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Business 2003 P33



Arch Coal to invest $1.3 million in ADA-ES
ADA-ES, Inc. has signed a $1.3 million Securities Subscription and Investment Agreement with Arch Coal Inc., subject to completion of the spin-off of ADA-ES as a separate public company and certain other conditions.

Douglas L. Foshee elected El Paso Corp.'s president and CEO
El Paso Corp. on Wednesday announced that its Board of Directors has elected Douglas L. Foshee to serve as President, CEO, and a director of the company.

Calpine confirms $97 million settlement with Enron
Calpine Corp. confirmed that it has reached a preliminary agreement with Enron Corp. to settle the termination of certain natural gas and electricity contracts between Calpine and Enron affiliates.

Itron to acquire Schlumberger's North American electricity metering business for $255 million
Itron Inc. announced it has executed an agreement to acquire Schlumberger's Electricity Metering business (SEM) for a purchase price of $255 million.

Calpine signs new $500 million working capital facility
Calpine Corp., a North American power company, today announced that it has entered into agreements for a new $500 million working capital facility.

Capital-intensive companies using J.D. Edwards asset management solutions to optimize operating assets efficiency
The increasingly tight clamp on capital budgets continues to force heavily capitalized organizations to extend and optimize every aspect of their plant and equipment performance.

Mirant names Robert Dangremond chief restructuring officer
Mirant announced Wednesday that its board of directors has elected Robert N. Dangremond as chief restructuring officer.

New energy marketing company to provide direct link between gas producers and customers
The official launch of Energy Trust Marketing Ltd. (ETML), Canada's newest energy marketing business, was announced recently.

TransAlta announces renewed credit facility
TransAlta Corp. has announced the renewal of its corporate credit facility.

Chesapeake Utilities Corp. promotes Beth W. Cooper to corporate treasurer
John R. Schimkaitis, President and CEO of Chesapeake Utilities Corp., a diversified utility company headquartered in Dover, DE, announced that Beth W. Cooper has been appointed by the company's Board of Directors to the position of Corporate Treasurer, effective July 11, 2003.

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