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Business 2002 P35



Allegheny Energy revises earnings predictions and begins cutting costs
Allegheny Energy on Monday announced it expects 2002 earnings per share to be $2.50 to $2.70, and has started measures to reduce operating and capital expenditures.

Capstone Turbine announces internal realignment
Capstone Turbine Corp. announced the resignation of Chief Operating Officer Norman Chambers in conjunction with a decision by its Board of Directors to undertake an internal realignment.

Williams to sell Kansas gas gathering system for $100 million
Williams has signed a letter of intent to sell its Kansas Hugoton natural gas gathering system for $100 million in cash to FrontStreet Hugoton LLC, an affiliate of FrontStreet Partners, LLC.

California officials playing 'Russian roulette' with state's energy future, Sempra Energy Resources claims
California officials are engaged in 'political shenanigans' imperiling the development of new energy-generating infrastructure in the Western U.S., Sempra Energy Resources said recently.

Active Power Inc. begins shipment of Lower Power UPS to Caterpillar Inc.
Active Power Inc. announced recently that it has begun shipments of its new 150 kVA CleanSource® Uninterruptible Power Supply (UPS) product to Caterpillar® Inc.

Aquila to sell interest in Lockport Energy Facility
Aquila Inc. announced recently that it has signed an agreement to sell its 16.58 percent interest in the Lockport Energy facility to Fortistar Capital Inc., L.L.C. for $37.5 million in cash.

Dynegy finalizes Northern Natural Gas pipeline ownership
Dynegy Inc. said Monday that Enron Corp.'s option to repurchase Northern Natural Gas Co. (NNG) has expired, with Dynegy maintaining full ownership.

NRC cites Columbia Generating Station for finding of low to moderate safety significance
The NRC has issued its final determination that a May inspection finding at Columbia Generating Station is of low to moderate safety significance and will be characterized as 'white.'

Foster Wheeler receives further extensions of financing facilities and defers trust preferred payment
Foster Wheeler Ltd. has obtained further extensions through July 31 of both its waiver under its current revolving credit facility and the forbearance of remedies for its lease financing facility.

PSEG Power names Frederick Pastor Jr. vice president of construction
Frederick Pastor Jr. has been appointed vice president of construction by PSEG Power, an independent power producer.

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