Search results for

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 Expected to send out RFPs in December. 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 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 - other generation portfolios shortly. Enron Bahia Las Minas Panama 355 Various PwC Intention to sell. Pueto Quetzal Guatemala 110 (administrator) PQPLLC Guatemala 124 Margarita II Nicaragua 70.5 EcoElectrica Puerto Rico 507 Puerto Plata Dominican Republic 185 Cuiaba Brazil 480 Nowa Sarzyna Poland 116 Sarlux Italy 551 Trakya Turkey 478 Chengdu Cogen China 284 Enron Northern Marianas Guam 80 PwC Intention to sell. Bantagas Philippines 110 (administrator) Dabhol India 2,184 Subic Bay Philippines 116 Teesside U.K. 1875 Wilton U.K. 154 IVO Energy Brigg U.K. 240 Gas BNP Paribas Preparing information memo. South Humber U.K. 1,240 Gas 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. 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 Public Service Co. of New Schiller N.H. 18 Diesel Subject to approval for rate settlement by PUC Hampshire (Northeast Utilities) White Lake N.H. 23 Diesel and state legislature. 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.

A low interest-rate environment has prompted the Florida Municipal Power Agency to lock in funding costs by calling floating-rate notes with two fixed-coupon bond deals. The Orlando-based agency tapped the bond market recently with $45.8 million and $85 million of fixed-rate revenue bond offerings to refinance FRNs issued to help fund the construction of the Stanton and Stanton II generation projects, respectively.

Despite plans by its future parent to divest much of its Latin American portfolio, Minneapolis- based NRG Energy remains on the lookout for acquisitions in the region. The IPP is on the hunt for hydroelectric and gas-fired plants to increase its exposure in the region and take advantage of low asset valuations, according to an NRG official. "We are looking for assets throughout all of Latin America, but the hottest area is Brazil, so we have been focusing on this country in particular," he explains.

Ontario Power Generation will shortly open a 25-strong trading office in the Midwest as part of its ambitious plan to become one of the top 10 power generators in the U.S. Graham Brown, coo of OPG, says the company will use the trading office to learn about the U.S. energy markets and then go out and buy assets. He says OPG intends to make a slew of power plant acquisitions within the next 24 months in the MAIN to Maine northeastern quadrant.

Roger Conlin, head of power and utilities for Europe and the Middle East at International Bank of Japan in London, has left the firm as part of its three-way tie-up to form Mizuho. Although IBJ, Fuji Bank and Dai-Ichi Kangyo Bank merged formally some 18 months back, the corporate banking business was only fully intergrated recently, explain financiers.

Houston-based Reliant Resources is preparing a corporate level loan that could top out at $1.93 billion to pay off two non-recourse mini-perms maturing in the fourth quarter. Bankers holding paper in the two project loans have been told by facility agents to expect the new deal details around the middle of next month, says one project financier. Bill Waller, treasurer at Reliant, declined all comment.

Italian energy giant Enel has launched the sale of its third generating company Interpower. Offers for the 2,611 MW company have to be placed by May 13. Interpower is the smallest of the three genco's Enel has to sell in order to comply with a law on energy sector liberalization requiring it to shed 15,000 MW of generating capacity by 2003 (Reuters, 4/21).

National Grid, monopoly owner of the electricity grid in England and Wales, plans to acquire U.K. gas distributor, Lattice, in a deal worth about GBP 6.3 billion ($9 billion).

AES' bankrupt Fifoots Point power station in the U.K. is expected to find a buyer by the middle of next month, according to a partner at KPMG, which is handling the sale. More power companies than expected have expressed interest in the coal-fired station, said Richard Hill, the plant's administrative receiver. Innogy, the biggest U.K. electricity supplier, may bid for the plant according to Brian Senior, head of trading and asset management (Bloomberg, 4/21).

Arlington, Va.-based AES has put the sale of its Latin American power portfolio on the backburner until later this year because of the large amount of generation capacity already on the block in the region and low interest from potential buyers.