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Reliant Energy is "seriously" weighing up issuing up to $600 million in equity within the next six to 12 months to reduce its debt-to-total capital ratio from 75-80% to 55-60%, according to David McClanahan, president and coo. "We've been talking to banks and they say it will be well received in the market," he said, declining to elaborate on the details of the possible equity offering.

The Weather Risk Management Association has hired a dedicated staffer to lobby for the industry on Capitol Hill. Pete Rose, newly hired director of government affairs, says a key part of his role is educating members of Congress about the existence of the weather risk industry and its economic importance. Rose, who has worked on the Hill for some 10 years, says the group will start to develop a lobbying focus on regulation in the fall.

* The U.S. needs to get moving to protect nuclear plants and the power grid against future attacks and may need to reorganize the way government agencies work together, said a report from the National Academy of Sciences, an independent organization that advises the government (Reuters, 6/24).

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. Seller Plants Location MW Plant Type Advisor Status American Electric Power/ Northeastern units 3 & 4 Okla. 300 Coal N/A Reviewing sale strategies. Central and Southwest Corp. Lon C. Hill Texas 546 Gas Nueces Bay Texas 559 Gas Ennis S. Joslin Texas 249 Gas ADWEA Um Al Nar Abu Dhabi 1,100 Gas & Water Desalination CSFB Looking to sell plants in 2003. AES Fifoots Point Fifoots Point U.K. 363 Coal KPMG (Administrator) Looking to sell plant by end of April BP Great Yarmouth U.K. 400 Gas J.P. Morgan Looking to sell plant this summer. Central Hudson Gas & Electric Syracuse N.Y. 100 CHP Navigant Final bids due by late Nov. Beaver falls N.Y. 100 CHP Niagara falls N.Y. 52 Coal Cinergy Cinergetika Czech Rep. 230 CHP J.P. Morgan Expects to sell assets this summer Energetika Chropyne Czech Rep. 48 CHP EPR Ely U.K. 36 Straw Moravske Teplamy Czech Rep. 410 CHP Pizenska Energetika Czech Rep. 406 CHP Redditch U.K. 29 Gas Teptama Otrokovice Czech Rep. 349 (11%) CHP CMS Energy Loy Yang Melbourne, Australia 2,000 Coal Not chosen Announced intention to sell. Ensenada Argentina 128 Gas-fired J.P. Morgan CT Mendoza Argentina 520 Gas-fired J.P. Morgan El Chocon Argentina 1,320 Hydroelectric J.P. Morgan DPL All plants Ohio 3,500 N/A Morgan Stanley Enel Interpower Italy 2,611 Various CSFB, Lehman, Having sold Elettrogen and Eurogen it will Merrill sell one more generation portfolio shortly. Enron Nowa Sarzyna Poland 116 PwC Intention to sell. Sarlux Italy 551 (administrator) Trakya Turkey 478 Chengdu Cogen China 284 Northern Marianas Guam 80 Bantagas Philippines 110 Dabhol India 2,184 Subic Bay Philippines 116 Teesside U.K. 1875 Wilton U.K. 154 IVO Energy Brigg U.K. 240 Gas - Looking to refocus in Nordic region. Grangemouth*** U.K. 130 Gas Edenderry Ireland 120 Peat Mirant Canal Mass. 1,109 Gas & Oil Merrill Lynch Part of $1.6B restructuring Kendall Mass. 100 Gas & Oil Martha's Vineyard Mass. 12 Gas & Oil Niagara Mohawk Power Nine Mile Point 1 N.Y. 1,614 Nuclear N/A Awaiting bids. Nine Mile Point 2 N.Y. 1,140 Nuclear N/A NRG Gladstone Power Australia 1,500 (37.5% stake) Coal ABN AMRO Awaiting bids. Flinders Australia 760 Coal Loy Yang A Australia 2,000 (25% stake) Coal Continued NRG Hsinchu Taiwan 400 (60% stake) Gasfired ABN AMRO Awaiting bids. Lanco Kondapalli India 340 (30% stake) Gas/Oil Collinsville Australia 192 (50% stake) Coal TermoRio Brazil 1040 (50% sake) Gas Deutsche Bank Awaiting bids. COBEE Boliva 220 (98% stake) Hydro/Gas Itiquira Energetica Brazil 160 (98% stake) Hydro Cementos Pacasmayo Peru 66 Hydro/Oil Bulo Bulo Bolivia 90 (60% stake) Gas-fired Cahua Peru 45 Hydro NRG/Xcel CEEP Poland 10 (10% stake) Goldman Awaiting bids. Csepel II Hungary 389 Gas/Oil ECK Czech Republic 350 (44% stake) Coal/Gas/Oil Enfield U.K. 380 (25%) Gas-fired Killingholme A U.K. 680 Natural Gas MIBRAG Germany 238 (50% stake) Coal NRG Big Cajun II La. 2,400 (90%) Coal - Has shortlisted three bidders Pike Miss. 1,192 Gas Batesville Miss. 1,129 Gas Brazos Valley Texas 633 Gas Kaufman Texas 545 Gas Big Cajun La. 458 Gas McClain Okla. 500 (77%) Gas Bayou Cove La. 320 Gas Sabine River Texas 420 (50%) Gas Sterlington La. 202 Gas Mustang Texas 485 (25%) Gas Pryor Cogen Okla. 88 (20%) Gas Timber Fla. 13.8 Biomass Power Smith Okla. 80 (9.6%) Gas Oman (Ministry of Housing, Rusail Oman 730 Gas CSFB Electricity & Water) Ghubratt Oman 507 CHP Wad AlJazzi Oman 350 Gas Ontario Power Generation Lennox Ontario 2,140 Oil, gas Merrill Lynch & Expects to sell Lennox and Lakeview shortly. Lakeview Ontario 1,140 Coal Scotia Capital Atikokan Ontario 215 Coal Thunder Bay Ontario 310 Coal Mississagi River Ontario 490 Hydro Pacific Gas & Electric 68 Plants Calif. 3,800 Hydro Morgan Stanley Awaiting PUC approval. Expect sale to close shortly. Polish Treasury Elektroncieplownie Poland CHP - Bids due in June. Pozpnanskie Reliant Resource Argener Argentina 160 CHP TXU Lake Creek Texas 323 Gas Merrill Lynch Reviewing sales strategy. Tradinghouse Texas 1,340 River Crest Texas 110 Mountain Creek Texas 893 Parkdale Texas 327 North Main Texas 123 Monticello Texas 1,900 Coal Merrill Lynch Is looking to sell an undisclosed number of its Martin Lake Texas 2,250 coal assets. Big Brown Texas 1,150 Sandow Texas 545 Wisconsin Energy Bridgeport Conn. 1,100 (combined) CSFB Has put up for sale following collaspe New Haven Conn. 1,100 (combined) of NRG deal.

