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Business 2005 P20



National Public Power Association names 2005-2006 officers
William J. Gallagher, general manager for the Vermont Public Power Supply Authority, Waterbury Center, Vt., was named chair of the board of directors of the American Public Power Association (APPA) at the association's annual National Conference this week in Anaheim, Calif.

Foxboro launches campaign to find the control room in North America that's most in need of a "makeover"
The Foxboro Automation unit of Invensys Process Systems announced a campaign to identify the control room in a North American process plant that is most in need of a complete design and equipment makeover.

Schneider Electric U.S. names Bader Rutter & Associates agency of record
Schneider Electric announced it has named Bader Rutter & Associates, Inc. as agency of record for its U.S. business. With its North American Operating Division headquarters based in Palatine, Ill., Schneider Electric is the recognized world leader in automation and electricity management.

Pacific Gas and Electric Company request for long-term electricity supplies generates great interest
Pacific Gas and Electric Company announced it has received a robust response from market participants to provide long-term electricity supplies for its 5 million northern and central California electric customers.

Capstone's New York office books 2.4 MW of microturbine orders
Capstone Turbine Corporation received orders for 2.4 megawatts of its 60-kilowatt microturbine systems from the company's Brooklyn sales and service office for customers in New York and New Jersey.

Allegheny Energy to receive a portion of Daniel L. Gordon's assets
Allegheny Energy, Inc. announced that it expects to receive approximately $11 million from the forfeited assets of Daniel L. Gordon, former head of the company's energy trading subsidiary.

Energy Hedge Fund Center asks "What's new in energy and environmental hedge funds?"
The Energy Hedge Fund Center (EHFC) announces a new seminar to take place in New York on July 13th, 2005 entitled "What's new in energy and environmental hedge funds." Best selling author Peter Fusaro and acclaimed market analyst Dr. Gary M. Vasey will present their latest findings and insights into the rapidly growing interest on the part of hedge funds and other investment vehicles in the energy and environmental industries.

S&P downgrades CVPS corporate credit rating
Standard & Poor's Ratings Services (S&P) late Friday downgraded CVPS's corporate credit rating from an investment grade of BBB- to a rating of BB+, which is below investment grade.

Visa USA rapidly expanding card acceptance in utility sector
Visa USA announced Salt River Project (SRP), the nation's third-largest public power utility and one of Arizona's largest water suppliers, has joined Visa's Utility Program and will accept Visa exclusively for automatic recurring bill payments.

Enterprise Agility: In search of graceful integration migration
Today it is accepted as fact that the enterprise exists in an unpredictable and uncertain environment. Under these conditions, sustainable viability and leadership are both dependant on effective response to the unexpected. This generally requires agility in business processes and business process support.

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