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ELP Volume 80 Issue 10

Finance Briefs

Mirant announced the sale of its 49 percent economic interest in and shared management control of, Western Power Distribution Holdings Limited and WPD Investment Holdings (both identified jointly as WPD) to PPL Corp. for $235 million.

Tech Briefs

Waukesha Electric Systems plans to consolidate power transformer production into plants in Wisconsin and North Carolina, closing its facility in Milpitas, Calif., and transferring large power production to its Waukesha, Wis., operations.

Natural gas infrastructure development on hold

The gas industry's ability to develop new resources and head off an imminent supply crisis is greatly hampered by reduced cashflow and lack of access to new capital. Market participants are afraid (or unable in a cash-constrained environment) to respond to above $3.00/MMBtu longer-term gas prices on NYMEX with aggressive exploration and production programs as they did beginning in spring 2000.

S&P chronicles post 9-11 energy sector damage

The Enron Corp. bankruptcy, the weakening of the power markets in the U.S., and the recent investigations into electricity trading have sharply focused the news media, Congress, the Federal Energy Regulatory Commission and the Securities Exchange Commission on the U.S. energy industry.

News Briefs

DTE Energy announces hydrogen power park partnership: DTE Energy has been selected by the U.S. Department of Energy as its partner in a hydrogen power park project. Over the next three years, DTE Energy will develop, build and operate an integrated hydrogen energy system capable of delivering 15,000 kWh of environmentally friendly electricity per year.

Distributed knowledge management can enhance utility security

Information Systems (IS) are vital components of the control and management of power from generation to end-use. Supervisory control and data acquisition (SCADA) systems, which allow a control center to collect electrical system data from nodes placed throughout the power system, would not be possible without modern IS infrastructure.

Microbes harvest electricity from waste organic matter

Every day plants store vast quantities of energy by fixing carbon dioxide into organic matter. Recent studies in our laboratory have demonstrated a strategy for converting this energy into electricity.

ASCE T&D conference presents engineer’s point-of-view

The American Society of Civil Engineers' (ASCE) 2002 Electrical Transmission Conference: Electrical Transmission in a New Age, held in Omaha, Neb., in September, brought engineers from all over the U.S. and Canada to share research, development and information on their T&D work.

Markets, capital, regulations top OEM execs’ concerns

We're all waiting for a turnaround in the economy for personal reasons, and for most of us, for business reasons as well.

ComEd, Ill. Wind Energy partner for farm

ComEd, Illinois Wind Energy and Tomen Power Corp. announced plans for creating the "first commercial wind farm in Illinois," according to the companies. The Crescent Ridge wind energy project will become one of the largest wind farms east of the Mississippi River and will generate enough renewable energy to power approximately 20,000 Illinois homes.