NRG Energy Reports Record 2001 Third Quarter Earnings of 71 Cents per Share; On Track to Deliver $1.35 per Share for 2001.Business Editors MINNEAPOLIS--(BUSINESS WIRE)--Oct. 11, 2001 NRG Energy NRG Energy, Inc. (NRG) is a wholesale power generation company founded in 1989, which has an ownership interest in 47 power generating facilities around the world. The diverse portfolio of facilities, are primarily in the Northeast, South Central and Western regions of the United , Inc. (NYSE NYSE See: New York Stock Exchange :NRG NRG Energy NRG NRG Energy, Inc. NRG Natural Resources Group NRG New Radiancy Group NRG Network Referral Group NRG Network Resource Grapher NRG Numerics Rapporteur Group NRG Neuroprosthetics Research Group NRG notional requirements generator ): Highlights: -- Earnings per share for the third quarter 2001 were $0.71, a 45 percent increase over the third quarter 2000. -- Earnings per share for the first nine months of 2001 were $1.17, a 34 percent increase over the comparable period in 2000. -- Net income for the first nine months of 2001 was $225.9 million, a 60 percent increase over the comparable period in 2000. -- Total revenues for the nine months ended September 30, 2001 were $2.33 billion, a 59 percent increase over the same period of 2000. On the eve On the Eve (Накануне in Russian) is the third novel by famous Russian writer Ivan Turgenev, best known for his short stories and the novel Fathers and Sons. of its investor conference, NRG Energy, Inc. (NYSE:NRG) today reported record financial results for the quarter and nine months ended September September: see month. 30, 2001. Earnings per share for the third quarter of 2001 increased 45 percent to $0.71 compared to $0.49 in the third quarter 2000. Earnings per share were $1.17 for the first nine months of 2001 compared to $.87 for the first nine months of 2000. Net income for the first nine months of 2001 increased 60 percent to $225.9 million for the first nine months of 2000. Total revenues grew 59 percent to $2.33 billion for the nine-month period compared to $1.47 billion for the first nine months of 2000. "NRG continues to deliver earnings and shareholder value through one of the industry's most diverse portfolios of generating assets, and we are confident of sustaining our earnings growth momentum well into the future," said David H. Peterson Pe·ter·son , Oscar Emmanuel Born 1925. Canadian jazz pianist. A prolific recording artist noted for his technical skill, he is best known for work produced with his own trio (1953-1965). , NRG chairman, president and chief executive officer. "Our diversified diversified (di·verˑ·s strategies work, and NRG is well positioned to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. opportunities in the markets we serve by virtue of our diverse generating facilities, which vary by type, fuel, and geographic geographic /geo·graph·ic/ (je?o-graf´ik) in pathology, of or referring to a pattern that is well demarcated, resembling outlines on a map. geographic pertaining to geography. location." The company attributed the strong earnings performance to increased returns from a larger generation portfolio, contracted electricity sales, returns on power marketing activities, and superior operating performance. "Consistently strong growth through financially disciplined acquisition and greenfield Greenfield, town (1990 pop. 18,666), seat of Franklin co., NW Mass., at the confluence of the Deerfield and Green rivers, near their junction with the Connecticut; settled 1686, set off from Deerfield and inc. 1753. development programs is an NRG hallmark hallmark, mark impressed on silverwork or goldwork to signify official approval of the standard of purity of the metal, also called plate mark. The hallmark was introduced by statute in England in 1300 and enforced by the Goldsmiths' Hall, London. ," said Peterson. "We are able to leverage our portfolio with operating expertise that allows us to keep our plants running in order to take advantage of favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. prices for electricity." "NRG is confident we will deliver $1.35 in earnings per share for 2001 and will continue that 25 percent growth," said Peterson, looking ahead. "Given our pipeline of projects and our prudent risk management strategies, we expect to earn between $1.65 and $1.70 per share in 2002." The 2002 forecast includes earnings contributions from several projects currently under construction as well as additional growth attributable attributable emanating from or pertaining to attribute. attributable proportion see attributable risk (below). attributable risk to new acquisitions NRG believes it will successfully close during the year. NRG continues to derive de·rive v. 1. To obtain or receive from a source. 2. To produce or obtain a chemical compound from another substance by chemical reaction. earnings benefit from increased generation capacity due to a number of recently closed transactions. Since September 30, 2000, NRG has increased megawatt meg·a·watt n. Abbr. MW One million watts. meg  a·watt (MW) ownership in
generating facilities in operation or construction by 65 percent--from
14,476 MW to 23,914 MW.Projects closed during the third quarter 2001 are listed in the table below.
