Message-ID: <8178060.1075841867305.JavaMail.evans@thyme> Date: Wed, 13 Dec 2000 17:20:00 -0800 (PST) From: pmadpr@worldnet.att.net Subject: PowerMarketers.com Daily Power Report for 14 December 2000 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------ THE ENERGY INFO SOURCE TRANSMISSION REPORT (December 2000 Edition) * Detailed Analysis of October 15th RTO and ISO Filings * Transcos and Gridcos * Maps of Transco and RTO areas * Much, much more. http://www.pmaconference.com/Transmission.pdf FINANCIAL TIMES NORTH AMERICAN ELECTRIC POWER SYSTEM WALL MAP Special Holiday Offer-- $100 Off if Ordered by New Years! http://www.pmaconference.com/powermaps.pdf ************************************************************************ ------Advertisement------ MANAGING THE RISK OF RETAIL OPERATIONS -- January 18-19, 2001, Orlando http://www.pmaconference.com/retailrisk1.18.pdf NUCLEAR ASSET DIVESTITURE -- Jan 30-Feb 1 , New Orleans http://www.pmaconference.com/nuc-ebro.pdf POWER MARKETS 2001 --MARCH 14-16, 2001 LAS VEGAS, NEVADA >>>> Now Available: Exhibition Space and Sponsorships http://www.pmaconference.com/0103Agenda.pdf ************************************************************************ --------------------T O P S T O R I E S-------------------- Top Stories (December 13) CALIFORNIA PUC PROPOSES TO LET UTILITIES OUT OF CALPX The California Public Utilities Commission has proposed letting the state's three investor-owned utilities out of the requirement that they purchase their power through the California Power Exchange. http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2000/ 12/13/eng-djn/eng-djn_010022_197_262003198266 EDISON TO CALL FOR END TO CALIFORNIA ELECTRIC DEREGULATION WEDNESDAY Edison International, saying the current state of California's power markets threatens the company with bankruptcy, will call Wednesday for an end to California's four-year experiment with deregulation, sources familiar with the issue told Dow Jones Newswires. http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2000/ 12/13/eng-djn/eng-djn_020052_233_490340299904 US FERC DELAYS RULING ON ILLINOIS POWER LEAVING MIDWEST ISO Federal regulators Wednesday delayed a decision on Illinois Power's request for authorization to leave the non-profit Midwest Independent System Operator to join the for-profit Alliance Regional Transmission Organization. http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2000/ 12/13/eng-djn/eng-djn_154022_236_357367800083 NEW YORK PSC APPROVES $903M POWER PLANT SALE TO DYNEGY The New York Public Service Commission on Wednesday approved the sale of two electricity generating facilities to Dynegy Inc. in a $903 million deal. http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2000/ 12/13/eng-djn/eng-djn_200027_156_457302218769 FERC REJECTS ISO NEW ENGLAND CAP ON POWER CAPACITY MARKET The Federal Energy Regulatory Commission Wednesday rejected a bid by New England's power grid operator to cap a segment of the region's wholesale power market that has been linked to price-fixing. http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2000/ 12/13/eng-djn/eng-djn_224021_247_139906000812 -BRITISH POWER COMPANY BUYS LOUISVILLE, KENTUCKY-BASED FIRM Kentucky's largest utility company is now owned by a British power conglomerate. http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/writersd esk/2000/12/13/eng-powerm-000001/eng-powerm-000001_190837_191_508748303168 ENERGY COMPANY PLANS HUGE POWER PLANT IN LIVERMORE, CALIFORNIA Calpine Corp. is planning a Livermore area power plant nearly twice the size of a controversial electrical facility that the San Jose City Council rejected last month. http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri dder/2000/12/13/krtbn/0000-0491-SJ-POWER-PLANT ---------------------------------------------------------------------- DOW JONES NEWSWIRES ---------------------------------------------------------------------- Access stories online at: http://199.97.97.79/IMDS|PMADJN0,PMADJN1,PMADJN2,PMADJN3,PMADJN4|index Calif PUC May End Utils Rate Freeze, Raise Rates Dec 21 FERC Rejects ISO New England Cap On Pwr Capacity Mkt Reliant Resources IPO Price Adjusted To $15.50-$17.50 Calif Gov Posts Names Of `Dirty 13' Pwr Suppliers BC Hydro: Curtailed Power Sales To Calif ISO On Credit Cal-ISO/Wed Peak -2: Imported Power Secured Through Fri Hydro-Quebec Blames Severe Weather For Power Cuts To US Business News From The Japanese Press Thursday Edison International, Units Rtgs