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Business 2003 P31



TVA board appoints Michael E. Rescoe CFO and executive vice president, financial services
TVA has announced the appointment of Michael E. Rescoe as chief financial officer and executive vice president of financial services, effective July 9.

Williams and Enbridge Energy Partners agree to terminate deal
Williams and Enbridge Energy Partners, L.P. announced that they have mutually agreed to terminate an agreement for the sale by Williams of certain South Texas natural gas transmission lines to Enbridge Partners.

Peter Katz named Constellation Generation Group senior vice president - Nine Mile Point Nuclear Station
Constellation Energy Group announced that Peter Katz has been named senior vice president of the company's Constellation Generation Group with responsibility for the Nine Mile Point Nuclear Station in Scriba, New York.

FPL Group names Armando Olivera president of Florida Power & Light Co.
FPL Group, Inc. announced Tuesday the appointment of Armando Olivera to serve as president of its principal subsidiary Florida Power & Light Company. Olivera, 53, had previously served as senior vice president of power systems for the Florida-based utility.

Moody's reviewing Pacific Gas and Electric Co. for possible upgrade
Moody's may upgrade the ratings of Pacific Gas and Electric Co. after news of a proposed settlement between Pacific Gas and Electric Co., its parent PG&E Corp., and California utility regulators.

Leverett named CFO of Wisconsin Energy Corp.
Wisconsin Energy Corp. announced that Allen L. Leverett, currently chief financial officer of Georgia Power Company, a subsidiary of Southern Co., has been named chief financial officer of Wisconsin Energy Corp.

Calpine receives bank approval on new, two-year, $950 million working capital revolver
Calpine Corp., a North American power company, announced that it has reached agreement with its bank group on a term sheet for a new, two-year, $950 million secured working capital revolver.

Peru reaches deal with region on sale of Yuncan plant
Peru's central government and the regional authorities in the department of Pasco said late Friday they had reached a deal on how to proceed with the privatization of a 30-year concession for the Yuncan hydroelectric plant.

BNDES to meet with AES over $1.2bn debt
Brazil's development bank, BNDES, has scheduled a new meeting with AES Corp. Thursday to discuss the US power group's $1.2bn debt with the federally controlled bank.

Suez ups Electrabel interest
French utility group Suez has increased its holding in Belgian power company Electrabel with share purchases in the last month.

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