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* The Federal Energy Regulatory Commission approved a $281.5-million settlement that California officials reached in April with Dynegy Inc. and NRG Energy Inc. over allegations of widespread abuses during the state’s 2000-01 energy crisis.

* Motorola Inc. President and Chief Operating Officer Mike Zafirovski has been elected to the board of directors at Boeing Co. The appointment, effective immediately, puts Boeing’s board back at 11 members.

* Walt Disney Co. said its board chose executive search firm Heidrick & Struggles to help it find a new chief executive to replace departing CEO Michael Eisner.

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