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Project Name Location Net MW Operating Status or
Increase Operation Date
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Saguaro Nevada, USA 53 Operating
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McClain Oklahoma, USA 400 Operating
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Timber Energy Resources Florida, USA 14 Operating
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Ilion New York, USA 60 Operating
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Kondapaali India 107 Operating
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Hsinchu Taiwan 102 Operating
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Rockford I Illinois, USA 342 Operating
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Rockford II Illinois, USA 171 2nd quarter 2002
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Bourbonnais I Illinois, USA 1,121 4th quarter 2003
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TermoRio Brazil 520 1st quarter 2004
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Bourbonnais II Illinois, USA 561 1st quarter 2005
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Projects that have closed, or are expected to close, during the fourth quarter 2001 are listed below.
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Project Name Location Net MW Operating Status or
Increase Operation Date
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Balti Power Station Estonia 691 Operating
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Eesti Power Station Estonia 632 Operating
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BL England New Jersey, USA 447 Operating
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Deepwater New Jersey, USA 239 Operating
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Kangal Turkey 219 Operating
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Commonwealth Atlantic Virginia, USA 188 Operating
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Conemaugh Pennsylvania, USA 66 Operating
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Cementos Pacasmayo Peru 66 Operating
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James River Virginia, USA 55 Operating
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Cahua Peru 45 Operating
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Keystone Pennsylvania, USA 42 Operating
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Bayou Cove Louisiana, USA 320 3rd quarter 2002
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Berrians New York, USA 79 3rd quarter 2002
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Meriden Power Connecticut, USA 540 3rd quarter 2003
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Gila Bend Arizona, USA 825 2nd quarter 2004
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NRG plans to detail its 36,611 MW pipeline of projects in operation, construction and advanced development at its investor conference. (See Attachment See attach a file. .) The completion of the projects in this pipeline is expected to deliver more than 25 percent compound annual earnings growth rate through 2005. During its investor conference, NRG will outline different corporate MW growth scenarios--including a 36,611 MW plan scenario A scenario (from Italian, that which is pinned to the scenery) is a synthetic description of an event or series of actions and events. In the Commedia dell'arte , and a 50,000 MW target scenario, and will provide information about NRG's regional targets that comprise To embrace, cover, or include; to confine within; to consist of. In the law governing patents—grants of an exclusive right or privilege to make, use, or sell an invention or product for a term of years—the term comprise more than 50,000 MW. "Stringent investment criteria criteria (krītēr´ē  ),n. are critical to our success and we constantly assess each project's potential returns and allocate To reserve a resource such as memory or disk. See memory allocation. capital only to those warranting investment," said Peterson. "NRG will only develop and retain those projects that it believes will add to earnings and enhance our regional portfolio strategy." Peterson elaborated e·lab·o·rate adj. 1. Planned or executed with painstaking attention to numerous parts or details. 