Mergers and Acquisions

Issue 10 and Volume 107.

North American Energy Services Company has acquired Hanover Compressor Company’s Turbine Field Maintenance group based in Houston, Texas. The field services group provides major maintenance services for rotating equipment.

A consortium of private equity firms comprised of The Blackstone Group, Apollo Management LP and Goldman Sachs Capital Partners has signed an agreement to acquire Ondeo Nalco from Suez N.A. in a transaction valued at $4.2 billion.

A unit of FPL Group has offered to pay $276.5 million for British Energy Plc’s 50 percent stake in AmerGen, part owner of the Clinton, Three Mile Island and Oyster Creek nuclear plants. Exelon abandoned a plan to sell its own 50 percent AmerGen stake in March.

Calpine has sold a 70 percent interest in its Auburndale, Fla. power plant to Pomifer Power Funding while retaining its remaining interest in the 150 MW cogeneration facility. Calpine also plans to sell its unconsolidated 50 percent interest in a 240 MW plant in Gordonsville, Va. to Dominion Virginia Power.

AES will sell its interests in the Republic of Georgia, which consists of three power plants, to Russian power monopoly Unified Energy Systems of Russia.

Green Power Energy Holdings Corp. and Cogentrix of North Carolina have agreed to an extension until Dec. 15, 2003 for its acquisition of the Kenansville, N.C. power facility.

NRG McClain LLC has agreed to sell its 77 percent interest in the 520 MW McClain Generating Station to Oklahoma Gas & Electric Co.

TransAlta Power, L.P. has acquired an indirect 25 percent interest in the Sheerness Generating Station in Ontario, Canada.

Dynegy has sold its 16 percent stake in the 37 MW Paris, Texas, plant; its 10 percent stake in the 83 MW Frontier plant in Grimes County, Texas; its 5 percent stake in the 12 MW Ferndale, Washington, plant; and its stakes in two plants in Honduras and Pakistan.

Correction:On page 30 of the August issue of Power Engineering, the reference to APTEC in the text (third column) was misspelled as “Aptech.” APTEC is owned by R-V Industries. The caption for the photo correctly cites Aptech Engineering Services. Power Engineering regrets the error. p