Message-ID: <22531370.1075841868580.JavaMail.evans@thyme> Date: Mon, 8 Jan 2001 14:45:00 -0800 (PST) From: pmadpr@worldnet.att.net Subject: PowerMarketers.com Daily Power Report for 9 January 2001 Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: "The Power Marketing Association" X-To: X-cc: X-bcc: X-Folder: \kate symes 6-27-02\Notes Folders\Power marketer X-Origin: SYMES-K X-FileName: kate symes 6-27-02.nsf Attention POWER REPORT Readers: Go to http://www.powermarketers.com/prdaily.htm to view today's edition with direct headline links to each story.] ====================================================================== The Industry's Preferred Source For Breaking Energy News And Information http://www.powermarketers.com ---------------------------------------------------------------------- T H E P O W E R M A R K E T E R S .C O M P O W E R R E P O R T Today's Headlines From POWERMARKETERS.COM Subscriptions to The PowerMarketers.com Power Report are free - you will never be charged. 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To register for a free subscription, point your browser to: http://www.retailenergy.com/pma/dprreg.htm ************************************************************************ ------Advertisement------ CRISIS AND OPPORTUNITY: POWER MARKETS 2001 MARCH 14-16, 2001 LAS VEGAS, NEVADA The Power Marketing Association's 7th Annual Spring Meeting >>>> Now Available: Exhibition Space and Sponsorships http://www.pmaconference.com/0103Agenda.pdf ************************************************************************ ------Advertisement------ LOAD MANAGEMENT SERVICES FOR COMMERCIAL AND INDUSTRIAL CUSTOMERS January 17-19, 2001 Las Vegas, NV http://www.pmaconference.com/e-bro.pdf TRANSCOs 2001 January 22-24, 2001 New Orleans, LA http://www.pmaconference.com/Transcoa.pdf THE ADVANCED PROJECT FINANCE COURSES January 22-26, 2001, New York, NY http://www.pmaconference.com/Advfin.1.22.pdf ************************************************************************ --------------------T O P S T O R I E S-------------------- Top Stories (January 8) US DOE EXTENDS CALIFORNIA POWER EMERGENCY ORDER THROUGH JANUARY 10 The U.S. Department of Energy has extended through Jan. 10 an emergency order requiring power producers to supply California's troubled electricity market. http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/ 01/08/eng-djn/eng-djn_112020_244_165360182524 WHITE HOUSE TO HOLD CALIFORNIA POWER MEETING AT TREASURY TUESDAY The Clinton administration is planning to hold a meeting between administration officials, regulators and California utility executives at the Treasury on Tuesday afternoon, a White House official said Monday. http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/ 01/08/eng-djn/eng-djn_145346_119_275092920288 CHAIRMAN SUGGESTS FERC REQUIRE 'WEST-WIDE RTO' BE FORMED Given the electricity crisis in the state, the California Independent System Operator likely will miss this month's deadline to file a regional-transmission-organization proposal with the Federal Energy Regulatory Commission, the regulatory panel's chairman said last week. http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/ 01/08/eng-djn/eng-djn_212032_152_765619931743 POWER SUPPLY WOES SPREAD TO THE PACIFIC NORTHWEST While the nation's attention has primarily been on the extremely volatile California electricity markets, the Pacific Northwest has also come under increasing pressure as power shortages sent electricity prices soaring to unprecedented levels in December. http://199.97.97.163/IMDS%PMANAT0%read%/home/content/users/imds/feeds/comtex/2 001/01/08/bw/0000-0789-ny-fitch.pacific-nw ---------------------------------------------------------------------- DOW JONES NEWSWIRES ---------------------------------------------------------------------- Access stories online at: http://199.97.97.79/IMDS|PMADJN0,PMADJN1,PMADJN2,PMADJN3,PMADJN4|index Chairman Suggests FERC Require 'West-Wide RTO' Be Formed Calif Gov. Davis, Sr Corp Execs To Attend DC Elec Summit Calif Assemblyman Names Energy Committee To Craft Bills Allegheny Energy Sees Buy Adding To Net In 1st Year >AYE PG&E: Intend To Make Jan 16 CalPX Payment; Cash Squeeze Calif Assembly Speaker-2:Legislative Plans To Be Outlined PRESS RELEASE: CE Generation Sr Sec On S&P Watch-Negative Allegheny Energy CEO -3: Sees '01 Net $3.80-$4.10/Share PRESS RELEASE: Moody's Affirms Sempra Energy, SDG&E Sempra