Message-ID: <16693048.1075841871444.JavaMail.evans@thyme> Date: Sun, 18 Mar 2001 13:02:00 -0800 (PST) From: pmadpr@worldnet.att.net Subject: PowerMarketers.com Daily Power Report for 19 March 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. You may redistribute this e-mail without change. You may not redistribute stories. To register for a free subscription, point your browser to: http://www.retailenergy.com/pma/dprreg.htm ************************************************************************ Attend PROJECT FINANCE: THE TUTORIAL April 23-25 2001 NY NY and PROJECT STRUCTURING IN THE REAL WORLD: ADVANCED SEMINAR April 26-27 NY NY Download the conference brochure at http://www.pmaconference.com/pfweek.pdf ************************************************************************ NEW!!! EUROPEAN POWER TRADING 2001 European trading volumes soared in 2000. Traders now set the pace in key markets, no matter what politicians want. And the torpor of ministries is nowhere to be found in this business. This major study will help you understand European power markets, transmission networks, products and policies. Download brochure at http://www.pmaconference.com/europe.pdf ************************************************************************ --------------------T O P S T O R I E S-------------------- Top Stories (March 16) CALIFORNIA GOVERNOR ANNOUNCES PLAN TO REWARD CONSUMERS WHO CUT POWER USE Saying he wants to reward ratepayers who conserve the most energy this summer, Gov. Gray Davis on Tuesday announced that many Californians who cut their electricity use by at least 20 percent during the hottest months will receive a one-time, 20 percent rebate off their summer bill. http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri dder/2001/03/16/krtbn/0000-0438-SA-POWER-REBATE ENBRIDGE EXPANDS IN U.S. WITH $350M TAKEOVER OF MIDCOAST ENERGY Canadian natural-gas delivery giant Enbridge Inc. is expanding in the United States with a $350-million-US acquisition of Midcoast Energy Resources Inc. of Houston. Enbridge, which will also assume $250 million in Midcoast debt, announced Friday that the companies have agreed on a friendly merger under which the Calgary company will pay $27 US per share in cash. http://199.97.97.163/IMDS%PMANAT0%read%/home/content/users/imds/feeds/canadian p_eng/2001/03/16/eng-canadianp_business/eng-canadianp_business_181232_107_5071 75088394 ALLEGHENY ENERGY COMPLETES ACQUISITION OF GLOBAL ENERGY MARKETS; TRANSFORMS COMPANY INTO LEADING NATIONAL ENERGY MERCHANT Allegheny Energy, Inc. announced today that its generation subsidiary, Allegheny Energy Supply Company, LLC, has completed its acquisition of Global Energy Markets, formerly Merrill Lynch's energy commodity marketing and trading unit. http://199.97.97.163/IMDS%PMANAT0%read%/home/content/users/imds/feeds/comtex/2 001/03/16/bw/0000-1156-md-allegheny-energy CONNECTICUT STATE AGENCY SEEN REJECTING POWER LINE TO LONG ISLAND A Connecticut state agency is expected to reject plans for a proposed 24-mile power line running from Connecticut to Long Island, the head of the agency told Dow Jones Newswires Friday. http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/ 03/16/eng-djn/eng-djn_190039_210_12336080661 CANADIAN FIRM BUYS TWO NEW YORK POWER PLANTS FROM INTERNATIONAL PAPER A Canadian company bought a pair of hydroelectric generating plants from International Paper Co. for $285 million, it was announced Tuesday. http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri dder/2001/03/16/krtbn/0000-0022-AL-POWER-PLANT OMAN SIGNS $270M ELECTRIC PRIVITIZATION DEAL WITH PSEG UNIT Oman's government Saturday signed a final agreement with Dhofar Power Co. for the privatization of the electricity power system in the Salalah region in Oman, the official Oman News Agency reported. http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/ 03/17/eng-djn/eng-djn_120048_187_650891076773 ---------------------------------------------------------------------- DOW JONES NEWSWIRES ---------------------------------------------------------------------- Access stories online at: http://199.97.97.79/IMDS|PMADJN0,PMADJN1,PMADJN2,PMADJN3,PMADJN4|index Edison Intl -2: Not Paying Would Have Accelerated Debts Edison Intl: No Bank Forbearance Yet; Deadline Passed Edison Intl: Paid $8 Mln On SoCalEd 1st Mortgage Bonds PG&E: No April 2 Payment To Be Made On Utility QUIPS Ct. Agency Seen Rejecting Proposed Pwr Line To LI -Agency PG&E/QUIPs -2: Utility Has $2.7B Cash, Holding Co $300M Sewage Released Into Miami Bay Thurs After Boat Hits Pipe AES Unit/Financing -2: Facility In New Hampshire >AES Salomon/Brazil Eletropaulo -2: Lower 2001 Earnings Seen Salomon Cuts Brazil Eletropaulo To Underperform From Buy US Weather Svc: Flooding, Drought Seen As Spring Arrives AES Corp Unit Gets $294.4M Financing For Power Facility Deal Between Rival Bidders Could Solve Cantabrico Saga CIR's Energia Plans To Bid For Eurogen; No Listing Plans OUTLOOK: