$50 million targeted for commercial DG

The investment, believed to be the first major institutional financing dedicated to distributed generation installations in the U.S., is led by two Los Angeles-based companies, GFI Energy Ventures and Global Innovation Partners, and includes the California Public Employees Retirement System (CalPERS), Los Angeles-based Arden Realty, San Jose-based Divco West Properties, Detroit Edison, and CS First Boston, among others.

KANSAS CITY, Mo.–(BUSINESS WIRE)–May 2, 2001–At the annual meeting of UtiliCorp United today in Kansas City, Chairman and Chief Executive Officer Richard C. Green, Jr. told shareholders that the company expects to achieve its 2001 target of 15 percent growth in earnings per share.

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