UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                  SCHEDULE 13G

                    UNDER THE SECURITIES EXCHANGE ACT OF 1934
                                  ANNUAL FILING
                                             (Amendment No. " ")

Metretek Technologies, Inc.
(NAME OF ISSUER)
Common Stock, par value $0.01 per share
(TITLE CLASS OF SECURITIES)
59159Q107
(CUSIP NUMBER)
12/31/01
(DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT)

CHECK THE APPROPRIATE BOX TO DESIGNATE THE RULE PURSUANT TO WHICH THIS SCHEDULE
IS  FILED:

               (X)  RULE  13D-1(B)
               ( )  RULE  13D-1(C)
               ( )  RULE  13D-1(D)

*THE  REMAINDER  OF  THIS  COVER  PAGE  SHALL  BE  FILLED  OUT  FOR  A
REPORTING  PERSON'S  INITIAL  FILING  ON  THIS  FORM  WITH  RESPECT  TO  THE
SUBJECT  CLASS  OF  SECURITIES,  AND  FOR  ANY  SUBSEQUENT  AMENDMENT
CONTAINING  INFORMATION  WHICH  WOULD  ALTER  THE  DISCLOSURES  PROVIDED
IN  A  PRIOR  COVER  PAGE.

THE  INFORMATION  REQUIRED  IN  THE  REMAINDER  OF  THIS  COVER  PAGE  SHALL
NOT  BE  DEEMED  TO  BE  "FILED"  FOR  THE  PURPOSE  OF  SECTION  18  OF  THE
SECURITIES  EXCHANGE  ACT  OF  1934  ("ACT")  OR  OTHERWISE  SUBJECT  TO  THE
LIABILITIES  OF  THAT  SECTION  OF  THE  ACT  BUT  SHALL  BE  SUBJECT  TO  ALL
OTHER  PROVISIONS  OF  THE  ACT  (HOWEVER,  SEE  THE  NOTES).



CUSIP  NO.  59159Q107                                           PAGE 2 OF 9


1.   NAME  OF  REPORTING  PERSON/EIN
     State Street Bank and Trust Company, as trustee for General Motors Employes
     Global Group Pension Trust

2.   CHECK  THE  APPROPRIATE  BOX  IF  A  MEMBER  OF  A  GROUP.*

     NOT APPLICABLE                                  A  __
                                                     B  __
3.   SEC  USE  ONLY

4.   CITIZENSHIP  OR  PLACE  OF  ORGANIZATION
     New York, New York


5.   SOLE VOTING POWER
     SHARES  0
6.   SHARED VOTING POWER
     SHARES  682,660
7.   SOLE DISPOSITIVE POWER
     SHARES  0
8.   SHARED DISPOSITIVE POWER
     SHARES  682,660
9.   TOTAL BENEFICIALLY OWNED
     SHARES  682,660
10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
     SHARES*

     NOT APPLICABLE

11.  PERCENT  OF  CLASS  REPRESENTED  BY  AMOUNT  IN  ROW  9

     10.41%

12.  TYPE  OF  REPORTING  PERSON*
     EP
-----------



CUSIP  NO.  59159Q107                    13G                         PAGE 3 OF 9

1.   NAME  OF  REPORTING  PERSON/EIN
     General  Motors  Investment  Management  Corporation

2.   CHECK  THE  APPROPRIATE  BOX  IF  A  MEMBER  OF  A  GROUP.*

     NOT APPLICABLE                                  A  __
                                                     B  __
3.   SEC  USE  ONLY

4.   CITIZENSHIP  OR  PLACE  OF  ORGANIZATION
     Delaware


5.   SOLE  VOTING  POWER
     0
6.   SHARED  VOTING  POWER
     682,660
7.   SOLE  DISPOSITIVE  POWER
     0
8.   SHARED  DISPOSITIVE  POWER
     682,660
9.   TOTAL  BENEFICIALLY  OWNED
     682,660

10.  CHECK  BOX  IF  THE  AGGREGATE  AMOUNT  IN  ROW  (9)  EXCLUDES  CERTAIN
     SHARES*

     NOT APPLICABLE

11.  PERCENT  OF  CLASS  REPRESENTED  BY  AMOUNT  IN  ROW  9

     10.41%

12.  TYPE  OF  REPORTING  PERSON*
     IA,  CO



SCHEDULE  13G                                                        PAGE 4 OF 9
ITEM  1.

