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* Enel of Italy is interested in purchasing Southern Water of the U.K. This would be the utility's first expansion in Europe. Earlier this year ScottishPower, the U.K.'s second-biggest utility, appointed Credit Suisse First Boston to look at restructuring or selling Southern Water (Bloomberg, 4/17).

* FPL Group has purchased the rights to build and operate a 1,789 MW power plant near Dallas from Cobisa, a closely held power developer. Once operational the plant will sell its output on the Texas wholesale market (Bloomberg, 4/17).

BONDS Maturity Issue Date Issuer Amt ($ mil) Offer Price Type of Security Coupon (%) Yield (%) Moody's S&P's Book Manager(s) 04/15/2011 04/06/2001 Transelec(Hydro Quebec) 462.4 99.436 Sr Unsecurd Notes 7.875 7.958 Baa1 A- ABN-AMRO-INC/SALOMON-SMITH 04/15/2011 04/09/2001 HQI Transelec Chile 462.4 99.436 Fxd/Straight Bond 7.875 7.958 Baa1 A- ABN-AMRO-NV/SALOMON-SMITH 04/25/2011 04/09/2001 Kansai Electric Power 319.8 100.000 Bonds 1.450 na Aa2 - NOMURA 04/14/2008 04/09/2001 United Networks 128.4 100.000 Float Rate Notes Floats Floats Aaa AAA WESTPAC/DBTRAL EQUITY Issue Date Issuer Amt($mil) Offer Price Type of Equity Book Managers 04/05/2001 Farmatic Biotech Energy 2.7 17.000 Ordinary Shares WESTLB-PAN 04/05/2001 Farmatic Biotech Energy 19.2 17.000 Ordinary Shares WESTLB-PAN 04/05/2001 Transelec 14.2 17.000 Ord/Common Shs. WESTLB-PAN M&A Date Announced Date Effective Target Target Industry Sector Target Country Acquiror Acquiror Country Value ($mil) 04/06/01 . Dehong Husong He Power Develop Electric, Gas, and Water Distribution China Dehong Electricity Shareholdin China 22 04/06/01 04/06/01 Undisclosed Gas Plant,Alberta Electric, Gas, and Water Distribution Canada Altagas Services Canada - 04/09/01 04/09/01 Cowboy Pipeline Service Electric, Gas, and Water Distribution Mexico Penn Octane U.S. - 04/09/01 . Powergen Electric, Gas, and Water Distribution U.K. E.on Germany 10879 04/09/01 04/09/01 Proyectos Industriales Electric, Gas, and Water Distribution Spain Iberdrola Spain - 04/09/01 04/09/01 Shennan Energy Electric, Gas, and Water Distribution Singapore Shenzhen Nanshan Power Station China - Source: Thomson Financial Securities Data Company. For more information, call Rich Peterson at (973) 645-9701.

* Leftist rebels have attacked the newly constructed $505 million 392 MW Porce II hydroelectric plant in northern Colombia, says the government. Colombia's president, Andres Pastrana, said he plans to create a 1,500 strong battalion to protect the country's power infrastructure from guerrilla sabotage (Dow Jones, 4/10).

* Japanese pest control company Sanix plans to begin building a 7.4 MW thermal power plant at Hokkaido next month. Company executives said the JPY10 billion ($79.82 million) plant will generate electricity from recycled waste plastic (Reuters, 4/10).

* Electricité de France is seeking French government approval for a GBP1.5 billion ($2.15 billion) takeover offer for Seeboard, a U.K. regional electricity group. State-owned EdF already owns London Electricity and the supply business of SWEB and is keen to expand further in the U.K. (Sunday Telegraph, 4/7).

* Allegheny Energy has named Bruce E. Walenczyk senior v.p. and cfo, effective May 1. Walenczyk was previously v.p. of finance at PSEG Energy. Walenczyk succeeds Michael P. Morrell, who earlier this year was named president of Allegheny Energy Supply Co. (Dow Jones, 4/6).

Despite much futile window dressing, there is no easy fix to California's power crisis. Problems that took over six years to create will not disappear in the short-term, no matter how wishful the thinking is from politicians. Rather, a combination of long- and short-term remedies are required, argues Peter Fusaro, an energy consultant at Global Change Associates, in a recent research report.

BONDS Maturity Issue Date Issuer Amount ($ mil) Offer Price Type of Security Coupon (%) Yield"(%) Moody's S&P's Book Manager(s) 25/3/21 22/2/01 Chugoku Electric Power Co 128.2 100 Bonds 2.1 NA NA NA NOMURA 14/3/11 22/2/01 Tokyo Electric Power Company 427.5 100 Bonds 1.54 NA Aa2 AA NIKKO-SSB 14/3/06 22/2/01 Tokyo Electric Power Company 427.5 100 Bonds 0.82 NA Aa2 AA MIZUHO-SEC 2/3/11 27/2/01 Idaho Power Co 120.0 100 MTNs 6.60 6.600 A2 AA- ABN-AMRO-INC/GS(JB)/US-PIPER(JB) 14/3/11 28/2/01 Elektrownia im Tadeuza 247.7 100 Fxd/Straight Bd 9.75 9.750 NR BB SSSB M&A Date Announced Date Effective Target Target Country Acquiror Acquiror Country Value ($mil) 02/22/01 - Dansk Biogas Denmark Schouw & Co Denmark 4.0 02/23/01 - Obragas Holding Netherlands RWE Gas Germany - 02/23/01 - Sthrn California Edison United States California United States 2,760.0 02/26/01 - Kapar Power Station Malaysia Malakoff Malaysia 178.0 02/27/01 02/27/01 Bulwer Island Energy Australia Investor Group Australia 15.0 02/27/01 - Edenor Argentina EDF International France - 02/27/01 - Ratchaburi Electricity Thailand Electricity Generating Thailand - 02/27/01 - Yorkshire Power U.K. Innogy Holdings U.K. 2,707.0 02/28/01 - Phoenix Natural Gas U.K. East Surrey Energy Investments U.K. 71.0 Source: Thomson Financial Securities Data Company. For more information, call Rich Peterson at (973) 645-9701.

* South Korea's LG Energy has completed construction of a 540 MW combined-cycle steam turbine power plant. LG Energy has signed a 20-year power purchase agreement with Korea Electric Power Corp. for all the plant's output (Dow Jones, 4/2).