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Business 2004 P19
Itron completes acquisition of Schlumberger electricity metering
Itron Inc. announced that the Company has closed its purchase of Schlumberger Limited's (Schlumberger) electricity metering products business (SEM).
SDG&E, LADWP seek more renewable energy
SDG&E and the LADWP have both issued requests as they seek to increase their portfolios of renewable energy resources.
VA TECH T&D acquires 40 percent share from Schneider Electric joint venture
With the acquisition, VA TECH T&D strengthens its core business in the high-voltage switchgear sector.
Capgemini Energy opens doors for business
Capgemini Energy will initially provide business process services and information technology solutions to TXU, with plans to offer similar services to other energy companies.
TXU announces share repurchase
TXU Corp. announced that it repurchased 20 million shares of its outstanding common stock through an accelerated share repurchase agreement at an initial price of $39.86 per share. TXU plans to use the shares to offset the majority of up to 21.2 million shares of common stock that would be issued under its $1.017 billion of outstanding equity-linked securities, the terms of which require issuance of common stock in November 2004, November 2005 and May 2006.
Global Power Equipment Group, Inc. to acquire Nanjing Boiler Works in China
Global Power Equipment Group Inc., a design, engineering and fabrication firm providing a broad array of equipment and services to diversified global companies engaged in the power and process industries, announced that is has reached a definitive agreement with Nanjing Machinery & Electronics Industrial (Group) Co. Ltd. to purchase a 90 percent interest in Nanjing Boiler Works located in Jiangsu province in eastern China.
Energy Investors Funds' U.S. Power Fund, L.P. acquires Black River Energy L.P.
Energy Investors Funds Group, an established private equity fund manager that invests in the energy and electric power sector, announced that its US Power Fund, L.P. has acquired Black River Energy, L.P. and its assets including Black River Generation, located in Watertown, New York and Hawaii-based Hamakua Energy Partners. The financial terms of the transaction were not disclosed.
Arclight Capital Partners closes $1.6 billion energy fund
ArcLight Capital Partners LLC, one of the world's leading energy investment firms, announced the firm has raised a $1.6 billion private equity fund to invest in assets across the power and energy value chain.
Electrotek senior consultant elected secretary of key IEEE committee
Electrotek Concepts, a worldwide engineering consulting firm specializing in power quality and electric infrastructure, announced that Thomas E. Grebe, PE, has been elected secretary of IEEE Transmission & Distribution Committee. Grebe, a senior consultant with Electrotek, will begin his two-year term in January 2005.
World's largest infrared users' conference to be held in Las Vegas
InfraMation 2004 will be the fifth consecutive Thermographers' Conference held by the Infrared Training Center and FLIR Systems, and by far the largest sanctioned infrared camera applications conference ever held.
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