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Business 2002 P5



WSI adds EnvaPower's DemandIntelligence forecast to Energycast PowerTrader
EnvaPower Inc. and WSI have added EnvaPower's Seven-Day Load Forecast for the New England power market to the WSI Energycast® PowerTrader service.

Depth of British Energy losses revealed
Ailing UK nuclear power generator British Energy today reported a loss of £337m ($518m) for the six months to September underlining the extent of the financial crisis facing the group. It said that if agreement over its restructuring cannot be achieved then plans for its insolvency would be instituted.

ScottishPower's PPM completes Texas gas storage purchase
ScottishPower's PPM has completed the acquisition of the assets of Aquila Inc.'s Katy gas storage facility, two development opportunities and two other storage facilities, all in Texas.

Richard J. Rudden elected to North American Energy Standards Board
R.J. Rudden Associates Inc. announced Wednesday that its CEO Richard J. Rudden has been elected to the Board of Directors of the North American Energy Standards Board (NAESB).

UBS online trading system halted
UBS Warburg Energy on Tuesday halted trading at its online energy trading site, formerly known as EnronOnline, and told 380 employees that most of them will no longer have jobs in 60 days.

Michael Murry named president and CEO of Catalytica Energy Systems
Catalytica Energy Systems Inc. announced Wednesday the appointment of Michael Murry, a former Ballard Power Systems executive, as president, CEO and director.

Framatome ANP DE&S transfers interest in Duke Solar to Solar Roof International LLC
Solar Roof International LLC and Framatome ANP DE&S signed an agreement Wednesday for an acquisition and transfer of the Framatome interest in Duke Solar to Solar Roof.

Swagelok Co. earns N and NPT certificates for nuclear safety-related applications
Because it has earned American Society of Mechanical Engineering (ASME) N and NPT certificates, Swagelok Company can now offer fittings, valves, and other fluid system components for nuclear safety-related applications, enabling plant operators to simplify specification requirements and reduce engineering and quality assurance costs.

Refunding risk for European speculative grade borrowers is a growing concern
The growing number of fallen angels in Europe is contributing to high refinancing requirements for the next few years and is thus intensifying investors' and banks' focus on refunding risk for European speculative grade issuers of corporate debt, a new Special Comment by Moody's Investors Service says.

Capstone microturbines exceed 3 million operating hours worldwide
Capstone Turbine Corp. Tuesday confirmed it has documented nearly three million hours of aggregated runtime among its microturbine systems operating in North America and overseas.

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