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Industry News 2004 P39



Xcel expects variety of issues to come up at annual shareholders' meeting
Rising prices, rising executive pay, frequent outages and Indian rights are some of the topics that could come up today at Xcel Energy's shareholders meeting in Denver, a company spokesman said.

RWE successfully test Nexans superconducting fault current limiter
On-line field tests for RWE have proven the efficiency of Nexans' superconducting fault current limiter (SFCL) core components.

E.ON plans Hungary power links
German energy utility E.ON has announced its intention to build an interconnection linking the electricity networks of Hungary and it neighbours. Gyorgy Kobor, an executive at the company's local energy trading unit said that the plan would link Hungary with Austria and Slovakia.

US study says investment in T & D could reduce power prices
A recent study carried out by ICF Consulting study and sponsored by Kohlberg Kravis Roberts & Co, shows that targeted investments in transmission, in conjunction with the right mix of generation, could reduce the wholesale costs of power by 1.5 times its costs.

South Korea plans $213m spend on green energy research
South Korea will invest a total of 250bn won ($213m) in developing renewable energy such as solar, wind and hydro-cell energy over the next five years, the commerce ministry said today.

Peabody Energy signs three utilities to invest in coal-fired plant
Peabody Energy Co. has signed up three electric utilities to invest in a large coal-fired power plant in Washington Township, Ill. The utilities will have a one-third interest in the $2bn plant and will use about one-third of the electricity.

Brascan to buy Reliant's NY plants for $900m
Canadian conglomerate Brascan Corp. on Tuesday said it agreed to buy 71 hydroelectric power plants and a co-generation plant in New York from Reliant Energy Inc. for $900m in cash.

TXU, CSFB ink trading deal but risks remain
TXU Corp.'s plan to join forces with Credit Suisse First Boston to trade electricity could help both companies expand in the decimated markets, but only if they can overcome risks from making a complicated partnership work, energy analysts said on Tuesday.

Energy regulator says UK winter energy supplies sufficient
UK Energy regulator Ofgem published on Monday National Grid Transco's (NGT) annual energy forecasts for winter 2004-2005. This shows that there will be enough gas and electricity available to meet customers' needs.

Pakistan want foreign investment to assist with hydropower development
The Pakistan government wants to attract maximum foreign investment in the energy sector, especially in hydroelectric projects, as huge potential still lies in this sector in the country, according to the managing director of Private Power Infrastructure Board (PPIB), Zafar Ali Khan.

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