Energy, San Diego Gas & Elec Affirmed By Moody's Allegheny Energy CEO -2: Expects To Expand Trading Unit Calif Pwr Settlement Talks To Resume This Week White House To Hold Calif Power Meeting At Treasury Tue US Sen Lieberman Becomes Ranking Dem On Clean Air Panel PRESS RELEASE: Power Supply Woes Hit The Northwest: Fitch Allegheny Energy CEO Sees Merrill Deal Unlocking Value PRESS RELEASE:Ca Utils With Counterparty Risk Cut:Moody's Edison Mission Energy On Review For Cut - Moody's PRESS RELEASE: Edison Mission On Moody's Review For Cut Edison Funding Sr Unsec Cut To Baa3 By Moody's Japan's Nichimen To Buy, Sell Surplus Power - Nikkei Con Ed, NRC Defend Decision To Keep Indian Pt 2 Running SoCal Ed Says 1,450 Jobs Cut Friday; 1,850 Total Cut US DOE Extends Calif Pwr Emergency Order Through Jan. 10 India Enron May Invoke Guarantees To Recover Bills-Report FREE TRIAL: For a free trial of the Dow Jones Energy Service go to www.dowjonesnews.com, and click "create account," or call 1-800-223-2274. ---------------------------------------------------------------------- N A T I O N A L ---------------------------------------------------------------------- Access stories online at: http://www.powermarketers.com/pma-nat.htm California ISO Issues Stage One Electrical Emergency; Generation Outages And Limited Imports Put Operating Reserves in Short Supply High Power Cost, Low Water Put Squeeze on City Light; Mayor Repeats Call for West Coast Price Caps, Proposes Rate Increase Atlanta Gas Light's Ralph Cleveland Named Vice President of Virginia Natural Gas Global Energy Inc. Completes Purchase of Svz Gasification Technology Operations And Patents from Berlinwasser Holding Abraham accepts Energy post in Cabinet-(Michigan State U.) How State's Utility Reform Fizzled Power Producers Blast PSC Recommendations Energy Crisis Ferc Chairman Offers Compromise on California Power Market Ppl Completes Acquisition of Additional Share in Pennsylvania Power Plant PSE Customers Practice 'Next Generation' of Energy Management; Puget Sound Energy Urges Shifting Power Use to Off-Peak Times to Lower Demand Filing Underscores Commitment to Uninterrupted Power Supply in California; Reliant Energy Announces Emergency Ferc Filing Regarding Payment Security Illinois Power Now a Member of the Alliance Regional Transmission Organization (Rto) Oge Energy Corp. Named to 'Platinum' List by Forbes Magazine for 2nd Straight Year Ocean Energy Schedules January Conference Call And Web Cast -Lack of Donations Brings End to Kentucky Utility Assistance Program S&P Places CE Generation Llc on Creditwatch Negative NY Natural Gas Review:Rallies on Cooler Forecasts, Strong Cash Hottest New Energy Magazine to Examine E-Billing for Utilities, Internet-Based Energy Asset Management, Profitable Call Center Strategies And Data Interchange StandardsSpring Issue Will Include '2nd Annual Executive Guide to Providers of Customer Management Services' David T. Flanagan Resigns from Energy East -Utility Reform Is a Powerful Topic Among House Republicans Pepco Closes Sale of Share in Pennsylvania Power Plant Indusmin Energy Corp.: a Look Back At The Past Year Department of Energy Bonneville Power Administration Umatilla Generating Project Public Power Bridged A Big Chasm; This One's Just A Ditch Jump Repeats: Energy Volume And Open Interest Totals-Jan 8 Hughes Joins American Electric Power As Vice President - Investor Relations GM, Toyota reach agreement on fuel cell vehicle study While Base Rates Remain Unchanged, Rising Natural Gas Prices Force El Paso Electric to Request Fuel Cost Increase Energy Update/Los Angeles Department of Water And Power Daily Energy Update for Monday, Jan. 8, 2001 The Power and the Fury Companies Are Not Prepared to Survive Power Outages Gartner Says Energy Outages Signal Need for Erp II Power Supply Woes Spread to the Pacific Northwest DOE to Seek Ideas to Ease California Power Crisis at Tues Meeting U.S. Department of Energy Awards Subcontract to Novozymes Standard & Poor's Issues Report on Greka Energy Corporation Eea - California Energy Crises Reveal Internal Constraints EP Power Finance L.L.C. Announces Addition of Four Executives Top Energy Summaries - Monday, January 08, 2001 - 9:16 Am H.W. Wilson Company Selects Verity to Power the New Wilsonweb Site -- The Premier Reference Resource for Librarians And ResearchersVerity Technology Offers High-Speed, Precise Knowledge Retrieval And Supports Natural Language Queries Study Offers Powder River Basin Coal Price Projections, Mine Costs And Future Capacity Expansions Capstone Turbine ``Part of the Solution'' to California Energy CrisisMicroturbines Can Ease Utility Dependence on High-Cost Wholesale Power While Ensuring That Businesses Keep Running -Raleigh, N.C.