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Business 2003 P2



NorthWestern elects Schrum vice president of Human Resources and Communications
The Board of Directors of NorthWestern Corp. has announced that Roger P. Schrum has been elected Vice President of Human Resources and Communications, effective immediately.

GE, Brush sign turbogenerator service agreement for North America
GE Power Systems and Brush Electrical Machines Limited of the U.K. have announced a turbogenerator service agreement for North America.

Deadline approaches for AES, BNDES debt settlement
The Monday deadline is approaching for AES to resolve the outstanding legal issues, which are preventing the establishment of a debt deal with Brazil's BNDES development bank, and matters remain unresolved. The $1.2bn deal was negotiated after AES defaulted on a number of payments to BNDES this year.

GFI to operate through Germany's EEX
European energy broker, GFI Group Inc. ("GFI"), and the European Energy Exchange AG ("EEX"), the continental energy exchange with the largest number of participants, have announced today that GFI has joined EEX in its move to offer a clearing solution for Over-The-Counter electricity transactions.

Babcock Power Inc. announces credit facility increase
Babcock Power Inc. announced that its revolving credit facility has increased by 60 percent to $40 million to provide additional flexibility to the company's financial position supporting growth prospects in fiscal year 2004.

U.S. Bankruptcy Court approves PG&E's plan of reorganization
The U.S. Bankruptcy Court issued a decision finding that PG&E Corp. and Pacific Gas and Electric Co.'s plan of reorganization is legal and confirmable.

Entergy promotes Senac to vice president of Power Plant Operations
Entergy, an integrated energy company serving over 2.6 million regulated customers in Arkansas, Louisiana, Mississippi, and Texas, has announced the promotion of Etienne Senac, Jr. to Vice President of Power Plant Operations.

E.ON to consolidate after rapid growth
Germany's largest power group, E.ON. is planning to spend &euro13.8bn over the next three years on integration and consolidating its business following several years of rapid growth, it said Friday.

AES completes sale of two businesses in Bangladesh in a transaction valued at about $448 million
The AES Corp. has completed sale of 100% of its ownership in two generation businesses in Bangladesh in a transaction valued at $448 million.

GE's new medium-speed diesel engine generator sets suitable for power generation and mechanical drive applications
GE Marine & Stationary Power (M&SP) now offers three medium-speed diesel engines that are especially suitable for power generation and mechanical drive applications.

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