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Duke Energy International is actively looking to develop projects in northeastern Mexico along the Texas border, according to a company official. "We see a lot of opportunities to grow in Mexico because it has managed to remain relatively [unscathed] by the regulatory and economic crises that have plagued Latin America. Unlike Brazil, Chile and Argentina, which have been hardest hit, Mexico remains very attractive," he says. The official says Duke is in the process of examining potential opportunities and plans to act over the next several months.

Edipower and its seven mandated lead arrangers at a bank meeting in Milan will launch syndication tomorrow of a EUR3.675 billion ($3.35 billion) 18-month loan to finance the acquisition of Eurogen from Enel. A banker involved in the transaction says the financing is being divided into a EUR1.8 billion, non-recourse loan secured against Eurogen's generation portfolio and three corporate-level loans.

Infocastheld its ninth Annual Power Industry Forum at Le Parker Meridien Hotelin New York City on April 24-26. Some 100 senior power and gas company executives, bankers and analysts attended. Amanda Levin Arnoldreports:

With many European utilities plotting an expansion across the pond, Randy McAdams, principal at Scott, Madden & Associates told attendees that foreign energy concerns should act expeditiously to take advantage of the current low valuations of U.S. power companies. "The time to come to the U.S. is now as valuations are great. If they wait too long, they risk a turn in the market," he noted.

In the wake of the Enron meltdown and rating agency downgrades bankers and analysts must go "back to basics" when evaluating power companies, Edward Tirello, managing director and senior power strategist at Berenson Minella in New York told attendees. He said, "No one could have possibly foreseen the actions taken by the rating agencies. What we all need to do now is to try to return to companies that have solid earnings and growth."

Barclays Capital this week will begin marketing an EUR200 million 16-year non-recourse loan tied to a Viridian Power-sponsored project in the Republic of Ireland. Viridian, the unregulated energy affiliate of Northern Irish Electricity, will used the proceeds to refinance the construction costs of Huntstown Power, a 350 MW combined-cycle gas turbine plant, slightly north of Dublin, which until now has been funded on Viridian's balance sheet.

FPL Energy's planned $2-2.5 billion construction revolver is in flux because co-lead arranger Citibank has reportedly declined to fully underwrite the long-awaited deal. Fellow co-lead Bank of Nova Scotia is still working with the Juno, Fla.-based independent power producer, says a Scotia banker, declining further comment. A Citi official declined all comment and calls to FPL were not returned by press time last Friday, but project finance bankers say Citi is now effectively off the deal.

San Diego-based Sempra Energy will use much of the proceeds from a $532.5-550 million, five-year mandatory convertible bond sale to pay down some of its $1 billion short-term debt load.

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. 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 Ascoy Spain 6 (20%) Wind J.P. Morgan Expects to sell assets this summer Cinergetika Czech Rep. 230 CHP Crisa Spain 6 (95%) Hydro Desebro Spain 15 (50%) Wind Energetika Chropyne Czech Rep. 48 CHP EPR Ely U.K. 36 Straw Moravske Teplamy Czech Rep. 410 CHP Paxareuras Spain 40 Wind 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 Enron 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 Independent Energy Various U.K. 130 N/A KPMG KPMG is handling the asset sale after Independent Energy went into receivership. MARCOR Remediation - Calif. 5.7 Wood - - (A broker acting for an undisclosed seller) 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 North Atlantic Energy Seabrook* N.H. 408 Nuclear N/A Must be sold by Dec. 2003. 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 Public Service Co. of New Merrimack N.H. 475.8 Coal J.P. Morgan Subject to approval for rate settlement by PUC Hampshire (Northeast Utilities) Newington N.H. 415 Oil/gas and state legislature. Schiller N.H. 146.6 Oil/gas Lost Nation N.H. 19.1 Diesel Merrimack N.H. 42.2 Diesel Schiller N.H. 18 Diesel White Lake N.H. 23 Diesel Amoskeag N.H. 17.5 Hydro Ayers Island N.H. 9.1 Hydro Canaan Vt. 1.1 Hydro Eastman Falls N.H. 6.5 Hydro Garvins Falls N.H. 12.1 Hydro Gorham N.H. 2.1 Hydro Hoolsett N.H. 1.95 Hydro Jackman N.H. 3.55 Hydro Smith N.H. 14.2 Hydro Reliant Resources Reliant Energy Power Netherlands 3,476 Mixture Merrill Lynch Is looking to seal sale imminently Generation Benelux Argener Argentina 160 CHP - - ScottishPower Hazelwood Victoria, Australia 1,600 Coal CSFB Final bids due shortly. 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. * North Atlantic Energy owns 34.8% of Seabrook *** Fortum owns 75% of Grangemouth. Mitsubishi owns the remainder.

Playboy magazine said its nude photo spread showcasing the "Women of Enron" will hit news stands July 1. The layout will feature former Enron employees from all over the world, not just from the company's Houston headquarters. The magazine got over 100 responses after announcing a search in March and 10 ladies were eventually photographed (Reuters, 5/1).