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Business 2003 P8



New Energy Capital and KEMA partner on renewable energy investments
Private finance and asset management firm New Energy Capital, LLC (NEC) and energy consulting firm KEMA Inc. announced Tuesday that they have entered into an agreement designed to promote investments in renewable energy and distributed generation.

PG&E to register to sell debt in connection with proposed plan to exit Chapter 11
Pacific Gas and Electric Co. on Friday announced that it intends to file early this week a registration statement with the SEC for the offer and sale of up to $9.4 billion of debt securities.

WPS Resources agrees to sell Sunbury Generating Station
Officials of WPS Resources Corp. reported the company has signed a definitive agreement to sell its Sunbury Generating Station, to Duquesne Power, L.P.

Endesa to invest in improving power supply in Majorca
Spanish utility Endesa says it plans to spent €710 000 in order to increase power supplies on the island of Majorca which has experienced a surge in demand this year.

Kepco power sales rise six per cent
Korea Electric Power Corp. (KEPCO) today Monday that its electricity sales for the full year were expected to reach 21.93 trillion won ($18.53 billion), up 6.6 per cent from a year earlier.

Chubu develops power storage system for outage protection
Japan's Chubu Electric Power Co. has developed an electricity storage component with more than twice the normal capacity using nanotechnology. The capacitor can be used to prevent sudden voltage drops at large power plants.

Autodesk and AVEVA form strategic alliance to provide extended design software solution for plant industries
Autodesk Inc. and AVEVA announced a strategic alliance.

Enporion announces new service offerings
Enporion has introduced two new service offerings to its product suite, Dynamic Buyer Agreements and Negotiated Buyer Agreements.

Arete Industries Inc. refocuses on energy sector with three new directors
Arete Industries Inc. reconfirmed the redirection and new focus of its business plan to implement its new revenue-driven strategy in the Energy Sector focusing on low risk, high profit traditional oil and gas projects and state of the art renewable and alternative energy projects.

Karl Smith appointed president and CEO of Newfoundland Power Inc.
The Board of Directors of Newfoundland Power Inc. announced that Karl W. Smith has been appointed as the new president and CEO effective Jan. 1, 2004.

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