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Business 2002 P49



Calpine names Robert D. Kelly CFO
Calpine Corporation, the nation's independent power company, today announced the promotion of Robert D. Kelly to executive vice president and chief financial officer, succeeding Ann Curtis, who was promoted to vice chairman of the corporation.

KFx reports 2001 preliminary unaudited results
KFx Inc. today reported preliminary unaudited results for 2001. The estimated 2001 consolidated net loss of $14,834,000 ($.57 per share) compares to a 2000 net loss of $12,290,000 ($.49 per share).

NRG Energy announces loss for first two months of 2002
NRG Energy, Inc. today said it recorded a loss of $29 million, or approximately 14.5 cents per share, for the first two months of 2002.

American Superconductor announces restructuring
Action will streamline organization and reduce operating costs as company drives to commercialize its technology and products.

Balaton Power completes acquisition of hydropower sites
Balaton Power USA Inc. has acquired title to hydropower sites in the state of Washington totaling approximately 70 MW of power production capacity.

Cleco Corp. to acquire Mirant's share of La. power project
Cleco Corp. and Mirant announced that the companies have signed an agreement in which Cleco will buy Mirant's 50 percent interest in the 725-megawatt power plant the companies are building in northeast Louisiana.

Mitsubishi Power Systems inaugurates Orlando service center
Mitsubishi Power Systems recently dedicated its new Turbine Service and Component Manufacturing Center in Orlando, Fla.

New leadership at Schott Applied Power Corp.
The Board of Directors of Schott Applied Power Corporation (SAPC) announced the appointment of Thomas J. Starrs as President of SAPC.

Progress Energy subsidiary closes generation portfolio financing
Progress Ventures Inc., a wholly owned subsidiary of Progress Energy announced Thursday that it closed on a $440 million generation project portfolio financing.

Beacon Power to restructure operations
Beacon Power Corp., a company which designs, develops and sells flywheel-based power systems, has announced the first steps in restructuring its operations.

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