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Business 2007 P18



TXU shifts from coal to nuclear focus says WSJ
The Wall Street Journal reported today that, after scrapping plans to build at least eight new coal-fired plants, TXU now plans to expand its generating fleet by adding the nation's largest nuclear power plants.

Mirant to look for buyer
Mirant Corp. said its Board of Directors will explore "strategic alternatives" to enhance stockholder value.

AGL gains regulatory approval to acquire TRUenergy's power station
AGL Energy Ltd (AGL) has received approval from the Australian Competition & Consumer Commission to acquire a 1280 MW gas fired power station from TRUenergy.

JAEA, DOE sign new five-year nuclear R&D agreement
The Japan Atomic Energy Agency (JAEA) and the U.S. Department of Energy (DOE) signed a five-year agreement calling for continued cooperation on a wide variety of cutting-edge nuclear research and development projects.

EDP and Sonatrach form power generation and gas joint venture
Energias de Portugal (EDP) and Algerian state energy firm Sonatrach are to sign a memorandum of understanding that may see the companies create a business partnership to operate in gas and power generation segments.

Dynegy Announces Completion of LS Power Transaction
Dynegy Inc. has completed its previously announced combination of operating assets and development of a joint venture with LS Power Group, a privately held power sector investor, developer and manager.

E.ON abandons Endesa takeover bid
German utility E.ON AG has abandoned its $56.2bn takeover bid for Spanish power company Endesa SA.

Toshiba buys control of Regenco
Toshiba Corp. paid $10 million for 61 percent of Regenco LLC to expand in the North American market for turbine maintenance and services.

GE unit closes on retail gas supply purchase
Kinder Morgan, Inc. has completed the sale of its U.S. natural gas retail distribution and related operations to GE Energy Financial Services and Alinda Investments LLC for $710 million plus working capital.

Rotork introduces communication system
Rotork has introduced the Pakscan P3, the third generation of its two-wire digital monitoring and control system for valve actuators and associated plant equipment. It is designed to provide advanced asset management capabilities.

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