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Industry News 2003 P35



U.S. Securities & Exchange Commission investigating ALSTOM
The United States Securities and Exchange Commission has issued a formal order of investigation as part of its inquiry of ALSTOM.

E.ON Cost Cuts to Take Centre Stage on Thursday
Investors will focus on E.ON's cost savings and plans for convergence of its power and gas businesses when it unveils the results of a strategic review on Thursday, with first-half earnings taking a back seat.

Germany's Schroeder, Utilities to Hold Energy Talks
German Chancellor Gerhard Schroeder will meet the heads of the country's four biggest utilities on Thursday for discussions on the sector ahead of a key report later this month on Germany's future energy needs.

Edipower Agrees EUR2.3 BN Loan for Refinancing
Italian energy consortium Edipower said on Saturday it had signed a new bank loan worth EUR2.3 billion, a key step in refinancing some of the EUR3.7 billion it raised in order to buy generating company Eurogen last year.

PSEG Power's 850-Megawatt Waterford Energy Project Begins Commercial Operation
Plant Adds Additional Clean, Combined-Cycle Capacity To PSEG Power's Diverse, 13,000-Megawatt Generating Fleet

Portugal Power Watchdog Turns Down EDP Tariff Bid
Portuguese power regulator ERSE said on Friday it had turned down a bid by Electricidade de Portugal (EDP) to pass on 1998-2002 rationalization costs in its tariffs.

French Power-Up on EdF Buying, Cooler Relief Seen
French peak power prices for the next three weeks were volatile in active trade on Friday due to aggressive buying by state-owned Electricite de France, traders said.

E.ON Nears $1 Billion Takeover of Graninge
German utility E.ON AG (EONG.DE) is in advanced talks to take control of Sweden-based energy group Graninge for around $1 billion, sources close to the situation said on Thursday

Staffing firm says engineers shouldn't mask their ages on resumes
The steep competition for jobs and growing concerns about age discrimination have been causing some job seekers to try to appear younger.

MPR Associates principal named to National Research Council leadership
Douglas M. Chapin, Ph.D., NAE, has been named chairman of the National Research Council's Board on Energy and Environmental Systems (BEES).

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