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Business 2002 P11



Synex International announces agreement to purchase Wolverine Power Corp.
Synex Energy Resources Ltd., has executed a Stock Purchase Agreement with The New World Power Corp. to purchase all of the shares of Wolverine Power Corp., a unit of New World.

SEMCO ENERGY Inc. completes the sale of its Houston engineering business
SEMCO ENERGY Inc. on Tuesday announced that it has closed the sale of its Houston-based NATCOMM Engineering, Inc. business to three individuals who are involved in a diversified petroleum engineering and operations management firm.

PG&E National Energy Group and Sumitomo Corp. announce agreement on Hermiston Generating
PG&E National Energy Group Inc. has signed an agreement to sell one-half of its 50 percent interest in the Hermiston Generating plant to Sumitomo Corp. and Sumitomo Corp. of America.

Florida Public Utilities Co. acquires Nature Coast Gas
Florida Public Utilities has expanded its West Central Florida propane service area with the acquisition of Inglis, Florida-based Nature Coast Gas Inc.

IDACORP to forego midstream natural gas development strategy and exit natural gas trading
IDACORP Inc. will terminate efforts to pursue a midstream natural gas development business and will exit its natural gas trading operations by the end of the first quarter of 2003.

Barnhart Crane and Rigging establishes Gadsden, Ala., office
Barnhart Crane and Rigging Co., a provider of heavy rigging and transportation solutions based in Memphis, has purchased Gadsden, Ala-based Taylor Crane Rental and Rigging.

Patrick Kron to succeed Pierre Bilger as ALSTOM CEO
The Board of ALSTOM has appointed Patrick Kron as Chief Executive Officer.

Calpine third quarter income down, but earnings meet analysts' expectations
Calpine Corp. recently announced financial and operating results for the quarter and nine months ended September 30, 2002.

Ameren embraces benchmarking as a core business strategy
This article from the upcoming November issue of Power Engineering discusses the merits of benchmarking as a core business strategy.

ArcLight increases stake in California gas storage facility
ArcLight Capital Partners, LLC announced Monday that its affiliate, ArcLight Energy Partners Fund I, LP, is now the owner of 100% of WHP Acquisition Company with the exit of Aquila, Inc. from the company.

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