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Business 2002 P46



Enron assets may be worth $14 billion less
Bankrupt energy company Enron warned investors Monday that the value of its assets detailed in a November filing may actually be inflated by as much as $14 billion.

Turbine Air Systems announces new president/COO
Turbine Air Systems, a specialist in increasing the output of gas turbine facilities via inlet air chilling, has named Craig M. Hurlbert its President and Chief Operating Officer.

CMS Energy sells assets to Mirant
CMS Energy Corporation's independent power unit, CMS Generation Co., today announced it has signed a definitive agreement with Mirant for the sale of CMS' 47.5 percent equity ownership interest in Toledo Power Co. in the Philippines for $10 million.

Consolidated Edison reports first quarter earnings
Consolidated Edison, Inc. reported net income for common stock for the first quarter of 2002 of $166.6 million or $.78 a share, compared with earnings of $179.1 million or $.84 a share for the first quarter of 2001.

Nova Scotia Power approves preferred share quarterly dividends
The Board of Directors of Nova Scotia Power Inc. today approved a quarterly dividend of $0.30625 per Nova Scotia Power Incorporated Series C First Preferred Share.

American Superconductor begins production test run of HTS wire
Company says its on track for commercial production by the end of 2002.

Urea-based SCR systems gaining steam
The urea-to-ammonia (U2A) system manufactured by Wahlco Inc. of Santa Ana, Calif., and developed by EC&C Technologies, offers an alternative to aqueous and anhydrous ammonia SCR systems.

FPL Group to purchase controlling interest in Seabrook
FPL Group, Inc. announced it has reached an agreement to buy a majority interest in the Seabrook Nuclear Generating Station from a consortium of owners.

Federally guaranteed terrorism insurance needed
Anti-Terrorist Operations Group advisor, Evans, and CEO, Buzzelli, discuss security and the power industry.

Williams completes sale of pipeline to Williams Energy Partners
Williams announced that it has closed the sale of Williams Pipe Line to Williams Energy Partners L.P. for $1 billion.

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