February 4, 2003

Saber Partners Announces Financial Conference Call with Top Texas Utility Regulator

Saber Partners, LLC, financial advisor to the Public Utility Commission of Texas (“PUCT”) announced today that Chairman Rebecca Klein of PUCT will lead a conference call on Wednesday February 5, 2003 at 11 am New York City time to update financial analysts and institutional investors on the progress of the restructured Texas power market.

This is the second in a series of “Power Calls” held by the PUCT and Saber Partners. The purpose is to present the Chairman’s views and give financial analysts and investors the opportunity to ask questions directly to the Chairman about the Texas power market.

Presentation materials will be available on the PUCT web site. Saber Partners, a NY-based investment banking financial advisory firm, is sponsoring the call with the PUCT.

Details:

Date: Wednesday, February 5, 2003

Time: 11 am New York City time

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

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

Web Cast: http://www.texasadmin.com/puchairman.html

Replay: http://www.texasadmin.com/puchairman.html

Format: Brief presentation, follow up Q&A

Length: 1 hour

Participants:
Rebecca Klein, Chairman, PUCT
Joseph Fichera, CEO, Saber Partners, LLC (moderator)

FOR IMMEDIATE RELEASE

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