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Industry News 2002 P1



Huaneng Power International Inc. will have development support from the restructured Huaneng Group
Huaneng Power International, Inc. recently announced that it will continue to have full support from the restructured China Huaneng Group (Huaneng Group).

PSI proposes rate increase for environmental projects, new power supplies, system improvements
PSI Energy filed a petition with Indiana utility regulators for a rate increase that, if approved, will have an estimated average impact of 16-19 percent on customer electric bills.

Salt caverns offering high-deliverability storage to natural gas industry
The days when natural gas companies injected gas all summer and withdrew all winter are history, one industry member asserts.

Nuvera Fuel Cells reaches agreement with BWT AG to develop new high-temperature membrane
Nuvera Fuel Cells Inc. and BWT AG have announced an agreement to develop a new polymeric membrane suitable for "industrial" fuel cell applications.

U.S. should rejoin international fusion program, report says
The U.S. should rejoin an international effort to build a fusion experimental reactor, asserted the Burning Plasma Assessment Committee of the National Research Council in a report.

Western Europe's pace of credit decline not likely to improve dramatically in 2003 after continued decline in 2002, Moody's says
The pace of credit deterioration in western Europe has been slightly faster during 2002 than in 2001 and is not likely to improve dramatically in 2003, Moody's predicts.

Holiday lights cause U.S. demand for power to grow 5 percent
The annual ritual of stringing up holiday lights around homes and businesses throughout the nation is estimated to increase the U.S. appetite for electric power by at least five percent each December, the Edison Electric Institute said Thursday.

Fitch releases annual electric utility competitive operating statistics
Fitch Ratings has published its annual electric utility competitive operating statistics.

FERC judge dismisses Nevada contract case against Allegheny Energy Supply
Allegheny Energy Supply announced that a FERC administrative law judge has dismissed a complaint by Nevada utilities against the company.

ADB to lend $300m to Indonesia for power market
The Asian Development Bank said on Friday it would provide over $300m in loans and grants for Indonesia's energy sector.

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