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Business 2002 P8



AREVA opens a new office in Washington D.C.
AREVA Enterprises Inc. , the US subsidiary of the AREVA group headquartered in Paris, France, has officially opened its doors in Washington D.C.

Dynegy names Nick J. Caruso executive vice president and CFO
Dynegy Inc. Monday announced that Nick J. Caruso has been named executive vice president and chief financial officer effective immediately.

RMT introduces SmartBurn
According to RMT, Inc., the company is changing the future of coal-fired boilers for industry and utilities with the introduction of SmartBurn.

PSEG comments on trader resignation
Public Service Enterprise Group (PSEG) said that rumors in the financial marketplace that the head of its energy trading business had resigned were incorrect.

Energy West declares dividend, elects directors
ENERGY WEST Incorporated (Nasdaq: EWST - News), a natural gas, propane and energy marketing company serving the Rocky Mountain area, today announced that the Board of Directors of ENERGY WEST on November 21, 2002 declared a dividend in the amount of 13.5 cents per share.

Allegheny Energy subsidiaries receive extensions
Allegheny Energy, Inc. (NYSE: AYE - News) announced today that its subsidiaries, Allegheny Energy Supply Company, LLC, and Allegheny Generating Company, have received extensions on waivers from bank lenders under their syndicated credit agreements.

SatCon power conditioning system passes requirements for "rule 21"
SatCon Technology Corp.'s Power Conditioning System for on-site power generation has been found to be compliant with the requirements of several interconnection standards, including Rule 21.

TXU closes $750 million issuance
TXU Energy Co. LLC, on Friday closed its previously announced issuance of $750 million of exchangeable subordinated notes due 2012.

Moody's downgrades debt ratings of El Paso Corp.
Moody's Investors Service downgraded the debt ratings of El Paso Corporation (EP, senior unsecured debt from Baa3 to Ba2) and its subsidiaries. Moody's also assigned a senior implied rating of Ba1 to EP.

Westar Energy announces new CEO
Westar Energy Inc. on Saturday announced the election of James S. Haines, Jr. as director, chief executive officer and president of the company, effective Dec. 9, 2002.

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