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Business 2004 P5



SPX and Ceramic Composites collaborate on heat exchangers for power plant cooling
SPX Corporation announced Wednesday that its Cooling Technologies and Services business will partner with Ceramic Composites, Inc. (CCI) to research and develop an innovative heat transfer technology that could significantly decrease energy consumption and enhance water conservation within the power industry.

Swiss Von Roll purchased by AE&E
Von Roll Inc. has been renamed AE&E - Von Roll Inc., to reflect the purchase of Von Roll's Swiss parent company by Austrian Energy and Environment AG (AE&E).

Spice Holdings to provide meter reading for Siemens
Spice Holdings PLC's meter reading division, Meter-U, has reached an agreement with Siemens to provide meter-reading services in the East of England.

Vinci acquires Ford businesses
Nottingham electrical and mechanical firm Vinci Energies United Kingdom plc has bought The Ford Communications and Arthur Ford businesses from administrators Tenon on 1 October, securing 70 jobs at the Nottingham site.

Constellation NewEnergy agrees Waco power deal
Constellation Energy announced Monday that its subsidiary, Constellation NewEnergy, has finalized a two-year electricity purchase agreement with the City of Waco, Texas. The agreement will allow the city to reduce its budgeted electric energy costs by approximately $740 000 for fiscal year 2004 - 2005.

Gulf Electric to raise $218m to fund plant growth
Gulf Electric Ltd, the concession holder for the Kaeng Khoi power plant, is preparing to raise its registered capital by 9bn THB ($218 m) to finance the gas turbine project in Saraburi.

Vattenfall offers to acquire shares in Danish utility Elsam
Vattenfall AB has today made an offer to the consortium of shareholders who hold 54 per cent in the Danish power company Elsam. The offer grants the shareholders a put option for shares, which they are entitled to acquire under pre-emptive rights in relation to a recent acquisition by the oil and gas company DONG.

GE Energy and Bechtel announce North American alliance
GE Energy and Bechtel Corporation announced Tuesday their intent to establish an alliance in North America.The two prominent companies have developed a standard commercial offering for optimised integrated combined-cycle gasification (IGCC).

Dynegy Announces Completion of Illinois Power Sale
Dynegy Inc. today announced that it has completed the sale of Decatur, Ill.-based Illinois Power Company to Ameren Corporation. The $2.3bn transaction included Ameren's assumption of $1.8bn of Illinois Power's debt and preferred stock, cash proceeds of $375m and an additional $100m of cash placed in escrow.

Brascan closes New York Plant acquisition
Brascan Corporation on Thursday announced the completion of the purchase of 71 operating hydroelectric power generating plants totalling 674 MW of capacity, and one 105 MW co-generation facility, from Reliant Energy, Inc., for $900m adjusted to $874m to account primarily for cash transferred to Reliant affiliates between signing and closing.

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