2. Intricate and rich in detail. v. e·lab·o·rat·ed, e·lab·o·rat·ing, e·lab·o·rates v. on enhancing portfolio returns when he said, "Our North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. Power Marketing Group extracts additional value from our portfolio, which we estimate adds approximately ap·prox·i·mate adj. 1. Almost exact or correct: the approximate time of the accident. 2. 100-200 basis points in additional incremental Additional or increased growth, bulk, quantity, number, or value; enlarged. Incremental cost is additional or increased cost of an item or service apart from its actual cost. return on equity, by trading around the company's assets without taking undue speculative Speculative Securities that involve a high level of risk. speculative Of or relating to an asset or a group of assets with uncertain returns. The greater the degree of uncertainty the more speculative the asset. risks. In addition to trading success, NRG's contracting strategy is proving to be a competitive advantage as we face economic uncertainties that may affect the price of power in the future." NRG North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. has forward contracts in place for approximately 70 percent of the electricity it expects to sell in 2002 and approximately 65 percent of its estimated output in 2003. On Friday Friday: see Sabbath; week. Friday young Indian rescued by Crusoe and kept as servant and companion. [Br. Lit.: Robinson Crusoe] See : Servant at the NRG investor conference, NRG senior management will address financing the company's growth plans. "The 36,611 MW pipeline of projects will require additional equity approaching $1 billion over the next four years," said Leonard Leon·ard , Ray Charles Known as "Sugar Ray." Born 1956. American boxer who won the 1976 Olympic light welterweight title. He held five world titles as both a welterweight and middleweight between 1979 and 1987. Noun 1. A. Bluhm, NRG chief financial officer. "Although increased operating cash flows Operating cash flow Earnings before depreciation minus taxes. Measures the cash generated from operations, not counting capital spending or working capital requirements. will fund much of our growth, we anticipate the need for an additional $500 million in equity sometime during the next 18 months, with the balance to be issued in later years." The company also said it would be seeking to increase its revolving credit Revolving Credit A line of credit where the customer pays a commitment fee and is then allowed to use the funds when they are needed. It is usually used for operating purposes, fluctuating each month depending on the customers current cash flow needs. facility, used for general corporate purposes, from $500 million to $750 million. NRG continues to maintain investment grade ratings for its corporate debt from both Moody's Moody's Corporation (NYSE: MCO) is the holding company for Moody's Investors Service which performs financial research and analysis on commercial and government entities. The company also ranks the credit-worthiness of borrowers using a standardized ratings scale. and S&P (Baa3/BBB-). Investor Conference Web Cast NRG's Investor Conference is scheduled for Friday, October October: see month. 12 from 9:00 am to 3:30 pm (Eastern.) To access the audio web cast and virtual presentation go to the company's web site, www.nrgenergy.com, and click on "Investor Relations Investor relations The process by which the corporation communicates with its investors. ," and then click on "Presentations." You must have Real Media or Windows Media Player Digital jukebox software for Windows from Microsoft that plays a variety of audio, video and streaming formats including MP3, WMA, CD audio and MIDI. Starting with Version 6.2 in 1999, the Windows Media Rights Manager was added for securing copyrighted content. loaded onto your personal computer. The web cast and presentation will be archived on the NRG website. The information in this news release includes forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. in addition to historical information. Forward-looking statements above include, but are not limited to, expected earnings, future growth, financial performance, anticipated future equity offerings and expected project closings. Although NRG believes that its expectations are reasonable, it can give no assurance that these expectations will prove to have been correct. Factors that could cause NRG's actual results to differ materially from those contemplated above include, among others, factors affecting power generation operations such as unusual weather conditions, unscheduled unscheduled Adjective not planned or intended Adj. 1. unscheduled - not scheduled or not on a regular schedule; "an unscheduled meeting"; "the plane made an unscheduled stop at Gander for refueling" generator generator, in electricity, machine used to change mechanical energy into electrical energy. It operates on the principle of electromagnetic induction, discovered (1831) by Michael Faraday. outages, unanticipated changes in fuel costs or availability and environmental incidents; changes in government regulation or the implementation of government regulations as a result of the California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). energy crisis, which could result in NRG's failure to obtain regulatory reg·u·late tr.v. reg·u·lat·ed, reg·u·lat·ing, reg·u·lates 1. To control or direct according to rule, principle, or law. 2. approvals required to close project acquisitions, and which could adversely affect the continued deregulation Deregulation The reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry. Notes: Traditional areas that have been deregulated are the telephone and airline industries. of the electric industry; unanticipated developments in the California energy market, including defaults on amounts due and adverse results in current or future litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. ; risks associated with the timely completion of development projects, including obtaining competitive contracts and construction delays; a change in general economic conditions, which could affect the demand for electricity; and factors affecting the availability or cost of capital, such as changes in interest rates and market perceptions of the power generation industry, NRG or any of its subsidiaries. NRG undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The foregoing review of factors that could cause NRG's actual results to differ materially from those contemplated in the forward-looking statements included tin this news release should not be construed as exhaustive. For more information regarding these risks and uncertainties, review NRG's filings with the Securities and Exchange Commission. More information on NRG is available at www.nrgenergy.com
Consolidated Statements of Income
NRG Energy, Inc. and Subsidiaries
(Unaudited)
Three Months Ended Nine Months Ended
(In thousands, September 30, September 30,
except per share amounts) 2001 2000 2001 2000
-------------------------- ----------------- ---------------------
Operating Revenues and
Equity Earnings
Revenues from
majority-owned
operations $852,170 $533,156 $2,137,734 $1,339,663
Equity in operating
earnings of
unconsolidated affiliates 111,132 91,642 191,634 130,171
----------------- ---------------------
Total operating revenues
and equity earnings 963,302 624,798 2,329,368 1,469,834
----------------- ---------------------
Operating Costs and Expenses
Cost of majority-owned
operations 525,288 319,438 1,428,429 840,269
Depreciation and
amortization 58,709 36,424 142,401 87,276
General, administrative,
and development 69,935 41,727 168,781 98,015
----------------- ---------------------
Total operating costs
and expenses 653,932 397,589 1,739,611 1,025,560
----------------- ---------------------
Operating Income 309,370 227,209 589,757 444,274
----------------- ---------------------
Other Income (Expense)
Minority interest in
earnings of consolidated
subsidiaries (3,380) (3,077) (8,038) (7,158)
Other income, net 23,172 346 37,117 1,911
Interest expense (130,249) (81,250) (323,008) (215,425)
----------------- ---------------------
