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Business 2002 P31



GE acquires global field measurement technology company, Panametrics
GE Power Systems announced recently it has acquired Panametrics Inc., a specialist in high-technology ultrasonic testing equipment and process control instrumentation.

American Superconductor reports fiscal 2003 first quarter results
American Superconductor Corp., a global supplier of superconductor products and power electronic converters for the electric power industry, recently reported results for its fiscal quarter for 2003.

PPL announces sale proposal for its Brazilian electric distribution company
PPL Corp. recently announced a proposal for the sale of its 90 percent interest in Companhia Energetica do Maranhao (CEMAR) to Franklin Park Energy, LLC of McLean, Va. CEMAR is PPL's Brazilian electric distribution company.

KVH industries names Patrick J. Spratt as CFO
KVH Industries announced recently that it has hired Patrick J. Spratt as the company's chief financial officer.

AEP to sell CitiPower to CKI, Hong Kong Electric
AEP has agreed to sell CitiPower, its retail electricity and gas supply and electricity distribution unit in Australia, to CKI and Hong Kong Electric.

New optical current sensor will measure current more accurately while offering environmental benefits
KVH Industries announced recently that it has signed a Product Development Agreement with the ABB High Voltage Business Area to cooperate in the development of a new fiber optic current sensor.

Ameren files FERC application to acquire CILCORP
Ameren Corp. has filed with FERC to acquire CILCORP from AES Corp., committing to spend $18 million on transmission upgrades as part of the deal.

Autodesk's GIS Division announces global advisory customer council
Autodesk Inc. has formed a Global GIS Customer Council to provide a collective voice on customer needs with Autodesk GIS products, services, and strategic direction.

PNM Resources names two new directors
Two new members have been elected to the Board of PNM Resources, the company announced recently.

Itron reports best quarter ever of financial performance
Itron Inc., recently reported its financial results for the quarter ended June 30, 2002.

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