Business Services Industry
Virginia's Roanoke Gas to Pursue Corporate Restructuring.
Knight Ridder/Tribune Business News, April, 1998 by Schnabel, Megan
Knight Ridder/Tribune Business News
Apr. 28--Under the proposed structure, Roanoke Gas would continue to be a public utility.
Roanoke Gas Co., which reported increased second-quarter earnings Monday, said it wants to position itself to grow in new directions.
The board of directors has given the company the go-ahead to pursue a corporate restructuring that would create a new holding company, said John Williamson, the company's president and chief executive.
"We'd like to grow Roanoke Gas to become a bigger and bigger hometown company," he said. "We're preparing ourselves to stay independent."
Currently, Roanoke Gas is a public utility that is subject to a number of regulations. Under these rules, the company is limited in the types of...
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