Business 2003 P47 : Electric Light & Power/Utility Automation & Engineering T&D News Covering AMR, T&D Automation, Electric Transformers Design, Power Distribution Transformers, SCADA Systems & more

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Business 2003 P47

CES names new EVP of product development and services
CES International, a developer of operations and network management software for the utility industry, has named Walter Kalsow executive vice president of product development and services.

Ralph Carter takes top spot at Pavilion Technologies
Former Datastream COO Ralph Carter was named president and chief executive officer of privately held Pavilion Technologies.

Calpine completes $82 million contract monetization
Calpine Corp. has completed the $82 million monetization of an existing power sales agreement with the Bonneville Power Administration (BPA).

Williams takes actions to redeem and repay Buffett investments
Williams has announced actions that will result in the retirement of the investments in Williams by a subsidiary of MidAmerican Energy Holdings Company, a member of the Berkshire Hathaway Inc. family of companies.

Con Edison to shareholders: Staying with basics maintains strong financial position
Consolidated Edison Inc. Chairman Eugene R. McGrath, at the company's annual meeting recently highlighted the utility's strong balance sheet and overall financial position and its continued record of increasing shareholder value.

Eutilia launches market research service for utility procurement
Eutilia, a knowledge exchange of the European utility industries, has commissioned market research firm Frost & Sullivan to prepare a series of specialist reports on various aspects of utility procurement.

Intergraph to resell FME products from Safe Software
Intergraph Mapping and Geospatial Solutions announced it will begin reselling Safe Software's Feature Manipulation Engine (FME)® products.

SeaWest WindPower spins off wind power information systems business
SeaWest Holdings Inc. announced it has spun off its former SeaWest WindPower Data Services Group into a new independent entity named Prasentia™.

Mirant reaches agreement to sell Birchwood Virginia generating assets
Mirant has signed an agreement to sell all but one half of one percent of its 50 percent interest in the coal-fired Birchwood power plant and related facilities to the Global Energy unit of GE Structured Finance (GESF) for a gross sales price of approximately $71 million.

Fitch revises Northeast Utilities' rating outlook to negative
Fitch Ratings has revised Northeast Utilities' (NU) Rating Outlook to Negative from Stable. The Negative Rating Outlook reflects uncertainty as to who will bear the added costs of locational marginal pricing (LMP) in Connecticut and the potential default by NRG Power Marketing (NRG-PM) on a crucial supply contract with Connecticut Light & Power's (CL&P).

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