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*The privatization of Korea Power Engineering Co.and Korea Plant Service & Engineering Co., two units of Korea Electric Power Corp. (Kepco), has bee put on ice as the government reassesses plans to restructure Kepco (Dow Jones, 6/17).

Columbus, Ohio-based American Electric Power executed a long planned equity and convertible fund raising last week, raising $926 million as part of its effort to maintain credit quality ahead of planned corporate restructuring. The company sold 16 million new shares of common stock at $40.90 per share and six million equity units at $50 per unit. That split was determined after internal analysis and discussions with the rating agencies, says Pat Hemlepp, spokesman.

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 Enron Bantagas Philippines 110 PwC Intention to sell. Dabhol India 2,184 (administrator) 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 Flinders Australia 760 Coal Loy Yang A Australia 2,000 (25% stake) Coal Hsinchu Taiwan 400 (60% stake) Gas-fired Lanco Kondapalli India 340 (30% stake) Gas/Oil Collinsville Australia 192 (50% stake) Coal TermoRio Brazil 1040 (50% sake) Gas Deutsche Bank 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 Continued 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 Al-Jazzi 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.

Wilmington, Del.-based Conectiv tapped the bond mart the week of June 3 with a $250 million, three-year offering of senior unsecured notes to take advantage of favorable interest rates, according to Bob Marshall, manager of investor relations. He says the energy concern plans to use the proceeds to help pay down approximately $1 billion of short-term debt.

Banks have been lining up for tickets to participate in the $875 million loan funding MidAmerican Energy Holdings' Kern River natural gas pipeline expansion and many financiers predict the success of the deal could herald a turning point in the beleaguered power project finance market. As PFR went to press last week, the lead banks had 20 banks committed and expected to wrap with 30 firms signed on, says one banker. Prior to the launch market officials had been predicting strong demand because of rarity value of pipeline paper, the strong sponsor and the solid pricing of the deal (PFR, 5/20).

Dearborn, Mich.-based CMS Energy is looking to secure a short-term extension to a $450 million 364-day revolver that matures today to allow it time to renegotiate a new facility that has stalled in syndication. John Barnett, a company spokesman, says the talks with Citibank, Barclays Capital and Bank One are aimed at getting an extension through mid-July at which point CMS hopes to have the new facility in place. The new revolver was launched by Barclays and Bank One last month, along with a $300 million loan for Consumers Energy, before CMS became embroiled in the round-trip trading scandal (PFR, 5/6).

Leads arrangers on Conectiv's $365 million, four-year project loan funding the construction of a power plant in Bethlehem, Pa., expect to wrap up syndication tomorrow, after strong interest during syndication, according to project financiers. As of late last week, seven banks had committed and another 15 were finalizing possible tickets, says one banker. The facility, led by Credit Suisse First Boston and Bank of Nova Scotia (PFR, 5/13), is a solidly structured credit, says another banker. The short tenor of construction plus two years is overlapped by a five-year tolling agreement with Conectiv and that is going down well with project financiers, he adds.

Dominion Energy is involved in active discussions with Mirant, NRG Energy and Edison Mission Energy with a view to purchasing some of their generation assets in the MAIN to Maine region of the U.S., an area including the Northeast quadrant, Missouri, Illinois, Wisconsin, Michigan and Indiana. An official close to the matter explains Dominion's strategy is to take advantage of distressed asset sales, adding that it plans to strike a deal only if it deems prices are sufficiently low.

FPL Energy will juice up its equity contribution to an upcoming four-plant development program, allowing it to shave back the size of an associated non-recourse construction revolver from $2-2.4 billion to below $2 billion and to reduce the risk profile of the deal for lenders. The facility has been hotly anticipated, not least because of it size and the fact previous lead arrangerCitibank balked at the underwriting demands of the IPP arm of Juno, Fla.-basedFPL Group (PFR, 5/6) and walked away from the deal. But the merchant flavor of the deal, combined with its sizeable ERCOT exposure, will keep some banks on the sideline, despite FPL's profile as a sponsor, say project financiers.

Standard & Poor's analysts say they are becoming increasingly skeptical about power companies announcing extensive asset sale programs to bolster liquidity, noting they are looking for results and not more "excuses" on why sales are moving slowly. Peter Rigby, director told delegates, "We need to view announcements of asset sales with a healthy dose of skepticism. We are looking for achievements only."