Sept. 23, 2008, WHITE PLAINS, NY — The New York Power Authority’s (NYPA) Board of Trustees today elected Richard M. Kessel to serve as President and Chief Executive Officer. NYPA, a non-profit, public-benefit energy corporation, is the largest state-owned electric utility in the nation.

“Richard Kessel has extensive experience in both the energy industry and in consumer advocacy, and has the vision and leadership essential to advancing the Power Authority’s mission of providing clean, economical and reliable energy,” said Michael J. Townsend, NYPA’s acting chairman. “I am confident that Mr. Kessel will lead NYPA in achieving its critical goals in advancing renewable energy, addressing New Yorkers’ energy needs through aggressive energy efficiency initiatives and partnering with other state officials to use its resources for job creation and retention throughout the state.”

Kessel, an expert on New York energy issues, served as chief executive officer of the Long Island Power Authority (LIPA) from 1997 to 2006, and chairman of the LIPA Board of Trustees from 1989 to 1995. He was responsible for several notable achievements during his tenure at LIPA.

Kessel successfully negotiated LIPA’s acquisition of Long Island Lighting Company, which contributed to an immediate reduction in utility rates on Long Island. Kessel also improved the safety of the State’s power transmission infrastructure when he led the decommissioning of the Shoreham Nuclear Power Plant, the first closing of a commercial nuclear facility in the United States. Kessel received regional and national recognition for LIPA’s commitment to the next generation of clean energy technologies such as fuel cells and wind power.

Kessel began his career in public service as Executive Director of the New York State Consumer Protection Board from 1983 to 1995, where he successfully negotiated rate freeze agreements with Consolidated Edison, Niagara Mohawk, and Orange and Rockland Utilities. Kessel was a Professor of Consumer Studies at Five Towns College from 1995 to 1997.

He served on the Board of Trustees for Nassau County Community College from 1981 to 2000, and was appointed to serve on the Nassau County Interim Finance Authority from 2000 until 2007.

Kessel received a bachelor’s degree from New York University and his master’s degree from Columbia University.

Kessel will join the Power Authority on Oct. 14, 2008.

About NYPA:

NYPA uses no tax money or state credit. It finances its operations through the sale of bonds and revenues earned in large part through sales of electricity. NYPA is a leader in promoting energy efficiency, new energy technologies and electric transportation initiatives. It is the nation’s largest state-owned electric utility, with 18 generating facilities in various parts of the state and more than 1,400 circuit-miles of transmission lines. For more information, www.nypa.gov.

Contact:

Christine Pritchard

518-322-9143

christine.pritchard@nypa.gov

Prysmian plans to increase its production capacity by 50 percent, matching the growing number of projects secured

Milan, Sept. 29, 2008 — Prysmian Cables & Systems, a group in the sector of cables and systems for energy and telecommunications, has been awarded, in consortium with Siemens Transmission & Distribution Ltd, a contract worth a total value of 87 million Euro to supply the electrical package for the new 300MW Thanet offshore wind park, to be constructed in the North Sea. When completed, Thanet will be the world’s largest offshore wind farm project. Prysmian will develop the connections between the wind park’s one hundred turbines, as well as the high voltage submarine power links to the mainland British power grid. Prysmian’s share of the contract is worth around 36 million Euro; Siemens will supply the onshore substation and the offshore substation.

The Thanet offshore wind park, which is scheduled to be completed by October 2009, is located about eleven kilometers off the coast of Kent. In particular Prysmian is involved in the design, supply, and installation of approximately 75 km of 33 kV submarine cables for the connections of the wind park’ s one hundred wind turbines, each rated at 3MW, as well as 55 km of 132 kV cables for the transmission of electrical power generated to the mainland. The cables will be manufactured at the Prysmian submarine cables factory based in Arco Felice, Italy, and will be delivered in March 2009.

This contract proves once more the validity of the know-how and the technologies developed by Prysmian in the fast growing renewable energy sector. The Group’s leading position in this high value-added field, reached in a short time, is also confirmed by other important projects in which Prysmian has been recently involved, such as the Greater Gabbard in UK (which, when completed in 2010, will supersede Thanet as the world’s largest offshore park), the Alpha Ventus offshore wind park in Germany, and Gunfleet Sands offshore wind park in UK. In 2008 Prysmian will increase by 50 per cent the production capacity of its submarine cables specifically designed for the offshore wind parks, in order to further strengthen its competitive position in the Renewable Energy sector and to meet the demands of its strong order book.

