March 2004
Investment Dealers' Digest;3/29/2004, Vol. 70 Issue 13, p18
Trade Publication
This article presents developments related to investing banking in energy and power industries. Energy company Dynegy Inc. plans to make president and CEO Bruce Williamson its new chairman. The energy company also said it would name board member Patricia Hommick as lead director. Some analysts viewed the latter move as a political gesture, as many companies recently have separated the chairman and CEO positions in order to make boards more independent of executive influence. U.S. retail gasoline prices hit their highest level on record last week, according to a survey of gas stations by the American Automobile Association. The average hike for regular gasoline hit $1 .738 per gallon, up slightly from the previous record in late summer 2003.


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