Dynegy Adds to SE Power Portfolio

Dynegy is making a reality of its promise to increase its powerasset portfolio in the Southeast by announcing construction plansfor two separate 500 MW facilities in the past seven days. Lastweek, Dynegy announced a local commission approved plans toconstruct a plant in Heard County, GA. Yesterday, the company saidit gained approval from a local court to build the BluegrassGeneration facility in Oldham County, KY. With the Kentuckyfacility, Dynegy will own or have interest in five power plants inthe Southeast.

March 18, 1999

Reliant Energy Increases Midwest Power Presence

Reliant Energy improved its West Coast portfolio last week byannouncing a six-year agreement with the Springfield, IL municipalutility City Water, Light and Power (CWLP) to market its total 600MW generation. Financial terms of the deal were not disclosed.

February 22, 1999

Constellation Refocusing on Energy Services

Despite announcing one-year commodity sales agreements withOutback Steakhouse and the Hair Cuttery in Northern Virginia thisweek, Constellation Energy Source said retail commodity sales arelosing their allure. The company, a nonregulated subsidiary ofBaltimore Gas & Electric, has closed several small retailmarketing offices and eliminated six retail commodity salespositions to make room for more engineers and energy servicesexperts.

February 11, 1999

PG&E Energy Signs Key Power Deal

PG&E Energy Services kicked off the new year with a bangyesterday by announcing it inked a major deal with Equity OfficeProperties Trust, the largest publicly held owner and manager ofoffice properties in the nation, to supply electricity to itsoffice buildings in northern California.

January 5, 1999

Avista Picks Up Vitol; Joins Top 10 Power Marketers

Avista Energy, a Washington Water Power (WWP) affiliate,continued its expansion onslaught Thursday by announcing that itacquired Vitol Gas and Electric LLC, a full service energy marketerserving the eastern U.S. Terms of the agreement were not madepublic. The deal is expected to close in early 1999.

December 18, 1998

Coastal Bucks Trend Again with Higher Earnings

The Coastal Corp benefited from its mix of producer and pipelineoperations, announcing a 17% jump from 3Q 1997 on a per-sharebasis. Coastal earned $89.5 million, or 41 cents/share, compared to$80.4 million, or 35 cents/share in 3Q 1997. Along with earnings,the company reiterated its commitment to the North American gassector, calling it the best energy investment opportunity anywhere.

October 26, 1998

UPR Makes Another De-Leveraging Sale

Union Pacific Resources Group (UPR) continues to march aheadwith its de-leveraging program, announcing last week that it agreedto sell interests in certain South Texas oil and gas properties toCollins &amp Ware Inc. for $148 million. The sale is scheduled toclose Oct. 30, subject to conditions, with an effective date ofSept. 1.

September 14, 1998

Williams Assumes Full Control of EnergyVision

Williams took a bigger jump into the energy marketing businessyesterday by announcing it has acquired full ownership ofEnergyVision by purchasing the 50% interest in the company that washeld by BEC Energy. Terms of the transaction were not disclosed.

August 14, 1998
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