Message-ID: <28490618.1075845191958.JavaMail.evans@thyme> Date: Fri, 1 Jun 2001 06:13:00 -0700 (PDT) From: communications.newpower@enron.com Subject: POWER BRIEFS - June 1, 2001 Mime-Version: 1.0 Content-Type: text/plain; charset=ANSI_X3.4-1968 Content-Transfer-Encoding: quoted-printable X-From: NewPower Communications, X-To: X-cc: X-bcc: X-Folder: \Lay, Kenneth\Lay, Kenneth\Inbox X-Origin: LAY-K X-FileName: Lay, Kenneth.pst POWER BRIEFS FRIDAY, JUNE 1, 2001 * * * DELIVERING ON THE STRATEGY - On Tuesday, May 30th, NewPower celebrat= ed a record-breaking day in customer sign ups. Between the Charlotte and He= rndon facilities, and the company's outbound telemarketing efforts, NewPowe= r booked more than 1,300 accounts for the day! Approximately 572 new custo= mers called in to our center to come onboard for a gas plan, while approxim= ately 390 called in for electric. Total (gas and electric) residential out= bound telemarketing efforts for the day brought in approximately 287 new cu= stomers, while outbound telemarketers enrolled approximately 63 new small c= ommercial customers. Since August, NewPower has enrolled roughly 120,000 g= as and electric customers. The count for the end of June is estimated at 1= 24,000 (this does not take into account Tuesday's remarkable results). Thi= s is the beginning of great things to come for NewPower's marketing and cus= tomer contact efforts. Please share the great news with contractors and c= onsultants. OTHER ENERGY NEWS - NewPower shares news items weekly to inform employees a= bout coverage of the energy industry. Publication of a news clip is not an= endorsement of its viewpoint or accuracy. CHENEY SAYS DESPITE SENATE SHIFT, LONG-TERM ENERGY POLICY NEEDED - [Oil & G= as Journal, May 25.] US Vice-Pres. Dick Cheney Friday said policy makers s= hould not yield to political expediency and continue ignoring the nation's = long-term energy needs. http://ogj.pennnet.com/articles/web_article_display= .cfm?Section=3DOnlineArticles&ARTICLE_CATEGORY=3DTOPST&ARTICLE_ID=3D102299 MASSACHUSETTS ELECTRIC FIRMS ASK REGULATORS TO RAISE RATES - [Boston Globe,= May 26.] Two big utilities that serve electric customers in Central Massa= chusetts yesterday filed for fuel charge increases for residential customer= s. The rate increases being sought by Fitchburg Gas and Electric Light Co. = and Massachusetts Electric Co. apply to "standard offer" service and follow= the filing a week ago by NSTAR Electric for fuel charge increases in its s= tandard offer and default service generation rates. Massachusetts Electric,= a retail arm of National Grid USA in Westboro, also filed yesterday seekin= g to increase its standard offer by the same amount -- 1.23 cents -- from 5= .401 per kWh to 6.631 cents per kWh. The rate increase would add $6.15 to = the monthly bill of typical residential customer using 500 kilowatts, pushi= ng it from $56.54 to $62.69. http://www.newsalert.com/bin/story?StoryId=3DC= oW8Qqaicr0WTruXfq1rssum&FQ=3D%22fitchburg%20gas%22&Nav=3Dna-search-&StoryTi= tle=3D%22fitchburg%20gas%22=20 ELECTRICITY-CHOICE PROMOTION PROGRAM STUDY IN MISCUES - [Columbus Dispatch,= May 27.] If you listen to the people who run Ohio Electric Choice -- the = state's electricity-deregulation program -- the marketing plan has been a s= uccess. According to one survey, 62 percent of Ohioans are aware of the pla= n to allow them to choose their electricity provider. That compares with 38= percent who knew of the plan before a multimillion-dollar public-relations= and advertising campaign began last year. But in real terms, the $11.2 mi= llion being spent statewide during the first 12 months of the five-year pla= n doesn't seem to have produced many tangible results. So far, only 150,000= residential customers in northern Ohio and 500 more in the central and sou= thern parts of the state have switched suppliers. There's been more succes= s with community-driven efforts -- and with little noticeable assistance fr= om the statewide promotional dollars. http://libpub.dispatch.com/cgi-bin/do= cumentv1?DBLIST=3Dcd01&DOCNUM=3D23614&TERMV=3D31224:6:31289:6:51808:6: TEXAS PUC CHAIRMAN GAINS FEDERAL ENERGY POST - [Associated Press, May 27.] = The Senate has approved President Bush's nomination of Pat Wood, chairman o= f the Texas Public Utility Commission, to the Federal Energy Regulatory Com= mission. Also approved for the panel was Nora Brownell, a member of Pennsy= lvania's Public Utility Commission. The two were unanimously approved Frida= y. http://www.dallasnews.com/politics/378308_wood_27nat.ART.html=20 POWER FIRM CHIEF LISTS SOLUTIONS FOR CRISIS - [Los Angeles Times, May 27.] = Kenneth Lay, the head of Houston-based Enron Corp., handed out a four-page = plan detailing his solution to California's energy crisis at a meeting with= Los Angeles Mayor Richard Riordan and other state business and political l= eaders at a Beverly Hills hotel May 17. http://enehou-dj01.corp.enron.com/v= iewarticle.asp?folderid=3D8&AN=3DLATM0114700482=20 