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Bonds Date Maturity Issuer Amount ($mil) Price Type of Security Coupon (%) Moody's S&P Book Manager(s) 01/31/02 01/31/04 Luz del Sur 9.5 Market Bonds 6.438 - - Citicorp Peru 02/05/02 12/30/31 MidAmerican Energy 400 98.857 Sr Unsecurd Nts 6.75 A3 A- CSFB 02/05/02 02/09/04 Pinnacle West Capital 215 99.865 Notes 4.5 Baa2 BBB JPM M&A Date Announced Date Effective Target Name Target Country Acquiror Acquiror Country Value ($mil) 01/31/02 - NVS Nordiska Varme Sana Sweden Investor Group Sweden 40.359 01/31/02 - Zhangzhou Jinfong Water Supply China DKLS Venture Sdn Bhd Malaysia - 02/05/02 02/05/02 Aguas de Lilen Chile Esval Chile 0.797 Source: Thomson Financial Securities Data Company. For more information, call Rich Peterson at (973) 645-9701.

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.

Barclays Capital is in the process of bringing on board a team of 25 former-Enron power and gas traders, marketers and support staff in London in an attempt to rapidly build from scratch an energy-trading business. Barclays is entering the European market later than other banks--such as Goldman Sachs, Morgan Stanley and Westdeutsche Landesbank--and is hiring a ready-made desk to catch up with the opposition, explains one recruitment consultant. It had to fight off bids from other banks to land the highly prized Enron trading team, adds another official.

Deutsche Bank two weeks ago laid off a mergers & acquisitions banker in its investment-banking utility team as part of an overall cut of 2,100 investment banking jobs at the firm. A spokesman says George Ordonez, whose primary focus was M&A in the utility sector, was let go, but declined further comment. At Deutsche Bank, Ordonez reported to Jim Denaut, co-head of the investment banking utility group in New York. Ordonez and Denaut did not return calls.

RWE Trading Americas, the Houston-based arm of Germany's RWE, has hired two staffers from Enron as it prepares to launch a full trading operation this year. Claudio Ribeiro, head of new product development in Enron's weather team, and Eduardo Gil, a trader, will focus on energy trading. Their new titles could not be determined.

Following is a directory of upcoming Middle Eastern power projects. To report new projects, please call Will Ainger, Managing Editor, at (44-20) 7303-1735 or email: wainger@euromoneyplc.com

The UAE Offsets Group (UOG), an Abu Dhabi-based state-development agency, is currently talking to international and regional lenders about financing a $1 billion gas-fired power and water desalination project in the easterly emirate of Fujairah. The UOG has already signed up state-owned National Bank of Abu Dhabi as a senior lender and is now looking to sign up at least one other lead arranger by the end of the quarter, says a Middle Eastern banker. As part of plans to develop the project on a fast-track basis, the loan will be structured as a corporate facility backed by the UAE, as corporate loans are the quickest deals to assemble, says the banker.

RWE is considering entering the Middle Eastern IPP market for the first time, say market officials familiar with its plans. The Essen, Germany-based power and water leviathan is one of a large handful of international developers that have submitted initial requests for quotes with the Abu Dhabi Water & Electricity Authority (ADWEA) for its Um Al Nar project. Bill McAndrews, a RWE spokesman in Essen, declined to comment and calls to Dean Hudson, a banker at ADWEA's advisor Credit Suisse First Boston, were not returned.

The lead arrangers of AES's $572 million Ras Lafan non-recourse loan closed retail syndication last Wednesday with the addition of 10 banks committing some $212 million. The 10 lead banks had originally been looking to sign up 15 banks for $300 million, (PFR,12/3), but, despite the shortfall, lenders says syndication was highly successful given the relatively difficult financing environment. Eight regional lenders and two international banks--Bayerische Landesbank and Deutsche Industriebank--joined the roster during syndication, say bankers.

South Carolina Electric & Gas is using the $300 million it recently raised in first-mortgage bonds to pay down short-term debt used to upgrade its Urquhart plant, and also to take out older higher-coupon debt. SCE&G is converting the 150 MW coal-fired Urquhart facility to a 450 MW natural gas-fired plant, says John Winn, manager of investor relations. The 6.625% coupon bonds will also pay down $150 million in an 8.875% series, due 2021. The switch to a lower coupon required the company to fork out a premium of 3.79% for the early redemption, he adds.