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Business 2003 P52



Organizations take advantage of benchmarking online
A recent informal study found that about 57% of 7,683 surveyed organizations use some form of benchmarking to assess their performance.

John Whitmire joins El Paso Corp. board of directors
El Paso Corp. announced that John L. Whitmire, chairman of CONSOL Energy, Inc., will join the Board of Directors of El Paso Corporation effective March 17, 2003.

Electric utilities: When will the storm end?
It may be a while before electric utilities light up Wall Street. Rocked by Enron's bankruptcy, trading scandals and negative headlines a Bear, Stearns & Co. Inc. report finds electric utilities, long considered defensive in part because of their dividends, may continue to struggle for some time to come.

Aker Kvaerner launches Kvaerner Power
The global boiler evaporator and environmental systems business of Finland's Aker Kvaerner are to operate in future under the name of Kvaerner Power. The company said that the new name better describes its business operations of providing technology and services to the chemical pulping industry as well as the power generation sector

Avista announces new assignments for officers
Avista Corp. announced a number of new assignments within its corporate officer team as the company continues its back-to-basics business focus and works toward restoring its financial health.

Bernie Beaudoin announces retirement from Great Plains Energy
Great Plains Energy announced the retirement of Chairman, President, CEO, Bernie Beaudoin effective by year-end.

Clean Air Partners raises $8.6 million in latest round of venture funding
Clean Air Partners announced that it has closed its second round of venture capital funding in the amount of $8.6 million.

AES selects Charles Rossotti to join board
The AES Corp. announced another step in reshaping its board to help meet the demands of the changing energy sector.

El Paso Corp. board names Ronald L. Kuehn, Jr. CEO and chairman
El Paso Corp. announced that its Board of Directors has appointed Ronald L. Kuehn, Jr. to serve as chief executive officer and chairman of the board, replacing William A. Wise, effective immediately.

Texas Commercial Energy refocuses on small commercial market and retains 60 percent of customers in operations plan
A bankruptcy court in Texas has approved Texas Commercial Energy's motion to work with several organizations to reduce the company's load of electricity provided to customers.

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