|
CONTACT INFORMATION
FOR IMMEDIATE RELEASE
Union Fenosa is Named International
Winner of Electric Industry's Highest Honor, the Edison Award
MONTREAL, CANADA; June 20, 2000 - "Confidence in competition
and excellence in embracing and succeeding in new markets are the
respective hallmarks of Union Fenosa" named as the international
winner of the electric utility industry's highest honor, The Edison
Award.
"Union Fenosa is clearly committed, decisive and willing to
take new risks," said Thomas R. Kuhn, president of Edison Electric
Institute. They provide lift to the electric utility industry, exemplifying
what President John F. Kennedy meant when he said, 'A rising tide
lifts all boats.' The progress our industry makes in the new Millennium
is made more sure because of their tireless vision."
The prestigious Edison Award is given annually by the Edison Electric
Institute (EEI) to the U.S. shareholder-owned member and international
member making the most outstanding contributions to the advancement
of the industry. EEI announced the award at Electricity - The New
Millennium, in Montreal, Canada. This is the 41st year for the Edison
Award.
Union Fenosa, Madrid, Spain is an Edison Award winner for capitalizing
on loosened restrictions in Spain's electricity market, and parlaying
its strengths to grow the company's global business and increase
shareholder value. In 1999, Union Fenosa moved dramatically forward
in its mission to sell its expertise around the world, consulting,
operating power systems, and investing in 37 countries.
About Union Fenosa
Union Fenosa increased its share in competitive generation markets
with investments in wind power, photovoltaic, biomass, and other
generation technologies. The company reorganized into divisions
that tap market opportunities in generation, distribution, professional
services, international investments, telecommunications and industrial
services. Union Fenosa made dramatic gains in customer service quality,
establishing new Internet-based customer services, and increased
its investments in training its own professionals, in order to provide
its customers with improved services.
Union Fenosa has become the number one ranked Spanish electric
utility in delivering shareholder value - averaging 44.82% annually
in the past five years.
*Union Fenosa Acex USA Corporation is the wholly owned software
and professional services subsidiary of Union Fenosa . This division
is now doing business under the name SOLUZIONA, USA.
# # #
|