About Prysmian

A leading player in the industry of high-technology cables and systems for energy and telecommunication, the Prysmian Group is a truly global company with sales exceeding 5 billion Euro in 2007 and a strong position in higher-added value market segments. With its two business, Energy Cables & Systems (submarine and underground cables for power transmission and distribution for industrial applications and for the distribution of electricity to residential and commercial buildings) and Telecom Cables & Systems (optical cables and fibres and copper cables for video, data and voice transmission), Prysmian boasts a global presence with subsidiaries in 36 countries, 54 plants in 21 countries, 7 Research & Development Centres in Europe, USA and South America, and more than 12,000 employees. Specialising in the development of products and systems designed to meet clients’ specific requirements, Prysmian’s key strengths include a focus on Research & Development, the capacity to be innovative on products and production processes, and the use of advanced proprietary technologies. Prysmian is listed on the Milan Stock Exchange Blue Chip index.

Contact:

Investor Relations:

Luca Caserta

Head of Investor Relations

Phone: 0039 02 6449.1

Media Relations:

Lorenzo Caruso

Communication Director

Phone: 0039 02 6449.1

Erlangen, Germany, Sept. 29, 2008 — Siemens Energy and consortium partner Prysmian Cables & Systems, have been awarded an order worth about EUR 87 million by Thanet Offshore Wind Ltd. to connect the Thanet offshore wind farm to the British power grid. Generating enough electricity to power over 167,000 homes, the wind farm with an installed capacity of 300 megawatts (MW) will be constructed in the North Sea, 11 kilometers off the coast of Kent, the wind farm will have its connection to the grid ready for operation in the summer of 2009.

As part of the grid connection for the Thanet offshore wind farm, Siemens is constructing an offshore substation platform, which will be the world’s largest to date and the first with more than one power transformer. A 33/132-kV substation with two 180-MVA power transformers will be installed on this platform. Prysmian will supply two three-phase 132-kV high-voltage subsea cables to transport the electrical power to the grid connection point, a new high-voltage switching station, which will be built by Siemens in Richborough, Kent.

As well as housing the transformers, the substations will include high-voltage and medium-voltage switchgear with the necessary protection and control technology. There is also an auxiliary system with emergency power supply on the platform. The substation platform will concentrate the energy generated by the wind farm and boost the voltage from 33 kV to 132 kV for transmission to shore.

Siemens is equipping the substation, which will act as the grid connection point on the coast, with a system for reactive-power compensation based on SVC (Static Var Compensator) technology. The reactive-power compensation system fully meets the requirements of the British power supply system (Grid Code). It provides the necessary power factor correction and improves the voltage quality. Siemens also carried out the design studies for all electrical components of the wind farm necessary for the grid connection, as well as the network studies for verifying compliance with the grid code. The energy efficient connection of offshore wind farms to the electrical power grid is an important feature of Siemens’ environmental portfolio. The energy efficient connection of offshore wind farms to the electrical power grid is an important feature of Siemens’ environmental portfolio. In 2007, revenue from the products and solutions of Siemens’ environmental portfolio was nearly EUR17 billion. The environmental portfolio is growing 10 percent annually; the revenue target for 2011 is EUR25 billion.

The Siemens Energy Sector is the world’s leading supplier of a complete spectrum of products, services and solutions for the generation, transmission and distribution of power and for the extraction, conversion and transport of oil and gas. In fiscal 2007 (ended September 30), the Energy Sector had revenues of about EUR20.3 billion and received new orders totaling around EUR28.5 billion and posted a profit of EUR1.8 billion. The Energy Sector had a work force of 73,500 at the beginning of fiscal 2008. Further information is available at: www.siemens.com/energy.

Contact:

Media Relations: Dietrich Biester

Phone: +49 9131 7-33559

E-mail: dietrich.biester@siemens.com

Siemens AG

Energy Sector – Division Power Transmission

Freyeslebenstr. 1, 91058 Erlangen, Germany

Contact:

Amalie Brandmeier

Siemens AG

Energy Sector

E CC PMR - Press & Media Relations

Freyeslebenstr. 1

91058 Erlangen, Germany

Tel.: +49 (9131) 18-3481

Fax: +49 (9131) 18-7039

mailto:amalie.brandmeier@siemens.com

Sept. 29, 2008, WASHINGTON, D.C. — The U.S. electricity sector will play a major role in any national greenhouse gas mitigation plan enacted by Congress, but prolonged regulatory uncertainty threatens the industry’s ability to efficiently meet this impending challenge, Paul Joskow, respected Massachusetts Institute of Technology economist and president of the Alfred P. Sloan Foundation, said in an address Friday at the National Press Club in Washington, D.C.

“The absence of a comprehensive national electricity policy makes (enacting a) national greenhouse gas policy more difficult,” Joskow said, noting that “significant investment” will be required to address climate change. “It’s very hard to make investment decisions when you don’t know the cost of carbon dioxide or the regulatory structure going forward.”

