The BP Amoco and Atlantic Richfield Co. (ARCO) merger isofficially complete. BP Amoco will deliver to former ARCO holders,for each share of common stock owned, 1.64 American depositaryshares (ADS) of BP Amoco. Alternatively, if properly elected, ARCOcommon stock holders can receive BP Amoco ordinary shares. Cashwill be paid for fractional share interests. BP Amoco ADSs trade onthe New York Stock Exchange and other North American exchangesunder the symbol BPA with one ADS representing six ordinary sharestraded on the London Stock Exchange. Existing BP Amoco ADR holdersand existing ARCO preference stock holders do not need to take anyaction with respect to this transaction.

EnergyPrism.com Inc., a business-to-business e-commerce companyfocusing on the global energy industry, formed eight newbusiness-to-business e-commerce marketplaces. They add to the NewYork City-based company’s upstream petroleum marketplace (now namedOilPrism.com), which was launched in September. Each marketplacewill be tailored to the needs of various sectors of the globalenergy industry. The marketplaces will serve refining andprocessing, service stations, electric power, local gasdistribution, lubricants, petroleum shipping, energy employment andstaffing and commodity supplies. EnergyPrism.com will roll out thenew web sites by the end of April. Each new marketplace will offercontent, community and information on the leading energy companiesand suppliers in each sector. For more information aboutEnergyPrism.com, visit www.energyprism.com.

AES Corp. of Arlington, VA, announced a 2-for-1 stock split.Each shareholder of record on May 1 will receive as a dividend oneadditional share of AES common stock for each share held on thatdate, payable on June 1. AES is a leading global power company withcompetitive generation, distribution and retail supply businessesin Argentina, Australia, Bangladesh, Brazil, Canada, China,Dominican Republic, El Salvador, Georgia, Hungary, India,Kazakhstan, the Netherlands, Mexico, Pakistan, Panama, the UnitedKingdom and the United States. The company’s generating assetsinclude interests in one hundred and twenty-five facilitiestotaling more than 44 gigawatts of capacity.

Petroleum Place Inc., of Englewood, CO, said wholly ownedsubsidiary, The Oil & Gas Asset Clearinghouse LP, aHouston-based provider of live, oral bid auctions of oil and gasproperties, will hold its first Internet-only auction of producingoil and gas royalty interests May 8 — 10, 2000. The auction willconsist of 65 lots owned by the Permian Basin Acquisition Fund(PBAF) based in Midland, TX. Bidding will be open from 8 a.m. May 8through 10 a.m. May 10. Beginning at 10 a.m. May 10 lots will beginclosing in sequential order. To register as a bidder, visitwww.petroleumplace.com or www.ogclearinghouse.com. Property dataand auction registration can be viewed at either site by clickingon “auction info” and providing a client number and password. Forinformation or assistance in registration or setting up a clientnumber/password, contact The Clearinghouse, (281)873-4600 and askfor bidder registration.

Nevada Power filed a motion in Nevada State District Court inCarson City asking the court to halt an order by the PublicUtilities Commission of Nevada (PUCN) to lower the utility’selectricity rates in southern Nevada. Last month the utility fileda petition with the state court to reverse the PUCN’s March 27order to reduce rates for fuel and purchased power to serveSouthern Nevada electric customers. Today’s filing of a “motion forinjunctive relief” is the next step in the normal progression ofthat lawsuit. The motion asks the court to immediately put intoeffect a $110 million rate request filed by Nevada Power on Sept.30, 1999. That request was dismissed in February by the PUCN, whichlater ordered the rate reduction. The rate request is for fuel andpurchased power expenses previously incurred to serve NevadaPower’s 567,000 electric customers in southern Nevada, and adjustsfuture rates to reflect ongoing higher costs for fuel and purchasedpower. Even with the increase, Nevada Power’s rates still would bethe lowest in the Pacific Southwest, according to Doug Ponn, vicepresident of regulatory and governmental affairs. “Prices we payfor fuel to operate our power plants are affected by the samefactors that have driven up gasoline prices,” Ponn said. “Motoristsare paying more at the gas pump to drive their cars, and utilitiesare paying more for natural gas to run their electric generators.”Nevada Power Company and Sierra Pacific Power Co. are the principalsubsidiaries of Sierra Pacific Resources.

Aspen Group Resources Corp. (formerly Cotton Valley Resources)is now trading under its new corporate name and symbol effectiveApril 17 on the OTC Bulletin Board. The shareholders of Aspen GroupResources approved the name change at the meeting held February 28,and the shares now trade under the new name, and under the newsymbol, ASRG. The Company currently owns interests in approximately500 wells and an equivalent number of offset locations in eightstates with a predominant focus in Oklahoma and Texas.

Plug Power Inc. signed a joint development agreement with AxivaGmbH, Frankfurt, Germany, to develop a high temperature membraneelectrode unit (MEU) that is expected to simplify Plug Power’sresidential fuel cell systems and decrease their costs. Axiva’s MEUwill enable Plug Power’s fuel cell systems to operate reliably attemperatures above 120oC. This high operating temperature improvesfuel cell tolerance to certain pollutants, enables the user toeffectively utilize the heat so that system efficiency isincreased, and reduces overall system complexity by simplifying thefuel processor. “Our development efforts are targeted at reducingcost, size and weight, so that it will be commercially attractive,”said Gary Mittleman, Plug Power president and CEO. “This agreementputs us another step closer to that goal.”

PPL Corp. announced that its PPL EnergyPlus subsidiary is nowsupplying electricity to business customers in Maine. PPL Corp. hasbeen part of the Maine business community for nearly a year. In 1999,a subsidiary company purchased 89 MW of generating assets in Mainefrom Bangor Hydro-Electric Co., as well as transmission rights inMaine to import electricity from Canada. PPL EnergyPlus is anelectricity supplier now serving customers in four states withcompetitive electricity markets: Pennsylvania, New Jersey, Delawareand Maine. In 1999, it sold more than 10 billion kWh of electricity toindustrial, commercial and institutional customers. PPL EnergyPlusalso can provide natural gas supply to businesses and, throughaffiliated companies, offers a full range of energy-relatedservices. At this time, PPL EnergyPlus is not making offers toresidential customers in Maine. Businesses in Maine can learn moreabout PPL EnergyPlus by visiting the company’s web site: www.pplenergyplus.com . Electric choice began inMaine on March 1.

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