Avista Stockholder Lawsuits Mounting

The lead plaintiff deadline is today for class action lawsuitson behalf of Avista Corp.’s stockholders who may have lost moneyafter the company reported a loss of $22 million in the secondquarter. The losses followed unhedged power trades in the forwardmarket in the second quarter.

September 26, 2000

Southern Company Mounting IPO

Frustrated by its inability to attract investors because theyview it as a stodgy utility, Southern Company last week announced amakeover in the form of a spin-off and IPO to create a separatecompany for most of its non-utility businesses.

April 24, 2000

Southern Company Mounting IPO

In a move to attract investors, Southern Company plans to createa separate company for most of its non-utility businesses, sell19.9% of the company to the public through an initial publicoffering and spin the rest off to shareholders.

April 19, 2000

Gas-Rich BC Immune to Drilling Slump

As construction begins on Alliance Pipeline, Canadiannatural-gas producers are mounting aggressive northern drillingcampaigns to fill up the added export capacity when it goes intoservice in October of 2000. Northeastern British Columbia, thestarting point for Alliance’s 2,320-mile route to Chicago, hasemerged as an E&ampP hot spot.

March 15, 1999

Grays Ferry Partners Battle Over Purchase Agreement

Trigen Energy announced it is mounting a legal battle to forcePECO Energy to honor terms of a Gray’s Ferry power purchaseagreement. Trigen said the Grays Ferry Cogeneration Partnershipreceived a letter from PECO saying the Pennsylvania utility couldnot pay the full contract price for electricity from the 150 MWcogeneration plant. The plant sells electricity to PECO and steamto Trigen-Philadelphia Energy. It is located in Philadelphia andwent into commercial operation earlier this year. Ironically,Exelon, a wholly owned subsidiary of PECO Energy, is a one-thirdowner in the project with Trigen and NRG Generating.

March 10, 1998
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