Navigant Consulting to conduct auction for 540 MW facility

The Energy & Water unit will be soliciting bids for either the purchase of the facility or for a tolling agreement for all of the electrical energy output from the facility. Either alternative provides the buyer with access to electrical output from a facility that has been fully permitted and is ready for immediate commencement of construction.

WASHINGTON, April 30 /PRNewswire/ — Potomac Electric Power Company today announced that on June 1, 2001, it will redeem at 103.61 percent of principal amount, plus accrued interest to the redemption date, the entire $100 million outstanding principal amount of its 9 percent First Mortgage Bonds due June 1, 2021 (CUSIP No. 737679BP4). These bonds were issued in 1991.

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