New business

Issue 5 and Volume 101.

New business

AES Electric raised $184

million of nonrecourse project finance for its 230 MW gas-fired combined-cycle power plant in Barry, South Wales, United Kingdom.

Public Service Enterprise Group has launched a

World Wide Web site at

The Coastal Corp. and Westcoast Energy Inc. have announced agreements to create joint natural gas and electricity marketing companies for North America to operate as Engage Energy US L.P. in the United States and Engage Energy Canada L.P. in Canada.

Wisconsin Electric was recently recognized by Renew America, a national environmental organization, for its Southeastern Wisconsin Brownfields Restoration Initiative and for its Belize Bound Program. Renew America also recognized Central and South West Corp. with its Award for Environmental Sustainability in renewable energy.

Itron and Southeastern Michigan Gas Enterprises Inc. have announced that the two companies have agreed to form a marketing alliance to promote energy management solutions.

Public Service Electric and Gas has announced plans to enhance and expand its Information Technologies Department, beginning with the recruitment of 100 candidates to fill high-tech positions in New Jersey.

Portland General Electric saluted North American Energy Services Co. for its outstanding safety performance in the decommissioning of the Trojan Nuclear Plant. The Oregon Occupational Safety & Health Division presented North American with the 1997 Governor?s Occupational Safety and Health OSmall EmployerO and OTeamO awards for having more than 500,000 man-hours worked without a lost-time accident.

Southern California Edison has awarded an $80 million contract to ABB Combustion Engineering Nuclear Operations to supply fuel to its San Onofre Nuclear Generating Station.

React Ltd. has been awarded a turnkey steam turbine/generator rehabilitation and overhaul contract for a 300 MW GEC unit in Northern Ireland.

El Paso Energy Corp. has plans to cut its work force by 261 in a company-wide plan to maximize efficiency.