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Business 2003 P20



EU OK's RWE - MTU fuel cells JV
The European Commission said on Thursday it had approved plans by RWE Fuel Cells for a joint venture with DaimlerChrysler's 's MTU to develop, produce and sell fuel cells.

Acquisition closing date set for Kenansville power facility
Green Power Energy Holdings Corp. confirmed that the company and Cogentrix of North Carolina, Inc. have agreed to December 15, 2003 as the "closing date" for the acquisition of the Kenansville, North Carolina power facility.

NorthWestern's board elects Gary G. Drook president and CEO
The Board of Directors of NorthWestern Corp. has announced the election of Gary G. Drook as President and Chief Executive Officer.

NRG Energy Inc. signs agreement to sell McClain Generating Station
NRG Energy Inc.'s affiliate, NRG McClain LLC, has reached an agreement to sell its 77 percent interest in the McClain Generating Station to Oklahoma Gas & Electric Co., a subsidiary of Oklahoma City-based OGE Energy Corp.

S&P improves EdF Energy rating but downgrades parent
Standard & Poor's Ratings Services said Tuesday that it has revised its outlook to stable from negative on UK electricity utility EdF Energy PLC (formerly London Electricity Group PLC) and related entities, including EdF Energy Networks (EPN) PLC, EdF Energy Networks (LPN) PLC, and EdF Energy Networks (SPN) PLC.

FirstEnergy Corp. defends its system as shares plunge on stock market
With service restored to its customers, FirstEnergy Corp. said it is collecting and analyzing data regarding the system, and would expect that the same effort is under way at utilities and regional transmission operators across the region.

New York group joins bidders for Drax share
The New York-based energy investment group Miller, Hutchison, Christen & Waffell (MMC) has said it will bid for a share in the Drax power station, which is being sold off by its creditors.

Powerspan closes $20 million in new financing
Powerspan Corp., a clean energy technology company, announced the first closing of $20 million in new financing from a group of investors.

Black & Veatch announces the creation of its generation portfolio management business practice
Black & Veatch has announced the creation of its Generation Portfolio Management (GPM) business practice, which provides comprehensive solutions to help clients maximize the benefits of generation asset ownership in the overbuilt U.S. energy market.

Camfil Farr opens expanded facility for manufacture of containment products
Camfil Farr has opened a new 130,000 sq. ft. facility in Washington, N.C., for the manufacture of filter containment systems.

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