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Technology Stocks : Information Architects (IARC): E-Commerce & EIP
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To: Tech Master who wrote (8478)10/22/1998 1:38:00 PM
From: NJ Investors  Read Replies (1) of 10786
 
Are there other opinions on this topic or additional insights?
ADDITIONAL INFORMATION ON A NEW TOPIC: POWER INDUSTRY TRAUMA
ALYD announces contract with Idaho Power

Year 2000 Compliance

The company has developed and is implementing a Year 2000 Compliance Plan (Compliance Plan). The Compliance Plan and the requisite funding have been approved by the company's Board of Directors and addresses traditional hardware and software systems,
embedded systems and service providers. It also includes identification of and coordination with all external interfacing systems.

Considerable effort and resources are being dedicated to meeting the
objective of a problem free transition to the new millennium.
However, it is incumbent upon us to advise you that by its very
nature, the electric utility industry is very much dependent upon an
electric grid that connects utilities throughout the western portions of
North America. This interconnection is essential to the reliability and operational integrity of each connected utility. This also means the failure of one electric utility in the interconnected grid could cause the failure of others. In the context of the Year 2000 computer problem,this interconnectivity compounds the challenge faced by the electricutility industry. The company could do a very thorough and effective job of becoming Year 2000 compliant and yet encounter difficulties supplying services and energy because another utility in the interconnected grid failed to achieve Year 2000 compliance. In this regard, the company is working closely with other electric industry organizations concerned with reliability issues and technical
collaboration.

The company is conducting detailed risk investigation and problem
solving activities in order to formally address and minimize the risk
associated with Year 2000 problems originating both inside the
company's system (hardware, software and embedded systems) and
outside the Company's system (suppliers, interfacing systems and
other industry organizations regarding the interconnected grid).
Following is some relevant information regarding the Compliance Plan:

a.Responsible Executive Officer
Name:Cliff Olson
Title:Vice President - Corporate Services
Address:

Name:
Stan Turner
Title:
Year 2000 Project Manager
Address:
P.O. Box 70, Boise, Idaho 83707
Telephone:
(208) 388-2000
Toll Free:
(888) 388-5744
Fax:
(208) 388-6914
Email:
y2kproject@idahopower.com

c.The company has targeted July 1999 as the date by which its critical systems will be compliant.

The company is committed to solving the Year 2000 computer problem so that our business will run without interruption after December 31, 1999.
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