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Bonds Issue Date Maturity Issuer Amount ($m) Offer Price Type of Security Coupon (%) Spread to Bench Mark Moody's S&P Book Manager(s) 3/21/03 4/1/33 Gulf Power 65 100 Sr Ins Qrt Nts 5.6 63 Aaa AAA Edward Jones & Co. 3/24/03 12/20/27 United Utilities 78.7 99.079 MTNs 5.625 97 A2 A- Barclays 3/25/03 4/1/08 Entergy Mississippi (Entergy) 100 99.942 Fst Mtg Bonds 4.35 140 Baa2 BBB+ BNP Paribas/BankOne M&A Date Announced Date Effective Target Name Target Advisors Target Country Acquiror Name Acquiror Advisors Acquiror Country Deal Value ($mil) 3/20/03 - Sichuan Mingxing Elec Power - China Shenzhen Minglun Group - China 34.489 3/20/03 - Sichuan Mingxing Elec Power - China Shenzhen Minglun Group - China 11.567 3/21/03 - Southern Hydro ABN AMRO Australia Meridian Energy Deutsche Bank New Zealand 350 3/22/03 3/22/03 UE - Russian Fed MDM Group - Russian Fed - 3/24/03 - AES Washington Holding(AES) - Ukraine Vacuna International - Belgium - 3/24/03 - AES Haripur, AES Meghnaghat - Bangladesh CDC Globeleq JP Morgan U.K. 437 3/25/03 3/25/03 Mountainview Power - U.S. Sequoia Generating - U.S. - 3/25/03 3/25/03 Mountainview Power - U.S. Sequoia Generating - U.S. - 3/25/03 - Verbundnetz Gas - Germany Wintershall - Germany - 3/26/03 - Nakayama Nagoya Kyodo Hatsuden - Japan Gas And Power Investment - Japan - 3/26/03 - Nakayama Kyodo Hatsuden - Japan Gas And Power Investment - Japan 41.655 Source: Thomson Financial Securities Data Company. For more information, call Rich Peterson at (973) 645-9701.

London-basedCDC Globeleq, a recently formed investment company charged by the U.K. government with buying generation assets across the emerging markets, tapped AES for two more power plants last week, following the brace of acquisitions it signed from the embattled U.S. IPP last December (PFR, 12/23).

Insight Energy, a Chicago-based generation acquisition player backed by Warburg Pincus, has been meeting banks in New York, Chicago and London to assess who is open for business in the project finance market as it closes in on its first acquisition.

Power Finance & Riskis proud to announce the winners of its second annual power project finance awards. Reflecting the lack of deal flow last year, we scaled back the award categories from five last year to just two, representing the best deals on each side of the Atlantic.

Abbey National Treasury Services has begun divesting its multi-billion dollar U.S. energy portfolio and is transferring its senior Asian project financier back to London to coordinate the process.

U.S. independent power producers InterGen and Tenaska and their respective lead banks have scooped the honor for arranging the best project loans either side of the Atlantic. InterGen's Spalding deal won plaudits for prospering against the backdrop of a U.K. market in chaos. Tenaska's Fluvanna project garnered praise for its tight structure in the equally tough U.S. arena.

The western U.S. proved a hotbed of power development projects in March, according to PFR's straw poll of publicly announced new activity. Five out the nine projects announced in March, including 50 MW of solar energy in Nevada from Duke Solar Energy and Sagebrush Power Partners' 182 MW wind farm in Washington, are in the Western states. Two new projects are slated for Rosemount, Minn. Both Great River Energy and Xcel Energy announced plans to build a combined 1,150 MW of new capacity in the city. A Great River spokeswoman described Rosemount as "a prime spot for power plants."

Joe Toussaint, v.p. of marketing and operations at Cincinnati, Ohio-based energy concern Cinergy, left the company earlier this month. Toussaint, a former ConAgra Energy Services, Enron and AIG trader, says the move was amicable and by mutual consent, noting that there were philosophical differences about the future direction of the business. He declined to elaborate on that point. Steve Brash, spokesman at Cinergy, says Toussaint's responsibilities are being covered in the interim by Michael Cyrus, ceo of Cincergy's energy merchant business. Brash says the company plans to look for a permanent replacement to fill Toussaint's slot. Toussaint says he is currently considering his options but hasn't yet formulated a plan.

Following is a directory of ongoing generation asset sales. The accuracy of the information, which is derived from many sources, is deemed reliable but cannot be guaranteed. To report new auctions or changes in the status of a sale, please call Will Ainger, managing editor, at (44-20) 7303-1735 or e-mail wainger@euromoneyplc.com.

Belgian power giant Electrabel is looking to hire a German power trader in Brussels. The slot opened up because incumbent German power trader Ed Solari recently transferred to Electrabel's oil trading desk, says a market official familiar with the matter. Solari declined to comment, and calls to other officials at Electrabel were not returned.