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Business 2003 P29



MEP Pleasant Hill defaults on Aries Power Project construction loans
MEP Pleasant Hill, LLC, in which Aquila holds a 50 percent interest, was unable to refinance or repay $270 million of construction loans prior to their June 26 maturity and accordingly has defaulted.

Toshiba starts international power plant repair service
Japan's Toshiba Corporation has launched a business that will repair and upgrade the power generation plants of overseas power companies. The new business will also repair and upgrade equipment installed by competing manufacturers.

EnBW finance chief departs over unexpected risks
The chief financial officer of German utility EnBW Energie Baden-Württemberg AG has resigned following the discovery of potential risks of more than €800m ($919m) in the companies books.

BNFL Appoints Michael Parker as Chief Executive
BNFL has announced the appointment of Michael Parker, former head of Dow Chemicals, as Group Chief Executive following the announcement that Norman Askew was to resign.

Thomas D. Clark Jr. elected to Dynegy board of directors
Dynegy Inc. announced that Thomas D. Clark, Jr. has been elected as an additional member of the company's board of directors.

British Energy sheds jobs
British Energy, the troubled nuclear power generator, is to merge two of its office complexes with the loss of 80 jobs.

John F. Paul named CEO of RealEnergy Inc.
RealEnergy, Inc., a combined heat and power (CHP) onsite energy generation company, announced Wednesday that John F. Paul, a veteran power industry executive, has joined the company as Chief Executive Officer.

ACC approves UniSource Energy's purchase of gas and electric assets from Citizens Communications
The Arizona Corporation Commission voted 4-0 Tuesday to approve UniSource Energy Corp.'s purchase of Arizona gas and electric system assets from Citizens Communications.

Enron, creditors reach tentative agreement
Enron announced that it has reached a tentative agreement with its creditors and requested a short extension until July 11 to file the company's reorganization plan.

Crowell to head UAI finance and corporate strategies committee
Former Tennessee Valley Authority Chairman Craven Crowell has been appointed chairman of UAI's board committee for Finance and Corporate Strategies.

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