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ScottishPower has received local planning permission to build a 35 turbine wind farm in Scotland. The GBP20 million ($29.14 million) facility is expected to be operational by late 2003 and will be situated at Cruach Mhor in western Scotland. It will have a 29 MW capacity (Reuters, 6/9)

Sumitomo Corp. plans to set up a joint venture with Iran Power Plant Projects Management Co to build and operate an electric power plant in the country. The JV plans to build a 1GW power plant in Shirvan, northeast Iran by 2007 (Dow Jones, 6/11).

Swedish state utility Vattenfall will buy the 25.1% of Hamburgische Electricitaets-Werke (HEW) from the City of Hamburg that it doesn't own (Dow Jones, 6/11).

Brian Bird, treasurer at NRG Energy, has resigned following the completion last Monday of the buyback of the independent power producer by its former parent and majority shareholder Xcel Energy. Bird, who spent five years with the company, has a reputation among bankers as a knowledgeable and hands-on deal maker. A number of bankers say Bird was instrumental in NRG achieving strong financing terms on its jumbo $2 billion construction loan last year.

Graeme Hutchison, managing director and head of structured finance for the U.S. at RBC Capital Markets, will leave the firm at the end of this month. He says he is leaving because of differences with the firm over the direction of the group.

Spanish utility Iberdrola is considering securitizing its domestic transmission business after a recent attempt to divest the high-voltage network floundered, say bankers familiar with its plans. They note the Madrid-based utility is working with Banc of America Securities to structure the off-balance sheet deal, which, if successful, would likely be the first transmission-backed bond offering in Europe and probably the world. Iberdrola is Spain's third largest transmission concern with a 15% share of the network. Calls to Fernando Becker, cfo, and Ignacio Cuenca, head of investor relations at Iberdrola, were not returned and a BofA official declined to comment.

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 JP 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 Eurogen Italy 7,008 Various - Having sold Elettrogen it will sell one of two Interpower Italy 2,611 Various - other generation portfolios 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 Continued 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 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 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 - - 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) - - Has put up for sale following collaspe New Haven Conn. 1,100 (combined) of NRG deal.

AmerenEnergy Generating, the non-regulated generation arm of St Louis, Mo.-based Ameren, is in the process of tapping the 144a market for $275 million mostly to refinance the cost of adding generating capacity in Illinois. Among the plants are facilities at Kinmundy, Ill., and the re-powering of the Grand Tower plant in Jackson County, Ill., says Barbara Eiseman, credit analyst at Standard & Poor's, which has given the notes a BBB plus rating. Susan Gallagher, spokeswoman at Ameren, declined all comment on the deal, citing the private nature of the placement.

Empresa de Generacion Electrica Fortuna plans to use the proceeds from an upcoming $170 million U.S. dollar-denominated offering of 10-year senior notes primarily to refinance $138 million of long-term and short-term debt and to finance a $12 million loan to a shareholder, Americas Generation Corp. (AGC). Jason Todd, an analyst at Fitch Ratings in Chicago, says the notes will carry a fixed coupon after an 18-month grace period. He declined all comment on the expected terms and pricing of the notes or name banks involved in the deal. Calls to officials at Fortuna were not returned.

Bonds Issue Date Maturity Issuer Amount ($mil) Offer Price Type of Security Coupon (%) Spread to Treasury Moody's S&P Bookrunner(s) 05/30/02 06/01/05 Conectiv 250 99.823 Sr Unsecurd Nts 5.3 165 Baa1 BBB Morgan Stanley 05/30/02 - TXU 440 50.000 PRIDES - - baa3 - Merrill 05/31/02 02/15/08 PSEG Energy Holdings 135 99.864 Notes 8.625 428 Baa3 BBB- Lehman 06/03/02 06/01/32 Ameren Energy Generating 275 99.628 Notes 7.950 235 Baa2 BBB+ Lehman 06/04/02 06/15/12 El Paso 500 99.575 Notes 7.875 290 Baa2 BBB CSFB 06/04/02 06/15/32 El Paso Natural Gas 300 99.889 Notes 8.375 275 Baa1 BBB+ CSFB 06/04/02 09/11/12 Jersey Central Power 2002-1 52.5 99.935 Transition Bds 5.39 27 Aaa AAA Goldman 06/04/02 12/11/15 Jersey Central Power 2002-1 76.7 99.892 Transition Bds 5.81 35 Aaa AAA Goldman 06/04/02 06/11/19 Jersey Central Power 2002-1 101.3 99.921 Transition Bds 6.16 43 Aaa AAA Goldman 06/04/02 12/11/09 Jersey Central Power 2002-1 89.5 99.945 Transition Bds 4.19 14 Aaa AAA Goldman 06/04/02 06/01/12 Public Service Electric & Gas 600 99.803 Senior Notes 6.95 195 Baa1 BBB JPM/SSB Source: Thomson Financial Securities Data Company. For more information, call Rich Peterson at (973) 645-9701.