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Business 2002 P50



Global Power Equipment Group elects two additional directors
Global Power Equipment Group Inc. announced the election of Adrian W. Doherty Jr. and Jerry E. Ryan to the company's board of directors.

Cinergy announces voluntary early retirement program
Cinergy Corp. announced that it is offering a voluntary early retirement program to approximately 280 employees as part of an effort to control costs.

OGE Energy Corp. names Peter B. Delaney executive vice president, CEO of unregulated businesses
OGE Energy Corp. has named Peter B. Delaney executive vice president of OGE Energy and chief executive officer of the company's unregulated subsidiary businesses.

H. Peter Burg named chairman and CEO of FirstEnergy
FirstEnergy Corp. announced that its Board of Directors named H. Peter Burg, 55, chairman and CEO of FirstEnergy, effective May 21.

Arthur Andersen pleads innocent to criminal charges in connection with Enron
Enron's former auditor pleaded innocent Wednesday to criminal charges of obstruction of justice by shredding documents and deleting files containing the failed energy giant's financial records.

Hartsoe named AEP vice president and associate general counsel
American Electric Power has named Joseph R. Hartsoe vice president and associate general counsel - federal policy.

Moody's outlook negative while NRC investigates Davis-Besse plant's problems
Moody's has changed the outlook of Cleveland Electric Illuminating Co. and Toledo Edison Co. to negative from stable based on the uncertainties surrounding the Davis-Besse nuclear plant outage.

Covanta Energy Corp. seeking additional bank waivers
Covanta Energy Corp. is discussing additional waivers with its creditors in light of its obligation to repurchase $105.5 million in shares.

Prebon Energy launches new coal desk
Prebon Energy announced Tuesday that it has established a new coal desk. The new desk complements Prebon Energy's position in the global oil, natural gas, and power markets.

NORIT Americas signs agreement to jointly develop mercury control market for coal-fired utilities
NORIT Americas and ADA-Environmental Solutions have entered into a market development agreement to jointly pursue the market for equipment and adsorbents to remove mercury from coal-fired boilers.

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