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Industry News 2003 P13



Arete Industries Inc. announces formation of dual advisory boards in traditional and alternative energy
Arete Industries Inc. has created two energy advisory boards, one on traditional oil and gas development and the second on the alternative and renewable energy sector.

American Coal Council selects directors for 2004
At its recent Annual Meeting in Atlanta, Georgia, the American Coal Council elected the following individuals to serve on the 2004 Board of Directors.

Electrabel to Buy 40 Pct of French Power Firm SHEM
Belgian utility Electrabel will buy 40 per cent of Societe Hydroelectrique du Midi (SHEM), the French power company's owner SNCF said on Wednesday.

US Govt Predicts Higher Natural Gas Prices For Consumers
A record-fast build of natural gas working supplies and an expected mild winter won't be enough to keep prices down, a US government official warned Wednesday.

Enel To Bid For Control Of Bulgarian Utilities
Italy's biggest power company, Enel SpA, will bid for a controlling stake in seven state electricity distributors in Bulgaria, an industry source said Wednesday.

Entergy Corp. honored as winner of EEI Index award for outstanding five-year stock result
In recognition of its financial achievement, New Orleans-based Entergy Corp. has been honored as the top performer in the Edison Electric Institute's Index of Shareholder-Owned Electric Utilities for the past five years.

First Russian power trades at market prices
Russia's new electricity exchange announced that on Saturday it had held its first power trades at market prices. The development moves the Russian power market closer to its goal deregulation in 2006.

Syria says Iran could join regional power grid
Syrian minister of electricity Munib Saim Al-Dahar said Iran could join the power network of six regional countries. The network includes Turkey, Syria, Lebanon, Egypt, Jordan and Iraq.

Energy groups praise Secretary Abraham's pledge to 'cut through red tape' on energy-saving standards
U.S. Energy Secretary Spencer Abraham has promised to "cut through the red tape" to speed energy efficiency standards on new products.

TECO Energy receives IRS ruling in favor of synfuel operations
TECO Energy Monday reported that it has received its Private Letter Ruling (PLR) from the Internal Revenue Service for its Section 29 synthetic fuel production.

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