BIZ SCHOOL GRADS REDISCOVER ENERGY - [Reuters, May 27.] Getting a job in th= e staid energy business hasn't exactly been considered the pinnacle of succ= ess for ambitious business school graduates. Maybe it should be, since a n= ational energy crisis makes conditions ripe for a resurgence of interest in= the industry from both newly minted MBAs and experienced executives. http:= //biz.yahoo.com/rb/010527/business_energy_jobs_dc.html=20 AGL TO SHUT OFF 4,000 MORE CUSTOMERS - [Atlanta Journal-Constitution, May 2= 9.] Nearly a quarter of a million Georgia households are on Atlanta Gas Lig= ht Co.'s turnoff list, almost two months after expiration of a Public Servi= ce Commission-ordered moratorium on disconnections of natural gas service. = That's 16 percent of the 1.5 million homes and businesses in the state tha= t purchase natural gas from unregulated marketers and are supplied through = AGL's pipeline system. Most of the accounts on the disconnection list will = never be actually turned off because customers will pay their bills or make= payment arrangement with marketers. http://www.accessatlanta.com/partners/= ajc/newsatlanta/0529gas.html=20 DON'T TURN BACK CLOCK, MASS. URGED - [Worcester Telegram & Gazette, May 29.= ] A bill would put Massachusetts on daylight-saving time year-round in an = effort to save energy.=20 Proposed by state Rep. William G. Greene, D-Billerica, it comes as skyrocke= ting electricity prices force California and other states to consider the c= hange, too. http://www.telegram.com/news/page_one/savetime1.html=20 TAPPING POWER OF SUPPLY, DEMAND - [Philadelphia Inquirer, May 30.] Regulati= ng markets so they are more efficient will always involve controversial iss= ues and politically charged decisions. But those are the right issues to ar= gue about. The real energy policy question should be how - not whether - to= make the market work. http://inq.philly.com/content/inquirer/2001/05/30/bu= siness/CASS30.htm?template=3Daprint.htm=20 COURT DECLINES ENERGY PRICE CAP - [Associated Press, May 30.] Gov. Gray Dav= is threatened to sue the federal government for help in his state's power c= risis after an appeals court declined to order energy regulators to cap who= lesale electricity prices. http://cnniw.yellowbrix.com/pages/cnniw/Story.ns= p?story_id=3D21142293&ID=3Dcnniw&scategory=3DUtilities=20 CALIFORNIA'S DAVIS PRAISES BUSH DIRECTIVE ON NATURAL GAS - [Oil & Gas Journ= al, May 30.] California Gov. Gray Davis Tuesday praised President George W.= Bush's directive to investigate high natural gas prices in the state, but = confirmed they remained far apart on the "big enchilada" of temporary elect= ricity price relief. http://ogj.pennnet.com/articles/web_article_display.cf= m?Section=3DOnlineArticles&ARTICLE_CATEGORY=3DElect&ARTICLE_ID=3D102547=20 CUSTOMER SIZE, INCOME KEY TO DECIDING TO PARTICIPATE IN RETAIL CHOICE: NARU= C - [Electric Power Daily, May 31.] Customer size and income are two key f= actors affecting participation in retail choice programs for gas and electr= icity. See p. 4 of the following link: http://home.enron.com/pubs/powerdai= ly/data/powerdaily.05.31.2001.pdf=20 MEDIA QUOTE OF THE WEEK: "Admit it: The only comic relief in this energy c= risis has been watching our leaders go at suppliers and each other like pro= wrestlers or Jerry Springer guests." - Los Angeles Times, May 25, 2001= =20 OF INTEREST * * * WHAT THEY'RE SAYING - FINANCIAL ANALYSTS ON THE COMPANY'S= FIRST QUARTER 2001 RESULTS "NewPower Holdings remains an attractive Long Term Buy as the first nationa= lly branded provider of electricity and natural gas to residential and smal= l commercial customers in the United States. Unlike traditional utilities,= which have service areas defined by geography, NPW is targeting select opp= ortunities in deregulated markets throughout the country? We believe this r= emains an attractive high growth business proposition, particularly with a = fully-funded business plan trading at approximately twice book value." - J.= P. Morgan Securities Inc. "NewPower continues to grow with lower-than-expected costs, driven by stron= g growth in their Internet marketing efforts and their ability to acquire p= ortfolios of customers at attractive prices?We like the concept. We think = timing is right for investing in the newly emerging Competitive Retail Ener= gy industry?Being a first mover in this business in very important. In our= view, NewPower has clearly established itself as a credible first mover." = - Salomon Smith Barney # # # ________________________________________ Managers, please decide whether to post or pass along copies of POWER BRIEF= S for contractors or consultants who are unable to access it on Lotus Notes= . . =20 Please send questions or comments to: NewPower.Communication@NewPower.com= =20 POWER BRIEFS is a proprietary publication for all NewPower employees and is= not intended for use by external audiences.