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Business 2003 P22



Alvin Snaper joins Capstone International Corp.
Capstone International Corp. announced that it has signed an agreement with inventor Alvin Snaper under which Snaper will chair the CITC Advisory Board and lead Capstones' Green Energy Power Generation program.

FirstEnergy restatement of financial results for two units to include 2000
FirstEnergy announced that it will restate the financial results of two of its subsidiaries, Cleveland Electric Illuminating (CEI) and Toledo Edison (TE), for the years 2002, 2001 and 2000.

GE develops new service agreement program for steam turbine plants
GE Power Systems is expanding its Contractual Service Agreement (CSA) program to include CSAs specifically designed for steam turbine facilities worldwide.

Capstone Turbine names John Tucker CEO
Capstone Turbine Corp., a microturbine power systems manufacturer, has announced that it has named John Tucker as its new Chief Executive Officer.

Volt Inc. acquires Wolverine Power Corp.
VOLT Inc. announced that it has purchased all the outstanding shares of Wolverine Power Corp. for cash and preferred stock.

FuelCell Energy to acquire Global Thermoelectric for US$80 million in stock
FuelCell Energy will acquire solid oxide fuel cell developer Global Thermoelectric Inc. in an all-stock deal announced recently.

Calpine sale increases liquidity and volatility
Standard & Poor's Ratings Services concludes that Calpine's announced plan to sell its unconsolidated, 50% interest in the 240-MW Gordonsville Power Plant to Dominion Virginia Power will slightly strengthen liquidity at the expense of some long-term revenue stability.

Caterpillar announces sale of power generation equipment to Illinois City
Caterpillar Inc. has announced the sale of five of the company's largest gas-fired engines to supply energy for a new electrical power plant in Geneva, Illinois, located 40 miles west of Chicago.

San Roque and Besos plants celebrate first year anniversary
ENDESA's 400 MW CCGT's in San Roque (Cadiz) and San Adrian del Besos (Barcelona) turned one year since they started commercial operations in the mainland electricity market.

Calpine to sell interest in 240-MW Gordonsville power plant
Calpine Corp. has announced plans to sell its unconsolidated, 50-percent interest in the 240-megawatt Gordonsville Power Plant to Dominion Virginia Power, an affiliate of Dominion.

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