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Business 2003 P10



CMS Energy sells Southern Union stock for nearly $56 million
CMS Energy has sold for nearly $56 million the Southern Union common stock it received in the $1.8 billion sale of the CMS Panhandle Companies, the company announced.

Cogentrix Energy founder George T. Lewis dies
George T. Lewis, Jr., founder and Chairman-Emeritus of Cogentrix Energy, Inc. died Oct. 17 at his home after an extended illness.

Goldman Sachs to purchase Cogentrix
The Goldman Sachs Group Inc. announced that it has agreed to acquire 100% of the stock of Cogentrix Energy Inc., a privately held independent power producer based in Charlotte, N.C.

E.ON Subsidiary Powergen to acquire UK Midlands Electricity
E.ON's UK subsidiary Powergen has agreed terms for the acquisition of the British utility Midlands Electricity with its US owners, Aquila, Inc. and FirstEnergy Corp. and with the holders of approximately half of its outstanding bonds. The purchase price amounts to €1.637bn (£1.146bn).

AEP affirms plans for UK power plant sales
US generator American Electric Power Co. (AEP) said on Monday it intended to dispose of its two remaining UK power plants by the end of next year.

Exelon's Oliver D. Kingsley Jr., receives honor from the World Association of Nuclear Operators
Exelon's President and Chief Operating Officer Oliver D. Kingsley Jr., has received the WANO Nuclear Excellence Award -- presented on Oct. 14 in Berlin.

El Paso Corp. announces sale of interest in Portland Natural Gas Transmission System
El Paso Corp. announced that it executed an agreement to sell its 29.64-percent interest in Portland Natural Gas Transmission System (PNGTS) to TransCanada Corp. for approximately $56 million.

FirstEnergy Corp. names new Davis-Besse plant manager
FirstEnergy Corp. announced that Barry Allen has joined its FirstEnergy Nuclear Operating Co. subsidiary as plant manager at the Davis-Besse Nuclear Power Station, effective Oct. 31.

Allegheny Energy COO Jay S. Pifer to retire
Allegheny Energy Inc. announced that Jay S. Pifer, its Chief Operating Officer (COO), will retire Dec. 1.

ScottishPower re-appoints non-executive director
UK utility ScottishPower today announced the return of Philip Carroll to its Board as a Non-executive Director, five months after he temporarily resigned to help rebuild the infrastructure of post-war Iraq.

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