Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Discuss Year 2000 Issues -- Ignore unavailable to you. Want to Upgrade?

To: Cheeky Kid who wrote (3349)	1/22/1999 2:36:00 PM
From: Fred Ragan	Read Replies (2) \| Respond to of 9818

Canadian Electrical Utilities - for what it's worth Canada NewsWire --------------------------------------------------------------------------- ----- Attention News Editors: Canadian Electricity Association - Release of Electric Utility Y2K Report TORONTO, Jan. 21 /CNW/ - In a press conference this morning, the Canadian Electricity Association (CEA) released the second in a series of reports on the state of Y2K readiness of Canadian electric utility companies. ''Much has been said and written about electric utilities and Y2K, based upon anecdotal evidence and conjecture'' said Hans Konow, President of CEA, ''This series of studies provides the only comprehensive review of the industry based upon facts rather than opinion''. Among the findings in this report, are: - Extensive testing conducted to date suggests that the rollover to the Year 2000 will create only a minimal impact on electric system operations in North America. - Computer errors found thus far do not appear likely to threaten electricity supplies to customers. ''The continuing positive results from these readiness reviews are a reflection of the very significant efforts and resources utility companies have brought to bear on Y2K'' said Konow. ''As a result, Canadian electric utilities will be in an excellent position to maintain electricity service during critical Y2K transition periods.'' CEA's Y2K program addresses all Canadian electric utility companies, including investor owned companies, provincially-owned Crown corporations, municipal, and cooperative entities. CEA has been acting as a conduit between the Canadian federal government and the utility industry, and is working closely with other associations and stakeholders who represent critical infrastructure services in order to facilitate national contingency planning and communications activities. CEA is the national association of electric utility companies in Canada. The association's core membership consists of the 28 largest utility companies in Canada. Smaller utility companies and suppliers to the industry are associate members of CEA. -30- For further information: Francis Bradley, (514) 866-5356, email: mailto: bradley@canelect.ca, bradley@canelect.ca or Romanie Vernham, (514) 866-5370, email: mailto:vernham(AT)canelect.ca, vernham(AT)canelect.ca