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Business 2003 P44



Icahn and Panda Energy launch joint venture
Carl C. Icahn and Panda Energy International, Inc. announced that their affiliated companies have signed a joint venture agreement to co-fund Panda Acquisitions Group, which will actively seek to purchase US energy assets and related infrastructure.

BV Solutions Group Inc. and TRAQ-IT Inc. form joint venture
BV Solutions Group Inc. has entered into a joint venture agreement with TRAQ-IT, Inc., a provider of tradeshow software solutions.

AEP subsidiary begins sale of Texas generating assets
American Electric Power is soliciting bids for the purchase of all the generating assets of its AEP Texas Central Co. subsidiary (formerly known as Central Power and Light).

Dynegy unit renegotiating asset sale
Standard & Poor's Ratings Services said Monday that the uncertainty surrounding the sale of Dynegy Inc.'s (B/Negative/--) transmission system, owned by its subsidiary Illinois Power Co., will not affect Dynegy's credit quality.

JotMobile Networks announces field service software for Palm OS PDAs and mobile phones
JotMobile Networks announced launch of the Mojo™ field service application for MODBUS™ compliant devices and Palm OS computers.

GoodCents Solutions names Cannon Technologies its GoodCents Select technology partner
GoodCents Solutions® has announced that it has selected Cannon Technologies from a number of candidates as its technology partner for the GoodCents Select program.

Paul Evanson elected chairman, president, and CEO of Allegheny Energy
Allegheny Energy Inc.'s Board of Directors has unanimously elected Paul J. Evanson, currently president of Florida Power & Light Co., to serve as chairman, president, and CEO of the company.

Progress Energy Florida and Lake Mary agree on new franchise
Progress Energy Florida and the City of Lake Mary have agreed to a new electric utility franchise.

FuelCell Energy reports second quarter 2003 results
FuelCell Energy Inc. reported second quarter 2003 results for the period ended April 30, 2003 and key accomplishments on its 2003 initiatives.

Dynegy president and CEO highlights self-restructuring progress
At the annual meeting of shareholders Thursday, Dynegy Inc. President and CEO Bruce A. Williamson provided an update on the company's business direction for 2003 and beyond.

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