ScottishPower announced a transition plan for PacifiCorpyesterday that includes a workforce reduction of 1,600 PacifiCorpemployees over the next five years. By 2004, PacifiCorp is expectedto deliver annual cost savings from 1998 levels of $300 million inoperating expenses and $250 million in capital expenditures.Employee reductions will occur from all areas of the businessacross the company’s six-state service area. ScottishPower is aleading international multi-utility company with a marketcapitalization of about $16 billion and 7.5 million customersacross the U.K., western U.S. and Australia. Its merger withPortland, OR-based PacifiCorp was completed in November 1999.PacifiCorp currently serves 1.5 million customers in Oregon, Utah,Wyoming, Idaho, Washington and California.

The 720 MW High Desert Power Project planned for the site of theformer George Air Force Base in Southern California was approved bythe California Energy Commission. The project is owned by anaffiliate of Constellation Power Source, Inc., an affiliate ofMaryland-based Baltimore Gas & Electric. The High Desert plant,projected to cost $350 million, would generate enough electricityto serve 500,000 people, but it is designed to use one-third lessfuel and significantly reduce air emissions compared to powerplants currently operating in the Los Angeles Basin.

TransCanada PipeLines Ltd. announced it will sell 17.5% interestin Oleoducto Central S.A. (OCENSA) and its 50% interest in CITColombiana S.A. (CITCOL) to Enbridge Inc. for nearly $117 million.The sale is expected to close by the third quarter of 2000, pendingfinal consents and regulatory approvals. Proceeds for the sale areexpected to help TransCanada to reduce debt and lower overheadcosts, according to CEO Doug Baldwin.

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