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| AES Corporation | United States |
Central San Nicolas (coal- and gas-fired
generation)a 71%
Eden (distribution) 60% Edes (distribution) 60% Rio Juramento (hydroelectric generation) 98% Cobra Corral (hydroelectric generation) ____ (hydroelectric generation) Parana (combined-cycle generation) |
$8.1 (plus $45.4 debt)
$377 (for both Eden and Edes) $41 N.A. N.A. $300 million (under construction) |
| Amoco Co. | United States | Comodoro Rivadavia (gas-fired generation) <50% | N.A. |
| British Gas | United Kingdom | Central Dock Sud (oil- and gas-fired generation) 45%c | $24.5 |
| Camuzzi Gazometri | Italy |
Comodoro Rivadavia (gas-fired generation) >50%
Hidroelectrica Ameghina, S.A. (hydroelectric generation) 35% Transpa (distribution) 50% |
N.A.
$1 (plus $7.6 debt) N.A. |
| Chilectra | Chile |
Central Costanera (oil- and gas-fired generation) 3%
Central Puerto (gas-fired generation) 9.8% Edesur (distribution company) 10% |
$4.5
$15.1 $100 |
| Cinergy | United States |
Edesur (distribution company) 8% stake in Distrilec
Invesora
SA, |
N.A. |
| Citicorp Capital Investors | United States | Edelap (distribution) part of consortia holding 51% | $139 (total for Edelap) |
| CMS Energy | United States |
Hidroelectrica Arroyito (hydroelectric generation)
Central Termicas Mendoza (gas-fired generation) 41% Central Termica de San Nicolas (coal- and gas-fired generation)b 0% Central Hidroelectrica El Chocon, S.A., (hydroelectric generation) 18% Edeersa (generation and distribution) 36% La Plata (gas-fired generation under construction) 100% |
N.A.
$1.6 (plus $6.5 debt) $66 (total for San Nicolas) $0.3 (plus $41.1 debt) N.A. $75 |
| Community Energy Alternatives | United States |
Eden (distribution) 30%
Edes (distribution) 30% |
$188 (for both Eden and Edes) |
| Chilquinta International Inc. | Chile | Central Puerto (gas-fired generation) 20.2% (later increased to 29.3%) | $31.0 (later increased to $45.4) |
| Chilgener | Chile |
Central Puerto (gas-fired generation) 30.7%
Edessa (distribution company) 34% Piedra del Aguila (hydroelectric generation) 15.8% |
$47.6
$26.1 $89 |
| Consumer's Energy Co. | United States | Central Termica de San Nicolas (coal- and gas-fired generation) | N.A. |
| Dominion Resources, Inc., | United States |
Central Alto Valle (gas-fired generation) 60%
Central Cerros Colorados (gas-fired generation)50.2% |
$13.3
$23 (plus $116.4 debt) |
| Duke Power | United States |
Central Guemes (gas-fired generation) 15%
Hidroelectrica Piedra del Aguila, S.A. (hydroelectric generation) 19.7% Transener (transmission) 9.8% |
$2.5 (plus $19.1 debt)
$33 (plus $57.4 debt) $4.5 (plus $30.6 debt) |
| Electricite de France | France |
Distro Cuyo, S.A., (transmission) 21%
Edenor, S.A. (distribution) Hidroelectrica Diamante, S.A. (hydroelectric generation) 29.5% |
$8.3
$6 (plus $79.6 debt) $2 (plus $14.4 debt) |
| El Paso Energy | United States | Agua del Cajon (gas-fired generation) 16% | $157 |
| Endesa de Chile | Chile |
Buenos Aires S.A.(gas-fired generation)
Central Termoelectrica (__-fired generation) Central Costanera (oil- and gas-fired generation) 30% Central Dock Sud (oil- and gas-fired generation) 90% Edesur (distribution) 5% |
N.A.
N.A. $45 $350, including planned expansion through year 2000 $3 (plus $48.1 debt) |
| Endesa de Espana | Spain |
Edenor, S.A. (distribution) 5.1%
Yacylec (transmission) 22.2% |
$3 (plus $39.8 debt)
N.A. |
| Enersis S.A. | Chile |
Central Costanera (oil- and gas-fired generation) 30%
Edesur (distribution) 10% Edesur (distribution) 64% (directly and through Chilectra) Edenor, S.A. (distribution) |
$13.5
$100 $390 $200 (including new distribution lines) |
| Entergy Corp., | United States |
Central Costanera (oil- and gas-fired generation) part of
consortium holding 7.5%
Transener (transmission) 9.8% Edesur (distribution) 5% |
$11.3 (by entire consortium)
$4.5 (plus $30.6 debt) $50 |
| Houston Industries | United States | Edelap (distribution) 25% | $2.5 (plus $65.7 debt) |
| Hydroelectrica de Ribagorzana, S.A. | Spain | Edenor, S.A., (distribution) 10.2% | $6 (plus $79.6 of debt) |
| Iberdrola | Spain | Central Guemes (gas-fired generation) | $2 (plus $15.3 debt) |
| Kansas City Power and Light | United States | Central Costanera (oil- and gas-fired generation) 6% | $23.4 |
| LG and E Energy Corp., | United States |
San Miguel (gas-fired generation)
Tucuman (gas-fired generation) |
$18
$13.3 |
| Louis Dreyfus Argener, S.A. | United States | Hidroelectrica Cerros Colorados (hydroelectric generation) 9% | $4 (plus $9.8 debt) |
| Merrill International | United States | Ave Fenex, S.A. (gas-fired generation) | $100 (total for Ave Fenex) |
| National Electricity Co. of Chile | Chile |
Central Costanera (oil- and gas-fired generation) 24%
El Chocon (hydroelectric generation) 43% |
$600 ($120 for the plant and $480 for an expansion of
capacity)
N.A. |
| New World Power | United States | Rio Negro (wind and diesel-fired generation) | 15-year contract signed to finance, build, and own plants |
| Northeast Utilities | United States |
Ave Fenex, S.A. (gas-fired generation)
San Miguel (gas-fired generation) |
$100 (total for Ave Fenex)
$18 |
| PSI Energy | United States |
Central Costanera (oil- and gas-fired generation) part of a
consortium holding 60%
Edesur (distribution) 4% |
$ 91
$40 |
| Repsol | Spain | Central Dock Sud (oil- and gas-fired generation) 3.7% | N.A. |
| Sociedad Austral de Electricidad | Chile | Energia de Rio Negro (distribution) part of consortium holding 90% | $97.8 (total) |
| Societe D'Amenagment Urbain et Rural | France | Edenor, S.A., (distribution) 5.1% | $3 (plus $39.8 debt) |
| Southern Company | United States | Central Hidroelectrica Alicura S.A. (hydroelectric generation) 47% | $3.8 (plus $104 debt)d |
| Transalta Energy | Canada | Central Hidroelectrica Piedra del Aguila, S.A. (hydroelectric generation) 19.7% | $33 (plus $57.4 debt)e |
| Western Resources | United States | Central Costanera (oil- and gas-fired generation) 6% | $23.4 |
|
aAES converted San Nicolas to a gas-fired
generator. See Friedland, Jonathan and Benjamin Holden, "Utility Deregulation in Argentina
Presages Possible U.S. Upheaval," The Wall Street Journal Interactive Edition (June 19,
1996).
bCMS sold its share of San Nicolas to its partner AES. See Friedland, Jonathan and Benjamin Holden,"Utility Deregulation in Argentina Presages Possible U.S. Upheaval," The Wall Street Journal Interactive Edition (June 19, 1996). cBritish Gas and its partners sold Central Dock Sud for a total of $1.3 million less than 4 years after purchasing it. See Friedland, Jonathan and Benjamin Holden, "Utility Deregulation in Argentina Presages Possible U.S. Upheaval," The Wall Street Journal Interactive Edition (June 19, 1996). dSouthern has committed to spend $301.7 over the initial 9 years of its 30-year concession for Central Hidroelectrica Alicura. eTransalta currently values its investment in Hidroelectrica Piedra del Aguila at $36.5 million, which was written down at year end 1996 from $39.4 million. Sources: Annual reports to shareholders and various public news sources | |||