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Business 2003 P33



AES to retain Georgian power interests
US energy company AES, which has owned 75 per cent of shares in the Georgian electricity distribution company Telasi for five years, does not plan to sell them to Unified Energy Systems of Russia, a source in the AES Tbilisi told the Interfax news agency.

Competitive Technologies to be agent for new combustion pollution abatement process
Under a new agreement, Competitive Technologies Inc. will be the agent for Novacon Energy Systems Inc.'s process for reducing pollutants from the burning of coal, wastes, petroleum and other fuels.

TransAlta Power, L.P. acquires interest in Calgary, AB, power plant
TransAlta Power L.P. announced that it will acquire a 25 percent interest in the two-unit, 756-MW coal-fired Sheerness Generating Station located 200 kilometres northeast of Calgary, Alberta for $315 million through its 49.99 percent interest in TransAlta Cogeneration, L.P.

Fuel-Tech N.V. enters into a strategic agreement with Peabody Energy
Fuel-Tech N.V. has a new agreement with Peabody Energy to work together on a case-by-case basis to market the company's Targeted-In-Furnace Injection technology to units using high sodium coals.

RWE to rationalise units
German multi-utility RWE AG plans to cut the number of its units to seven from 13 with a new structure to be discussed at an extraordinary supervisory board meeting on June 26 and implemented from Oct. 1, according to a report in the German newspaper Westallgemeine Zeitungs.

Falcon Gas Storage expands technical and storage development expertise
Falcon Gas Storage Co. Inc. has expanded its storage development team, boosting the company's ability to develop, manage and operate multiple natural gas storage facilities and development projects.

Investorideas.com features new research tools and investor resources in renewable energy, homeland security, nanotechnology
ECON Corporate Services (ECON) http://www.Investorideas.com has launched its new research and investor resource pages Homeland Security and Defense and Renewable Energy.

Grossholz to lead Universal Silencer - Europe
Universal Silencer, Inc. (USI), a designer and global supplier of noise control and air filtration products, has named Michelle C. Grossholz as Director-Europe at its newest global location in Hinckley, England.

OGE Energy Corp. treasurer Eric Weekes resigns
Citing family issues, Eric B. Weekes announced he will resign as treasurer of OGE Energy Corp. effective July 31.

Steve McKeon to retire at year's end as Puget Energy and Puget Sound Energy senior vice president, finance and CFO
Puget Energy Inc. announced the upcoming retirement of Senior Vice President, Finance and CFO Steve McKeon, who helped the company complete a successful gas and electric utility merger and navigate the west coast energy crisis.

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