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Business 2002 P14



RealEnergy completes record-setting quarter with seven new on-site power systems producing 5400 kW
RealEnergy Inc. announced that the third quarter of 2002 has been its most successful quarter to date.

Energy East Corp. announces early retirement program at operating utilities
Energy East Corp. announced a voluntary early retirement program for salaried employees of its six operating utilities.

Pinnacle West announces corporate realignment
Pinnacle West Chairman Bill Post announced that Bill Stewart, former president of the company's power generation arm, has been named Chief Executive Officer of Pinnacle West Energy.

AEP reports third-quarter ongoing earnings of $1.21 per share
American Electric Power (AEP) on Friday reported 2002 third-quarter ongoing earnings of $409 million, or $1.21 per share, down from $459 million, or $1.43 per share in third-quarter 2001.

Williams discloses natural gas trade reporting inaccuracies
Williams said it has learned that a few traders in its natural gas trading business provided inaccurate information regarding natural gas trades.

Eric van der Walde steps down as AEP changes business focus
Eric van der Walde, executive vice president - wholesale at AEP, announced his resignation following AEP's decision to limit its energy trading activities.

Duke Energy to eliminate 1,500 positions following disappointing third quarter
Duke Energy earned 27 cents per share, or $230 million in net income, in third quarter 2002 compared with $1.02 per share, or $796 million in net income, in third quarter 2001.

New Dual-Fuel technology enables increased utilization of standby generators
Based on the success of their patented Dual-Fuel Technology for trucking applications, Clean Air Partners (CAP) now offers the same benefits for diesel generators.

Utilities, telecoms and financial institutions dominate ratings watchlists
A new report on trends in rating actions and rating reviews reveals that nearly one out of seven rated corporate issuers globally is currently under review for downgrade, but that three very large, pressured sectors account for nearly 65% of all such reviews.

Peabody Energy announces net income of $29 million for the quarter
Peabody Energy reported net income of $29.0 million for the quarter ended Sept. 30, 2002, and $75.8 million through nine months.

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