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Business 2002 P12



El Paso Merchant Energy completes sale of Colorado power plant
El Paso Merchant Energy Group on Monday announced the sale of the combined 213-megawatt electric generating facilities located near Brush, Colorado to a subsidiary of MDU Resources Group Inc.

Foster Wheeler appoints Ferraioli controller
Foster Wheeler Ltd. recently announced the appointment of Brian K. Ferraioli as vice president and controller of the company worldwide.

The United Illuminating Co. completes the sale of its ownership interests in the Seabrook Nuclear Generating Station
The United Illuminating Co., (UI), on Friday announced the completion of the sale of its ownership and leasehold interests in the Seabrook Nuclear Generating Station to FPL Group, Inc.

Exelon Generation completes acquisition of Sithe's New England plants
Exelon Generation has completed its acquisition of Sithe New England Holdings, LLC, which owns a number of New England generating stations, from Sithe Energies, Inc.

Sempra Energy Resources completes acquisition of Texas power plant
Sempra Energy Resources, the power generation subsidiary of Sempra Energy, on Friday finalized its acquisition of a 305-megawatt (MW), coal-fired power plant from Texas-New Mexico Power Company (TNMP) for $120 million.

Kinder Morgan renews approximately $1.7 billion of credit facilities
Kinder Morgan Energy Partners, L.P. and Kinder Morgan Inc. recently announced they have renewed $1.66 billion of credit facilities and expect to close on additional commitments to bring the total to $2.0 billion.

Rencheck to head AEP Pro Serv
Michael W. Rencheck will become president of American Electric Power's Pro Serv, Inc., in early November, succeeding John R. Jones, who will retire after 36 years with AEP.

Former Enron CFO indicted on 78 federal counts
Andrew Fastow, the former Enron Corp. chief financial officer, was indicted Thursday on 78 counts associated with a possible illegal scheme to boost the energy company's profits.

Williams completes sale of interest in Alliance Pipeline for $173 million
Williams announced that it has completed the sale of its ownership interest in the Canadian and United States segments of the Alliance pipeline to Enbridge Inc. and Fort Chicago Energy Partners L.P. Williams has received cash proceeds of $173 million.

Moody's downgrades Cogentrix Energy
Moody's Investor Service has downgraded the senior notes of Cogentrix Energy Inc. to Ba1 from Baa3, and kept the rating under review for possible further downgrade.

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