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Dr. Klaus Sturany, cfo of RWE, told a room packed with analysts and bankers eager to hear confirmation of the Germany company's bid for Innogy "I'm afraid some of you might be disappointed." He told delegates the company doesn't comment on market rumors and declined to answer a question on RWE's appetite for the U.K. energy market. However, he acknowledged the slim pickings in the European market.

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 Margarita II Nicaragua 70.5 EcoElectrica Puerto Rico 507 Puerto Plata Dominican Republic 185 Cuiaba Brazil 480 Nowa Sarzyna Poland 116 Continued Enron Sarlux Italy 551 PwC Intention to sell. Trakya Turkey 478 (administrator) 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 Public Service Co. of New White Lake N.H. 23 Diesel Subject to approval for rate settlement by Hampshire (Northeast Utilities) Amoskeag N.H. 17.5 Hydro PUC and state legislature. 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 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.

Hank Jones, senior v.p. and head of European energy trading at American Electric Power, gave few clues as to why the U.S. power concern decided to buy Fiddlers Ferry and Ferrybridge, two 2 GW U.K. coal-fired plants sold by Edison International last year, but hinted that AEP may have a more bullish view of the U.K. wholesale market than some of its rivals.

The collapse of Enron has caused most disruption in the German power market. Paul Marsh, coo of TXU Europe, told delegates the demise of the world's largest power trader caused barely a ripple in the U.K., but prompted volatility in Germany. Hank Jones, senior v.p. and head of European energy trading at American Electric Power agreed. He noted the price gyrations at the end of last year reflected the shallowness of the German market and lack of counterparties who trade it.

Detroit, Mich.-based DTE Energy is on the prowl for generation assets in the eastern U.S. as it looks to broaden its generation portfolio beyond its backyard in the Midwest. Knut Simonsen, v.p. of growth strategies and mergers & acquisitions, says the energy provider is looking to acquire coal or natural gas-fired plants in any of the eastern states bar Florida. "Right now we have assets in the Great Lakes region, so bringing additional capacity in the east would be a good fit," he explains. He declined to comment on how much capacity it is seeking to acquire.

Union Bank of California and Barclays Capital last week launched a $421 million letter of credit facility backing a long-standing sale and leaseback structure for three FirstEnergy subsidiaries. The leads, which will pitch in $45 million a piece, are looking for three co-document agents to commit at the $45 million level, and then tickets of $30 million and $15 million further down the ladder. The facility fee is 137 basis points. The leads are aiming to wrap up the deal by March 5, as the facility replaces a number of expiring letters of credit, says a banker.

Citibank, BNP Paribas and the Export Development Corp., Canada's national credit export agency, have signed up six banks pre-syndication for InterGen's $533 million project loan for the construction of La Rosita I and II (1,075 MW) and will launch generation syndication in March. HypoVereinsbank, Fortis, Dexia, Credit Lyonnais, Nord LB and Bayerische Vereins Bank have all agreed to commit funds, says a project financier on the deal. The lead arrangers had already signed up three co-arrangers, Société Générale, KBC Bank and ANZ Investment Bank. The financier adds the commitment levels range from $40-50 million.

The power market is bracing itself for a slew of generation asset sales in the wake of Enron's collapse and heightened scrutiny from rating agencies and creditors, but potential bidders are unlikely to dive into the market just yet.

Enron CEO Stephen Cooper said one or more people could end up in jail on charges stemming from the government's investigation of Enron and it partnerships. "I think it's going to be difficult to not hold one or more people accountable," he said (Dow Jones, 2/20).

Former Enron cfo Andrew Fastow in an internal company interview last August strongly defended his role in controversial outside partnerships, saying they were good for the company and blaming criticism about them on a rival's efforts to get his job as the firm's finance chief (The Wall Street Journal, 2/20).