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Business 2002 P2
Elizabeth Moler promoted to executive vice president of Exelon Corp.
The Exelon Corp. Board of Directors approved the promotion of Elizabeth A. Moler to the position of Executive Vice President, Government and Environmental Affairs, and Public Policy.
Moody's lowers ratings of Duke Energy and subsidiaries
Moody's Investors Service lowered its ratings on Duke Energy's senior secured first mortgage bonds to A2 from Aa3, its senior unsecured bonds to A3 from A1, and lowered its ratings on Duke Capital's senior unsecured debt to Baa2 from A3.
Mirant reports third quarter results
Mirant recently reported a net loss of $1 million, or less than one cent per diluted share for the quarter.
BPA issues 2002 financial results
The Bonneville Power Administration ended fiscal year 2002 in the black, but only because of significantly reduced expenses resulting from refinancing Energy Northwest bonds.
CMS Energy announces sale of subsidiary's wholesale natural gas trading book
CMS Energy is selling the wholesale natural gas trading book of its CMS Marketing, Services & Trading subsidiary to Sempra Energy Trading, the wholesale commodity trading unit of Sempra Energy.
McDermott files reorganization plan and settlement with Babcock & Wilcox
McDermott International Inc., together with the Asbestos Claimants' Committee and the Legal Representative for Future Asbestos-Related Claimants (FCR), has filed a substantially complete consensual plan of reorganization and settlement agreement in the Chapter 11 Bankruptcy Proceedings involving The Babcock & Wilcox Co.
NRG missed payment for Northeast Generating LLC bonds
NRG Energy, Inc. on Friday provided an update on its NRG Northeast Generating LLC bond series, announcing that payments have not been made on the bond series that were due December 15.
FirstEnergy decides to keep four power plants along Lake Erie
FirstEnergy Corp. announced Friday that it will retain ownership of its four coal-fired power plants located along Lake Erie in Ohio after reviewing bids it received from parties interested in purchasing the plants.
Canadian Hydro closes $68 million credit facilities
Canadian Hydro Developers Inc. has announced the closing of $68 million in credit facilities with National Bank of Canada and The Toronto-Dominion Bank.
Allegheny Energy Reports unaudited financial data for nine months
Allegheny Energy Inc. Thursday released unaudited consolidated financial data for the nine months ended September 30, 2002.
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