“Without a national policy, progress is not likely,” Joskow warned in his keynote address at “Powering the Future: Key Energy Issues for the Next Administration,” a daylong forum at the National Press Club sponsored by the Technology Policy Institute.

Unlike other formerly monopoly industries restructured to allow competition, “electricity reform is stuck,” Joskow said, citing the natural gas industry as a model of “successful national policy” for electricity sector reform. Joscow criticized so-called “counterfactual” analyses purporting to determine what prices would have been had cost-based regulation been preserved in areas of the country that opened electricity markets to competition.

Estimating what regulated prices would have been is not the “proper way” to measure the benefits of competitive markets, Joskow said. “We need to look at all the efficiencies, not short-run price impacts,” to properly evaluate the effectiveness of electricity competition, he said, noting that with markets prices will rise and fall.

Echoing that criticism was Nancy Rose, director of the National Bureau of Economic Research’s program in Industrial Organization and an MIT economist. “It’s not about short-term price movement,” said Rose, citing improvements in efficiency, investment and consumption as better barometers of the benefits of competitive electricity markets.

“Do not accept the glib assertions that [organized electricity markets] are not working,” said William Hogan, director of the Harvard Electricity Policy Group and the Raymond Plank Professor of Global Energy Policy at Harvard University’s John F. Kennedy School of Government.

These noted economists addressed the Technology Policy Institute forum just days after the group released a “counterfactual” assessment asserting that wholesale power prices in organized markets are higher than the paper’s econometric model suggested they would have been absent restructuring.

“It’s gratifying that, although it advanced a flawed analysis that only perpetuates lingering regulatory uncertainty, the Technology Policy Institute opened its forum to contrary views,” observed Joel Malina, executive director of COMPETE. “According to an Edison Electric Institute analysis, the U.S. electricity sector will need to invest $1.5 trillion to meet demand over the next two decades, and that doesn’t include the cost of addressing climate change. As Professor Joskow observed Friday, these investments involve significant risk, and in competitive markets those risks are borne by investors, not captive ratepayers.”

About COMPETE:

The COMPETE coalition represents 260 electricity stakeholders, employing over 4.5 million American workers, including customers, suppliers, generators, transmission owners, trade associations, and economic development corporations –- all of whom support well-structured competitive electricity markets for the benefit of consumers. For more information, please visit www.competecoalition.com

Contact:

Khristyn Brimmeier

202-292-6964

kbrimmeier@gloverparkgroup.com

Elgin, Illinois, September 26, 2008 — Hi-Line Utility Supply Company’s 24-hour Customer Service received a call on August 31, the Sunday of 2008’s Labor Day weekend, to meet the needs of linecrews traveling to help restore power in the wake of Hurricane Gustav.

Tommy Keough of City Lights Electrical Company, Inc., of Canton, MA, contacted Hi-Line at 2 p.m. on Sunday, August 31, as a co-worker was driving across the country towards the hurricane zone. By 10 p.m., Hi-Line had 80 pairs of Class II rubber gloves and sleeves tested, packed up and ready for pick-up by Keough’s co-worker.

“Hi-Line’s people really went out of their way for us and enabled us to do our job. I really want to thank those guys for leaving their friends and family on a holiday weekend to help out in a crisis. They really deserve some recognition,” said Keough.

Indeed, the whole country came together to help Louisiana deal with Gustav. And, when the storm turned out to be less destructive than earlier feared, companies such as Motor City Electric of Detroit, MI, Henkels & McCoy of Salem, IL, and BBC Electrical Services of Crestline, KS, headed instead to Texas to deal with Ike. Many contractors, utilities, and co-ops, including these, called upon Hi-Line to quickly provide rubber goods and tools necessary to equip line trucks as their linemen joined the effort to restore Houston and Galvaston’s electrical services.

About Hi-Line

Hi-Line’s 24-hour service is always available for emergency needs. And its warehouse is stocked with the tools linemen use every day. With on-site rubber goods testing and expert workers to visually inspect and handle each product, linemen have come to rely on Hi-Line Utility Supply as a trusted resource. To access Hi-Line’s 24-hour customer service, call 1-800-323-6606 or visit www.hilineco.com.

Contact:

Hi-Line Utility Supply Co.

1695 Cambridge Drive

Elgin, Ill. 60123

info@hilineco.com

ORANGE, CT., Sept. 24, 2008 — Hubbell Incorporated (NYSE: HUBA, HUBB) today announced that it has acquired USCO Power Equipment Corporation, CDR Systems Corp. and ElectroComposites Inc. Financial terms were not disclosed.

Founded in 1946, USCO Power Equipment Corporation, based in Leeds, Ala., has been serving the needs of the electric utility industry by providing high quality transmission line and substation disconnect switches and accessories. Available products cover voltage ratings from 15 through 500 kV and current ratings from 600 to 5500 amperes. The strong management team and engineering talent have built USCO into a recognized leader in the marketplace for ANSI/IEEE standards-based equipment.

