Tax Depreciation & Capital Allowances

Coupled with increased imports from Canada, especially to the Northeast and Midwest, gas prices should fall later this year, he said. Futures contracts for natural gas also reflect the adequate supply situation through falling prices for deliveries of gas later this year. Low gas prices in southern Ohio have kept the customer choice program for natural gas suppliers from catching on in CG&E’s service territory.

Only about 23,000 of CG&E’s residential gas customers have opted to switch to other suppliers, leaving it with 334,000 natural gas customers in Ohio. CG&E, through its Union Light, Heat & Power unit has an additional 82,000 gas customers in Northern Kentucky, where there is no customer choice program. Changes in the way computers are sold forced layoffs Wednesday at GE Capital Information Technology Solutions in Northern Kentucky, a spokeswoman said. About 50 people received layoff notices at company facilities in Newport and Erlanger, spokeswoman Sandra Prospero said.

The Newport-based GE unit is a reseller to businesses of computer equipment from manufacturers like IBM, Compaq and Hewlett-Packard. Ms. Prospero said in the last two years more companies are buying computers via telephone and the Internet rather than by dealing with a direct sales force. GE Capital IT Solutions has been shifting to a telesales system and relying less on a direct sales force, she said. Our property tax Depreciation Surveyors visit your property and calculate depreciation on real estate and other assets and build a Property Depreciation Report. A new telesales operation at GE’s Erlanger facility has created 60 new jobs, which are already filled. The layoffs occurred among the direct sales force and positions that supported that operation, Ms. Prospero said.

The affected employees got a mini mum of 30 days notice, and GE is attempting to find them jobs at other GE locations, such as GE Aircraft Engines in Evendale and GE Capital Card Systems in Cincinnati, she said. Those who do not get other GE jobs will receive severance pay. The company announced in 1998 that it would consolidate its world and U.S. headquarters from Stamford, Conn., and Minneapolis into Northern Kentucky. GE Capital IT Solutions will still employ about 600 people in Northern Kentucky after the layoffs, Ms. Prospero said.