Nexant, Inc. Has Completed Its First Venture Investment Round

September 27, 2000 Nexant, Inc., the energy technology and consulting company formed by Bechtel Capital Partners LLC earlier this year, announced today that it has successfully completed its first venture investment round, securing $15 million in capital from a blue chip group of investors, including The Beacon Group, Morgan Stanley Dean Witter, the partners of Hellman & Friedman LLC, and Nth Power Technologies, Inc. Nexant will use the investment proceeds to complete development of new technology solutions for the energy industry.