On S&P Watch-Neg >EIX N.Y. PSC Approves $903M Power Plant Sale To Dynegy Ballard/Amendment -2: Other Analyst Rates Stk A 'Buy' Ballard/Amendment -3: Analyst Sees Buying Opportunity FERC/Wisconsin Transco Plan-2:ATC Plans To Meet Deadline El Paso Electric/CEO -2: Initial 5-Year Term Ends May '01 EEI: US Electric Output For Wk Ended Dec 9 Up 11% On Yr PG&E: Will Keep Borrowing Until Lenders Say 'No More' Election's End Spurs Speculation On FERC Appointments PRESS RELEASE: Moody's:Utilicorp Sr Unsec Baa3 Confirmed Utilicorp Sr Unsec Baa3 Confirmed By Moody's FERC Rejects Wisconsin Transco Rate Plan; Clears Tariff Calif. Energy Crisis May Loom As 2001 Economic Threat HEW/Veag -5:Vattenfall's German Expansion Almost Complete HEW/Veag -3: E.On To Get 15.7% Stake In Sweden's Sydkraft US FERC Delays Ruling On Illinois Pwr Leaving Midwest ISO Amer Elec Gets OK To Restart Cook Nuclear Plant Unit 1 Snowstorm Slows Operations, Closes Schools In St. Louis HEW/Veag -4: Regulatory Hurdles Expected To Be Cleared FERC Rejects Wisconsin Transco Rate Plan; Approves Tariff HEW/Veag -2: Beat Out European, US Competition HEW To Buy Veag, Laubag From RWE, E.On For DEM2.9 Bln RWE Says It Will Keep Control Of Envia After Veag Sale FuelCell Energy 4Q Revenue $8.1M Vs $3.48M >FCEL FuelCell Energy 4Q Loss 9c/Shr Vs Net 4c >FCEL Liffe/Stock Futures -2: Includes Italy, Spain Revised Palo Verde Futures Vol. Dec. 12, 0 Equatorial Guinea Grapples With New Oil Wealth Gener Chile Holders Vote Tuesday To Lift Ownership Cap Quick Fixes To West Pwr Crisis May Worsen Matters Later Edison To Call For End To Calif Elec Dereg Wed -Sources Calif PUC: Utils May Offset Debt With Generation Revenue Calif PUC Proposes To Let Utilities Out of CalPX Strong Winds Cause Outages, Damage Across New Jersey 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 Dodges Power Blackouts, as Washington Steps in to Avert Crisis A Blustery Night: Winds Knock Out Power, Close Schools; Capitol Christmas Tree Topples under Gusts Statement from Dynegy President And Chief Operating Officer Steve Bergstrom Regarding Electricity Generation in California: Money Woes Add to Energy Shortage Calif. Utility Cos. Face Crisis Chill, Rain May Put City on Thin Ice Natural Gas to Cost You More Peaker Success Story One Town Is Happy with Its Power Plant Trial Ordered for Power Companies Tom Brown Announces Agreement to Acquire Stellarton Energy; Transaction Will Establish Western Canada As A Core Area Peoples Energy Gas Price Information Campaign Corporations Hire Outside Companies to Find Cheap Energy Nrg Energy Subsidiary Nrg South Central Generating Llc Commences Exchange Offer -Oklahoma Legislative Committee Schedules Electric Restructuring Hearing Los Angeles Department of Water And Power Updates Energy Bulletin for Wednesday, DEC. 13, 2000 Southern Energy Denies Allegation by California Governor PG&E Corporation CEO Applauds State And Federal Leadership on Energy Crisis California ISO Issues Stage Two Electrical Emergency; Media Teleconference Call at 4:00 P.M. And 6:15 P.M. Major Supply Concerns Add to Calif Energy Woes Sempra Energy Completes $300 Million Offering Catalytica Announces Date of Closing of Acquisition by DSM And Spin-Off of Catalytica Energy Systems Peco Energy Gearing Up for Winter Storm Power Outages - Harbinger of Things to Come to Be Held by The Strategic Research Institute in Washington, DC at The Washington Marriott on February 12 & 13, 2001This Conference Focuses on All Aspects of Power Outages Through Interactive Sessions on - Understanding The Problem - Promising Technologie Lukens Energy Group Announces Business Developments; Name Change, Reorganization And Canada Office Xcel Energy Inc. Declares Quarterly Common And Preferred Dividend General Services Administration, Smithsonian Institution And Washington Gas Unveil Advanced Cogeneration Power And Cooling Project Utility Enters the Perfect Power Storm City Council Approves Budget; Hits Utility with More Costs Power Rates Up by 86%? Surcharge: Tacoma Utility Says It Needs That to Get Through Winter Azcentral.com - P&G Enters Power Toothbrush Market Toronto Wind Turbine Project Wins Environmental Approvals from Federal And Provincial Governments Power And Energy Company, Ramoil Management, Ltd., Announces New Board of Directors Csiro: New Plant for Green Energy And Landcare El Paso Electric Announces CEO Contract Extension And Succession Plan Progress Energy Board Increases Dividend Electric Bills May Shock Residents