     (A)  NAME  OF  ISSUER
          Metretek  Technologies,  Inc.

     (B)  ADDRESS  OF  ISSUER'S  PRINCIPAL  EXECUTIVE  OFFICES
          600  17th  Street
          Suite  800  North
          Denver,  CO  80202
ITEM 2.

     (A)  NAME  OF  PERSON  FILING

          (i)  State  Street  Bank  and  Trust  Company,  as trustee for General
               Motors  Employes  Global  Group  Pension  Trust  ("Trust")
          (ii) General  Motors  Investment  Management  Corporation  ("GMIMCo")

     (B)  ADDRESS  OF  PRINCIPAL  BUSINESS  OFFICE  OR,  IF  NONE,
          RESIDENCE

          (i)  Trust
               c/o State Street Bank and Trust Company
               225 Franklin Street
               Boston, MA 02110

          (ii) GMIMCo
               767 Fifth Avenue
               New York, NY 10153

     (C)  CITIZENSHIP

          (i)  Trust  -  New  York
          (ii) GMIMCo -  Delaware

     (D)  TITLE  CLASS  OF  SECURITIES

          Common  Stock,  par  value  $0.01 per share(Metretek Technologies Inc.
          Shares)

     (E)  CUSIP  NUMBER

          59159Q107

ITEM  3.  IF  THIS  STATEMENT  IS  FILED  PURSUANT  TO  RULE  13D-1(B),  OR
          13D-2(B),  CHECK  WHETHER  THE  PERSON  FILING  IS  A:

(SELECT  EITHER  E  OR  F)
     (E)[x]  Investment  Adviser  registered under section 203 of the Investment
             Advisers  Act  of  1940  (in  the  case  of  GMIMCo)


     (F)[x] Employee Benefit Plan, Pension Fund which is subject to the
            provisions of the Employee Retirement Income Security Act OF 1974 or
            Endowment Fund (in the case of the Trust) SEE SECTION
            240.13d-1(b)(1)(ii)(F)



                                                                     PAGE 5 of 9

ITEM  4.  OWNERSHIP

The Trust is a trust formed under and for the benefit of one or more employee
benefit plans ("Plans") of General Motors Corporation ("GM"), its subsidiaries
and unrelated employers. GMIMCo is registered as an investment adviser under the
Investment Advisers Act of 1940.  Its principal business is providing investment
advice and investment management services with respect to the assets of the
Plans and of certain direct and indirect subsidiaries of GM and other entities.
The Trust and GMIMCo are referred to herein as the "Reporting Persons."

GMIMCo has the responsibility to select and terminate investment managers with
respect to the Plans.  It also itself manages certain assets of the Plans. One
investment manager acting with respect to the Plans is DDJ Capital Management,
LLC (the "Manager"). GMIMCo and the Manager have discretionary authority over
the assets of the Plans which they manage including voting and investment power
with respect to securities of the Issuer included among such assets. In view of
GMIMCo's management of certain assets of the Plans and GMIMCo's authority to
terminate the Manager, the following information is being provided as of
December 31, 2001 with respect to such securities of the Issuer under management
by the Manager for the benefit of the Plans (1)(2):

     (A)  AMOUNT  BENEFICIALLY  OWNED

          (i)          Trust               682,660
          (ii)         GMIMCo              682,660

     (B)  PERCENT  OF  CLASS

          (i)          Trust               10.41 %
          (ii)         GMIMCo              10.41 %

     (C)  NUMBER  OF  SHARES  AS  TO  WHICH  SUCH  PERSON  HAS:
          (I)   SOLE  POWER  TO  VOTE  OR  TO  DIRECT  THE  VOTE          0

          (II)  SHARED  POWER  TO  VOTE  OR  TO  DIRECT  THE  VOTE -
                Same  as  set  forth  under  Item  4  (a)  above
          (III) SOLE  POWER  TO  DISPOSE  OR  TO  DIRECT  THE  DISPOSITIO -
                0
          (IV)  SHARED  POWER  TO  DISPOSE  OR  TO  DIRECT  THE  DISPOSITION
                OF-  Same  as  set  forth  under  Item  4  (a)  above.

