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With Baltimore Gas and Electric Co.’s (BGE) deregulationsettlement in hand, parent Constellation Energy Group isanticipating the transfer of BGE non-nuclear generating plants andmaking organizational changes.

GPU Inc., parent of New Jersey’s largest electric utility, GPU Energy, unveiled a multi-point program designed to enhance shareholder returns at the Edison Electric Institute Finance Conference in Orlando, FL, last week. The plan includes a $100 million cost reduction over the next two years, a $40-$50 million investment to improve the company’s reliability and a non-core asset sale designed to generate over $500 million.

GPU Inc., parent of New Jersey’s largest electric utility, GPUEnergy, unveiled a multi-point program designed to enhanceshareholder returns at the Edison Electric Institute FinanceConference in Orlando, FL, yesterday. The plan includes a $100million cost reduction over the next two years, a $40-$50 millioninvestment to improve the company’s reliability and a non-coreasset sale designed to generate over $500 million.

Gas-fired megawatts were in play last week as the parent ofArizona Public Service and part-owner of the Palo Verde NuclearGenerating Station pledged to put a massive 2,120 MW naturalgas-fired plant beside its nuclear facility; Texas Utilities putsix gas-fired generating plants (3,116 MW) on the market; andCalpine Corp. announced a new 800 MW cogen plant in Baytown, TX,and completed the purchase of another 500 MW development project inCalifornia. (See separate story)

DPL Inc., parent of the Dayton Power and Light Co., was recentlyselected by the Indiana Farm Bureau as its energy partner, thecompany said last week. Under the agreement, DPL Energy will be theenergy provider of choice for the Indiana Farm Bureau and itsmembership, supplying natural gas and other energy services. Thisannouncement comes on the heels of DPL and the Ohio Farm Bureaurenewing their eight-year relationship. The Indiana Farm Bureau hasrepresented Hoosier farmers since 1919 and is now the largestagricultural organization in Indiana with more than 272,000members. It provides its members with a number of value-addedservices that include insurance, accounting, education, and nownatural gas through DPL Energy. DPL currently manages approximately25 Bcf of natural gas annually.

The merger of Commonwealth Edison of Chicago parent Unicom Corp.and Philadelphia-based PECO Energy Co. will create a company so bigit will take two CEOs to run it, at least initially.

The merger of Commonwealth Edison of Chicago parent Unicom Corp.and Philadelphia-based PECO Energy Co. will create a company so bigit will take two CEOs to run it, at least initially.

Illinova Corp. of Decatur, IL, parent of Illinois Power Co., could be the first energy company in the country to spin off its generation assets to an unregulated subsidiary.

Illinova Corp. of Decatur, IL, parent of Illinois Power Co.,could be the first energy company in the country to spin off itsgeneration assets to an unregulated subsidiary.