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Business 2003 P49



Thomassen re-emerges as Calpine unit
Industrial gas turbine service company BBP (Babcock Borsig Power) Turbine Services, has been acquired by Calpine Corporation and reverted to the name Thomassen Turbine Systems (TTS), the firm announced Tuesday.

Moody's downgrades Mirant Corp.
Moody's Investors Service downgraded the ratings of Mirant Corp. and its subsidiaries.

New vice president named at UI
Officials at The United Illuminating Company (UI) have announced that W. Marie Zanavich has been elected UI's vice president - information technology and chief information officer by the UIL Holdings Corporation Board of Directors.

Electrabel shows interest in Paris utility stake
Belgian utility Electrabel has confirmed its interest in increasing its stake in the Compagnie Nationale du Rhone, the regional electricity, which produces three per cent of France's power.

AES reaches agreements on three asset sales transactions
The AES Corp. announced it had reached agreement on three separate sales transactions providing approximately $327 million in proceeds to AES.

Regulators predicted energy company bankruptcies
While the recent spate of energy company bankruptcies and threatened bankruptcy filings seem to have taken the industry by surprise, regulators predicted the trend a decade ago.

Beacon Power announces strategic investment in Evergreen Solar
Beacon Power Corp., a developer of high performance flywheel energy storage systems, announced that to develop strategic relationships in renewable energy, it has invested $1 million in the Series A Preferred Stock of Evergreen Solar, Inc. on the same terms as the other investors in the financing.

MarkWest Energy Partners announces intent to acquire Pinnacle Natural Gas
MarkWest Energy Partners, L.P., has agreed to acquire from Energy Spectrum Partners, L.P., the Pinnacle Natural Gas Co. and certain affiliates for approximately $38 million.

Lodestar Corporation to acquire Advanced Utility Solutions of Australia
Lodestar Corporation, the global provider of software solutions for the energy industry, announced Monday that it has signed a definitive agreement to acquire Office Management Services (Qld) Pty Ltd t/a Advanced Utility Solutions of Australia, an energy software sales and support organization. Terms of the transaction were not disclosed.

Ford Motor Co. VP named to PPL Corp. board
Louise Goeser, vice president of quality for Ford Motor Company, has been named to PPL Corp.'s board of directors, effective April 1.

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