Gunars Ceksters named new Enersource Corporation president

With this promotion from his former role as Chief Operating Officer of the corporation’s electricity distribution affiliate Ceksters immediately assumes all responsibility for management of Enersource Corporation’s full range of regulated and non-regulated business interests.

HOUSTON, May 22, 2001 – Powell Industries, Inc., a supplier of systems and equipment for the control, distribution and management of electric power, today announced earnings per share were 30 cents (basic and diluted) for the second quarter ended April 30, 2001, up 114% from 14 cents in the same quarter last year.

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