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Network Interconnection: A Latin connection

A new 1000 MW interconnection between Argentina and Brazil entered operation in July 2000, and construction of a second 1000 MW link has just begun. As competitive forces in the electricity markets grow in this region, the interconnection will become an important resource for both countries.

Americas

US developer FPL Energy has announced plans to construct and operate a 300 MW wind farm along the Washington-Oregon border in the USA. The development will be the world's largest wind farm and has been hailed by conservationists as a breakthrough in renewable energy.

Moody’s changes outlook of EDP’s Aa3 rating from stable to negative

Moody's Investors Service has today changed the outlook of Electricidade de Portugal's (EDP) long term rating of Aa3 from stable to negative.

PPL’s El Salvadoran service territory hit by earthquake; with power restored, employees aid in rescue efforts

Employees at PPL Corporation's electric distribution subsidiary in El Salvador have been working throughout the weekend, restoring power and digging families out of the rubble left by the 7.6-magnitude earthquake that shook the country on Saturday.

AES acquires additional 39% interest in Hydroelectrica Alicura

The AES Corporation (NYSE:AES) announced today the purchase of an additional 39% ownership interest in Hydroelectrica Alicura, a 1000 MW hydro plant in Argentina, on December 27, 2000.

News Digest

International: PriceWaterCoopers will support Pantellos and its customers in the development of an electronic marketplace for the energy and utility industry. It is estimated that the internet based services will provide significant cost savings and make the $130 billion North American utility and energy supply marketplace dynamically open and accessible to its participants.

Americas

Capstone Turbine Corporation announced in December two major agreements for the sale of its microturbines throughout the USA. It signed a deal with Invensys Building Systems for the purchase of at least 100 turbines, and also sealed an agreement with Energy Co-Opportunity (ECO) to distribute turbines to electric cooperatives.

AES announces Gener ADS exchange ratio

The AES Corp. has made an announcement in connection with its offer to exchange all American Depositary Shares of Gener S.A. for AES common stock having a value of US$16.50 per ADS.

PSEG and Marubeni increase ownership in Rades II plant in Tunisia

PSEG Global and Marubeni Corp. have bought Sithe's interest in Carthage Power Company, the Tunisian company set up to develop, own and operate the 471 MW combined-cycle generation plant in Rades, Tunisia.

Aes Ekibastuz reaches power sales agreement with RAO UES of Russia

The AES Corporation (NYSE:AES) announced today that AES Ekibastuz concluded an agreement with RAO UES of Russia to sell 300 MW of electric power (or 210m kWh per month) from the AES Ekibastuz 4,000 MW coal-fired plant in the Republic of Kazakhstan to the Russian Federation.

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