The various trusts established under the Plans invest in a variety of investment
media, including publicly traded and privately placed securities.  Such
investments could include shares of the Issuer and/or other securities of the
Issuer in addition to those referred to in this statement ("Additional
Securities").  The investment and voting decisions regarding any Additional
Securities which might be owned by such trusts are made by the trustees thereof
or unrelated investment managers, who, in so acting, act independently of GMIMCo
(although the appointment of such investment managers is subject to
authorization of and termination by GMIMCo as noted above). No information
regarding  any such holdings by such trusts under the Plans is contained in this
statement.

ITEM  5.   OWNERSHIP  OF  FIVE  PERCENT  OR  LESS  OF  A  CLASS

           NOT  APPLICABLE
 --------------
(footnotes)
(1)  Pursuant to Rule 13d-4.  The Reporting Persons expressly declare that the
filing of this statement shall not be construed as an admission that any such
Person is, for the purposes of Sections 13(d) or 13(g) of the Securities
Exchange Act      of 1934, as amended, the beneficial owner of any securities
covered by this statement.
(2) Includes 482,660.00 shares which may be acquired upon the conversion of
certain of the Issuer's convertible securities and warrants, calculated in
accordance with rule 13d-3(d) (1).



                                                                     PAGE 6 OF 9

ITEM  6.   OWNERSHIP  OF  MORE  THAN  FIVE  PERCENT  ON  BEHALF  OF  ANOTHER
           PERSON.

           NOT  APPLICABLE

ITEM  7.  IDENTIFICATION  AND  CLASSIFICATION  OF  THE  SUBSIDIARY  WHICH
          ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY

          NOT  APPLICABLE

ITEM  8.  IDENTIFICATION  AND  CLASSIFICATION  OF  MEMBERS  OF  THE  GROUP

          NOT  APPLICABLE

ITEM  9.  NOTICE  OF  DISSOLUTION  OF  GROUP

          NOT  APPLICABLE


ITEM 10.  CERTIFICATION

By signing below the undersigned certifies that, to the best of the
undersigned's knowledge and belief, the securities referred to above were
acquired in the ordinary course of business and were not acquired for the
purpose of and do not have the effect of changing or influencing the control of
the issuer of such securities and were not acquired in connection with or as a
participant in any transaction having such purposes or effect.



                                                                     PAGE 7 of 9

After reasonable inquiry and to the best of the undersigned's knowledge and
belief, the undersigned certifies that the information set forth in this
statement is true, complete and correct.

Dated:  February ___, 2002

                         STATE STREET BANK AND TRUST COMPANY,
                         As trustee for GENERAL MOTORS EMPLOYES
                         GLOBAL GROUP PENSION TRUST (as directed by
                         General Motors Investment Management Corporation)


                         By: ______________________________________
                         Name:
                         Title:




                                                                     PAGE 8 of 9

After reasonable inquiry and to the best of the undersigned's knowledge and
belief, the undersigned certifies that the information set forth in this
statement is true, complete and correct.

Dated:  February ___, 2002

                         GENERAL MOTORS INVESTMENT MANAGEMENT
                         CORPORATION




                         By:______________________________________
                             Name:
                             Title:




                                                                     PAGE 9 OF 9





JOINT FILING AGREEMENT

     This  will  confirm the agreement by and among all the undersigned that the
Schedule  13G  filed  on  or  about  this  date  with  respect to the beneficial
ownership  by  the  undersigned  of  shares  of  common  stock  of  Metretek
Technologies,Inc.  being,  and  any  and all amendments to such Schedule may be,
filed  on  behalf  of each of the undersigned. This Agreement may be executed in
two  or  more counterparts, each of which will be deemed an original, but all of
which  together  shall  constitute  one  and  the  same  instrument.

Dated:   February ___, 2002




                         STATE STREET BANK AND TRUST COMPANY,
                         As trustee for GENERAL MOTORS EMPLOYES
                         GLOBAL GROUP PENSION TRUST (as directed by
                         General Motors Investment Management Corporation)

                         By:____________________________________
                             Name:
                             Title:




                         GENERAL MOTORS INVESTMENT MANAGEMENT
                         CORPORATION


                         By:____________________________________
                             Name:
                             Title: