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Business 2003 P26



FENOC president Robert Saunders to retire; Gary Leidich to head FENOC
FirstEnergy Corp. announced that Robert F. Saunders, president and chief nuclear officer of its FirstEnergy Nuclear Operating Co. (FENOC) subsidiary, has elected to retire, effective February 1, 2004.

E.ON announces Powergen board changes
Just over a year after E.ON's acquisition of UK energy supplier, Powergen, the German utility has announced that it had "nearly completed the integration process".

Arch Coal to invest $1.3 million in ADA-ES
ADA-ES, Inc. has signed a $1.3 million Securities Subscription and Investment Agreement with Arch Coal Inc., subject to completion of the spin-off of ADA-ES and other conditions.

Calpine confirms $97 million settlement with Enron
Calpine Corp. confirmed that it has reached a preliminary agreement with Enron Corp. to settle the termination of certain natural gas and electricity contracts between Calpine and Enron affiliates.

Douglas L. Foshee elected El Paso Corp.'s president and CEO
El Paso Corp. on Wednesday announced that its Board of Directors has elected Douglas L. Foshee to serve as President, CEO, and a director of the company.

Electrabel to raise CNR stake
Belgian utility Electrabel said on Wednesday it will acquire the 22.22 per cent stake in Compagnie Nationale du Rhone held by Electricité de France, raising its stake to 47.82 per cent.

Egyptian Electricity secures €150m EIB loan
The European Investment Bank (EIB), the EU's financing institution, has agreed to loan €150m to the Egyptian Electricity Holding Company (EEHC) for construction of the second module for the Nubariya power plant.

Mirant names Robert Dangremond chief restructuring officer
Mirant announced Wednesday that its board of directors has elected Robert N. Dangremond as chief restructuring officer.

California Energy Commission evaluates impact of distributed generation on utility grid
As part of a two-year research and development study to evaluate the effects of distributed generation on the California utility grid, the California Energy Commission (CEC) has contracted Reflective Energies to monitor up to a dozen generation and interconnection sites throughout the state.

El Paso Corp. announces preliminary vote tally
El Paso Corp. on Tuesday announced that the preliminary tabulation of votes prepared by the independent inspector of election shows El Paso shareholders voted to elect all 12 of the Board of Directors' nominees at El Paso's June 17, 2003 Annual Meeting.

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