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Industry News 2007 P29



Fitch: U.S. coal industry well positioned for summer, strong market fundamentals
Fundamentals for the U.S. coal industry should improve through the second half of 2007 as increased electricity generation coupled with declining production results in destocking, according to a Fitch Ratings report.

Denmark 'near power failure' after fault in Germany
A fault in German transmission system operator E.ON Netz's 400 kV Wilster transformer station north of Elben in northern Germany on 29 May could have led to a power failure in western Denmark, Danish transmission system operator Energinet.dk said in a statement.

British Energy restarts reactor
British Energy has restarted one of the reactors at its Hinkley Point B power station in Somerset, eight months after it was closed down because of cracks in its boilers.

Consumers Energy to buy 946 MW Natural Gas Power Plant
Consumers Energy has signed an agreement to buy a 946 MW natural gas-fired power plant to help meet the growing power needs of its customers.

Nuclear industry leaders identify challenges for U.S. nuclear energy renaissance
Financial, regulatory and communications challenges are among those that still must be met to bring the emerging "nuclear energy renaissance" to fruition, Nuclear Energy Institute leaders told industry executives assembled at NEI's annual conference.

California strengthens coal generation limits
The California Energy Commission imposed new rules that effectively forbid the Los Angeles Department of Water and Power and all other municipal utilities in the state from signing new contracts with coal-fired power plants.

Arizona's Black Mesa coal mine looks for new markets
The Associated Press reported that owners of the Black Mesa mine on the Hopi and Navajo reservations in northeast Arizona hope to find other outlets for coal from the mine, shuttered since a power plant in Nevada closed in January 2006.

AES expands global reach into Turkey
The AES Corporation announced it has expanded into Turkey through the acquisition of a 51% interest in IC ICTAS Energy Group, a Turkish developer and producer of hydroelectricity.

Dynegy completes refinancing deals
Dynegy Inc. said that its subsidiary, Dynegy Holdings Inc., completed two previously announced refinancing transactions.

Chevron to sell Dynegy shares
Chevron said it would sell its stake in electricity producer Dynegy Inc. for about $940 million.

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