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Business 2002 P44



Service modules provide online diagnostic, training and archiving functions for water and power plants
Westinghouse SureNet web-based service modules can reduce operations and maintenance costs of power plants and water and wastewater facilities using Westinghouse distributed control systems.

Framatome ANP acquisition of Duke Engineering and Services completed
Framatome ANP, Inc., an AREVA and Siemens Company, following a three-month process of due diligence, has completed its purchase of Duke Engineering & Services, a subsidiary of Duke Energy Corp.

Fitch downgrades Dynegy Holdings to 'BBB'
Dynegy Holdings Inc.'s (DYNH) senior unsecured debt and Dynegy Inc.'s (DYN) implied senior unsecured debt have been downgraded one notch to 'BBB' and 'BBB-', respectively by Fitch Ratings.

Aquila to acquire Cogentrix Energy, adding 3,500 MW of contracted generation
Aquila, Inc. and Cogentrix Energy, Inc. announced Tuesday that they have signed a definitive agreement for Aquila to acquire privately held Cogentrix, an independent power producer.

Dynegy posts first-quarter net loss of $140 million; plans to secure credit facility
Dynegy Inc. posted a first-quarter net loss of $140 million but said it expects to secure a $900 million credit facility.

Ameren reaches agreement to purchase CILCORP
Ameren Corp. Monday announced the signing of a definitive agreement for the purchase of CILCORP, Inc., from The AES Corp.

Wisconsin Energy to review accounting relationship
Wisconsin Energy Corp. said it is reviewing its relationship with its accountants and has started a process to select an independent public accountant to audit its 2002 financial statements.

Exelon, TXU complete sale of two Texas power plants
Exelon Generation and TXU Corp. have announced the completion of the sale of two TXU Energy power plants located in the Dallas and Fort Worth areas to Exelon for $443 million.

Edison Electric Institute executive honored by American Association of Blacks in Energy
The American Association of Blacks in Energy has honored David K. Owens, EEI Executive Vice President, Business Operations with its James E. Stewart Award.

Pall Corp. completes acquisition of Filterite and other USFilter divisions
Pall Corp. announced that it has completed the acquisition of Filterite and other divisions of the Filtration and Separations Group (FSG) from USFilter Corp.

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