Business Briefs for the Week of Sept. 17, 2007

  • The 35,000-member New Jersey chapter of the International Brotherhood of Electrical Workers (IBEW) and Local Union 1289 has joined the growing membership of the New Jersey Affordable, Clean, Reliable Energy Coalition (NJ ACRE). The Coalition's immediate focus is to generate public support for renewal of the operating license of Oyster Creek Generating Station.
  • Pentadyne Power Corp., Chatsworth, Calif., recently announced a $14 million venture investment by Loudwater Investment Partners to finance further company growth and product development. Loudwater invests in late stage private growth companies and has offices in London and San Francisco. Approximately half of their investments are in U.S. technology companies.
  • Dave Petratis, president and CEO of Schneider Electric's North American Operating Division, local dignitaries, retirees, and current employees will gather at the Square D plant in Lexington, Ky., on September 27 to celebrate the facility's 50th anniversary. Lexington Mayor Jim Newberry will be in attendance and Kentucky Governor Ernie Fletcher has been invited. Current and former employees who have worked at the plant over the past five decades also will be on hand. When the Lexington facility was built by the Square D Company in 1957, 250 employees produced enclosures for QO residential circuit breakers in a 179,000-square-foot plant. Today, the Lexington operation employs more than 500 administrative, engineering, manufacturing, and marketing people in a 480,000-square-foot plant. Products manufactured include load centers, general and heavy-duty safety switches, and components shipped to other Square D facilities.
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