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Business 2004 P39



KEMA launches geospatial design and development consultancy spinoff
KEMA, an independent provider of technical and management consulting services to the electric power and gas energy industries, announced the formation of VELOCITIE Integration Inc. VELOCITIE is a GIS software design and development consulting firm focused on geospatial utility operations.

Black Hills Corp. announces CEO succession and changes in board membership
Black Hills Corp., in keeping with its ongoing succession planning process, announced new executive leadership and changes in the membership of the Board of Directors.

EMA opens Winnipeg office
EMA, Inc., has opened an office in Winnipeg, Manitoba, to better service the City of Winnipeg, one of EMA's key clients since 1978, and other clients in Manitoba and Saskatchewan.

MDU Resources tops Forbes Best Managed Utilities Companies list
MDU Resources Group, Inc. has been singled out by Forbes magazine as the Best Managed Company in the utilities industry in America.

Xcel Energy announces agreement to sell CLF&P
Xcel Energy announced a definitive agreement to sell its Cheyenne Light, Fuel & Power (CLF&P) electricity and natural gas operations to Black Hills Corp., pending regulatory approval by the Federal Energy Regulatory Commission and the Wyoming Public Service Commission.

Consolidated Energy, Inc. acquires coal reserves in Eastern Kentucky
David Guthrie, President and CEO of Consolidated Energy, Inc. announced that the company has acquired from Eastern Land Development, LLC, a mineral holding company in Eastern Kentucky, a six-million-ton coal reserve of low sulfur high BTU coal in Martin County, Kentucky.

FirstEnergy overhauls Davis-Besse operations management team
FirstEnergy Nuclear Operating Co. (FENOC) has announced several appointments in the Operations Department at its Davis-Besse Nuclear Power Station that are designed to sharpen its employees' focus on the execution of administration controls.

Endesa increased its investments in distribution by 13% last year
In 2003 Endesa invested Euro 746 million in its distribution business in Spain, a 13% increase over 2002.

Moody's places ratings of TECO Energy and Tampa Electric Co. under review for possible downgrade
Moody's Investors Service has placed the debt ratings of TECO Energy, Inc. (TECO) and Tampa Electric Company under review for possible downgrade.

Westar Energy announces loan repayment
Westar Energy, Inc. announced the repayment of $279.7 million of its bank term loan during the fourth quarter 2003.

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