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Business 2002 P16



Manure to produce electricity for Vermont Public Power Supply Authority
Environmental Power Corp. and Vermont Public Power Supply Authority have entered into an agreement covering construction, sale and operation of anaerobic digester/electric generation facilities.

Kinder Morgan renews approximately $1.7 billion of credit facilities
Kinder Morgan Energy Partners, L.P. and Kinder Morgan, Inc. today 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.

ONEOK to purchase Texas properties of Southern Union
Under an agreement worked out Wednesday, ONEOK Inc. will purchase all the Texas assets of Southern Union for $420 million.

Dynegy to quit energy marketing and trading business
Dynegy Inc. Wednesday announced that it is implementing a restructuring plan designed to improve operational efficiencies and performance across its lines of business.

Weathernews launches PowerCast for energy generation, transmission & distribution organizations
Weathernews Americas Inc. has recently launched PowerCast, its new weather risk management system.

Dominion announces third-quarter earnings of $1.54 per share
Dominion announced unaudited consolidated operating earnings for the third quarter of $430 million, compared with operating earnings of $344 million for the same period in 2001.

TXU cuts dividend 80 percent; stock price falls
TXU Corp. has announced that it would cut its quarterly dividend by 80 percent. In addition, its overseas division, TXU Europe, is offering for sale all or portions of its business.

AEP expects 2002 ongoing earnings between $2.85 and $3.15 per share
American Electric Power said Thursday that it is reducing 2002 ongoing earnings guidance to between $2.85 and $3.15 per share, citing general weakness in the economy and the wholesale energy markets that have affected the entire sector.

El Paso announces sale of its interest in Alliance Pipeline system
El Paso Corp. will sell its 14.4 percent interest in the Canadian and U.S. segments of the Alliance Pipeline, the Aux Sable natural gas liquids plant, and related entities to Enbridge Inc.

Foster Wheeler appoints Bernard H. Cherry head of Power Group
Foster Wheeler Ltd. announced the appointment of Bernard H. Cherry as president and chief executive officer of Foster Wheeler Power Group, Inc., effective November 4, 2002.

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