Fitch Teleconf: US Utility Commodity Cost Recovery & Key Issuers Outlook 2/22 11AM

Business Wire, Feb 21, 2006

NEW YORK -- Fitch Ratings will host a teleconference at 11:00 a.m. EST, Wednesday, Feb. 22 to discuss credit implications of commodity cost recovery for U.S. utilities, and provide an update on key issuers in the sector. The call follows the release of the special reports 'U.S. Utilities: Credit Implications of Commodity Cost Recovery' and 'U.S. Power and Gas 2006 Outlook for Key Credits,' issued in February and January 2006, respectively. The reports are available on the Fitch Ratings web site at www.fitchratings.com. Specific credits to be discussed include: Allegheny Energy, Inc.; Constellation Energy Group, Inc.; Exelon, Pinnacle West Capital Corp; PEPCO Holdings; Progress Energy; Public Service Enterprise Group, Inc.; Reliant Energy, Inc.; Northern Boarder Partners L.P. and Northern Boarders Pipeline Co.; and Peoples Energy Corp. A Q&A session will follow the analysts' remarks, and listeners are encouraged to e-mail questions prior to the call to Philip Smyth at philip.smyth@fitchratings.com.

Interested parties in the U.S. and Canada should call 877-241-2557 and participants outside North America should call 706-643-7396. Participants should call at least five minutes before the 11:00 a.m. EST start time and give the title of the call 'Fitch Ratings.'

A replay of the teleconference will be available approximately two hours after the call ends. Interested parties should dial 800-642-1687 (U.S./Canada) or 706-645-9291 (outside North America). The conference ID number for the instant replay is '5607895'.

In addition, a replay of the teleconference will be archived on the Fitch Ratings web site for three months. Interested parties can find the appropriate link at the 'Teleconference and Online Events' link, located under 'About Fitch' at www.fitchratings.com.

Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the 'Code of Conduct' section of this site.