Top Utilities Supporting Economic Development

Site Selection Magazine has selected its Top Utilities for 2002. An annual competition based upon economic development performance in four categories — capital investment, job creation, capital investment per capita and jobs per 10,000 population — the award tests the ability of energy companies to remain resilient in the face of increasing competition between states and regions and dwindling economic development resources.

Indiana-based Cinergy scored the highest overall ranking in the survey. Cinergy and Georgia Power have won the award five straight years since its inception in 1999, while Philadelphia-based PECO Energy has won four times. Their results indicate that while some utilities have chosen to downsize their economic development efforts, others know the power of corporate attraction.

Winners are:

Cinergy Corp., Plainfield, Ind.
Northeast Utilities, Hartford, Conn.
Georgia Power, Atlanta, Ga.
PECO Energy, Philadelphia, Pa.
Entergy Arkansas, Little Rock, Ark.
Niagara Mohawk, Syracuse, N.Y.
DTE Energy, Detroit, Mich.
FirstEnergy Corp., Akron, Ohio
Omaha Public Power District Omaha, Neb.
Hoosier Energy, Bloomington, Ind.
Progress Energy, Raleigh, N.C.

Congratulations to the winners and thanks for all your contributions to economic development.

Read more here.