Started in 1970, CDR Systems Corp., based in Ormond Beach, Fla., with multiple facilities throughout North America, manufactures polymer concrete and fiberglass enclosures serving a variety of end markets, including electric, gas and water utilities, cable television and telecommunications industries. CDR brands include Electrimold™, Hot Box® and Comcore®.

ElectroComposites Inc., based in Quebec, Canada, manufactures a high-voltage condenser bushing housed in composite materials. ElectroComposites offers a unique solid cast bushings line that meets North American and international standards. The composite products are a natural complement to Hubbell’s porcelain line.

Following completion of these transactions, USCO, CDR and ElectroComposites will join Hubbell’s Power segment, a designer and manufacturer of products serving the utility industry. The product range includes electrical transmission and distribution products as well as construction materials, which are sold under an array of brand names.

With the synergies and resources available from this Hubbell platform, the USCO, CDR and ElectroComposites brands will be well-positioned for the foreseeable future to provide materials for the increased infrastructure required by the power industry and the alternative utility markets.

“USCO, CDR and ElectroComposites are an outstanding fit with Hubbell’s Power business” said Timothy H. Powers, Chairman, President and Chief Executive Officer of Hubbell Incorporated. “They offer well recognized brands consistent with Hubbell’s reputation for quality products. The product lines extend our business in the Power segment to more fully service our customer base, both domestically and internationally, and will generate growth in this attractive segment.”

About Hubbell Inc.

Hubbell Incorporated is an international manufacturer of quality electrical and electronic products for a broad range of non-residential and residential construction, industrial and utility applications. With 2007 revenues of $2.5 billion, Hubbell Incorporated operates manufacturing facilities in the U.S., Canada, Puerto Rico, Mexico, Italy, Switzerland, Brazil, Australia and the United Kingdom, participates in joint ventures in Taiwan and the People’s Republic of China, and maintains sales offices in Singapore, Hong Kong, South Korea, the People’s Republic of China, Mexico, and the Middle East. The corporate headquarters is located in Orange, CT.

Hubbell Incorporated

Contact:

William R. Sperry

584 Derby-Milford Road

P. O. Box 549

Orange, CT 06477

Phone: 203-799-4293

ATLANTA, GA—Sept. 29, 2008— Advanced Control Systems, Inc. (ACS), a leading provider of smart grid automation and system solutions to electric utilities worldwide, announced that it recently completed delivery of its PRISM Distribution Management System (DMS) for the Orangeburg Department of Public Utilities (DPU).

Orangeburg DPU, the largest municipal utility in South Carolina, embarked on a distribution system automation program that extended previous system investments in its SCADA master platform to add capabilities for integrated load flow, fault detection, isolation and restoration functionality.

Orangeburg DPU owns and operates 22 electric substations, with service available at 115KV, 46KV, and 480V for large customers. Using the PRISM DMS, a modern dispatch center monitors and controls the electric system 24×7 through a state–of-the-art fiber optic network that supports DMS applications and the field distribution automation technology. Orangeburg DPU services a geographic area of about 340 square miles and is part of a multi-service utility for the City of Orangeburg, S.C.

The PRISM system incorporates load flow for a 60-feeder network, with deployment of an integrated recloser and sectionalizing distribution automation reliability initiative that supports 20 feeders serving Orangeburg’s critical commercial and industrial customer base and residential customers living in those areas. ACS and Orangeburg recently completed the production deployment of the system, which is now fully operational in a redundant configuration for high availability.

“As a tightly integrated component of our comprehensive suite of solutions for electric power utilities, the ACS PRISM DMS will enhance Orangeburg’s SCADA system, providing advanced, self-healing smart gird capabilities to improve the security, quality and reliability of power delivery, ” said Frank Sublett, ACS director of sales and marketing.

Sublett added, “As a leader in smart grid strategy, ACS continues to provide utilities with innovative technology, allowing them to successfully meet the demands of today’s rapidly evolving market. We are pleased to play a key role in Orangeburg’s advancement towards a complete smart grid solution.”

About Advanced Control Systems, Inc.

Advanced Control Systems, an EFACEC company, is a provider of smart grid solutions to the global electric power industry. The ACS software suite provides integrated distribution and outage management, simulation, optimization, and enterprise business intelligence. ACS automation products include a wide range of flexible and cost-effective substation, distribution, and feeder automation solutions. ACS is powering the utility of the future – today. For more information, visit www.acsatlanta.com.

Contact:

Rob Sadler

Director of Marketing

Advanced Control Systems, Inc.

Rob.sadler@acsatlanta.com