-Based Utility Progress Energy Ponders Sale of Rail, Barge Units -Indianapolis Utility to Eliminate 20 Percent of Employees -Natural Gas Rate Hike Would Raise Prices 40 Percent in Boulder, Colo. High Voltage Engineering Corporation Taps Edgewater for Ebusiness Solutions; Edgewater Technology to Design And Implement Next-Generation Eprocurement Systems Cambridge Energy Corporation Announces the Completion of Third Party Reservoir Evaluation on Its Latest Acquisitions Allegheny Energy to Acquire Merrill Lynch's Global Energy Markets Unit; Acquisition Continues Allegheny's Transformation Into A Leading National Energy Merchant Californian Power Crisis Comes under Scrutiny Edison Cuts Jobs in California Power Crisis Epoch Partners Publishes Research Note on the California Energy CrisisEpoch Senior Analyst Mark Langner Discusses The Impact on Operators of CO-Location Facilities Including Exodus Communications And Equinix Rotary Power International, Inc. Successful in Converting $5,400,000 of Debt Into Equity UNL responds to soaring energy prices ---------------------------------------------------------------------- I N T E R N A T I O N A L ---------------------------------------------------------------------- Access stories online at: http://www.powermarketers.com/pma-intr.htm Neb Will Hold a Public Hearing in January on Certain Preliminary Matters Regarding The Sumas Energy 2. Inc. Application to Construct AnInternational Power Line@ Kestrel Energy Appoints a New Director; Rig Is Moved on to Greens Canyon #1 for Recompletion Top Energy Summaries - Monday, January 08, 2001 - 2:26 PM Top Energy Summaries - Monday, January 08, 2001 - 12:16 PM Mozambique to Acquire Africa's Largest Hydroelectric Power Station Vietnam, India Sign Atomic Power Cooperation Accord GM, Toyota Reach Agreement on Fuels for Fuel Cell Vehicles Including Technology Collaboration with Exxonmobil Govt. to Boost Power Privatizations - Peru Cambridge Energy Corporation Announces the Completion of Third Party Reservoir Evaluation on Its Latest Acquisitions Iron and Steel Industry Negotiates the Use of Natural Gas Top Energy Summaries - Monday, January 08, 2001 - 6:53 Am Independent Energy Boss in Assets Bid Barclays Caught in US Power Crisis Indian state says it has no money to pay Enron for power New Quota System for Renewable Energy Projects India, China CO Operate in Renewable Power Projects Norway: Hydropower Out, Natural Gas in Tiananmen leak shows power struggle ahead of 2002 leadership change World Bank Procurement - Tajikistan, Energy Management Malaysian Power Plant in Pakistan to Open Next Month Philippines Malampaya Gas Field to Increase Energy Self-Reliance Enron may have trouble financing phase II of Dabhol Power project in India FEATURE: German firm a power player in Vietnam By Michael Mathes, dpa ---------------------------------------------------------------------- KRT DAILY ENERGY NEWS ---------------------------------------------------------------------- Access stories online at http://www.powermarketers.com/pma-krt.htm -Lack of Donations Brings End to Kentucky Utility Assistance Program -Utilities Consumer Advocate Named at Georgia Public Service Commission -Utility Reform Is a Powerful Topic Among House Republicans -Stocks of Oklahoma's Energy Firms See Surge in 2000 -Raleigh, N.C.-Based Utility Progress Energy Ponders Sale of Rail, Barge Units -State Regulators Order Indiana Gas Co. to Make Slight Cut in Rates -Indianapolis Utility to Eliminate 20 Percent of Employees -Natural Gas Rate Hike Would Raise Prices 40 Percent in Boulder, Colo. Skyrocketing Gas Bills Makes Chicago Residents Turn to Wood for Heat Utah Utility to Raise Rates in January The Record, Stockton, Calif., Eric Grunder Column Sacramento, Calif.-Area Utility Ratepayers Hope for Wet Winter California Utilities Drop on Market in Wake of Latest Rate Hike California Legislators Urged Not to Accept Contributions from Utilities California Utilities Commission Approves Electric Rate Hike California Businesses Grapple with Increases in Energy Costs Electricity Rate Hike Casts a Gloomy Pall Over San Francisco Area California Utilities Commission Approves Rate Hikes Oil Refinery Joins Energy Partnership with Memphis, Tenn.