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Business 2003 P5



Marubini buys Sithe Asia Holdings
Japan's Marubeni Corporation said Wednesday it has purchased the entire equity of independent power producer Sithe Asia Holdings Ltd. in Hong Kong to expand its independent power producer business in Asia.

Constellation Energy Group to acquire Ginna Nuclear Power Plant
Constellation Energy Group announced Tuesday it is acquiring the R.E. Ginna Nuclear Power Plant located north of Rochester, N.Y., from the Rochester Gas & Electric Corp. (RG&E).

Thermal Engineering International acquires assets of EFCO
Thermal Engineering International (USA) Inc. (TEi), based in Los Angeles, CA, a subsidiary of Babcock Power Inc. (BPI), based in Burlington, MA, announced that it has acquired the rights to certain assets of Engineers and Fabricators Company, (EFCO), Houston, Texas, which entered bankruptcy earlier this year.

Great Lakes Hydro income fund completes acquisition of three hydroelectric facilities in New England
Great Lakes Hydro Income Fund has completed the acquisition of three hydroelectric power plants in Northeastern U.S. from Hafslund for $30 million.

Wood Group Power appoints Nick Blaskoski as executive vice president
Wood Group Power, Inc., part of the Gas Turbine Services business of John Wood Group PLC has appointed Nick Blaskoski to the position of Executive Vice President, effective from 9th October 2003.

Tractebel US operation wins $500M of contracts in first year
Houston-based Tractebel Energy Services Inc. the U.S. retail energy business of French utilities giant Suez has won over $500m of contracts in its first year of operation, the company said Monday.

New Wood Group facility opens in Sheffield, England
The Home Secretary David Blunkett MP visited Sheffield-based Wood Group Rotary Electrical Company Ltd on Friday 14th November 2003 to officially open the company's new 35,000 sq ft electrical generator service facility.

Glacier Garlock Bearings to become GGB
Glacier Garlock Bearings (GGB) will change its name to GGB effective January 1, 2004.

El Paso Corp. announces resignation of Rodney D. Erskine
El Paso Corp. on Friday announced that Rodney D. Erskine, president of El Paso Production Co., has resigned from the company.

El Paso Corp. reports third quarter net loss of $146 million
El Paso Corp. reported results for the third quarter of 2003 and updated its progress on its 2003 operational and financial plan.

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