Electricity Generation Projects Fall 28%

SACRAMENTO, CA -- - According to Henwood's New Generation Index of units across North America, the pipeline of generation projects began a sharp decline since the fall of Enron and does not appear to be rebounding any time soon. The pipeline of generation, which includes projects under construction, in permitting, being studied, or announced, peaked at 489,000 MW in November 2001 and is currently at its lowest level in two years at 354,000 MW. New generation under construction has also declined 38% from its peak of 113,000 MW in May 2002 as projects were either completed, put on hold, or cancelled entirely, resulting in a slower outlook for investors, construction companies, and engineering firms alike.

"The generation index clearly reveals trends in the generation sector. Following a dramatic run up in the pipeline of generation projects from January 2000 to November 2001, we have seen a steady continuing decline in the index. It appears we are some way from reaching bottom and years from seeing the November 2001 activity level," commented Mark Henwood, President and CEO. "This index is a tool every analyst should have for forecasting future changes in proposed generation and assessing their planned actions."

Henwood's EnerPrise Online information offers detailed historical status data on generation plants from January 1, 2000 to present, providing an insightful trend analysis of total Megawatts for each project status on a daily basis. The "Henwood Generation Index," located at www.henwoodenergy.com, graphs total Megawatts for each project status on a daily basis, and displays the following project statuses: study, announced, permitted, under construction, hold, canceled, and completed. It can be filtered by NERC region, sub-region, state, control area, zone, unit type, fuel type, and owner. In addition, the data used to generate the index can be downloaded for further analysis along with detailed project information. Henwood's EnerPrise Online provides detailed project information as well as additional insight on plant operations, asset valuations, profit performance benchmarking, load analysis, and market prices.