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Industry News 2003 P41



S&P testifies on TVA's financial condition at congressional caucus
The Tennessee Valley Authority (TVA) maintains a sound financial position despite debt of $25 billion, exposure to riskier nuclear power, and a high fixed-cost profile, Standard & Poor's Ratings Services told a congressional caucus.

Australia's Basslink to start
The A$780m ($505m) Basslink project linking the power grids of Victoria, Australia and Tasmania is to begin within months. This follows a breakthrough in negotiations between Basslink's main contractor, Siemens, and the state's key building unions.

Alliance to Save Energy urges U.S. industry to become 10 percent more energy efficient to ease natural gas crisis
The Alliance to Save Energy called on the nation's industrial leaders to take the "10 Percent Pledge" to reduce their energy use and costs by 10 percent to help ease the natural gas supply and price crisis looming over the coming winter's heating season.

Frost & Sullivan honors ReGENco for entrepreneurial success in power plant services
Frost & Sullivan presented its 2003 Entrepreneurial Company Award to ReGENco, an independent turbine and generator repair organization that offers complete outage and emergency services.

Great River Energy announces need for additional capacity
Great River Energy has filed its Integrated Resource Plan with the Minnesota Public Utilities Commission. The plan identifies the need to add about 1,500 MW of capacity.

NRC to discuss possible link between nuclear plant uprates and cracking
Nuclear Regulatory Commission staff will meet with GE Nuclear Energy and the Boiling Water Reactor (BWR) Owners Group on July 25 in Rockville, Md., to discuss the possible impact on future BWR power uprates, due to cracks in the steam dryer of Quad Cities Nuclear Power Plant, Unit 2, near Moline, Illinois.

Irish north-south power deal agreed
Northern Ireland-based power generation company Premier Power Limited, a wholly-owned subsidiary of BG Group plc, announced today a major cross-border deal with Northern Ireland Electricity for 180 MW of electricity for onward supply to ESB, the Irish electricity company, through the North South interconnector.

Tata and BP to head JV rescue of India's Dabhol
The investment arm of UK energy giant BP is planning to team up with India's Tata Power Co to bid for Enron's stalled 2184 MW Dabhol power plant, a senior Tata official is reported as saying.

Underfunded pensions may not be a near-term problem for U.S. utilities
Fitch Ratings has published a report on the funding status of U.S. investor-owned power and gas issuers.

POWER-GEN Renewable Energy gains full support of 2003 Sustainable Energy Expo & Conference
IIR Exhibitions, a division of the Institute for International Research, announced the cancellation of the 2003 Sustainable Energy Expo and Conference and its full support of POWER-GEN Renewable Energy, managed by PennWell Corp.

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