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Business 2003 P42



El Paso shareholders reject rival board proposal
The fight to reorder the board of El Paso Corporation has ended in an unsuccessful bid by dissident Selim Zilkha to sway shareholder votes.

Williams closes $1.1 billion sale, divests interest in Williams Energy Partners
Williams announced it has completed the sale of its 54.6 percent ownership interest in Williams Energy Partners L.P. in a $1.1 billion transaction.

Itron named No. 2 public company in Seattle-Times' "Northwest 100"
The Seattle-Times newspaper has ranked Itron as the region's No. 2 public company in its annual "Northwest 100" list.

U.S. Energy Systems appoints new chief accounting officer
U.S. Energy Systems Inc. has reorganized its accounting department and the appointment of Thomas J. Noonan as Vice President and Chief Accounting Officer (CAO).

TransAlta Power, L.P. acquires interest in Calgary, AB, power plant
TransAlta Power L.P. announced that it will acquire a 25 percent interest in the two-unit, 756-MW coal-fired Sheerness Generating Station located 200 kilometres northeast of Calgary, Alberta for $315 million through its 49.99 percent interest in TransAlta Cogeneration, L.P.

Fuel-Tech N.V. enters into a strategic agreement with Peabody Energy
Fuel-Tech N.V. has a new agreement with Peabody Energy to work together on a case-by-case basis to market the company's Targeted-In-Furnace Injection technology to units using high sodium coals.

Utility investors basing purchase decisions on recommendations, attractive prices, survey says
Electric and gas utility stocks, once classified as investments suitable for "widows and orphans" because of their high degree of safety and dividend income, are attracting interest from a broader cross section of investors, according to new survey.

Water submetering company adds energy metering to wireless infrastructure
Wellspring International Inc., a provider of wireless, point-of-use water submeters for all building types, has unveiled its newest product - the Aqura energy meter.

American Superconductor names David Paratore senior vice president and general manager of Wires business unit
American Superconductor Corp., an electricity solutions company, has named David Paratore senior vice president and general manager of its Wires business unit, which manufactures and sells the company's high temperature superconductor (HTS) wire.

ABB opens new high voltage products factory in Pennsylvania
ABB held a grand opening recently at its new factory in Westmoreland County, Pennsylvania.

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