banknorth Increases Quarterly Dividend

Tue, 07/27/2004 - 8:00pm -- tim

Banknorth Increases Quarterly Dividend
PORTLAND, Maine (July 27, 2004) Banknorth Group, Inc. (NYSE: BNK)
announced today that its Board of Directors has increased the Company's
quarterly dividend to 20 cents per share based on earnings for the quarter
ended June 30, 2004. The dividend increase represents a .5 cent per share
increase over the quarterly dividend paid following the previous quarter
ended March 31, 2004 and a 1 cent per share increase over the quarterly
dividend paid a year ago following the quarter ended June 30, 2003.

Judge approves sale of hydro plant to town

Mon, 07/26/2004 - 8:00pm -- tim

Bankruptcy judge approves sale of hydro plant to Rockingham
Officials in Rockingham hope that a $72.4 million purchase of the hydro electric facility on the Connecticut River in Bellows Falls will lower electric rates to the community. A US Bankruptcy Court judge has approved the sale from USGen New England. The deal must be completed by December 1, although the actual closing probably would not occur until October 2005. If the town failed to finalize financing by December 1, the town would forfeit its right to take the dam by eminent domain for 10 years.