Projects and contracts
B&V to develop coal plant: Black & Veatch has been selected by the Wisconsin Public Service Corp. to provide engineering services in the development of one of the largest utility-owned coal plants in the U.S., according to the company. The 500 MW unit will generate enough power for approximately 200,000 homes.
ElectriCities, Southern announce agreement: ElectriCities and Southern Company announced an agreement for Southern to be the power resource manager for North Carolina Municipal Power Agency Number 1, which consists of 19 municipal electric systems. Under the agreement, Southern will be the manager during 2003 and 2004.
TVA, Invenergy sign contract: TVA has signed a 20-year power purchase agreement with Invenergy, a Chicago-based energy development company, to add 27 MW of wind power to the 2 MW Buffalo Mountain wind park in Tennessee.
Calpine, LIPA sign deal: Calpine Corp. and the Long Island Power Authority (LIPA) will enter into a 16-year power purchase and sale agreement related to an 80 MW expansion of Calpine’s existing cogeneration facility located on the campus of the State University of New York at Stony Brook.
Mergers and acquisitions
Itron acquires Silicon: Itron Inc. has signed a definitive merger agreement to acquire Silicon Energy for a total consideration of $71.2 million. The transaction is expected to close by the end of February 2003.
ArcLight captures wind: ArcLight Capital Partners has acquired the 34 MW Big Spring electric power generating facility in Texas.
Eaton acquires Commonwealth: Eaton Corp. has purchased the power systems business of Commonwealth Sprague Capacitor. The purchase price was $6 million.
Legal and regulatory
SCANA subsidiary granted increase: SCANA Corp. reported that the Public Service Commission of South Carolina approved a 5.8 percent, or $70.7 million, increase in retail electric base rates for the company’s principal subsidiary, South Carolina Electric & Gas.
NRC orders plants to enhance authorization: The Nuclear Regulatory Commission has issued orders to all 103 operating commercial nuclear power plants requiring that licensees enhance their authorization programs for individuals to gain facility access. The specific security measures detailed by the order are labeled “sensitive,” but generally include restricting temporary unescorted access to a facility and re-verifying background investigation criteria for those individuals with unescorted access.
GE awarded certification: GE Power Systems’ Calgary manufacturing facility has been recognized as a “partner in health and safety” by the government of Alberta. GE is one of 57 companies in the province to achieve this status.
Consumer group files opposition to SMD: The Conference to Restore Just and Reasonable Electricity Rates has filed comments opposing the standard market design with the Federal Energy Regulatory Commission (FERC). Among other things, the filing criticized the “profiteering and price gouging that has undercut the affordability of electricity service.” There were 30 signers to the statement, including the Consumer Federation of America and California Public Utility Commissioners Loretta Lynch and Carl Wood.
ComEd announces good year: ComEd officials announced that 2002 was an outage-free year for more than 1.4 million customers, reflecting the company’s best reliability performance since 1998. Additionally, 71 percent of ComEd’s customers experienced one or no outages in 2002, up from 64 percent the year before.
EEI honors companies: The Edison Electric Institute (EEI) honored eight member power companies for outstanding service restoration and recovery efforts following severe storms and other extreme events in 2002. They are Cleco Power, Indianapolis Power & Light Co., Kansas City Power & Light Co., OG&E Electric Services, Southern California Edison, and Westar Energy, Entergy Corp., and Illinois Power Co.
PPM Energy is coming: PacifiCorp Power Marketing, ScottishPower’s competitive U.S. energy business, changed its name to PPM Energy.
Duke Capital Partners: F.T. Webster has been named president and chief executive officer.
NYISO: Richard Grossi will not seek re-election as chairman of the board of directors.
NorthWestern Corp.: Gary G. Drook has been elected interim CEO.
DPL Inc.: James V. Mahoney has been named president.
Plug Power: David Neumann is vice president and chief financial officer.
SEMCO: Arthur L. Pendleton, president and chief operating officer of the energy infrastructure construction division, is no longer with the company. Marcus Jackson will lead the unit until a successor is named.
Entergy Nuclear: Jerry W. Yelverton, CEO, will retire March 31. Gary Taylor will assume the role of CEO.
EPRI: Ellen Petrill has been appointed program director of the Distributed Energy Resources Public/Private Partnership at the Electricity Innovation Institute, a non-profit affiliate of EPRI.
Unitil: William Aubuchon, III has resigned from its board of directors. Dr. Sarah Voll will serve Aubuchon’s unexpired term.
CERA: Michael Zenker is director for North American natural gas. Philippe Frangules is director of business development. Marie Fagan is director, and Mike Farina is associate director.
Western Electricity Coordinating Council: Dennis E. Eyre, CEO, will retire in 2003.
Canadian Gas Assoc.: Michael Cleland is president and CEO.
Sierra Pacific Resources: Michael W. Yackira will be joining the company as executive vice president, strategy and policy.
Dynegy: Mike Mott, senior vice president and controller, has resigned from the company for personal reasons. Holli Nichols, vice president and assistant controller, will assume controller duties on an interim basis.
iWatt: Ray Wallin has been appointed chief financial officer.
Progress Energy: Mark Mulhern is senior vice president for Progress Ventures.
Duke Energy North America: Greg Harper to lead energy marketing as senior vice president. elp