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Business 2003 P8



Reliant Resources reports third quarter loss of $791 million
Reliant Resources Inc. reported a loss from continuing operations of $791 million, or $2.69 per share, for the third quarter of 2003, compared to income from continuing operations of $108 million, or $0.37 per share, for the same period of 2002.

Siemens and NewEnergy Associates celebrate first anniversary of acquisition
NewEnergy Associates recently celebrated its first anniversary as part of the global Siemens Power IT Solutions business unit.

Xcel Energy proposes investing $164 million in new generating facilities in Minnesota and South Dakota
Xcel Energy proposed investing approximately $164 million in generating capacity in Minnesota and South Dakota to ensure adequate electricity supply for its Upper Midwest customers on the hottest days of the year.

3M Co. wins Minnesota Tekne Award for capacity-boosting electric power-line conductor
The 3M Composite Conductor has earned 3M Company and its Performance Materials Division the 2003 Tekne Award for established companies in the innovation category.

FAME announces agreement with GFI to market European power data
FAME Information Services Inc. announced that it has entered into a data distribution agreement with GFI Group, (GFI), a major global energy brokerage, market data and analytical software provider.

Vice presidents moved to fill vacancies at Entergy Nuclear
Entergy Nuclear's South region is moving vice presidents among two plants and its headquarters according to South Chief Operating Officer Bill Campbell.

Enbridge Inc. and FuelCell Energy sign distribution agreement
Enbridge Inc., a provider in energy transportation and distribution in North America and internationally, and FuelCell Energy Inc., a manufacturer of stationary fuel cell power plants for distributed generation, announced that they have finalized an agreement whereby Enbridge will be a distributor of FuelCell Energy's Direct FuelCellR (DFCR) products in Canada.

New program helps Dresser-Rand clients increase equipment availability and reliability
Dresser-Rand has established RECON, a performance and condition monitoring solution to keep rotating equipment operating at peak efficiency.

Thomas B. King named Senior Vice President and Chief of Utility Operations
Pacific Gas and Electric Company announced the election of Thomas B. King, 41, as Senior Vice President and Chief of Utility Operations.

NiSource completes sale of Primary Energy assets
NiSource Inc. has closed the previously announced sale of all of the steel-related, inside-the-fence assets of its subsidiary Primary Energy, Inc., to Private Power, LLC, a privately held power development firm backed by American Securities Capital Partners, LLC (ASCP), a New York private equity investment firm.

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