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Business 2003 P19



NYISO announces two key positions
The New York Independent System Operator, recognizing a need to realign its organization with changes in the energy industry, announced the newly created position of Vice President & Chief Administrative Officer, and a new Vice President & Chief Financial Officer.

Bewag integration with Vattenfall Europe complete
The merger of Bewag Holding AG with Vattenfall Europe AG has been finalised following registration in the German trade register on 27 August 2003.

EPM rescues Colombian power companies
Columbia's Empresas Publica de Medellin (EPM) has bought majority interests in two troubled electricity company in the country's coffee growing region according to an announcement from the Ministry of Mines and Energy Wednesday.

VRB confirms fund raising
VRB Power Systems Inc. announced Wednesday that it has negotiated, subject to regulatory acceptance, a non-broker convertible debenture for $5m.

TECO Power Services to sell Hardee Power Station
TECO Energy's TECO Power Services subsidiary has signed an agreement to sell its interest in the 370-MW Hardee Power Station in Florida to GTCR and Invenergy for $115 million and the assumption of all outstanding project-related debt.

Pinnacle West Energy sells gas storage interest to El Paso Natural Gas
Pinnacle West Energy has sold its 50 percent interest in the proposed Copper Eagle Gas Storage project to El Paso Natural Gas Co.

Nordpool raises power trading margins
Nord Pool Clearing yesterday released a statement notifying an increase in margins for financial electricity contracts, due to increased volatility over the past weeks.

MMC in talks to raise funds for six to eight UK power stations
MMC is in talks with its capital partners to raise the funds necessary to capitalize a UK asset recovery vehicle (ARV) to acquire between six and eight gas and coal-fired UK power stations.

Caterpillar and Eaton Corp. team to provide fully integrated electric power distribution system
Caterpillar Inc. and Eaton Corp. announced a joint venture to provide a total systems approach to integrated, reliable electric power solutions for customer needs.

Solar tower set for US development
US based SolarMission Technologies, Inc (formerly trading as Energen Global Inc), is set to expand development of Solar Tower technology into the US.

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