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Business 2002 P17



Evergreen Solar expands marketing and sales organization in U.S. and Europe
Evergreen Solar Inc. has appointed Peter Rusch as European Marketing and Sales Manager and Lance Barret as U.S. National Sales Manager.

Barnhart Crane and Rigging opens Houston project development office
Barnhart Crane and Rigging Co., a provider of heavy rigging and transportation solutions, has established a project development office in Houston, Texas.

Moody's downgrades Mirant Corp. and subsidiaries
Moody's Investors Service downgraded the ratings of Mirant Corp. and its subsidiaries due to significantly lower operating cashflow relative to its high debt burden and other reasons.

AEP to reduce exposure to energy trading, downsize trading and marketing organization
American Electric Power (AEP) said Thursday that it plans to reduce its exposure to speculative energy trading markets and will downsize its trading and wholesale marketing operation.

National Fuel to acquire Empire State Pipeline
National Fuel Gas Co. has reached agreement to acquire the Empire State Pipeline from a subsidiary of Duke Energy. A stock purchase agreement regarding this transaction was executed Thursday.

TXU scrambles to reassure investors after morning of stock plunges
TXU reaffirmed Tuesday that it is in strong financial position and has ample liquidity, and that it knows of no fundamental reason for the way the TXU common stock traded Tuesday morning.

AEP dismisses five for providing inaccurate market data for indexes
AEP has dismissed five employees involved in natural gas marketing and trading after the company determined that they provided inaccurate price information for use in indexes compiled and published by trade publications.

Global Water Technologies receives new equity
Global Water Technologies Inc., a cooling water treatment company, has received $850,000 of new equity from George Kast, the Company's Chairman and Chief Executive Officer.

Hess Microgen expands production capacity in response to continued order growth
Hess Microgen LLC announced the opening of a new production facility at its headquarters in Carson City, Nev. Today's ribbon-cutting ceremony showcased the built-to-order production facility that adds approximately 34,000 square feet to existing capacity.

BPA pays U.S. Treasury more than $1 billion in fiscal 2002
The Bonneville Power Administration made its annual debt payment to the U.S. Treasury in full and on time Sept. 30, for the 19th straight year. The 2002 payment was $1.056 billion.

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