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Business 2003 P47



IdaTech ships two fuel cell systems to Electricite de France
IdaTech announced that it has shipped its first two pre-production FCS 1200™ fuel cell systems to European utility, Electricite de France (EDF).

Parsons E&C announces staff promotions
Parsons E&C's power operations announced the appointment of several staff members.

Independent Killingholme secures debt restructuring
Killingholme Power Limited has completed its financial restructuring agreement following its separation from NRG Europe in January, the company said today. It has become the first independent UK power generating company to achieve this.

Dunlop Standard Energy business created from Standard Aero legacy
Standard Aero, a gas turbine engine service company, has announced the creation of a new business unit, Dunlop Standard Energy.

Moody's downgrades Aquila Inc. to B3
Moody's Investor Service downgraded the Senior Implied rating of Aquila, Inc. to B3.

GE introduces remote monitoring system to simplify engine testing and reduce customer costs
GE Aeroderivative and Package Services (GE APS), a GE Power Systems business, has introduced GE Virtual Test Cell Witness, a system designed to allow customers to view live operating data via the web from gas turbines being tested at a GE test cell facility.

Babcock Power Inc. joins Enporion e-Marketplace
Energy industry e-marketplace Enporion and Babcock Power Inc. have announced Babcock Power's membership in Enporion as a Strategic Buyer Member.

MGE Americas names Ray Prince as president
MGE UPS Systems, a provider in high-availability power solutions to the industrial, telecom and IT markets, announced that Ray Prince has been named president of its Americas operations, MGE UPS Systems, Inc.

CMS reports improved liquidity
CMS Energy today announced 2002 results saying that it had improved its liquidity by $1.4bn, while reporting a net loss of $620 m, or $4.46 per share. The Dearborn, Michigan-based company is in the process of selling off assets and trying to retire debt to improve its financial condition.

El Paso Corp. reports $1.7 billion loss for fourth quarter 2002
El Paso Corp. on Monday announced its earnings for the fourth quarter and full year 2002, which include a $1.736 billion loss for the fourth quarter and a loss of $1.467 billion for the full year 2002.

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