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Business 2003 P21



Reliant Resources names CEO, board members
Reliant Resources Inc. has named Joel V. Staff to continue serving as chairman of the board and CEO. The company has also elected several new board members.

Indus International promotes Gregory J. Dukat to president and COO
Indus International Inc., a provider of asset and customer management solutions, announced the promotion of Gregory J. Dukat to the new post of president and chief operating officer, effective immediately.

Capstone Turbine names Blackmer President Bosco to board of directors
Carmine F. Bosco, President of the Blackmer division of Dover Corporation, has been named to the board of directors of Capstone Turbine Corp., a microturbine power systems manufacturer.

Reliant Resources reports second-quarter loss of $28 million
Reliant Resources, Inc. reported a loss from continuing operations of $28 million, or $0.09 per share, for the second quarter of 2003, compared to income from continuing operations of $122 million, or $0.42 per share, for the same period of 2002.

ConocoPhillips acquires proprietary gasification technology from Global Energy Inc.
ConocoPhillips has completed a transaction with Global Energy Inc. to acquire patents and intellectual property associated with the company's E-GAS™ Technology for Gasification.

Semco Energy, Inc. names new construction division president and COO
SEMCO ENERGY Inc. has appointed Steven B. Hicks as president and Chief Operating Officer of the company's utility pipeline construction services subsidiary, EnStructure Corp.

INTESCO Global Energy, LLC to acquire AGC Manufacturing Services, Inc.
INTESCO Global Energy, LLC. of Valley Forge, Pennsylvania, has announced that it has entered into a final and definitive agreement to acquire all of the capital stock of American Gentor Corp., parent company of AGC Manufacturing Services, Inc. and AGC Project Management, Inc., both of Broken Arrow, Oklahoma, from GENTOR, S.A. de C.V., a Mexican company with headquarters in Monterrey, Mexico.

Sierra Pacific Resources reports operating loss of $15 million for second quarter
Sierra Pacific Resources on Friday reported an operating loss of $15 million for the second quarter of 2003, compared with operating income of $20 million in the same quarter of 2002.

Environmental Power Corp. announces board changes
Environmental Power Corp. announced the enlargement of its Board, the appointment of two new members and the resignation of Thomas M. Matthews.

American Resource Management, Inc. sells off subsidiaries to focus on energy-related companies and industry
American Resource Management, Inc. announced that it has sold its subsidiary, Promulch Services, Inc. to an investor group in the Southeast for $800,000.

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