Competitive Power Markets Stabilize Prices, Says Constellation Chief Executive in World Energy Magazine.

HOUSTON -- "In a real-world test played out every day in markets where prices fluctuate hour to hour, competition is significantly tempering the impact of rising fuel prices," says Constellation Energy Chairman Mayo A. Shattuck III in the new World Energy magazine.

Shattuck argues that this is largely due to the fact that competition forces power providers to become more efficient and lower their costs. "Because the cost of the underlying fuel supply is largely uncontrollable, the advantage at auction goes to the low-cost provider," he writes. "Losers in bids will often continue to lose unless they find a way to drive down their costs." The article can be viewed at www.WorldEnergySource.com.

Also in this new issue of World Energy magazine, Xcel Energy Chairman Wayne Brunetti argues for regulations that will lead to higher efficiency and cleaner power generation, TXU Chief Executive Officer John Wilder argues for deregulation in order to gain the benefits of competitive electricity markets, and GE Energy President John Rice writes about the impact of new technologies on cleaner energy initiatives and the renewable energy sector.

World Energy and Energy Houston magazines, plus World Energy Television, are uniquely dedicated to providing an unedited forum for the leadership of the global energy industry. Unlike other publications, articles are written by executives themselves, with no editorial filter.

World Energy is proud to announce the launch of World Energy Monthly Review. This highly anticipated newsletter features timely, in-depth analysis by Professor Michael J. Economides, one of the most recognizable names in the energy industry. He and his team of analysts craft monthly reports on the energy industry in Russia, China, North America and the rest of the globe.

At the WorldEnergySource.com website, every article published in the last eight years is indexed and available for viewing. Additionally, World Energy Television's productions, such as exclusive video interviews with top executives at the OTC in Houston, bring faces and voices to the top names in the industry.

Also on the website are daily news items, corporate profiles, over 50 stock exchanges, commodity prices and links to major energy companies. It's all translatable into seven languages, and key-worded and indexed.