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Business 2003 P32



Georgia Power names Harreld to CFO post
C.B. (Mike) Harreld has been named chief financial officer for Georgia Power Co., effective June 30, 2003.

Prime buys Hunter Valley power station
The operator of Australia's second biggest coal terminal, Prime Infrastructure, has acquired a 50 per cent stake in the Redbank power station in the Hunter Valley for A$27.5m ($18.26m).

Rio Grande Electric adopts satellite asset monitoring
Rio Grande Electric Co-operative, Inc. (RGEC) now uses satellite communications to monitor energy conditions across its rural energy distribution network. As part of its new enterprise energy management system, the Texas-based electric utility identified satellite as the most cost-effective way to communicate with the intelligent energy meters being installed at the company's remote substations.

Newly launched maintenance services designed for turbines and generators worldwide
GE Power Systems is launching a comprehensive range of maintenance services for gas and steam turbine and generator outages.

Lenenergo signs loan agreement with EBRD
General Director of Lenenergo Andrey Likhachev and President of the European Bank of Reconstruction and Development Jean Lemierre signed today a $40m loan agreement at the company's St Petersburg headquarters.

Inovision hits $1 billion mark in efforts to repurchase debt
InoVision, A Marlin Co. LLC, a provider of after collection solutions for utilities in the country, announced that it has hit the $1 billion mark in the area of purchasing debt at face value from investor owned utilities in the United States, Canada and Puerto Rico.

El Paso shareholders reject rival board proposal
The fight to reorder the board of El Paso Corporation has ended in an unsuccessful bid by dissident Selim Zilkha to sway shareholder votes.

CH2M Hill and ADA Technologies, Inc., to commercialize technology to control power plant mercury emissions
CH2M HILL and ADA Technologies Inc. have formed Amended Silicates, LLC, to commercialize a sorbent technology to control mercury emissions from coal-burning power plants.

Moody's downgrades Duke Energy to Baa1 from A3
Moody's has downgraded Duke Energy Corp.'s long term debt ratings, including its senior secured first mortgage bonds to A3 from A2, and its senior unsecured debt to Baa1 from A3.

Williams closes $1.1 billion sale, divests interest in Williams Energy Partners
Williams announced it has completed the sale of its 54.6 percent ownership interest in Williams Energy Partners L.P. in a $1.1 billion transaction.

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