In the News: Recent Developments

June 12, 2003

Saber Partners Announces Financial Conference Call with Top Texas Utility Regulator

Saber Partners, LLC, a financial advisor to the Public Utility Commission of Texas (“PUCT”), announced today that Chairman Rebecca Klein of the PUCT will lead a conference call on Thursday, June 12, 2003 at 11 am New York City time, to update financial analysts and institutional investors on the progress of the restructured Texas power market and other matters affecting Texas companies, such as TXU (NYSE: TXU), AEP (NYSE: AEP) and CenterPoint Energy (NYSE: CNP).

This is the third in a series of “Power Calls” held by the PUCT and Saber Partners. The purpose is to present the ChairmanÕs 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.


Time: 11 am New York City time

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

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

Web Cast:

Replay: (800) 642-1687 OR (706) 645-9291 ID#: 704185

Format: Brief presentation, follow up Q&A

Length: 1 hour

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

June 11, 2003

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

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