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Business 2002 P9
Allegheny Energy subsidiaries receive extensions
Allegheny Energy, Inc. (NYSE: AYE - News) announced today that its subsidiaries, Allegheny Energy Supply Company, LLC, and Allegheny Generating Company, have received extensions on waivers from bank lenders under their syndicated credit agreements.
Energy West declares dividend, elects directors
ENERGY WEST Incorporated (Nasdaq: EWST - News), a natural gas, propane and energy marketing company serving the Rocky Mountain area, today announced that the Board of Directors of ENERGY WEST on November 21, 2002 declared a dividend in the amount of 13.5 cents per share.
PSEG comments on trader resignation
Public Service Enterprise Group (PSEG) said that rumors in the financial marketplace that the head of its energy trading business had resigned were incorrect.
TXU closes $750 million issuance
TXU Energy Co. LLC, on Friday closed its previously announced issuance of $750 million of exchangeable subordinated notes due 2012.
SatCon power conditioning system passes requirements for "rule 21"
SatCon Technology Corp.'s Power Conditioning System for on-site power generation has been found to be compliant with the requirements of several interconnection standards, including Rule 21.
Moody's downgrades Reliant Resources Inc. ratings to B3
Moody's downgraded the senior implied rating, bank loan and issuer rating assigned to Reliant Resources to B3, leaving ratings on review for potential downgrade.
Pinnacle West selects St. Louis executive for CFO post
Pinnacle West Capital Corp. announced Monday the appointment of Donald E. Brandt as Chief Financial Officer effective December 2.
Moody's downgrades debt ratings of El Paso Corp.
Moody's Investors Service downgraded the debt ratings of El Paso Corporation (EP, senior unsecured debt from Baa3 to Ba2) and its subsidiaries. Moody's also assigned a senior implied rating of Ba1 to EP.
Westar Energy announces new CEO
Westar Energy Inc. on Saturday announced the election of James S. Haines, Jr. as director, chief executive officer and president of the company, effective Dec. 9, 2002.
Former NRG Energy execs file involuntary Chapter 11 petition
NRG Energy Inc. said it will conduct business as usual despite the late Friday afternoon filing of an involuntary Chapter 11 petition against the company by five former NRG executives.
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