Total other expense (110,457) (83,981) (293,929) (220,672)
----------------- ---------------------
Income before Income Taxes 198,913 143,228 295,828 223,602
Income Tax Expense 57,333 54,624 69,956 82,671
----------------- ---------------------
Net Income $141,580 $88,604 $225,872 $140,931
----------------- ---------------------
Weighted Average Number of
Common Shares Outstanding
- Basic 198,534 180,000 193,712 161,114
Earnings per Weighted
Average Common Share
- Basic $0.71 $0.49 $1.17 $0.87
Weighted Average Number of
Common Shares Outstanding
- Diluted 199,436 182,683 195,452 162,242
Earnings per Weighted
Average Common Share
- Diluted $0.71 $0.49 $1.16 $0.87
NRG PORTFOLIO PROJECT LIST
NORTH AMERICA
NRG Ownership
Mid-Atlantic Location % Ownership (Net MW) Fuel Type
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Indian River Millsboro, DE 100.00 784.0 Coal/Oil
BL England(2) Beesleys Point,
NJ 100.00 447.0 Coal/Oil
Deepwater(2) Pennsville, NJ 100.00 239.0 Coal/Natural
Gas/Oil
Vienna Vienna, MD 100.00 170.0 Oil
Conemaugh(2) New Florence, PA 7.55 129.1 Coal/Oil
Dover Energy Dover, DE 100.00 106.0 Natural Gas/
Coal
Keystone(2) Shelocta, PA 6.17 105.6 Coal/Oil
Advanced
development(3) Various 50.00 242.5 Natural Gas/
Oil/Coal
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Total Mid-Atlantic
Region 2,223.2
Northeastern
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Oswego Oswego, NY 100.00 1,700.0 Oil/Natural
Gas
Middletown Middletown, CT 100.00 856.2 Oil/Natural
Gas/Jet
Arthur Kill Staten Island, NY 100.00 842.0 Natural Gas/
Oil
Huntley Tonawanda, NY 100.00 760.0 Coal
Astoria Gas Turbines Queens, NY 100.00 614.0 Natural Gas/
Oil
Dunkirk Dunkirk, NY 100.00 600.0 Coal
Meriden(1) Meriden, CT 100.00 540.0 Natural Gas/
Oil
Montville Uncasville, CT 100.00 497.6 Oil/Natural
Gas/Diesel
Devon Milford, CT 100.00 400.5 Natural Gas/
Oil/Jet Fuel
Norwalk Harbor So. Norwalk, CT 100.00 353.0 Oil
Somerset Power Somerset, MA 100.00 229.0 Coal/Oil/Jet
Fuel
Berrians(3) Queens, NY 100.00 79.0 Natural Gas/
Oil
Cos Cob Cos Cob, CT 100.00 68.5 Jet Fuel
Ilion Ilion, NY 100.00 60.0 Natural Gas/
Oil
Kingston
Cogeneration Kingston,
Ontario, Canada 25.00 27.5 Natural Gas
Parlin Cogeneration Parlin, NJ 20.00 24.4 Natural Gas/
Oil
Torrington Torrington, CT 100.00 21.8 Jet Fuel
Branford Branford, CT 100.00 18.8 Jet Fuel
Franklin Drive Torrington, CT 100.00 18.3 Jet Fuel
Grays Ferry
Cogeneration Grays Ferry, PA 10.00 15.0 Natural Gas/
Oil
PERC Orrington, ME 59.00 12.5 Refuse
Derived Fuel
Paxton Creek Harrisburg, PA 100.00 12.0 Natural Gas
Newark Cogeneration Newark, NJ 20.00 10.8 Natural Gas/
Oil
Philadelphia Water
Dept Philadelphia, PA 16.60 3.7 Diesel/
Methane
Turners Falls (idle) Turners Falls, MA 8.90 1.8 Coal
Northeastern
brownfield(3) Various 100.00 545.0 Natural Gas
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Total Northeastern
Region 8,311.4
North Central
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Kendall(1)
(and expansion(3)) Minooka, IL 100.00 1,752.0 Natural Gas
Bourbonnais(3)
(and expansion(3)) Bourbonnais, IL 100.00 1,682.0 Natural Gas
Nelson(1) Nelson Township,
IL 100.00 1,168.0 Natural Gas
Audrain Vandalia, MO 100.00 640.0 Natural Gas
Rockford I Rockford, IL 100.00 342.0 Natural Gas
Rocky Road East Dundee, IL 50.00 175.0 Natural Gas
Rockford II(1) Rockford, IL 100.00 171.0 Natural Gas
Morris Cogeneration Morris, IL 14.01 23.4 Natural Gas/
Methane
Cadillac Cadillac, MI 50.00 19.0 Wood
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Total North Central
Region 5,972.4
South Central Location % Ownership (Net MW) Fuel Type
----------------------------------------------------------------------
Big Cajun II (and
expansion(3)) New Roads, LA 86.04 2,163.5 Sub-
bituminous
Coal
Pike(3) Holmesville, MS 100.00 1,168.0 Natural Gas
Batesville (and
expansion(3)) Batesville, MS 100.00 1,129.0 Natural Gas
Hardee(3) (and
expansion(3)) Wachula, FL 100.00 854.0 Natural Gas
Brazos Valley(1) Thompsons, TX 100.00 633.0 Natural Gas
Kaufman(3) Mesquite, TX 100.00 545.0 Natural Gas
Big Cajun I Baton Rouge, LA 100.00 458.0 Natural Gas
McClain Newcastle, OK 77.00 400.4 Natural Gas
Bayou Cove(3) Jennings, LA 100.00 320.0 Natural Gas
