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Business 2006 P18



Georgia EMCs sign renewable energy agreement
Green Power EMC, a partnership of 28 electric membership corporations (EMCs) in Georgia USA, today announced plans to purchase 20 MW of electricity from the first poultry litter-to-energy operation in Georgia.

ScottishPower completes sale of PacifiCorp for $5.1bn
ScottishPower will offer its shareholders £2.25bn ($3.9bn) after it completed the sale of PacifiCorp to MidAmerican Energy for $5.1bn cash.

South Bank UK acquires Hayward Tyler from 3i
Engineering and manufacturing group South Bank UK, today has acquired a 100 per cent interest in the British engineering company, Hayward Tyler Group, in a £16m ($28.1m) transaction.

Ceres Power and British Gas plan domestic fuel cell CHP programme
Ceres Power, the AIM-quoted fuel cell group, today announces its entry into a £2.7m ($4.74m) contract with Centrica (trading as British Gas), part funded by the DTI, to develop Combined Heat and Power (CHP) units for the UK residential market.

Indiana Utility Regulators Approve Settlement Agreement on Cinergy, Duke Merger
Cinergy Corp. announced today that the Indiana Utility Regulatory Commission has approved an agreement resolving all issues related to the commission's review of the company's planned merger with Duke Energy.

Green Energy Resources Seeks Woodchips Listing on New York and Chicago Boards of Trade to Capture Alternative Fuel Market
Green Energy Resources seeks inclusion of woodchips on the new UBS Biofuels Index. The new global index comes in response to rapidly increasing demand for the two major forms of alternative fuel, biodeisel and ethanol.

Power deals at record level in 2005 says PWC
The M&A market in the global electricity and gas industry is entering a new blockbuster deal era following a record year in 2005, according to a new report from PricewaterhouseCoopers (PWC).

AES sells Canadian power interest
US energy company AES Corporation announced Tuesday that its wholly-owned subsidiary AES Kingston Holdings has agreed to sell its indirect interest in Kingston Cogeneration Limited Partnership (KCLP), a 110 MW cogeneration power plant in Ontario, Canada, to its partner, Northland Power Income Fund.

Fortum awaits competition ruling on E.ON Finland purchase
E.ON Nordic and Fortum have signed a contract under which Fortum purchases all the shares of E.ON Finland Oyj owned by E.ON Nordic.

EDF completes sale of Egyptian power units to Malaysia's Tanjong
Malaysia's Tanjong Group today announced the completion of the purchase of French power generator EDF's Egyptian power unit and its two generating plants for $307m.

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