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Business 2003 P54



Calpine sells interest in 115-MW King City cogeneration power plant
Calpine Corp. has completed the sale to GE Structured Finance of a preferred interest in a subsidiary that leases and operates the 115-MW King City Power Plant for approximately $82 million.

Ron F. Green joins USEC to direct American Centrifuge commercialization program
Ron F. Green has joined USEC Inc. as a senior vice president to lead the demonstration and deployment of USEC's American Centrifuge, the Company's next generation uranium enrichment technology.

Exelon announces management appointments, business strategy
Exelon Corp. has announced an aggressive effort to revamp its management and business strategy in the hopes that it will become the best and most consistently profitable electricity and gas company in the U.S.

El Paso Electric announces first quarter financial results
El Paso Electric has reported net income before the cumulative effect of a change in accounting principle for the first quarter 2003 of $2.1 million, or $0.04 basic and diluted income per share.

Power Measurement celebrates 20 years of energy management work
This month, Power Measurement celebrates the 20th anniversary of its incorporation.

Xcel Energy reports strong utility results for first quarter
Xcel Energy Inc.'s preliminary earnings for first quarter of 2003 were $192 million, or $0.48 per share, including results of subsidiary NRG Energy, compared with $102 million, or $0.29 per share, for the same period in 2002.

AEP reports first-quarter ongoing EPS of $0.61, an increase from 2002
AEP, boosted by a significant period-to-period gain in system sales, reported 2003 first-quarter ongoing earnings of $0.61 per share, a $0.02 per share improvement over the same period last year.

Elcom receives funding via private placement
Elcom International, Inc., an international provider of remotely-hosted eProcurement and private eMarketplace solutions, announced that it has closed a private placement of approximately $920,000 (resulting in approximately $675,000 in net cash proceeds to the company) of 10% Senior Convertible Debentures to accredited investors.

PPL reports increased first-quarter results compared to a year ago
PPL Corp. has announced increases in both reported earnings and earnings from core operations for the first quarter of 2003 compared to a year ago.

95 percent of Jenbacher's shareholders accept GE's tender offer
GE Power Systems reported that its offer to purchase Jenbacher AG, a manufacturer of reciprocating engines for power generation, has been accepted.

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