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Industry News 2002 P32



U.S. natural gas prices rise 42.98% in April
Average U.S. monthly natural gas spot prices for April rose 42.98% from March, to $3.26/MMBtu, according to new data released recently.

Richard Drouin named Canadian Energy Person of the Year
Richard Drouin, Chairman of NERC's independent Board of Trustees, was named Canadian Energy Person of the Year by the Energy Council of Canada.

Bullish oil market could lift power prices
Despite regional generation capacity additions and a preventative maintenance season, a sustained rally in the oil markets could significantly strengthen power prices this summer, a report states.

Foster Wheeler plans to appeal California verdict
Foster Wheeler Ltd. said it intends to move to set aside a verdict returned by a San Francisco jury on March 26, 2002 finding Foster Wheeler liable for $10.6 million.

PPL's Susquehanna nuclear plant receives OSHA kudos
PPL's Susquehanna nuclear plant has received a top federal safety award for its outstanding health and safety programs.

AWEA applauds FERC's treatment of wind in wholesale markets
Wind energy should benefit substantially from a ruling issued March 27 by the Federal Energy Regulatory Commission (FERC) providing fair access to utility transmission lines in California, according to the American Wind Energy Association (AWEA).

World's first fuel cell-gas turbine hybrid now operating in California
Secretary Abraham joins Siemens Westinghouse, Southern California Edison in announcing start-up of high-efficiency power system.

Florida could face looming power crisis, according to study
Florida is an electricity crisis waiting to happen, according to William P. Kucewicz, editor of GeoInvestor.com. In a new study released today, Kucewicz points to a number of danger signs in the Florida's electric power infrastructure.

Edison Award finalists announced
Four electric companies have been nominated as finalists by the Edison Electric Institute (EEI) for the Edison Award for their unique solutions to management and environmental challenges.

Dynegy joins Tradespark electronic energy marketplace
Dynegy Inc. has become a partner in TradeSpark, L.P., a electronic marketplace for trading energy products.

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