General Electric Remains on Course Transalta Corp - Transalta Power L.P. Declares Cash Distribution Come Strut with Peco Energy And The Mummers Fancy Brigades Fallen Tree Cuts Power to Forest Lakes Homes Energy Update/Los Angeles Department of Water And Power Daily Energy Update, Wednesday, DEC. 13, 2000 Srs Saves Florence, S.C. School District More Than Half a Million Dollars Annually with Energy Upgrades Puget Sound Energy Filing Designed to Protect Customers from Maneuver by Industrial Group Save the Discos! Energy Distribution Companies Struggle to Define Business Strategies Repeats: Energy Volume And Open Interest Totals-DEC 13 Pollution Plan May Be Costly to Indiana Utility Companies Vintage Petroleum Extends Bank Facility Maturity; Closes Purchase of Cometra Energy (Canada) Ltd. Southeastern Federal Power Customers File Lawsuit Over Water Removal California Continues String of Power Alerts NY Natural Gas: Bounces from Early Lows on Large Aga Draw Views Top Energy Summaries - Wednesday, December 13, 2000 - 12:30 PM Media Advisory - Toronto Waterfront Wind Turbine Press Conference Cancelled Mitchell Energy Directors Declare Dividends CMS Energy's Marketing Unit Is Awarded Contract to Supply Power to City of Columbus, Ohio EC Welcomes Czech-Austrian Nuclear Power Agreement Total Energy Services Ltd. Announces Plans to Repurchase Common Shares Wholesale Electric Prices Soar Anew Orion Power Elects Cheryl Mills And Vincent Tese to Its Board of Directors Shiningbank Energy Announces Record Quarterly Empire Energy, Commonwealth Energy Sign Formal Merger Agreement NY Natural Gas Pre-Opg: Choppy, Down on Weak Cash Before Agas Top Energy Summaries - Wednesday, December 13, 2000 - 9:15 Am Ppl Wrapping Up Recovery from Wind Storm Manufacturer Makes More Selling Power Cheniere Energy Engages Aurora Exploration Oge Energy Corp. Posts December 2000 Financial Presentation Webcast Neighbors in A Power Struggle / State, Northwest Trade Blame for Energy Woes New Power Plant Proposed for Spot Near Livermore / State Energy Commission Must Ok Project Cez And Mining Firms Solve Coal Withdrawal Vector Energy Well Enhancement Update: Additional Well Completed And Online Troy Financial Services Launches Online Bill Payment; Utility Companies Adopt Echeck Secure for Internet And Telephone-Based Bill Payment Royal Dutch/Shell raises InterGen stake to 68 pct, injects Coral Energy assets Ipnet Awarded E-Commerce Security Certification for Energy Industry; Gas Industry Standards Board Leads Charge in E-Commerce Standards Power Rangers Avista Turns to Cabinet Gorge Dam; in Continuing Effort to Boost Energy Output Energy Companies Paying Close Attention to Internet Security As Web Grows in Importance And Online Threats Mount Canargo Energy Corp - Acquisition of New Acreage in Georgia Cypress Energy Inc - Startech Update on Production Testing Activities at - Whiskey Creek Power Surge Utilities Will Benefit from Demand Generated by The Internet, But Onus Is on Them to Deliver More Reliably. GE Power Systems Moving HQ to Atlanta The Higher the Utility Bills, The More Tax Iowa Gains Sioux City Firm to Sell Natural Gas Howling Winds Ground Flights, KO Electricity California State Urges Power Users to Conserve ---------------------------------------------------------------------- I N T E R N A T I O N A L ---------------------------------------------------------------------- Access stories online at: http://www.powermarketers.com/pma-intr.htm -British Power Company Buys Louisville, Ky.-Based Firm Chubu Electric Develops System to Dissolve Halons 4 Firms to Form Energy Solution Service JV Power Generation in Russia Exceeds 121 Bln Kilowatt/Hour. Greenpeace Criticises Finnish Nuclear Power Policy Top Energy Summaries - Wednesday, December 13, 2000 - 2:19 PM Utilicorp Unit Aquila Energy Files for $425m Ipo (Ucu) U.S. natural gas inventories seen starting 2001 at record low - study UK govt approves building of 3 combined heat, power stations During Putin's Visit to Cuba Sides to Discuss Power, Industry. Russia Increases Nuclear Power Generation Ukraine Gets EC Loan for Nuclear Power Stations Top Energy Summaries - Wednesday, December 13, 2000 - 7:43 Am UN: Secretary-General, Welcoming Imminent Closure of Chernobyl Nulcear Power Plants, Calls for International Assistance to Mitigate Disasters Long-Term Impact Poland Seeks to Diversify Natural Gas Sources UK Government Expresses Support to Non-Renewable Energy Projects British Firm Acquiring GA. Natural-Gas