was organized in 1940 and is headquartered in San Angelo, Texas.
To improve its market position and diversify its revenue stream, CVEC
and a group of other ethanol producers founded Renewable Products Marketing Group.
This implementation involved running the DYCAST procedure for analysis regions every weekday through November 1, 2005; daily risk maps (Figure 3) were generated and made available in real time to mosquito control agencies via the CVEC
password-protected website, the California Vectorborne Disease Surveillance Gateway (www.
The project is expected to result in significant annual cost savings to all of the CVEC
member towns and counties.
The primary components of the charge to earnings included: 1) a revised calculation of overearnings for the period 2001 - 2003; 2) application of the gain resulting from the CVEC
sale to reduce costs; 3) a customer refund for over-collections for the period April 7, 2004 through March 31, 2005; and 4) amortization of costs and other adjustments required in the Rate Order.
91) Net impact of CVEC
sale recorded in 2004: Gain on discontinued operations (1.
The analysis of year-over-year earnings for the utility business is discussed in three parts: recurring earnings from continuing operations, impacts of the Rate Order, and impacts of the 2004 CVEC
1, 2004 termination of the CVEC
power contract decreased wholesale revenue by $10.
The refinancing of $75 million of high coupon second mortgage bonds with lower coupon first mortgage bonds will partly offset the loss of CVEC
Termination of the CVEC
power contract made more megawatts available for resale.
1, 2004 termination of the power contract with CVEC
decreased revenue by $2.
were in place to source the CVEC
power contract extends