New Power acquires AES Power Direct

HOUSTON, July 5, 2001 – Continuing the consolidation in the retail electricity business, New Power Co., a unit of NewPower Holdings Inc., said it will acquire AES Power Direct, the retail marketing arm of AES Corp.

HOUSTON, July 5, 2001 – Independent US power company Calpine Corp. said the purchase of a UK power plant from a unit of Entergy Corp. for $800 million will serve as the launch pad for additional investments in the UK and on the continent, including Italy and Spain.

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