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Business 2003 P26
FEA Power Sector Model helps energy companies accurately value and assess risk for load service contracts and power generation assets
Financial Engineering Associates Inc. and a developer of derivative pricing and risk management technologies for the energy and commodities industries, unveiled the FEA Power Sector Model, a breakthrough approach to power price modeling.
NRG Energy Inc. signs agreement to sell McClain Generating Station
NRG Energy Inc.'s affiliate, NRG McClain LLC, has reached an agreement to sell its 77 percent interest in the McClain Generating Station to Oklahoma Gas & Electric Co., a subsidiary of Oklahoma City-based OGE Energy Corp.
Allegheny Energy names Joseph H. Richardson president, Allegheny Power
Allegheny Energy Inc. announced that Joseph H. Richardson, formerly President and CEO of Florida Power Corp., has been named President of Allegheny Power, the company's energy delivery business.
FirstEnergy Corp. defends its system as shares plunge on stock market
With service restored to its customers, FirstEnergy Corp. said it is collecting and analyzing data regarding the system, and would expect that the same effort is under way at utilities and regional transmission operators across the region.
National Energy Marketers to provide Excelergy ForwardMarket service to membership
National Energy Marketers Association (NEM), a national non-profit trade association representing marketers of energy and energy-related products, services, information and technologies, has signed an agreement to provide the Excelergy ForwardMarket™ energy pricing, analysis and news portal to its growing number of members in the United States, Canada and the United Kingdom.
NorthWestern Corp. CFO resigns
NorthWestern Corp. reported that Kipp D. Orme, vice president and chief financial officer, has resigned to pursue other interests.
NYISO begins review of outage, solutions
Now that the power supply is returning to normal following a widespread outage in the Northeast, the New York Independent System Operator (NYISO) is beginning a review of the outage and possible solutions for the future.
Dynegy expects net loss for 2003 of $240 to $190 million
Energy company Dynegy said it expects to report a net loss for 2003 of $240 to $190 million.
Unitil/FG&E and other Mass. companies file increases in electric standard offer rate
Unitil Corp.'s subsidiary Fitchberg Gas and Electric Light Co. has filed for an increase in its Standard Offer electric rates with the Massachusetts Department of Telecommunications and Energy.
RMSI incorporates legal entity in North America
RMSI, a global IT services company, announced that it has incorporated, in Silicon Valley, a wholly owned subsidiary, RMSI Inc. with an equity base of US $2 million.
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