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Business 2003 P53



Alstom to sell T & D as part of further restructuring
Franco-Swedish engineering group Alstom has announced its intention to sell it profitable electricity transmission and distribution division as part of an addition restructuring which also will see the disposal of its industrial turbine unit and a further rights issue.

GE's F technology gas turbines achieve 7.1 million fired hours
GE Power Systems' installed fleet of more than 500 F technology gas turbines has reached 7.1 million hours of commercial operation in power plants worldwide.

Crown Coal & Coke receives patent on iron fluxing additive
Crown Coal & Co. has received a patent from the United States Patent Office, effective November 26, 2002.

Stock Equipment Co. buys assets of Redler Ltd.
The business assets of Redler Ltd. have been purchased from the Buhler Group by the Stock Equipment Co.

Foster Wheeler Environmental Corp. acquired by Tetra Tech, Inc.
Foster Wheeler Ltd. announced the sale of the operating business of its wholly owned subsidiary, Foster Wheeler Environmental Corp., to Tetra Tech, Inc.

Epsilon Technologies LLC becomes E Instruments Group LLC
Epsilon Technologies has signed a strategic alliance with Eurotron Spa and have formed a new company called E Instruments Group LLC.

Improved liquidity noted in S&P review despite downgrade to BBB rating
AEP said that, although Standard & Poor's announced a one-notch downgrade of the company's overall debt rating, the decision to maintain AEP's A-2 commercial paper rating reflects AEP's improved liquidity position.

KeySpan & Duke Energy name Islander East president
KeySpan Corp. and Duke Energy announced that Charles A. Daverio, a near 30-year veteran of KeySpan, has been appointed president of Islander East Pipeline Company.

FuelCell Energy reports financials for first quarter 2003
FuelCell Energy Inc. reported first quarter 2003 results for the period ended January 31, 2003, and progress on its key focus areas for 2003.

New York Blower Co. acquires TLT-Babcock
The New York Blower Company has announced that it has acquired TLT-Babcock from Babcock Borsig Power AG of Oberhausen, Germany.

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