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More than 180 power company executives, bankers and analysts gathered at the Grand Hyatt Hotelin New York City on Feb. 12-14 for UBS Warburg's 14th annual Global Energy and Utilities Conference. The collapse of Enronand the opportunities and problems it has left in its wake were inevitably the focus of attention. Reporter Amanda Levin Arnoldreports:

American Electric Power is assessing whether it will press ahead with plans to tap the project finance market for a 160 MW wind project acquired from Enron Wind for $175 million at the tail-end of last year. The company initially funded the Indian Mesa Wind Power Project with internal resources, because of the tight timeline on the deal, with the intention of refinancing with a project finance loan, according to a spokesman in Columbus, Ohio.

Rapid City, S.D.-based Black Hills Corp. is looking to raise $135 million in the project finance market to fund the construction of two peaking facilities in Colorado. Bank of Nova Scotia is leading the deal for the energy and communications company and already has launched syndication, according a banker familiar with the transaction.

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 Various - other generation portfolios shortly. Enron Bahia Las Minas Panama 355 PwC Intention to sell. Pueto Quetzal Guatemala 110 (administrator) PQPLLC Guatemala 124 Enron Margarita II Nicaragua 70.5 PwC Intention to sell. EcoElectrica Puerto Rico 507 (administrator) 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 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 Schiller N.H. 18 Diesel White Lake N.H. 23 Diesel Public Service Co. of New Amoskeag N.H. 17.5 Hydro Subject to approval for rate settlement by Hampshire (Northeast Utilities) Ayers Island N.H. 9.1 Hydro PUC and state legislature. 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 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.

Duke Capital, a subsidiary of Charlotte, N.C.-based Duke Energy, last Tuesday made its first foray into the fixed-rate bond market since December 2000, with $500 million in 11-year and $250 in 30-year fixed-rate notes. David Hauser, senior v.p. and treasurer, says the funds will be used for general corporate purposes and to pay down some commercial paper. Duke Capital is the holding company for all of Duke's unregulated businesses.

Lead arrangers BNP Paribas and Westdeutsche Landesbank launched general syndication of the $225 million Salalah project loan at a bank meeting in London last Tuesday and are looking to sell down some $100 million of the deal within the next few weeks. An official close to the Dhofar Power-sponsored project loan says the lead banks are looking to draw a further six or seven lenders into the syndicate, having already signed up three local Omani banks, including Bank Muscat. International and regional banks are invited in for $15-25 million tickets, says the banker.

Lead arrangers ANZ Investment Bank and Westdeutsche Landesbank hope to pull together a syndicate next month to fund the construction of Uganda's first independent power project. A WestLB official says the firm has already begun sounding out interested parties about committing capital to the AES-sponsored hydroelectric project. "We won't hold an official bank meeting as there are not too many banks that would be interested in this type of deal, rather we will contact potential lenders on a one-to-one basis," he explains. He declined comment on how many banks it is looking to tap. Once the lead arrangers have drawn together a large enough syndicate, they will underwrite the loan on a club basis, continues the banker.

Dynegy is planning to shore up its balance sheet by $500 million through capital expenditure reductions and asset sales. Louis Dorey, president of marketing and origination at Dynegy, says the energy trading shop is looking to save $375 million through capex reduction and plans to offload some $125 million of assets in light of the Enron debacle. Dorey added that Dynegy is also looking to raise $750 million in equity capital to pay down debt.

Progress Energy's $440 million facility funding 2,500 MW of additional capacity is close to closing, after the deal was reworked with a tolling arrangement, according to one banker who signed up for a ticket. Company officials were tight-lipped on how the deal was reworked (PFR, 1/28), but the banker explains the deal, as originally pitched by J.P. Morgan, was primarily a merchant deal. After struggling in syndication, Progress has now entered a tolling agreement with the projects, the banker says. He adds the deal is expected to close this week. Proceeds are being used to fund the construction of five natural gas-fired plants.

Earlier this month Phoenix-based Pinnacle West Capital ditched plans for a $150 million two-year callable floating-rate note issue in favor of a fixed-rate deal after underwriters sounded out investors. "The appetite was not there," says Barb Gomez, treasurer, referring to investor interest for the floating and callable structure. However, she notes that making the switch to a fixed 4.5% coupon met with strong demand and allowed the company to upsize the deal by $65 million to $215 million.