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Business 2003 P40



Decisions pave way for Williams' reserve growth in Rockies
Two regulatory decisions have paved the way for a unit of Williams to increase its natural gas reserves in two key areas of the U.S. Rocky Mountain region. A decision in Wyoming provides guidelines for developing coalbed natural gas on federal lands in the Powder River Basin and a decision in Colorado is expected to substantially increase the company's proved undeveloped reserves on 11,000 acres in the Piceance Basin. Williams is one of the largest producers in both basins.

Black & Veatch's Enterprise Consulting Division appoints new vice president to expand energy consulting offering
Black & Veatch's Enterprise Consulting Division announced that it has appointed Richard Heenan, formerly an associate partner in IBM's Global Consulting Services practice, as vice president of its energy consulting services group.

Vericor Power Systems opens new gas turbine overhaul and repair facility in New Orleans
Vericor Power Systems recently opened Vericor - New Orleans, a new ASE™8 overhaul and repair facility in Harvey, La.

FuelCell Energy's DFC300A power plant receives safety certification from American National Standards Institute
FuelCell Energy Inc. announced that its DFC300A Direct FuelCell® power plants have received safety certification from American National Standards Institute (ANSI).

Carolyn Chin elected to CH2M HILL board of directors
Technology, marketing, and financial expert Carolyn Chin was elected to the CH2M HILL Board of Directors at the firm's annual shareholders meeting in Denver.

Cleco Corp. to sell Perryville plant
Cleco Corp. announced it has signed a letter of intent to sell its 725-megawatt power plant in Perryville, La., to an Entergy subsidiary.

Black & Veatch forms global renewable energy group
Black & Veatch has announced the formation of its global Renewable Energy Group, which provides comprehensive project services for renewable energy projects in the areas of wind, solar, biomass, hydroelectric, geothermal and ocean energy.

Calpine expects to record a loss after charges for first quarter
Calpine Corp. said it expects to record a loss of approximately $0.12 per share for the first quarter 2003. The company stated that it remains comfortable with the current 2003 full-year earnings consensus of $0.41 per share.

Alliant Energy closes on sale of Australian assets to Meridian Energy Ltd.
Alliant Energy Corp. has closed on the sale of its Australian assets to New Zealand-based Meridian Energy Limited.

Pepco Holdings Inc. elects Dennis Wraase CEO
The board of directors of Pepco Holdings, Inc. (PHI) has elected Dennis R. Wraase President and CEO, succeeding John M. Derrick, Jr. as CEO, effective June 1, 2003.

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