Rick Smith named Executive Vice President of InterGen

Burlington, MA, January 23, 2004 - InterGen today announced that M. Richard (Rick) Smith has joined the company as Executive Vice President.

Mr. Smith most recently served as Executive Vice President and Managing Director for Bechtel Enterprises Holdings, Inc., where he was responsible for energy development, finance, and ownership. He had previously spent eight years at PG&E Generating Company (formerly US Generating Company), departing as the Senior Vice President and General Manager of Development. Before that, Mr. Smith served as Vice President and General Manager of Bechtel's Pacific International Offices.

"We are very excited to have Rick joining our Senior Management team," said InterGen CEO Marvin Odum. "He brings with him a proven track record in a wide range of power industry disciplines, from finance and development to engineering and operations. He will be a valued asset to our organization."

InterGen is a global power generation firm. The Company is operating or building a total of 20 power stations representing over 16,000 megawatts (MW). The Company has projects operating, under construction and/or in active development in the United States, the United Kingdom, the Philippines, Colombia, Mexico, China, Egypt, Turkey, Brazil, Australia, The Netherlands, Spain, Germany and Singapore. InterGen is a Shell-Bechtel venture.