September 26, 2002

Saber Partners Announces Conference Call With Texas Regulators on Status of Texas Electricity Deregulation

Joseph Fichera, CEO of Saber Partners, LLC, announced today that Rebecca Klein, Chairman of the Texas Public Utility Commission (“PUC”), will lead a conference call on Thursday September 26 at 11 am New York City time for financial analysts and institutional investors on the status of deregulation of the Texas power market. This is the first of a series of “power calls” to held by Saber and the PUC. The purpose of this call is to present the views of the chairman and give analysts and investors the opportunity to ask questions directly to her about the Texas market. Presentation materials will be available on the PUC web site. Saber Partners, a NY based investment banking financial advisory firm, is sponsoring the call. Saber is also financial advisor to the Texas Commission.

Date: Thursday, September 26

TIME: 11 am New York City time

US/Canada Dial-In Number: (800) 399-0131

International/Local Dial-In Number: (706) 634-1375

Format: Brief presentation, Q&A

Length: 1 hour

Participants:
Rebecca Klein, Chairman
Jess Totten, PUC, Electric Division Director
Martha Hinkle, PUC Director of Financial Review
Terry Hadley, PUC Communications Director

Moderator:
Joseph Fichera, CEO, Saber Partners,LLC

For more information:
Contact Joseph Fichera at 212-461-2370