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Business 2002 P30



FPL Group appoints Ron Green president of engineering and construction division
FPL Group Inc. recently announced that Ron F. Green has been appointed President of the Engineering and Construction Division, overseeing power plant engineering and construction activities.

Dominion makes settlement proposal to union
Dominion late Friday made a settlement proposal to its electrical workers union that includes a five-year term, guaranteed annual wage increases and pension and medical benefits.

Williams enters into agreement with former telecommunications subsidiary and creditors
Williams announced it has made an agreement with its former subsidiary, Williams Communications Group, and its bankruptcy creditor's committee.

Dynegy agrees to sell Northern Natural Gas to MidAmerican Energy
Dynegy Inc. has agreed to sell Northern Natural Gas Co. to MidAmerican Energy Holdings Co. for $928 million in cash, subject to adjustment for working capital changes.

Plug Power launches new fuel cell product providing heat and electricity
Plug Power Inc. introduced the GenSys™5C, the company's new Combined Heat and Power (CHP) fuel cell system, at the Town Hall in Babylon, N. Y.

TransAlta reports strong operational plant performance in second quarter
TransAlta Corp. announced net earnings of $124.9 million for the second quarter, compared to $59.1 million for the same quarter in 2001.

Williams Energy Partners raises cash distribution for fifth consecutive quarter
The board of directors for the general partner of Williams Energy Partners L.P. has declared a quarterly cash distribution of 67.5 cents per common and subordinated unit for the period April 1 through June 30, 2002.

ECD grants patent license to Chinese company
Ovonic Battery Co. Inc., has entered into a patent license agreement in connection with its proprietary nickel metal hydride battery technology with Henan Huanyu Power Source Co. Ltd. of China.

TXU reports strong second quarter results
TXU announced that earnings for the second quarter ended June 30, 2002 were $0.73 per share of common stock versus $0.78 per share for the second quarter of 2001.

AEP reports second-quarter ongoing EPS of $0.56
American Electric Power reported 2002 second-quarter ongoing earnings of $181.6 million, or $0.56 per share, in a quarter made difficult largely by declining system sales.

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