[copperpress-advertserve-ad-reload zone="3"]
 June 1, 1999

Energy consulting deals boost Tenera revenues

LOUISVILLE — Though consulting with federal officials about power plant operations may not sound exhilarating, Tenera Inc. is giving investors a comforting ride.

1998 was a watershed year for Tenera Inc (AMEX:TNR). The San Francisco-based consulting firm — which placed No. 3 on the Boulder County Business Report’s highest return on equity list as well as No. 2 on the Super-Stock 10 list — celebrated its 25th anniversary with a 30 percent growth in revenue. Profitability increased each quarter. Market capitalization soared. Profits were $1.7 million, or 16 cents per share.

A company’s return on equity is calculated by taking the earnings of a company for the last year and dividing it by the average equity. Equity is the ordinary shares in a company or the value of its assets after allowance has been made for all liabilities other than those to shareholders themselves.

Tenera’s largest subsidiary, Tenera Rocky Mountain Flats LLC, is located in Louisville. It serves as a consulting firm to the Department of Energy’s nuclear facilities with a branch of more than 100 employees.

Subsidiary President William Glover says the repositioning of the company, such as creating a smaller corporate infrastructure, has led to the rising profits.

“Intent on providing a basis for further growth and increased shareholder value, we have initiated several strategic activities,” he says. “Aggressive efforts currently under way include identification and pursuit of opportunities to expand our clients base, introduction of new product and service lines, and leveraging new and existing strategic alliances and partnerships.”

Glover adds that through the Louisville office and other subsidiaries, Tenera is able to offer a broad range of professional consulting to solve complex management, engineering, environmental and safety challenges associated with the operation of power plants, federal government properties and capital asset intensive industries.

Tenera Inc. scored a major coup recently by forming an alliance with US Generating Company, a large provider of energy and energy-related services. Tenera’s principal role is to assist USGen with management of the selection, testing and application of leading edge technologies to USGen’s facilities. Tenera also has signed an agreement with So-Bran Inc. (a developer of computer-based training services) to serve as a technical partner for a Web-based computer software system.

The local office also has been given an expanded role in regard to the Rocky Flats Environmental Technology Site. Tenera-Rocky Flats now functions as the leader of a team of companies performing professional support services for the prime contractor, Kaiser Hill Company. In that role, Tenera-Rocky Flats’ responsibilities include qualifying, selecting and managing subcontractors to perform the tasks assigned by Kaiser Hill. Under Tenera’s supervision, small local companies and small disadvantaged businesses perform much of the work.

Tenera-Rocky Flats is also benefiting as the U.S. government is in the midst of a massive appraisal of its nuclear facilities. Health, safety and environmental concerns are being investigated with great zeal, and aggressive action is being taken to resolve problems. The Rocky Flats Environmental Technology site project, managed by Kaiser Hill, is at the forefront of this effort.

Tenera’s evolution mirrors the industry it serves. The commercial electric power and energy industries have undergone a considerable transformation in recent years. Continued deregulation concerning the production and distribution of electricity has been accompanied by the desire of providers to meet demand for electricity through higher operating efficiency.

Some of Tenera’s largest clients have responded to this more competitive business environment by employing significant cost-saving measures. Companies are also gaining access to new markets via mergers and acquisitions.

“Commercial deregulation and evolution of the Department of Energy’s mission are rapidly changing the industry we serve,” says Glover. “It’s creating great opportunities for us. After a quarter century of operation, we feel that we’re well-positioned.”

LOUISVILLE — Though consulting with federal officials about power plant operations may not sound exhilarating, Tenera Inc. is giving investors a comforting ride.

1998 was a watershed year for Tenera Inc (AMEX:TNR). The San Francisco-based consulting firm — which placed No. 3 on the Boulder County Business Report’s highest return on equity list as well as No. 2 on the Super-Stock 10 list — celebrated its 25th anniversary with a 30 percent growth in revenue. Profitability increased each quarter. Market capitalization soared. Profits were $1.7 million, or 16 cents per share.

A…

[copperpress-advertserve-ad-reload zone="3"]

Related Content

[copperpress-advertserve-ad-interstitial zone="30"]