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Business 2006 P16



Franklin Park India to acquire 50% of India Hydropower Development
Franklin Park India entered into a definitive agreement to purchase 50 percent of India Hydropower Development Company, an owner, developer and operator of hydroelectric plants in India.

CVPS announces final results of tender offer
Central Vermont Public Service Corp. announced April 12 that based on the final results of its offer to purchase up to 2,250,000 shares of its outstanding common stock at a price not greater than $22.50 and not less than $20.50 per share, which expired on April 5, 2006, it is purchasing 2,250,000 shares at $22.50 per share.

South Carolina commission approves fuel cost adjustment for South Carolina Electric & Gas Co.
South Carolina Electric & Gas Co. announced that the South Carolina Public Service Commission approved an adjustment in the fuel component of customer rates that will allow SCE&G full recovery of costs incurred in purchasing fuel to operate its electric generation facilities.

FirstEnergy asks Pennsylvania for rate increases
Subsidiaries of FirstEnergy Corp., filed with the Pennsylvania Public Utility Commission April 10 a comprehensive transition rate plan. The filing addresses transmission, distribution and power supply issues while promising that customers will continue to pay below-market prices for generation through 2010.

Man Turbo takes over the steam turbine line of ThyssenKrupp Technologies
Man Turbo AG, Oberhausen, has announced the takeover of B+V Industrietechnik GmbH (BVI), Hamburg effective retroactively from 1 January 2006.

EPCOR purchases interest in Washington generation facility
EPCOR announced that it is acquiring from EPCOR Utilities Inc. and its wholly owned subsidiaries a 100% interest in Frederickson Power for an aggregate purchase price of $118 million. FPLP owns a 50.15% interest in the Frederickson power facility, a 249 MW single unit, natural gas-fired combined cycle generating facility.

ABB continues HSB's Ivara link-up
ABB is now able to offer Ivara EXP implementation-consulting services through its North American Reliability Services practice after it became a member of Ivara Corporation's Implementation Partner Programme.

Vestas denies patent infringements as Enercon issues writ
The owner of Enercon has started legal proceedings against wind turbine manufacturer Vestas, alleging the Danish company has infringed patent rights in England and Scotland.

J-Power Makes First U.S. Acquisition
J-POWER USA Development Co., Ltd. has acquired 62 percent of direct and indirect ownership interests in Tenaska Frontier Partners, Ltd., an 830-MW generation project near Shiro, Texas, pending regulatory approval. The financial terms of the transaction were not disclosed.

Duke completes $9bn Cinergy purchase
US energy company Cinergy will now trade as Duke Energy after the last regulator involved granted Duke the necessary approval to create one of North America's largest energy companies.

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