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Business 2003 P30
Power Efficiency Corp. appoints Richard Koch CEO
Power Efficiency Corp., developers and international marketers of patented electric energy-saving devices, announced the appointment of Richard J. Koch as Chief Executive Officer of the company.
Al Koeppe to retire as president of PSE&G
Alfred C. Koeppe, president and chief operating officer of Public Service Electric and Gas Co. (PSE&G), has announced his plans to retire in October 2003.
Moody's downgrades ratings of Northwestern Corp.
Moody's Investors Service downgraded the debt ratings of NorthWestern Corporation (NOR; senior secured to B3 from B2). The outlook for the ratings is negative.
TransAlta Power, L.P. closes purchase of interest in Sheerness plant
TransAlta Power, L.P. announced the closing of the previously announced acquisition of an indirect 25 per cent interest in the Sheerness Generating Station.
DPL appoints director
DPL Inc. announced that Paul R. Bishop has been appointed to the Board of Directors of DPL Inc.
Cascade Natural Gas Corp. announces new chief operating officer
Cascade Natural Gas Corp. has announced the appointment of William H. Odell to the newly created position of Chief Operating Officer as part of a reorganization of its executive management structure.
Black Hills Corp. subsidiary settles with Commodity Futures Trading Commission
Black Hills Corp. has announced that a settlement was reached with the U.S. Commodity Futures Trading Commission (CFTC) relating to its marketing subsidiary, Enserco Energy, Inc. Based in Golden, Colorado, Enserco engages in natural gas marketing on the wholesale market and on behalf of independent producers.
Moody's cuts DPL Inc ratings to junk status
Moody's Investors Service has downgraded DPL Inc's senior unsecured debt to Ba1 from Baa2 and its commercial paper to Not Prime from Prime-2.
Big Apple Energy terminates deal with NuEnergy Group, Inc.
Big Apple Energy, LLC has withdrawn from a planned business combination announced June 5 with NuEnergy Group, Inc., apparently because of a failure to adequately respond to concerns raised under the Due Diligence provision of the agreement.
Court approves notice procedure for large-block holders of Mirant securities
Mirant announced that the U.S. Bankruptcy Court has approved an interim procedure requiring large-block stockholders, bondholders or other creditors of Mirant Corp. or its debtor subsidiaries including Mirant Americas Generation and Mirant Mid- Atlantic, to provide Mirant ten days advance notice of their intent to buy or sell certain claims against the Debtors, or shares of Mirant Corporation.
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