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Business 2003 P16



Allegheny Energy Supply makes initial payment to terminate tolling agreement with Williams
Allegheny Energy Supply Company, LLC, a subsidiary of Allegheny Energy, Inc., and its Allegheny Trading Finance (ATF) unit on Thursday paid the initial $100-million installment under an agreement to terminate its 1,000-megawatt (MW) tolling agreement with Williams Power Company, Inc., a unit of Williams.

Former Merrill Lynch execs charged in Enron case
Three former Merrill Lynch & Co. executives have been charged in federal court with fraud in connection with an Enron deal for power plant barges in Nigeria.

EC&C obtains permanent injunction against Environmental Elements
EC&C Technologies Inc. has obtained a permanent injunction against Environmental Elements Corp. with regard to EC&C Technologies' U.S. Patent 6,077,491.

Marubeni to market propane-powered fuel cells in 2005
Japan's Marubeni Corporation plans to start full-scale sales of propane-powered fuel cells in 2005. The company is a sales agent for the fuel cells produced by Plug Power Inc. after forging an alliance with the US firm in September 2002.

GE expands its Marine & Stationary Power organization
GE Transportation Systems' Marine & Stationary Power (M&SP) business recently expanded its worldwide sales and support organization.

Aquila chairman outlines initiatives to bolster economic development and improve energy supply in Missouri
Aquila Inc. Chairman and CEO Richard C. Green, Jr., on Tuesday urged utility executives, regulators and state legislators at the Missouri Chamber of Commerce's fourth annual Energy and Utility Conference to create an environment of certainty and robust energy supply that will drive economic development and protect Missouri energy consumers from disruptions in long-distance transmission.

Aquila sells Canadian interests to Fortis for $990m
Kansas City-based power and gas utility,Aquila, Inc., announced Monday that it has reached an agreement to sell its Canadian utility operations for CDN$1.36 bn ($990m), including the assumption of debt but excluding closing adjustments.

Consolidated Energy completes acquisition of Eastern Consolidated Energy
David Guthrie, President and CEO of Consolidated Energy Inc. announced the signing of an acquisition agreement with Eastern Consolidated Energy, Inc. (ECEI), a private Kentucky Corp.

NorthWestern Corp. files for Chapter 11 reorganization
NorthWestern Corp. has filed a voluntary petition for relief seeking to reorganize under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware to facilitate a financial restructuring of the company.

Kuester to lead Wisconsin Energy Corp. generation group
Rick Kuester, currently senior vice president - International of Mirant Corp. and CEO of Mirant Asia-Pacific Ltd, has been named president and CEO of We Generation, Wisconsin Energy Corp.'s electric generation group.

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