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11 October 2006 -- Constellation Energy announced that it has executed an agreement to sell 3,145 MW of natural gas-fired generation assets to Tenaska Power Fund, L.P., for $1.635 billion in cash, subject to closing adjustments.

Constellation Energy's generation assets to be sold to Tenaska Power Fund, L.P., include the following:

• High Desert in Victorville, California - 830 MW (The High Desert plant will continue to sell power under its existing tolling contract with the California Department of Water Resources that expires in 2011.)


• Rio Nogales in Seguin, Texas - 800 MW


• Holland Energy in Shelby Co., Illinois - 665 MW


• Big Sandy in Neal, West Virginia - 300 MW


• University Park in Chicago, Illinois - 300 MW


• Wolf Hills in Bristol, Virginia - 250 MW

In accordance with the terms of the merger agreement between FPL Group and Constellation Energy, FPL Group has granted approval for Constellation Energy to proceed with the sale of the gas-fired generation plants. Credit Suisse and Deutsche Bank advised Constellation Energy on the sale of the plants.

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