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Business 2002 P10



Huaneng Power International, Inc. to Acquire Equity Interests in Shanghai Shidongkou First Power Plant and Jiangsu Taicang Power Plant
Huaneng Power International, Inc. today convened the 23rd session of the third board meeting. The meeting discussed and passed the resolution for the RMB415 million acquisition of 30% equity interest in the Shanghai Shidongkou First Power Plant and 5% equity interest in the Jiangsu Taicang Power Plant

Environmental Power Corp. announces 3rd quarter revenues from waste coal operation to fuel 'manure to energy' systems
Environmental Power Corp. continued to generate a steady stream of revenue from the award-winning Scrubgrass waste coal facility while continuing to deploy new technology which converts 'manure into energy'.

PG&E Corp. reports third quarter financial results
PG&E Corp. earned $466 million, or $1.19 per share, in total net income for the third quarter of 2002. The corporation earned $771 million, or $2.12 per share, for the same quarter in 2001.

Williams reports third-quarter net loss of $294.1 million
Williams Thursday announced an unaudited third-quarter 2002 net loss of $294.1 million, or 58 cents per share.

Dynegy sells remaining UK natural gas storage business to Centrica for $500 million
Dynegy Inc. announced Thursday that it has sold its remaining Dynegy Storage assets in the United Kingdom to Centrica plc.

PG&E National Energy Group President and CEO retires, Tom King named president
PG&E Corp. has announced the retirement of Thomas G. Boren, President and CEO of the PG&E National Energy Group and Executive Vice President of PG&E Corp.

Northern Border Partners, L.P. to acquire Viking Gas Transmission Co.
Northern Border Partners L.P. announced it has executed a definitive agreement to purchase Viking Gas Transmission Co. including a one-third interest in Guardian Pipeline from Xcel Energy.

Moody's downgrades Allegheny Energy and affiliates
Moody's Investors Service downgraded the ratings of Allegheny Energy Inc., including its senior unsecured debt to B1 from Ba1.

NorthWestern reports slightly higher third quarter income
NorthWestern Corp. Thursday reported third quarter 2002 income from continuing operations of $14.6 million, or 25 cents per diluted share, compared with $14.1 million, or 52 cents per diluted share in the third quarter of 2001.

El Paso Corp. announces sale of coal properties
El Paso Corp. Thursday announced it has agreed to sell certain of its coal reserves and coal properties to an affiliate of Natural Resource Partners, L.P. for $69 million.

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