-Based Utility Higher Energy Costs Affect Pennsylvania Consumers Fresno, Calif., Businesses Outraged Over New Energy Rate Hikes Albuquerque, N.M., Utility Shines in Year of Nasdaq Misery ---------------------------------------------------------------------- REUTERS ---------------------------------------------------------------------- Access stories online at: http://207.32.82.57/news/ElectricPower.html Sweden's power restored but many phones still down Kiel utility reshuffles boards as TXU buys stake UPDATE 1-PSEG to sell stranded cost bonds late Jan. Power woes spread to Pacific Northwest - Fitch UPDATE 1-Canadian metals shares get Alcoa bonus PSEG seen offering $2.5 bln stranded cost bonds-sources Moody's cuts Edison Funding ratings, may cut further Calif. utility wins court ruling on recovering costs WRAPUP 2-California Gov. Davis to address power crisis WRAPUP 1-California Gov. Davis to address power crisis Canada spot gas rises with U.S. on cold forecasts UPDATE 2-Allegheny to buy Merrill energy trading unit Allegheny to buy Merrill's energy trading unit U.S. natgas winter heating costs seen up 70 pct Illinois regulator to probe run-up in natgas prices UPDATE 2-Calif. utility wins court ruling on recovering costs UPDATE 1-Calif. utility wins court ruling on recovering costs TVA says to sell 10-yr global power bonds this week PG&E freezes management salaries amid soaring power prices US natgas storage fell to record low in Q4 - EIA Italy watchdog eyeing Enel's multi-utility role UPDATE 4-Blast rocks German power plant, no injuries UK's Barclays says not provisioning on PG&E Alstom to lay off 550 workers in Montreal U.S. stocks end lower, late rally limits losses Calif. utility crisis seen risk for Europe markets White House summit on California power crisis on Tuesday Romania N-plant restarts after brief halt Energen says EPS for 2001 may rise 25-30 percent PPL completes buy of 83 MW of Pa. Conemaugh coal plant EIA lowers estimate of nation's Q1 electricity demand Richardson urges compromise to end Calif. power crisis Moody's cuts 3 Calif utility projects, may cut 3 more Merrill to sell energy trades unit to Alleghany-WSJ Credit protection cost rises on Bank of America Power supply restored to Zambia's Roan copper mines Energy East says president resigns ********************************************************* NEW on the POWERMARKETERS.COM TRAINING PAGE ********************************************************* Access all online presentations at: http://www.pmaconference.com New! Now you can choose to stream the presentation immediately over the web, or download it to your computer for later viewing-- Free! New! Five additional RealVideo-based powerpoint-based presentations, with the accompanying audio. Running about 30 minutes each, the new selections include: ELECTRONIC TRADING. Power is following natural gas to become an electronically-traded commodity. The products, the technology and the future of electricity transactions. Kevin Sluder, Vice President, HoustonStreet Exchange. NUTS AND BOLTS OF RETAILING. What it takes to put an energy retailing operation together-- the cash and credit requirements, back office, information technology, staffing, marketing, sales and organizational considerations. Andrew Serri, Vice President, AmerenEnergy Marketing. RETAIL: WHAT WENT WRONG, HOW TO FIX IT. Retail electric deregulation has thus far been an underwhelming success, but a great deal has been learned, and it is eminently fixable. By Dr. John O'Brien, Principal, Skipping Stone MANAGING BILLING. The complex requirements for managing billing and commodities in the deregulating energy industry cannot be met with current CIS and CRM technology. Energy Retailers must embrace the next evolution of energy customer management (ECM) solutions. Paul Grey, Chief Technology Officer, Peace Software. THE INTERNET AND THE VELOCITY FACTOR. Greater price transparency, faster execution, reduced transaction costs, increased number and frequency of transactions and increased specialization are just some of the changes to energy markets wrought by the web, and it's just beginning. Implecations of the internet for energy markets. E. Russell "Rusty" Braziel, Chairman and Director, Altra Energy Technologies. 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