For Immediate Release:
Utility deregulation continued to unfold this morning with the surprise announcement of the purchase of CMP by Energy East. Union workers have known that the current maneuvering of forces in the newly deregulated industry meant this could happen, but this particular deal was as much a surprise to the union as to the general public.
The IBEW 1837 contract for union workers will remain in force until May 1, 2000. But from union members' point of view this will add considerable stress to their lives until things are settled. The deal could close just as the contract... Read More
Business Manager Tony Sapienza