No need to feel stranded waiting for more stranded cost debt issues, with market players predicting a boom year. Expectations are for another $6 billion of these utility bonds during the second half of 1999.

Jim Esselstine, analyst at Lehman Brothers, said he expects three new issues of these rate reduction bonds to arrive on the Street before the new millennium. He predicts the first out of the gate will be an $800 million deal from Boston Edison, to be followed by a $2.5 billion to $3 billion securitization from Pennsylvania Power and Light Co. Late in the year he anticipates a possible $2.5 billion funding effort by New Jersey's Public Service Electric & Gas.

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