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Business 2003 P39



Calpine receives $105.5m from Aquila to end tolling agreement
US power company, Calpine Corporation today announced that it has received $105.5m following completion of a contract monetization and a restructuring of its interest in Acadia Power Partners, LLC (Acadia).

Share buyback accompanies International Power's Q1 figures
UK-based independent electricity generating company International Power (IP) today announced its financial results for the three-month period ended 31 March 2003 reporting an operating profit of £75m compared with £107m for the period last year and announcing the intention to proceed with a share buyback.

GE's acquisition of Jenbacher closes
GE Power Systems announced the successful completion of its acquisition of Jenbacher AG of Austria, a global manufacturer of reciprocating engines for power generation.

Reliant Resources reaches agreement with SEC
Reliant Resources Inc. has entered into a settlement with the U.S. Securities and Exchange Commission that brings to a close the SEC's investigation of the company into allegations of violations of federal securities laws.

Innogy buys Ingenco technical services business
Innogy plc, the UK utility subsidiary of Germany's RWE, announced Friday the acquisition of the Technical Services business of Ingenco, whose core business is supplying engineering services to the power and related industries.

Vivendi Environment changes name to Veolia
The French water company formally known as Vivendi chose last week's POWER-GEN Europe conference and exhibition to make public its new name change. The new company name change is only six days old and will now be known as Veolia Environment.

Foster Wheeler announces first-quarter financial results
Foster Wheeler Ltd. has reported a net loss for the first quarter of 2003 of $19.8 million, or $0.48 per share diluted, compared to a net loss of $176.1 million, or $4.30 per share diluted, for the same quarter last year.

Entergy Corp. names former Secretary of Labor Alexis Herman to board
Entergy Corp. announced the election of Alexis Herman to its board of directors.

Galaxy Energy will acquire Pannonian International shares
Galaxy Energy Corp. has agreed to issue two million of its shares to the shareholders of Pannonian International Ltd. in exchange for all of the outstanding shares of Pannonian.

Manhattan Scientifics licenses fuel cell patents to Ballard
Manhattan Scientifics Inc. announced that the company has issued a non-exclusive, patent license of its NovArs mid-range fuel cell technology to Ballard Power Systems (BLDP).

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