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Peter Bickford, managing director at TD Securities in New York and a well-known face in North American power sector debt financing, has reportedly left the firm. Bickford's phone line at TD is no longer in service and calls to Julian Bott, head of TD's power group, were not returned by press time.

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 .

Babcock & Brown, a New York-based merchant banking and asset financing boutique, is looking to strengthen its London-based renewable energy practice with the hire of two junior investment bankers. The company is looking for a pair of professionals with at least two years power sector investment banking experience, saysCarl Tischler, who recently landed at the firm. The recruits must also have strong modeling experience. Tischler notes their workload will be split evenly between advisory work and private equity investing on behalf of the firm.

Lance Halgren, head of Eastern power and gas trading at Duke Energy North America in Houston, will leave at the end of the month to pursue other interests. Kate Perez, manager of public affairs in Houston, said a decision on Halgren's replacement will be taken in the coming days and weeks, declining further comment. Halgren declined all comment.

The Republic of Ireland's Electricity Supply Board has sealed a EUR690 million ($740 million) non-recourse loan financing its 800 MW Amorebieta combined-cycle gas turbine project in Spain, Iberia's first independent generation venture. The deal was inked this morning in London with mandated lead arranger Royal Bank of Scotland bringing on board a further eight lead arrangers, Allied Irish Bank, Banco Bilbao Vizcaya Argentaria, Banesto, Bank of Scotland, Bayerische Landesbank, Bank of Ireland, Fortis Bank and KBC Bank, says a financier involved in the deal. Syndication is likely to be launched next month with the lead banks looking to scale back their roughly EUR80 million investments to the EUR50 million level, says one lender. Tony Lowe, a project financier at RBoS, did not return calls.

FPL Energy, the unregulated generation arm of FPL Group, is on the prowl for power plants in the Northeast and Midwest quadrants of the U.S. and has reportedly earmarked up to $2 billion to fund deals with distressed sellers.

A 20-strong banking syndicate has taken control of the 680 MW Killingholme power plant in the U.K. after NRG Energy relinquished ownership Jan. 31. The exchange took place following roughly three months of protracted negotiations between NRG and a Bank of America-led syndicate about how best to restructure the debt after a sharp fall in U.K. electricity prices left NRG unable to cover its borrowings. Calls to Lesa Beda, an NRG spokeswoman, were not returned.

A roughly EUR425-450 million project level loan financingGrupo Dragados' 1 GW of wind farm projects in Spain could hit the bank market as early as April, say bankers close to the deal. Financing had originally been slated for the last quarter of 2002 but difficulties in obtaining construction permits for the projects around Castilla La Mancha, Leon and Madrid pushed back the timetable, notes one banker.

Bonds Issue Date Maturity Issuer Amount ($ mil) Offer Price Type of Security Coupon (%) Spread to Benchmark Moody's S&P Bookrunner(s) 1/31/03 11/15/12 Hydro One 197.5 101.093 MTNs 5.77 - - - BMO Nesbitt Burns/CIBC 1/31/03 1/31/34 Hydro One 131.7 99.919 MTNs 6.35 - - - BMO Nesbitt Burns/CIBC 1/31/03 2/14/33 RWE 811.7 98.67 MTNs 5.75 - A1 A+ ABN AMRO/HVB//Morgan Stanley 2/3/03 3/3/11 Kraftwerke Oberhalsi 88 100.18 Fxd/Straight Bd 2.625 - NR AA- Zuercher M&A Date Announced Date Effective Target Target Advisors Target Country Acquiror Acquiror Advisors Acquiror Country Deal Value ($mil) 1/30/03 1/30/03 Acque - Italy Investor Group - Italy 20.757 1/30/03 - Gaselwest - Belgium Electrabel Customer Solutions - Belgium - 1/30/03 - Igao - Belgium Electrabel Customer Solutions - Belgium - 1/30/03 - Imewo - Belgium Electrabel Customer Solutions - Belgium - 1/30/03 - Intergem - Belgium Electrabel Customer Solutions - Belgium - 1/30/03 - Iverlek - Belgium Electrabel Customer Solutions - Belgium - 1/30/03 - Iveka - Belgium Electrabel Customer Solutions - Belgium - 1/30/03 1/30/03 Caribbean Utilities - Cayman Islands Fortis - Canada 45.979 1/31/03 - BayCorp Holdings - U.S. BayCorp - United States 105.778 1/31/03 - Concord Power - Germany E.on - Germany - 1/31/03 - Fortum-Power Plant, Germany - Germany E.on - Germany - 1/31/03 - Fortum Distribution Smaland - Sweden E.on - Germany - 1/31/03 - Fortum-Power Plant,Ireland - Ireland-Rep E.on - Germany - 1/31/03 - Fredrikstads Energi - Norway Fortum - Finland - 1/31/03 1/31/03 Gerecsegaz - Hungary Tigaz - Hungary - 1/31/03 - Hafslund - Norway Fortum - Finland - 1/31/03 - Lenenergo - Russian Fed Fortum - Finland - 1/31/03 1/31/03 Mol-Gaz - Hungary Tigaz - Hungary - 1/31/03 - Ostfold Energi Kraftsalg - Norway Fortum - Finland - 1/31/03 - Ostfold Energi Nett - Norway Fortum - Finland - 1/31/03 1/31/03 Turulgaz - Hungary Tigaz - Hungary - 1/31/03 1/31/03 Zsamberkgaz - Hungary Tigaz - Hungary - 2/5/03 - Labuan Water Supply Sdn Bhd - Malaysia Investor - Malaysia 28.963 Source: Thomson Financial Securities Data Company. For more information, call Rich Peterson at (973) 645-9701.

Argentine contractorTechint has retained BNP Paribas to arrange a two-year, $127 million project loan to finance the construction of three substations and two transmission lines in northeastern Mexico.