HUGHES CAPITAL UNIT SIGNS PACT WITH BEAR STEARNS
Hughes/Conserdyne Corp, a
unit of <Hughes Capital Corp> said it made Bear Stearns and Co
Inc <BSC> its exclusive investment banker to develop and market
financing for the design and installation of its micro-utility
systems for municipalities.
    The company said these systems are self-contained
electrical generating facilities using alternate power sources,
such as photovoltaic cells, to replace public utility power
sources.
 Reuter