U.S. energy concern Aquila has made a U-turn over plans to shut down its European trading business. Aquila traders told counterparties Thursday morning that it remains committed to the European energy market just two days after an Aquila spokeswoman told PFR that its London-based trading operations were set to be unwound in an

Dynegy Europe is close to hiring ABN AMRO to advise on the possible divestiture of part of its U.K. gas storage business. M&A bankers in London say the energy trader has yet to officially appoint an advisor, but has begun discussing the mandate with the Dutch bank.

ASM Brescia, an Italian municipal utility, will make its initial public offering at the end of this month or early July with a roughly EUR500 million stock offering primarily to finance the expansion of its generation portfolio.

AES is looking to extend the maturity by a year of some $580 million of debt coming due in the third quarter at troubled Brazilian subsidiary AES Eletropaulo. Barry Sharp, cfo, says the Arlington, Va., IPP is looking to create a bridge facility to extend the maturity of $470 million of debt due August and $110 million of debt due the following month. He declined to discuss specific details of the refinancing.

Neal Schmale, executive v.p. and cfo of San Diego-based Sempra Energy, said the company is looking to develop a number of new generation projects in northern Mexico situated close to its Norte Baja Pipeline, as it believes this particular region of the country has good future growth prospects. He declined to discuss Sempra's specific expansion plans.

Eric van der Walde, executive v.p. at AEP Energy Services, said the unregulated trading and marketing subsidiary of American Electric Power is on the lookout to acquire natural gas-fired assets in the New Jersey, Pennsylvania and Maryland (PJM) power pool as part of a strategy to diversify its predominantly coal-fired portfolio which is based in the Midwest and Texas. Some 70% of AEP's 19,600 MW U.S. generation capacity consists of coal plants, 25% is gas-fired and the remaining 5% comes from nuclear and renewable power, he said.