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Industry News 2003 P3



Changing World Technologies named to Scientific American 50
Changing World Technologies, a company devoted to developing emerging technologies that address specific energy needs, has been named to the Scientific American 50.

UK power prompt up on nuclear outages
British prompt power prices rallied on Monday after outages at two nuclear power stations at the weekend caused by a fault on the national grid.

U.S. utilities & merchant energy companies predicted to stabilize in 2004
The Rating Outlook for U.S. investor-owned electric utilities and for the competitive energy sector, including generators, diversified energy merchants and energy traders, is Stable, according to an outlook and review of the U.S. utility industry published today by Fitch Ratings.

RWE seeking closer cooperation with Steag
German utility RWE plans to cooperate more closely in the future with RAG's power generation unit, Steag, and may take a stake in the business that is up for sale.

Suez increases share in Electrabel to over 50 per cent
French utility giant Suez said on Monday it had raised it direct stake in Electrabel to 50.01 per cent, crossing an important threshold to take a firmer grip on the Belgian power utility.

Bankruptcy court approves Mirant settlement with Unitil
The Federal Bankruptcy Court presiding over the Mirant bankruptcy proceeding has approved the settlement between Unitil's New Hampshire based utility subsidiaries, Unitil Energy Systems, Inc. (UES) and Unitil Power Corp. (UPC), and Mirant's subsidiary Mirant Americas Energy Marketing, L.P. (Mirant Americas).

EIA releases electric power numbers for 2002
The Energy Information Administration (EIA) has released its Electric Power Annual for 2002, which presents an overview of the U.S. electric power industry and a summary of the key statistics for 2002.

Tube Tech wins export recognition
The export expertise of Tube Tech International has been recognised in the 2003 International Business Awards.

Use of digital automation architecture can reduce new coal plant construction costs
Integrating digital bus technology into the design of new coal-fired power plants can result in total project cost reduction of as much as $20 million for a 600-MW coal-fired plant.

French power strike cuts 1600 MW production
The French CGT trade union said on Thursday a strike by power workers had cut a total of 1600 MW of production capacity at two of Electricité de France's nuclear power stations.

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