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American Electric Power has hired Enron's top weather derivatives trader to fire up a desk for the Columbus, Ohio, power-trading giant. Steven Vu is in the process of relocating from Houston and will report to Bill Reed, head of trading at AEP. Vu declined comment, referring calls to Reed, who did not respond by press time. The entry of AEP into the market has weather players salivating: given the amount of end-user power business the firm handles, the prospects for follow-on weather flows is strong, says one rival.

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. 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 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 - - Northern Marianas Guam 80 - - Bantagas Philippines 110 - - Dabhol India 2,184 - - Subic Bay Philippines 116 - - (Continued) Enron Teesside U.K. 1875 Various PwC Intention to sell. Wilton U.K. 154 (administrator) 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) North Atlantic Energy Seabrook* N.H. 408 Nuclear N/A Must be sold by Dec. 2003. NRG CEEP Poland 10 (10% stake) - - Is currently selecting a financial advisor 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 - Gladstone Power Australia 1,500 (37.5% stake) Coal - 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 - 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 - 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 - 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.

Bonds Date Maturity Issuer Amount Price Type of Security Coupon (%) Moody's S&P Book Manager(s) 03/07/02 12/30/05 Nederlandse Waterschapsbank 63.2 100.736 Fxd/Straight Bd 4.5 Aaa AAA TD Securities 03/07/02 03/27/07 Tokyo Electric Power 876.7 100.977 Fxd/Straight Bd 5.125 Aa2 AA- BNP Paribas/West LB 03/08/02 03/15/07 Kansas City Power & Light 225 99.795 Notes 6 A2 BBB BA SEC/BNP Paribas 03/08/02 03/15/12 NorthWestern 470 99.841 Senior Notes 8.75 Baa2 BBB+ Barclays Capital/Morgan Stanley 03/08/02 03/15/07 NorthWestern 250 99.946 Senior Notes 7.875 Baa2 BBB+ Barclays Capital/Morgan Stanley 03/12/02 03/12/04 Mississippi Power 80 100 Float Rate Nts Floats A1 A Lehman Brothers 03/13/02 - Dominion Resources 300 50 Eq Sec Units - baa1 BBB+ Citigroup 03/13/02 07/27/06 EDF 65.1 100 Fxd/Straight Bd 5.76 Aaa AA+ MILTD 03/13/02 07/27/06 EDF 90 100 Fxd/Straight Bd 4.54 Aaa AA+ MILTD 03/13/02 12/15/08 Transco 260.2 99.327 Fxd/Straight Bd 7.125 A2 A RBC/DOM M&A Date Announced Date Effective Target Name Target Country Acquiror Acquiror Country Value ($mil) 03/07/02 - Kern River Gas Transmission United States MidAmerican Energy Holdings U.S. 960.000 03/07/02 - Williams United States MidAmerican Energy Holdings U.S. 275.625 03/08/02 03/08/02 Energo Holding Hungary E.ON Hungaria Hungary - 03/08/02 - Ontario Power Mississagi River Canada Brascan Canada 214.268 03/08/02 - Southern Water (Scottish Power) United Kingdom First Aqua U.K. 2927.605 03/11/02 - KeySpan United States Long Island Power Authority U.S. - 03/12/02 03/12/02 Havirovska Teplarenska Czech Republic OKD Czech Republic - Source: Thomson Financial Securities Data Company. For more information, call Rich Peterson at (973) 645-9701.

Power Finance & Riskwill present its inaugural power project finance awards on Monday April 15. Below are the nominations for best North American project finance deals and top loan arrangers that the editors of PFR thought stood out from the crowd last year. If you want to have your say on which of the nominations should win, please e-mail your thoughts to wainger@euromoneyplc.co m. All responses will be treated in confidence. PFR will run the nominations for top European, Middle East and Latin American deals next week.

The Peruvian government and its financial advisor Inter-Europa Bank will launch the privatization of the country's state-owned generation market next month with the auction of two regional players EGASA and EGESUR, both located in southern Peru. Sandra Santilan, an official at the Commission For The Promotion of Private Investment (COPRI) that is responsible for the sale, says AES, NRG Energy, PSEG Global, Duke Energy, Norway's Statkraft and Begium's Tractebel have all prequalified to bid for the generators.

German utility RWE is looking for generation assets in Brazil as part of its strategy to enter South America at a time when prices are depressed in the region. A banker familiar with the company says that among other things, it is planning to acquire a coal-fired plant in the country. An RWE spokesman could not ascertain details by press time.

Lead arrangersING Bank and TD Securities wrapped up syndication of International Power's GBP175 million ($248 million) mini-perm financing for the acquisition of a U.K. power plant on March 8 with the addition of four banks committing at the buy-and-hold level. Bayerische Landesbank, which committed at the GBP20 million level, was the last lender to sign up, say financiers. Earlier this year Abbey National and Bank of Scotland signed up for GBP20 million tickets and Credit Agricole Indosuez committed at the GBP15 million level.Bank of Tokyo-Mitsubishi and Credit Lyonnais came aboard as arrangers before the non-recourse loan was launched late last year (PFR, 11/19). Peter Pjiper, head of project finance at ING in Amsterdam, notes that all four arrangers took GBP25 million tickets.

*Citibank 's traditional place near top of the flow chart was maintained last year, with the behemoth keeping its finger in the pie of many key deals, not least of which was last summer's $2.2 billion Teco/Panda deal, the largest U.S. project loan launched last year. Citi also co-led along with SocGen and J.P. Morgan PG&E National Energy Group's $1.7 billion project loan launched last August.

Eight banks are considering investing at a senior syndication level in Conoco Global Power's GBP257 million ($365 million) non-recourse financing for the construction of Immingham, a combined heat and power plant in the U.K. Financiers familiar with the transaction say the banks currently weighing up their options on the deal are Abbey National, Bank of Scotland, Bank of Tokyo-Mitsubishi, Bayerische Landesbank, Commerzbank, Credit Lyonnais, HypoVereinsbank and KBC Bank. He adds that all these firms attended a bank meeting in London earlier this month arranged by sole underwriter Royal Bank of Scotland (PFR, 3/11).

TXU is preparing to roll over a $1.4 billion, 364-day revolver that expires in April. Tim Hogan, an investor relations official in Dallas, says finance staffers are still determining the size of the facility and who will lead the deal. He was unable to provide further details. One banker says he had heard the revolver might be sliced down to $1 billion. With a strong bank following, the deal will probably place quickly. "Anytime someone is reducing size a little is a good thing, and TXU is a strong name as well," the banker says. He adds that the deal might also provide a chance for bankers to get the company's take on the state of deregulation in the Texas market.