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Business 2003 P17



Proton Energy Systems secures marketing agreement with Products of Technology
Two companies are combining their areas of expertise to form a partnership offering a wide range of on-site gas generation products to gas users worldwide.

Dutch competition authority sale of Reliant's European interests
Reliant Resources, Inc. announced today that the NMa, the Dutch competition authority that reviews acquisitions for compliance with antitrust laws, has announced that it will initiate a second-phase review of the proposed purchase by nv Nuon of Reliant Resources' European business.

Centrica forms joint venture to acquire offshore windfarm company
UK utility Centrica plc today announces that it has entered into a joint venture with DONG, the Danish energy group, and Statkraft, the Norwegian power company, to acquire Barrow Offshore Wind Limited (BOW), which has the rights to develop a 90MW offshore electricity windfarm in the East Irish Sea.

Frost & Sullivan recognizes Wood Group Power for successful growth strategy
Frost & Sullivan bestowed the 2003 Growth Strategy Award upon Wood Group Power Inc. for its clear vision of growth in the power market.

PSE&G president and COO Alfred C. Koeppe elected to NJR board
New Jersey Resources Corp. announced the election of Alfred C. Koeppe, retiring president and COO of PSE&G, to the company's board of directors.

Greg Boyce to join Peabody Energy as president and COO
Peabody Energy announced that it has named Gregory H. Boyce president and chief operating officer, reporting to Chairman and Chief Executive Officer Irl F. Engelhardt.

AES agrees restructuring agreement with BNDES
The AES Corporation said Monday it has entered into a memorandum of understanding with Banco Nacional de Desenvolvimento Economico e Social (BNDES) to restructure the outstanding loans owed to BNDES by several of AES' Brazilian subsidiaries.

SUEZ sells Nalco for $4.35 billion
SUEZ has concluded the sale of Nalco, its subsidiary specializing in chemical water treatment and industrial process water, to a consortium composed of the Blackstone Group, Apollo Management L.P., and Goldman Sachs Capital Partners.

Energy Transaction Repository announces technology progress
Energy Transaction Repository, a natural gas transaction data collection organization, has selected GlobalView Software's MarketView product and CapacityCenter's pipeline meter and shipper database.

Calpine sells partial interest in 150-MW Auburndale power plant
Calpine Corp. announced that it has completed the sale of a 70-percent interest in its Auburndale Power Plant to Pomifer Power Funding, LLC, a subsidiary of ArcLight Energy Partners Fund I, L.P. (ArcLight) for $86 million in cash.

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