ADVISORY/First-Ever Residential Rebates for Energy-Efficient Appliance Purchases to be Launched By LADWP.

Assignment Editors

ADVISORY...for Thursday (Sept. 5)

--(BUSINESS WIRE)

WHAT:    The Los Angeles Department of Water and Power will introduce,
         for the first time in its history, rebates for residential
         customers who purchase qualified energy-efficient appliances
         and related products. The new program makes available
         $3 million for rebates through the end of this year, with
         rebates amounts ranging from $10 to $500.

         To support the new rebate program, The Home Depot and the
         LADWP will begin a sweepstakes, to run through September,
         which will give Los Angeles residents the opportunity to win
         one of two free brand-new energy-efficient refrigerators or
         Home Depot Gift Certificates. All rebate applications
         received by September 30, 2002 are automatically entered.

WHEN:    Thursday, September 5, 2002 at 11:00 a.m.

WHERE:   Home Depot, 5600 W. Sunset Blvd., Los Angeles, CA 90028
         (Between the 101 Freeway and N. Western Ave.)

WHO:     Angelina Galiteva, LADWP Executive Director of Green LA
         Donald Cunningham, LADWP Director of Energy Solutions
         Jeff Cox, Home Depot Store, Co-Store Manager
         Residents from surrounding neighborhood

VISUALS: Display of many of the 15-plus types of Energy-Star qualified
         energy-efficient appliances and products now available for
         rebates, plus additional displays on LADWP Green LA programs.

         Sweepstakes for Los Angeles residents to win one of two
         energy-efficient refrigerators from LADWP and Home Depot or
         Home Depot gift cards.