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Business 2004 P35
Piedmont Natural Gas elects Dr. David E. Shi to board of directors
The Board of Directors of Piedmont Natural Gas has elected Dr. David E. Shi to the board of the company.
Allegheny Energy announces change to board of directors
Allegheny Energy, Inc. announced that Frank A. Metz, Jr., 70, a member of the Board of Directors since 1984, has announced his retirement. Michael H. Sutton was appointed by the Board of Directors to fill the term of Metz, which is to expire in 2005.
Moody's downgrades FirstEnergy Corp. and some subsidiaries
Moody's Investor's Service downgraded FirstEnergy Corp.'s (FE) senior unsecured rating to Baa3 from Baa2.
Moody's downgrades TECO Energy Inc. senior unsecured debt rating
Moody's Investors Service has downgraded TECO Energy, Inc.'s senior unsecured debt rating to Ba2 from Ba1.
Dresser Inc., Mafi-Trench Corp. sign marketing agreement for component used on new power generation system
Dresser, Inc. has announced that it has entered into a marketing agreement with Mafi-Trench Corp. regarding the use of an important piece of component machinery for Dresser's recently introduced PiP (Pressure into Power) energy recovery system.
Illinois Power Co.'s ratings get boost after announced sale to Ameren Corp.
Moody's upgraded the ratings of Illinois Power Company (IPC: Sr. Sec. Debt to B1 from B3) following the announcement that Ameren Corporation had signed a definitive agreement to purchase the stock of IPC and a 20% interest in Electric Energy, Inc. (EEI) from Dynegy, Inc. for approximately $2.3 billion.
Catalytica Energy Systems to acquire SCR-Tech
Catalytica Energy Systems Inc., a provider of NOx solutions for combustion-related applications in the power generation and transportation industries, announced that it has entered into a definitive agreement to acquire SCR-Tech LLC, the North American leader in SCR catalyst regeneration technologies and management services for selective catalytic reduction (SCR) systems.
SG Corporate & Investment banking successfully completed over $1 billion in private placements for power sector in 2003
SG Corporate & Investment Banking (SG CIB), an arm of Société Générale Group, announced that it was sole placement agent and exclusive financial advisor for private placements in excess of $1billion in 2003 for companies in the US and Latin American power sectors.
Pantellos highlights continued EBITDA growth in year-end results
Pantellos reported continued revenue and EBITDA growth as well as a cash-flow positive status in 2003.
Great Plains Energy announces 2003 results and the plan to exit KLT Gas Inc.
Great Plains Energy Inc. has announced earnings for 2003 of $143.3 million, a 15% increase over 2002 earnings of $124.5 million.
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