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Business 2003 P35



Dynegy president and CEO highlights self-restructuring progress
At the annual meeting of shareholders Thursday, Dynegy Inc. President and CEO Bruce A. Williamson provided an update on the company's business direction for 2003 and beyond.

DEP deputy secretary joins PPL
Christine M. Martin, deputy secretary for water management in Pennsylvania's Department of Environmental Protection, will join PPL Corp. June 29 as the company's Pennsylvania Manager of State Government Relations.

Two units of NRG Energy file for bankruptcy
Two units of NRG Energy Inc. are seeking to follow their parent company into Chapter 11 bankruptcy protection.

Huaneng plant acquisitions agreed
The board of China's Huaneng Power International agreed Thursday to the RMB 550m acquisition of the equity interests and assets of three power plants from China Huaneng Group Corporation.

Peabody Energy's North Antelope Rochelle Mine ships industry-record 7.1 million tons of coal in May
Peabody Energy announced that its North Antelope Rochelle Mine shipped 7,076,658 tons of coal in May 2003 -- a new monthly record for a North American coal mine.

Moody's upgrades the debt ratings of the Williams Companies Inc.
Moody's Investors Service upgraded the debt ratings of The Williams Companies (TWC) and its subsidiaries.

Gamesa buys Made from Endesa for €120m
Spanish wind turbine company Grupo Auxiliar Metalurgico SA (Gamesa) said Wednesday it has agreed to acquire Made Tecnologias Renovables, the wind turbine manufacturing unit of electricity company Endesa SA in a deal worth €120m.

Exelon Generation selects ESG for retail market services
Exelon Generation Co., LLC recently entered into an agreement with Massachusetts-based Energy Services Group, Inc. (ESG) for retail power marketplace transaction and trading partner management services in Texas, which will be utilized for its Texas retail subsidiary, ExTex Retail Services Company, LLC.

ISS recommends El Paso Corp. shareholders elect Zilkha/Wyatt slate of nominees
Institutional Shareholder Services' (ISS) has recommended the election of the Zilkha/Wyatt slate of nominees at the company's annual meeting of shareholders on June 17.

Patent application published on new pulverized coal pressurized gasifier
A new gasifier invention application has just been published at the U.S. Patent and Trademark Office (USPTO).

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