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Industry News 2003 P20



Senate energy conference postponed until third week of October
Senate Energy & Natural Resources Chairman Pete V. Domenici has postponed a conference on major energy policy legislation until the third week of October to allow committees more time to work.

Increased inward investment and construction activity to boost uptake of power rentals in Central and Eastern Europe
Buoyant growth in the Central and Eastern European (CEE) power rentals market will hinge on increased levels of inward investment from western developers and on the projected surge in construction demand in the post-European Union accession period.

Industrial consumers say energy bill as drafted will not solve natural gas crisis
In a letter to Senator Domenici and Representative Tauzin, the Industrial Energy Consumers of America (IECA) concludes the current draft of the Energy Policy Act of 2003 will not solve the nation's natural gas crisis.

S&P releases industry report card on U.S. utilities
The ratings trend year-to-date for the traditional, nondiversified, and regulated U.S. investor-owned electric and gas industry continues to be relatively stable, according to a report by Standard & Poor's.

Challenges of tightening environmental regulations compel portable power industry to adopt fuel cells
New analysis from Frost & Sullivan, North American Portable Power Markets, reveals this market generated revenues worth $489.3 million in 2002 and is likely to reach $828.4 million by 2009.

CFTC files civil suit against AEP
The Commodity Futures Trading Commission (CFTC) has filed a civil action against American Electric Power (AEP) in the U.S. District Court for the Southern District of Ohio.

Coalition sends White House fiscal year 2005 budget recommendations for energy efficiency and renewable energy programs
A coalition of energy-related organizations called upon the White House to dramatically increase funding for sustainable energy programs in Fiscal Year 2005 (FY05) and beyond.

UK regulator says under-investment not the cause of recent power cuts
A preliminary investigation by energy regulator Ofgem has found that both recent UK power cuts were caused by the failure of new protection equipment, which had been incorrectly installed - not due to a lack of investment.

ICF Consulting predicts surging U.S. market for pollution control vendors and some coal producers
ICF Consulting's recently published SO2 Emissions and Mercury Market Outlook 2003 predicts that, contrary to many accounts, multi-pollutant air emissions regulations in the United States will increase output levels and improve profitability for many coal producers.

Saudi Arabia to announce private power & water projects worth $13bn
Saudi electricity and water authorities will call for tenders to build 21 water and electricity projects as part of ambitious privatisation drive, it was announced Monday. The move marks a break with state control over vital utilities and is intended to generate funds to service a large public debt.

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