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BONDS Maturity Issue Date Issuer Amount ($mil) Offer Price Type of Security Coupon (%) Yield (%) Moody's S&P's Book Manager 2011 22/3/01 Chugach Electric Association 150.0 N/A Bonds - - N/R N/R JPM 31/3/06 22/3/01 Virginia Electric & Power Co 597.9 99.648 Senior Notes 5.750 5.832 A3 A- LEH 28/2/03 23/3/01 Northeast Utilities 262.3 Market Float Rate Nts Floats Market Baa3 BBB MSDW 15/3/11 27/3/01 American Transmission Co LLC 297.7 99.248 Bonds 7.125 7.230 A1 A- MSDW 03/30/16 27/3/01 CL&P Funding LLC 234.8 Market Rate Red Certs N/A Market Aaa AAA LEH 03/30/16 27/3/01 CL&P Funding LLC 261.3 Market Rate Red Certs N/A Market Aaa AAA LEH 03/30/16 27/3/01 CL&P Funding LLC 293.7 Market Rate Red Certs N/A Market Aaa AAA LEH 03/30/16 27/3/01 CL&P Funding LLC 284.0 Market Rate Red Certs N/A Market Aaa AAA LEH 03/30/16 27/3/01 CL&P Funding LLC 366.2 Market Rate Red Certs N/A Market Aaa AAA LEH Equity Issue Date Issuer Amount ($mil) Offier Price Type of Equity Book Manager 22/3/01 Black Hills Corp 132.9 - Common Shares CSFB M&A Date Announced Date Effective Target Target Country Acquiror Name Acquiror Industry Sector Acquiror Country Value ($mil) 03/23/01 03/22/01 OGC Pipelines U.S. Trident Systems International Investment & Commodity Firms,Dealers,Exchanges U.S. - 03/26/01 03/26/01 Socit En Commandite Canada Boralex Oil and Gas; Petroleum Refining Canada 4.0 03/27/01 - Empresa Electrica Colbun Chile Electropacifico Inversiones Investment & Commodity Firms,Dealers,Exchanges Chile 9.0 03/27/01 - TransCan Pipe Chile Total Fina Elf Oil and Gas; Petroleum Refining France 440.0 03/28/01 - Utilities U.S. Nuon Electric, Gas, and Water Distribution Netherlands 404.0 Source: Thomson Financial Securities Data Company. For more information, call Rich Peterson at (973) 645-9701.

CIBC WORLD MARKETS POWER TECHNOLOGY INDEX Company Ticker 27-Mar-01 Price 52 Week Price Low 52 Week Price High Market Cap ($ MM) 8-Week Change % 2001 YTD Change % Active Power ACPW $19.88 $12.75 $79.75 $771.3 -20.5 -9.4 American Superconductor AMSC 15.56 14.00 61.88 326.8 -27.0 -45.5 AstroPower APWR 31.63 13.13 63.92 419.6 -7.7 0.8 Ballard Power Systems BLDP 42.13 33.19 121.50 3,822.9 -44.4 -33.3 Beacon Power BCON 6.00 5.72 10.75 231.4 -34.5 -40.0 Capstone Turbine CPST 33.06 17.75 98.50 2,477.7 -18.0 18.1 Evergreen Solar ESLR 9.00 6.00 20.75 100.4 -16.3 33.3 FuelCell Energy FCEL 51.94 15.75 108.75 820.2 -25.5 -24.2 H Power HPOW 7.03 5.25 35.94 375.5 -21.6 -8.5 Hydrogenics HYGS 4.16 2.75 15.02 162.1 -38.4 -5.0 Mechanical Technology MKTY 4.63 2.00 29.71 163.8 -33.9 32.1 Plug Power PLUG 15.00 9.13 130.00 655.5 -44.4 2.1 Proton Energy PRTN 7.25 5.25 36.00 239.8 -50.4 -31.0 SatCon Technology SATC 10.75 8.00 41.00 149.5 -19.6 8.9 Power Technology Index1, 2, 3 . 438.74 . . . -28.4 -13.4 NASDAQ . 1,972.26 . . . -30.5 -20.2 100 as of 12/31/98 2. Equally weighted 3. Includes Plug Power as of October 29, 1999, Capstone Turbine as of June 28, 2000, Active Power as of August 7, 2000 and H Power as of August 8, 2000 The Power Technology Index continues to be weighed down by negative sentiment surrounding the broader technology sector, but has still managed to outperform the technology-laden NASDAQ Stock Market over the past four- and eight-week periods. Over the past four weeks the index has fallen 6.3% compared to a 10.7% loss by the NASDAQ. Over the past eight weeks the index has nose-dived 28.4%, but still managed to better the NASDAQ's 30.5% slump. Shrugging off the downbeat mood in March was Capstone Turbine. The stock was the power tech index's star performer rallying over 27%.

* Japan's Sanix will begin construction on the country's first thermal power plant utilizing recycled plastics at Tomakomai on the northern island of Hokkaido next month. Sanix plans to sell the output to retail customers in Hokkaido, challenging regional power company, Hokkaido Electric Power Co. (Dow Jones, 3/28).

* The Swedish government has approved plans to build 48 wind-powered generators at an offshore site off the coast of Sweden. Each turbine will have a 1.5 MW capacity (Helsingin Sanomat, 3/22).

Ontario Power Generation announced plans to invest up to $100 million over the next three years in companies that are developing alternative energy technologies. The investments will be made through a new subsidiary, OPG Ventures, which plans to inject capital in as many as 25 energy-related projects (Wall Street Journal, 3/19).

Brazil's Inepar will invest $1 billion to construct a 1,377 MW coal-fired power plant, dubbed Usina Termoeletrica de Sepetiba, in Rio de Janeiro (Jornal do Commercio, 3/16).

International Power is planning to build a series of power stations in northern Italy to take advantage of the liberalization of the country's electricity market. International Power could add up to 3,200 MW at a cost of EUR4 billion in a joint venture with Ansaldo Energia, an Italian turbine manufacturer (Financial Times, 3/22).

New York, the third most populous U.S. state, has some 36,000 MW of installed generation capacity. Some 36.6% of the Empire State's generation output comes from dual gas- and oil-fired plants. Hydroelectric plants account for a further 17.1%, oil-fired plants for 15.3%, coal plants for 13.2%, nuclear-powered plants for 16.8% and the remaining 1.1% comes from gas-fired plants, says Jack Elder, manager of power technology at Levitant & Associates in Boston.

* Constellation Power Source, an affiliate of Constellation Energy, signed a 10-year power purchase agreement contract worth $3.6 billion with the California Department of Water Resources (Reuters , 3/11).

* China is considering building nuclear power plants in Guangdong Province, Shandong Province and Zhejiang Province over the next five years (Interfax, 3/13).