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Business 2003 P56



TXU cuts management by 30 percent
TXU announced management changes, effective Wednesday, designed to reduce costs, streamline the organization and increase focus on the operations of its core businesses in North America.

E.ON increases dividend after strong performance
German power and gas group E.ON today reported a strong operational performance for 2002 and plans to increase its dividend to Euro1.75 ($1.92) from Euro1.60 ($1.75). "With a dividend yield of 4.6 per cent, E.ON is one of the top quoted securities among the DAX companies", said CEO Ulrich Hartmann.

Enel to buy Entergy stake in Bulgarian power company
Italy's former monopoly power generator Enel has struck a deal to "progressively" buy US power company Entergy Corp.'s stake in a Bulgarian venture operating the 840 MW Maritza East III power plant.

Kema merges two subsidiaries
Kema Consulting and Kema-Xenergy, both wholly owned subsidiaries of Netherlands-based N.V. Kema (Kema), announced Monday that they are integrating and becoming Kema, Inc.

AES Brazil unit misses $330m bank payment
The AES Transgas holding of US-based power firm AES missed a $330m payment related to its purchase of Brazil's Sao Paulo electricity distributor Eletropaulo to Brazil's national development bank BNDES on Friday, AES said in a statement Monday.

Aggreko LLC and BELFOR USA renew partnership to provide complete property recovery services
Aggreko LLC and BELFOR USA have renewed a multi-year partnership agreement that provides complete property recovery services to North American companies damaged by fire, water, mold and other disasters.

Shareholders approve NGC Holdings exit from power generation
Shareholders in NGC Holdings Ltd on Monday have agreed to sell the New Zealand energy company's last two power stations marking its exit from electricity generation in favour of metering and gas operations.

Trepanier to Succeed Mims as General Manager at River Bend Station
Thomas E. Trepanier was promoted to general manager of plant operations at River Bend Station on January 17, Entergy reported.

Peter Christman named vice president and general manager, Pratt & Whitney Power Systems
Peter Christman, Jr. has been named Vice President and General Manager of Pratt & Whitney Power Systems.

Dr. Leonard K. Peters named director of Pacific Northwest National Laboratory
Battelle has selected Dr. Leonard K. Peters as Director of the Department of Energy's Pacific Northwest National Laboratory.

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