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OESI RESPONDS TO LAWSUIT

 PORTLAND, Ore., Dec. 16 /PRNewswire/ -- OESI Power Corp. (NASDAQ: OESI) issued the following statement today:
 On Dec. 4, 1992, CE Puna Limited Partnership (CE Puna LP), a Maryland limited partnership which is wholly owned by Constellation Energy Inc. and which has a 49 percent interest in Puna Geothermal Venture partnership (PGV), filed a lawsuit in the United States District Court in Delaware claiming the Amor VI Corp. and Amor VIII Corp., both of which are subsidiaries of OESI Power Corp. and which have an aggregate 51 percent interest in PGV, breached their obligations to PGV to make capital contributions. OESI disputes this claim and will vigorously defend itself against such claim. OESI has been negotiating with CE Puna LP and its parent for several months to resolve both this situation and others associated with the Puna project and intends to continue such negotiations until an acceptable solution is found.
 OESI Power Corp. acquires, develops, operates and sells interests in geothermal power projects in the western continental United States, Alaska and Hawaii.
 -0- 12/16/92
 /CONTACT: James Verhey, chief financial officer of OESI Power, 503-636-9620/
 (OESI)


CO: OESI Power Corp. ST: Oregon IN: UTI OIL SU:

TM-GT -- SF006 -- 7812 12/16/92 14:49 EST
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Publication:PR Newswire
Date:Dec 16, 1992
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