Electical Contractor

Is an Employee Stock Ownership Plan (ESOP) right for your electrical contracting company? What is an ESOP and how do you establish one? In this three part series, we’ll define what an ESOP is, the principal reasons for starting such a plan and the possible pitfalls of employee ownership.

More than 9 million U.S. consumers were victims of identity theft in 2004. Contrary to popular belief, most of these thefts resulted from sifting through trash, not electronic hacking.

As 2005 came to a close, many economists blamed a cloudy future on a femme fatale named Katrina. Anthropomorphism, giving human characteristics to something inanimate, is a tricky device, usually frowned upon in writing.

This unfortunate circumstance occurs every day: A company, concerned about mounting claims and litigation against it, decides to get rid of its assets by conveying them to the company owners, shareholders and others.

A leading architecture/engineering member of the CSI revision team (who requested anonymity) described the genesis of the change to MasterFormat 2004 this way: “Division 16 was used to describe means and methods of lighting and distribution of power in buildings.

Between a troubled public utility power grid, unprecedented demand for power by a growing population and the need to protect an increasingly digitally dependent economy, everyone from major manufacturing facilities to homeowners are recognizing the need and value of the protection and capabilities

In last month’s column, we outlined the procedure for establishing a risk management plan, a checklist of ways to prevent employee-related losses and the conditions favorable for fraud to occur. Internal crimes tend to follow common patterns.

Some years back, fiber optic connector manufacturers started offering connectors that terminated fiber quickly without using adhesives or requiring polishing. The manufacturer glued a short stub fiber into the connector ferrule and polished it perfectly in the factory.

Up to 2,500 megawatts (mw) of wind energy capacity are scheduled to come online in the United States this year, bringing new power to the equivalent of 700,000 homes and injecting more than $3 billion of investment into the power generation sector. Wind power has truly become a reality.