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Industry News 2002 P10



Gexa Energy surpasses 20,000 customers
Oct. 18, 2002--Gexa Energy Corp. (OTCBB:GEXC), one of the fastest growing retail electric providers in Texas, reported today that it had surpassed 20,000 customers in its first nine months of operations.

Fortis Inc. closes agreement to acquire Cornwall Electric
Oct 18--Fortis Inc. (TSX:FTS) announced today it has closed a transaction with Enbridge Energy Distribution Inc. ("Enbridge") to acquire Enbridge's 100 per cent interest in Cornwall Street Railway Light and Power Company Limited

Industry group lauds Chicago Solar Partnership site as 'outstanding web site'
The 2002 Web Marketing Association annual competition on October 1, 2002 recognized the Chicago Solar Partnership web site as 'Outstanding Web site.'

550-W Cogeneration facility will provide long-term supply of power and steam to Citgo refining
Oct. 17--Calpine Corporation the San Jose, Calif.-based independent power producer, announced today that its Corpus Christi Energy Center in Corpus Christi, Texas has entered operations.

Henwood forecasts low electric prices and high reserve margins near-term but rapidly rising expected prices mid-term
The Midwest power market is characterized by a regional capacity overbuild, low prices, and the rapid evolution of the gigantic Midwest ISO, a forecast report shows.

ALSTOM joins DOE to develop new coal combustion technologies
ALSTOM is participating in two U.S. Department of Energy-sponsored programs to develop and test new and more efficient coal combustion technologies.

Analysis recommends peakers can be used as a step toward re-powering
A new study from the Center for Management Analysis suggests energy planners look at the future in addressing energy concerns on Long Island.

IEEE approves standards for compensation devices for voltage changes and substation grounding
The IEEE Standards Association's Standards Board has approved two power generation standards: one for electronic devices that compensate for voltage fluctuations and the other that revises a standard for temporary grounding in substations.

OG&E agrees to $25 million annual rate cut
In a settlement announced Friday by OG&E Electric Services, the Oklahoma Corporation Commission staff, the state Attorney General and others, OG&E customers would receive a $25 million annual reduction in their electric rates.

Electricity prices on the rise in southwest, mid-continent regions
Weather changes combined with rising natural gas prices led to higher electricity prices in the Southwest and mid-continent regions, EIA reported Thursday.

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