Sabine River(1) Orange, TX 50.00 210.0 Natural Gas
Sterlington Sterlington, LA 100.00 202.0 Natural Gas
Mustang Denver City, TX 25.00 121.8 Natural Gas
Pryor Cogeneration Pryor, OK 20.00 22.0 Natural Gas
Timber Energy
Resources Telogia, FL 100.00 13.8 Biomass
Power Smith
Cogeneration Oklahoma City, OK 8.75 9.6 Natural Gas
South Central
brownfield(3) Various 50.00 235.0 Natural Gas
----------------------------------------------------------------------
Total South Central
Region 8,485.1
Western
----------------------------------------------------------------------
Gila Bend(3) Gila Bend, AZ 100.00 825.0 Natural Gas
El Segundo Power
(demo(3) &
repower(3)) El Segundo, CA 50.00 645.5 Natural Gas
Encina Power
Station Carlsbad, CA 50.00 482.5 Natural Gas/
Oil
Long Beach
Generating Long Beach, CA 50.00 265.0 Natural Gas
Crockett
Cogeneration Crockett, CA 57.67 138.4 Natural Gas
San Diego Turbines San Diego, CA 50.00 126.5 Natural Gas/
Diesel
Saguaro (and
buyout(3)) Henderson, NV 65.00 68.3 Natural Gas/
Oil
Mt. Poso Bakersfield, CA 39.50 19.6 Coal
Western
brownfield(3) TBD 50.00 472.5 Natural Gas/
Oil
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Total Western
Region 3,043.3
Other North America
----------------------------------------------------------------------
NEO(1) Various 50-100 190.2 LFG/Hydro/
Oil/Natural
gas
Energy Investors
Fund(1) Various Various 12.7 Various
----------------------------------------------------------------------
Total Other North
America 202.9
----------------------------------------------------------------------
Total North
America 28,238.3
INTERNATIONAL
NRG Ownership
Europe Location % Ownership (Net MW) Fuel Type
----------------------------------------------------------------------
Balti(2) Narva, Estonia 49.00 690.9 Oil Shale
Killingholme A North
Lincolnshire,
England 100.00 680.0 Natural Gas
Eesti(2) Narva, Estonia 49.00 632.1 Oil Shale
Schkopau Halle, Germany 41.90 400.0 Lignite Coal
Csepel II Budapest, Hungary 100.00 389.0 Natural Gas/
Oil
Seyitomer(2) Kutahya, Turkey 47.50 285.0 Lignite Coal
Kangal(2) Sivas, Turkey 48.00 219.4 Lignite Coal
ECK Generating Kladno, Czech
Republic 44.50 153.5 Waste Coal/
Natural
gas/Oil
MIBRAG Thiessen, Germany 66.67 119.0 Lignite Coal
Enfield Energy
Centre(1) Enfield, England 25.00 99.0 Natural Gas/
Oil
Energy Center Kladno Kladno, Czech
Republic 44.40 12.4 Waste Coal
CEEP Warsaw, Poland 9.33 1.4 Various
----------------------------------------------------------------------
Total Europe 3,681.7
Asia-Pacific
----------------------------------------------------------------------
Gladstone Power
Station Gladstone, Qld.,
Australia 37.50 630.0 Coal
Flinders Northern Port Augusta,
S.A., Australia 100.00 520.0 Coal
Loy Yang Power A Traralgon, Vic.,
Australia 25.37 507.4 Lignite Coal
Tainan(3) Tainan, Taiwan 60.00 294.0 Liq. Natural
Gas
Hsinchu (and
expansion(3)) Taipei, Taiwan 60.00 249.0 Liq. Natural
Gas
Flinders Playford Port Augusta,
S.A., Australia 100.00 240.0 Coal
Lanco Kondapalli Kondapalli, India 30.00 106.5 Natural Gas/
Oil
Collinsville Collinsville,
Qld., Australia 50.00 96.0 Coal
EDL Various Various 85.9 Natural Gas/
LFG/Oil
----------------------------------------------------------------------
Total Asia-Pacific 2,728.8
Latin America
----------------------------------------------------------------------
TermoRio(1) Rio de Janeiro,
Brazil 50.00 520.0 Natural Gas
COBEE Bolivia 98.9 216.8 Hydro/Natural
Gas
Itiquira
Energetica(1) Rondonapolis,
Brazil 98.73 154.0 Hydro
Cementos
Pacasmayo(2) Peru 100.00 66.1 Hydro/Oil
Scudder Latin
America Power Various Various 54.1 Natural Gas/
Coal/Oil/
Hydro/
Geothermal
Bulo Bulo Carrasco, Bolivia 60.00 52.8 Natural Gas
Cahua(2) (and
buyout(3)) Peru 100.00 45.0 Hydro
Latin America
greenfield(3) Argentina 100.00 740.0 Natural Gas
Advanced Development Various 36.50 163.5 Natural Gas
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Total Latin
America 2,012.3
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Total
International 8,422.8
----------------------------------------------------------------------
Total North
America 28,238.3
Worldwide Power
Projects 36,661.1
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