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Business 2003 P1
Reliant prepays $917M of debt
Reliant has prepaid approximately $917 million of debt with funds from an escrow account that had been established, under terms of its bank credit facilities, for the possible purchase of CenterPoint's stake in Texas Genco.
Federal judge denies Mirant's request to terminate Pepco contracts
Pepco and the Federal Energy Regulatory Commission (FERC) opposed Mirant's attempt to use the bankruptcy laws to terminate the agreements on the grounds that Mirant could not terminate its obligations without prior FERC approval. Judge McBryde agreed and declined to issue injunctive relief requested by Mirant.
Panda Energy International Inc. and Northland Power Income Fund announce completion of $99 million investment transaction
Panda Energy International Inc. and Northland Power Income Fund have completed an investment by Northland Power in Panda entities that indirectly own two U.S. combined-cycle cogeneration power plants.
Calpine to sell its interest in 545-MW energy center in Bastrop, Texas
Calpine Corp. has entered into a definitive agreement to sell its 50-percent interest in the 545- MW Lost Pines 1 Power Project to GenTex Power Corporation.
Constellation Energy names Shaffer general manager of new Nashville District Energy System
Constellation Energy Group's subsidiary, Constellation Energy Source, has named John Schaffer to the position of general manager of the new Nashville District Energy System (DES), the $48.2 million facility which replaced the Nashville Thermal Transfer plant on Dec. 15.
Duke Energy announces sale of French generating facility
Duke Energy announced the sale of Compagnie Thermique du Rouvray to Courant CTR Holdings SAS, an affiliate of ArcLight Capital Partners, LLC, for $79.7 million.
Williams announces three asset sales worth about $120 million
Williams has recently closed three transactions involving the sale of non-core assets in the company's midstream business and international holdings.
Mirant reports $33 million net loss for third quarter
Mirant reported a $33 million net loss for the third quarter of 2003, or 8 cents per diluted share compared to a restated net loss of $41 million, or 10 cents per diluted share, for the third quarter of 2002.
NorthWestern elects Schrum vice president of Human Resources and Communications
The Board of Directors of NorthWestern Corp. has announced that Roger P. Schrum has been elected Vice President of Human Resources and Communications, effective immediately.
KeySpan completes sale of interest in Phoenix Natural Gas
KeySpan Corp.'s subsidiary, KeySpan Energy Development Corp., has completed the sale of its 24.5% interest in Phoenix Natural Gas to East Surrey Holdings for $96 million.
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