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Business 2002 P19



AEP to immediately mothball seven Texas power plants
AEP began steps Tuesday to move seven Texas power plants to inactive, or mothballed, status as the company continues negotiations with ERCOT on the status of eight other power plants.

Aquila completes sale of its interest in Lockport Energy facility
Aquila Inc. has completed the previously announced sale of its 16.58 percent interest in the Lockport Energy facility to Fortistar LLC.

Proton Energy Systems introduces electrolysis hydrogen generator
Proton Energy Systems has launched its latest HOGEN® hydrogen generator series, with a new model capable of producing hydrogen continuously from renewable energy, grid power, or any mix of the two.

Xcel Energy board lowers dividend
The board of directors of Xcel Energy Thursday declared a quarterly common stock dividend of $0.1875 per share, a reduction of $0.1875 from the previous dividend. Dividends will be paid Oct. 20 to shareholders of record Oct. 7.

Technology executives discuss energy technologies at U.S. Chamber of Commerce Energy Summit
Politicians and energy industry leaders at the U.S. Chamber of Commerce's 'Energy Summit 2002: Ensuring America's Energy Supply' on Tuesday emphasized that North American natural resources are needed to ensure national security and economic stability.

FPL Group announces restructuring of unregulated businesses
FPL Group Inc. Thursday announced it is restructuring its wholesale energy and telecommunications businesses in response to current challenging market conditions.

Beacon Power to stay in NASDAQ SmallCap Market
Beacon Power Corp. announced that it has been notified by NASDAQ that it has successfully met the requirements for continued inclusion in NASDAQ's SmallCap market.

PG&E Co. bankruptcy confirmation hearings to begin Nov. 18
The U.S. Bankruptcy Court recently ruled that the confirmation hearings in Pacific Gas and Electric Company's Chapter 11 case will begin on November 18, 2002.

SDG&E issues formal 'request for offers' to sell power
San Diego Gas & Electric has formally issued a Request for Offers to prospective sellers of electricity to buy electricity and generating capacity to cover the utility's 'net short' energy requirements starting on Jan. 1, 2003.

Williams sells interest in Alliance Pipeline for $173 million
Williams announced recently that it has reached an agreement to sell its ownership interest in the Canadian and United States segments of the Alliance pipeline to Enbridge Inc. for approximately $173 million cash.

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