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* 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).

* Endesa wants to sell EUR5 billion ($4.6 billion) of Spanish assets to finance European and South American acquisitions. It plans to put the assets on the market over the next four years (Financial Times, 3/13).

BONDS Maturity Issue Date Issuer Amt ($Mil) Offer Price Type of Security Coupon (%) Yield (%) Moody's S&P's Book Manager(s) 04/01/2011 03/08/2001 Chilquinta Energia 320.0 100.000 Sr Secured Nts 6.620 6.620 Aaa AAA JPM 04/01/2008 03/08/2001 Chilquinta Energia 320.0 100.000 Sr Secured Nts 6.470 6.470 Aaa AAA JPM 03/25/2004 03/08/2001 Hokuriku Electric Power 83.5 100.000 Bonds .400 na NA NA NIKKO 03/15/2011 03/09/2001 Allegheny Energy 400.0 99.795 Notes 7.800 7.830 Baa1 BBB+ SSB 05/18/2004 03/13/2001 Duke Energy 775.0 100.000 Units 8.250 8.250 A3 A MERRILL/MSDW EQUITY Isssue Date Issuer Amt ($mil) Offer Price Type of Equity Book Managers 03/13/2001 Duke Energy 974.5 38.98 Common Shares MERRILL/MSDW M&A Date Announced Date Effective Target Target Country Acquiror Acquiror Country Value ($mil) 03/08/01 03/08/01 Bellinzona-Electricity Switzerland SES,AET Switzerland 101 03/08/01 - Mid Kent U.K. Swan Capital Investments U.K. 185 03/09/01 - Frontel Chile PSEG Global U.S. - 03/09/01 03/09/01 SEEM France Juben Holdings France 71 03/09/01 - Saesa Chile PSEG Global U.S. 460 03/12/01 03/12/01 EVN Austria Seeking Buyer - - Source: Thomson Financial Securities Data Company. For more information, call Rich Peterson at (973) 645-9701.