Business 2003 P7 : 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 P7

Gaz Métro Limited Partnership to own 38.3% of Portland Natural Gas transmission system
Gaz Métro Limited Partnership said it intends to increase its ownership interest in Portland Natural Gas Transmission System (PNGTS) from 26.9% to 38.3% through the purchase of El Paso Corporation's interest in PNGTS for approximately US$21.6 million.

Ball named senior VP for Transmission at Southern Co.
William O. (Billy) Ball has been named Senior Vice President of Transmission Planning and Operations for Southern Co.

Newell resigns as officer of NorthWestern Corp.
NorthWestern Corp. reported that Daniel K. Newell has resigned as senior vice president of NorthWestern effective immediately.

Moody's confirms El Paso Corp.'s ratings; outlook negative
Moody's Investors Service confirmed the ratings of El Paso Corporation (B3 senior implied) and changed its outlook to "negative" from "developing."

El Paso Corp. announces resignation of Rodney D. Erskine
El Paso Corp. on Friday announced that Rodney D. Erskine, president of El Paso Production Co., has resigned from the company.

Hunt Technologies and GE Industrial Systems to team on metering platform
Hunt Technologies Inc. and GE Industrial Systems announce a joint development agreement for the creation of an option board for the GE kV2c / kV2 metering platform.

El Paso Corp. reports third quarter net loss of $146 million
El Paso Corp. reported results for the third quarter of 2003 and updated its progress on its 2003 operational and financial plan.

Bankruptcy court authorizes collateral in Sierra Pacific Resources-Enron dispute
A New York bankruptcy court has ruled on the collateral that its utilities, Nevada Power Co. and Sierra Pacific Power Co., will have to place in escrow, pending their appeal in a dispute with Enron.

Utility industry expert Hugo van Nispen joins KEMA management consulting
Hugo K. van Nispen joined international energy and utility consulting firm KEMA as a vice president of management consulting services.

New patent issued for heat recovery power generator technology
Proe Power Systems, an engine research and development company, announced that it has just received a Notice of Patent Claims Allowance from the U.S. Patent and Trademark Office for its new HRPG heat recovery power generator technology.

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