Marketer Indian Govt Finalising Renewal Energy Policy Financial Bodies Propose Security Mechanism for Indian Private Power Projects Czech premier agrees to E.U. check of nuclear power plant Inner Mongolia Becomes China's Key Energy Industrial Base Astropower And Elkem Form Alliance to Supply Silicon Feedstock to Solar IndustryVenture Aims to Accelerate Industry Growth by Removing Raw Material Constraints ---------------------------------------------------------------------- KRT DAILY ENERGY NEWS ---------------------------------------------------------------------- Access stories online at http://www.powermarketers.com/pma-krt.htm Corporations Hire Outside Companies to Find Cheap Energy -Georgia, Alabama, Florida Water-Sharing Talks to Resume -British Power Company Buys Louisville, Ky.-Based Firm -Oklahoma Legislative Committee Schedules Electric Restructuring Hearing -General Electric Moving Power Systems Division to Atlanta Austin, Texas-Based Power Company Argues for Electricity Deregulation Wisconsin Power Company Recovers from Emergency Tacoma, Wash., Utility Seeks Surcharge on Electricity Usage Energy Company Plans Huge Power Plant in Livermore, Calif. Electricity Price Jumps, But California Still Suffers Severe Power Shortage Pacific Northwest Averts Power Shortage Northwest Electric-Power Consumers Advised to Reduce Use of Holiday Lights Electricity Prices Soar As Changes Take Hold in California State Regulators Say Virginia Power Firm Made Adequate Ice Storm Repairs Participation in Virginia Utility'S Electricity Choice Program Falls Short Virginia Electric CO-Ops Look at Self-Regulation Go Easy on Watts, Northwest Power Chiefs Say Firms Take Over Waste Glassification Contract in Hanford, Wash. Philadelphia Officials Take Dispute on Utility'S Rate Boost to Court Philadelphia Gas Works Sees Bleak Future Colorado Utility Considers Another Rate Increase Electric Rates Are Expected to Rise Across Wisconsin Sandia National Lab to Help New Mexico Indians Lower Energy Bills North Carolina Officials Ponder Electric Power Debt Electric Gold Rush Is Zapping California Massachusetts Regulators Approve Electricity Rate Hike Forth Worth, Texas-Based Energy Company Takes Itself Private Opinion: British Electricity Group National Grid Faces Another Round of Change Utility Officials Repeat Power Warning in Oregon Officials Investigate Pipe Crack at South Carolina Power Plant New York Attorney General Looks Into State Utility'S Bankruptcy Amarillo Globe-News, Texas, Energy Briefs Column Austin, Texas, Energy Company Tries to Meet Demand for Tech Companies ---------------------------------------------------------------------- REUTERS ---------------------------------------------------------------------- Access stories online at: http://207.32.82.57/news/ElectricPower.html UPDATE 1-California secures power but trouble still looms UPDATE 2-Enron seen on steady path as Skilling named CEO Reliant Energy narrows IPO price range UPDATE 2-Icy storms roll from Texas to Missouri S&P may cut Edison Mission Energy's ratings UPDATE 1-Calif. pleads for emergency power imports More transmission owners plan to leave Midwest ISO S&P may cut PG&E Corp's single-A/A Kaisersays sticking to plan to re-sell power Calif governor says 2 utilities running out of cash US aluminum smelters avoid more output cuts UPDATE 2-P&G enters power toothbrush market with St. Johns buy Colombia sets new date for key utility privatization Kaiser(KLU.N)says sticking to plan to re-sell power TXU says 100,000 customers without power after ice storm Moody's rates Xcel Energy UPDATE 1-NRC says AEP's Cook 1 Mich. nuke ready for restart Crews restore power after fierce U.S. wind storm Moody's affirms UtiliCorp United ratings Moody's affirms UtiliCorp United ratings NRC says AEP's Cook 1 Mich. nuke ready for restart UPDATE 1-UtiliCorp says plans IPO for Aquila unit Fuelcell Energy Q4 loss vs year-earlier profit Icestorm glazes Texas roads, runways S&P harmonizies EPCOR Utilities ratings UtiliCorp says plans IPO for its Aquila unit UPDATE 1-Final days of stop-start at Chernobyl power station Final days of stop-start at Chernobyl power station FACTBOX-History of Chernobyl plant Enron names Jeffrey Skilling CEO as of Feb. 12 HEW/Vattenfall win majority of Veag-econ minister E.ON says Bewag goes to arbitration, Veag news due ********************************************************* 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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