To: Tech Master who wrote (8478 ) 10/22/1998 1:38:00 PM From: NJ Investors Read Replies (1) | Respond to 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.