Regarding 
                              the western hemisphere interconnection: Yes, the 
                              ten year time frame is certainly possible. President 
                              George W. Bush is the first US President to ever 
                              use the words "national energy grid", which included 
                              strong interties with Canada and Mexico. There are 
                              already 100 links between the US and Canada, but 
                              just a handful between US and Mexico. With the NAFTA 
                              and President Fox's endorsement of the GENI Initiative, 
                              we anticipate further US/Mexico integration in the 
                              next few years. 
                            Central 
                              America is working on their own integrated system 
                              through SIEPAC, and last month Columbia began pursuing 
                              the interconnection to Mexico to sell their excess 
                              hydropower to an energy hungry Mexico City. In July, 
                              1999, all South American energy ministers met and 
                              pledged to build the interconnected energy grid 
                              throughout all of South America. 
                            With 
                              this in place, the 10 year time frame in the Western 
                              Hemisphere is doable if the political will stays 
                              the course. 
                            The 
                              Eastern Hemisphere is a much bigger area, population, 
                              and number of countries. Yet a few examples highlight 
                              the developments: 
                             
                              
                                - China has committed to the creation of a national 
                                  energy grid.
 
                                - The ASEAN nations have made a similar pledge. 
                                
 
                                - The Gibraltar Strait underwater cable is now 
                                  energized selling power between Morocco (Africa) 
                                  to Spain (Europe). 
 
                                - The Gulf States Cooperation Council (5 nations 
                                  alone the southern Persian Gulf) are finally 
                                  moving forward with their interconnection plan. 
                                
 
                                - ESKOM of Southern Africa has a plan that includes 
                                  an HVDC/HVAC interconnected system for all of 
                                  Africa  similar to what the Egyptian energy 
                                  minister wanted 8 years ago. 
 
                                - Europe (UCTE system) and the Scandinavian 
                                  nations (NORDEL system) are already fully linked, 
                                  expanding into the former COMECON nations after 
                                  the fall of the Berlin Wall in 1989. East and 
                                  West Europe were almost completely integrated 
                                  a decade later. 
 
                              
                              Many political hurdles, civil wars, and cultural 
                                differences get in the way of sound engineering 
                                projects  
                                especially in Africa, the Middle East and SE Asia. 
                                Yet new lines and underwater cables are being 
                                laid every day -- as the demand for energy is 
                                projected to double and even triple in the next 
                                50 years. Is the eastern grid doable in the next 
                                20 years? Yes, if the players continue making 
                                it a priority. 
                              
                              In 1990, only 50 nations bought and sold power 
                                across borders. Today, in 2003, 100 nations trade 
                                electricity with their neighboring nations. There 
                                are still another 100 nations to go. The trend 
                                is strong for grid interconnection between all 
                                nations.