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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 .

Entergy plans to forge ahead with four European generation development projects that have long been in the pipeline, despite recently pulling out of the U.K. generation market and selling its Spanish project portfolio to Tractebel (PFR, 9/2). The New Orleans-headquartered company handed over control of Damhead Creek, an 800 MW gas-fired plant in England, to its project-level bank group at the turn of the year (PFR, 1/13). Gareth Brett, senior managing director for Europe, declined to comment.

Belgium's Tractebel and Electrabel plan to send out requests for proposals to investment banks within the next few days to advise on a consolidation of their European energy assets. They've indicated that they intend to hire two advisors each, says one City investment banker. A spokeswoman at Tractebel says the two companies are still evaluating the restructuring, declining further comment on how talks are proceeding.

Following is a directory of upcoming projects and related financing in the Latin American power sector. To report new deals or provide updates, please call Amanda Levin, Reporter, at (212) 224-3292 or email: alevin@iinews.com

*Topeka, Kan.-based Westar Energy has appointed Mark Ruelle executive v.p. and cfo. Ruelle, most recently cfo at Sierra Pacific Resources, takes over from Paul Geist, who remains with Westar as v.p. and treasurer (The Wall Street Journal, 1/21).

MidAmerican Energy Co. (MEC), the utility arm of Warren Buffett's MidAmerican Energy Holdings, hit the market for $275 million in 10-year, senior unsecured notes to repay debt and also partially fund the construction of a new 540 MW facility. The utility commanded a tight coupon of 5.125%, reflecting it's pure unregulated business profile and in part the strong implicit backing from the Buffett empire, says Karen Anderson, associate director at Fitch Ratings in Chicago.

Boston hedge fund Adage Capital Management has begun eyeing the utility sector and has hired an analyst from Putnam Investments to initiate the effort, according to an industry official familiar with the situation. Sheldon Simon confirmed he left Putnam to join Adage Capital, but declined to elaborate. Adage Capital has roughly $5 billion in assets under management primarily invested in large cap U.S. equities. A Putnam spokeswoman declined to comment.

Southern Power, the independent power producing arm of Atlanta-based Southern Co., plans to tap the bond market with a $600 million offering by mid-year to finance general operations. Separately, five utility subsidiaries of Southern Co., including Alabama Power and Georgia Power, could issue some $1 billion of bonds in 2003 to refinance maturing debt.

WestLB has offered Reliant Resources a three-month extension on its chunk of the Houston power player's $2.9 billion bridge facility that matures Feb. 19--a move characterized by bankers as unusual and perhaps divisive given that the bank isn't a lead on the deal. One lender says the move suggests a breaking of ranks between the agent banks that are conducting negotiations with Reliant and more junior members of the lending syndicate. WestLB officials declined comment. PFR was unable to ascertain the German bank's exposure to the deal.

BNP Paribas has hired two former Aquila Energy power traders to make a push into European electricity trading. Simon Dent and Rob Kelvey joined the French bank in London on Jan. 6.