Asia Pdt Mkt Bearish; OPEC To Set Direction CIR's Energia Sees 2001 Rev At ITL515B Vs ITl148B In '00 Petro-Canada/Oil Detected-2:Deploys Boom To Protect Marsh Petro-Canada Sees No Impact On Drinking Water, Wildlife 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 Enbridge Expands in U.S. with $350m Takeover of Midcoast Energy Aesp to Hold Conference Explaining How ASP's Can Help Energy-Services Providers Committee Wants Comed to Pay for Power Outages Fnm Expects No Revenues from Gas and Energy Sector Privatization in 2001 Garbage Power Coming Hallwood Energy Corporation Announces Petrie Parkman Engagement Gas-Powered Electric Plant to Supply W. Valley Homes State, Local Leaders Brainstorm Ways to Sidestep Impacts of A Summer Energy Crunch on Water Systems Locke Urges Swift Price Caps for Energy Puc Blocks Utility Layoffs -- Regulators Fear Harm to Customers Bill Paul - Power Technology Outlook White House Sticks to Power Policy Repeats: Energy Volume And Open Interest Totals-Mar 16 Management`S Discussions: 10-K405, Active Power Inc 1 of 3 Sable Offshore Energy Incorporated Is Winner of the Seventh Energy Ltd. Announces Successful 2000 Operating Pacific Gas And Electric Company Defers Preferred Securities Quarterly Payment Calpine Announces 336-Mw Colorado Energy Center Consolidated Natural Gas Company Announces Successful Consent Solicitation On Energy Moves to Woo Customers Wtc Industries, Inc. Revenues Increasing Due to General Electric Appliance Shipments Energy Update/Los Angeles Department of Water And Power Issues Daily Energy Update for Friday, March 16 Allegheny Energy Completes Acquisition of Global Energy Markets; Transforms Company Into Leading National Energy Merchant More Natural Gas Rate Hikes Due Around New Jersey ; Wintertime Grace Period for Utility Customers Ends Mechanical Failure Causes Power Outages Avista Asked to Pay Users to Conserve Utility Now Rewarding Industry for Saving Energy Mirant Plans Power Plant in Central Wisconsin Spl Worldgroup Appoints J. Guerry Waters to Key Strategy Role; Energy Industry Thought Leader to Head Global Marketing & Strategy US NWS Long Range: West US Energy Crisis May Resume in Summer ... Enron Has An Established Retail Business Via Enron Energy Services, Reports Analyst in Interview with The Wall Street TranscriptWilliam D. Hyler Is A Managing Director And A Senior Analyst at Cibc World Markets Corp. CEO Highlights Duke Energy's Strongest Market Overseas in Interview with The Wall Street TranscriptJames M. Donnell Is President And CEO of Duke Energy Corporation Aes Granite Ridge Project Secures Financing; Construction of 720 Mw Gas-Fired Power Facility in New Hampshire Continues on Schedule Us: Two Simple-Cycle Power Plants Proposed for California Bill Would Halt Move to Deregulate Power in Nevada California Blackouts Seem 'Inevitable' State Officials Say Energy Chief's Forecast May Be Overly Bleak Full: Canada's Enbridge to Buy Midcoast Energy for $27 Shr in Cash Editorial Pay the Piper Mayor Offers Interesting Plan to Increase Power Supply Lakehead Pipe Line Partners Affiliate to Acquire Midcoast Energy Energy Chief Rejects Price Caps Despite West's Concern Southward Energy Ltd - 2000 Year End Financial And Operating Results Proposals Toughen Utility Regs ---------------------------------------------------------------------- I N T E R N A T I O N A L ---------------------------------------------------------------------- Access stories online at: http://www.powermarketers.com/pma-intr.htm New Power Plant Project under Analysis - Argentina Greenpeace Lobbies Austrian Power Producers To End Imports from Temelin Russia, Iran To Continue Cooperation in Peaceful Uses of Atomic Energy Macedonia Interested in Supplies of Russian Energy Resources Ecuador: Government Settles Debts of Electric Power Distributors Armenian Official Upbeat About Armenia-Greece-Iran Energy Cooperation Top Energy Summaries - Friday, March 16, 2001 - 12:52 PM GE Aircraft Engines Selected to Power New Cargolifter Airship Top Energy Summaries - Friday, March 16, 2001 - 9:23 Am Croatian Electricity Utility Fails to Collect Bills, Posts Loss Uk: Rjb to Supply Coal to British Energy China to Build Large Coal Mine Mongolia Drops Hydroelectric Power Plant Project Over Environmental Concerns Daw Mill Owner Scoops Five-Year Deal to Fuel Power Station Revisions to Philippines Power Bill May Discourage Investors Korea Power Exchange to Open April 2 Tohoku Electric Power to Halt LNG Imports from Indonesia RPT: STOCKWATCH: Huaneng Power sharply higher on acquisition plan STOCKWATCH: Huaneng Power sharply higher on acquisition plan Industry Power Demand for Feb. Sees 1st Fall Since July 1999 ---------------------------------------------------------------------- KRT DAILY ENERGY NEWS ---------------------------------------------------------------------- Access stories online at http://www.powermarketers.com/pma-krt.htm Tacoma, Wash., Residents Given Orders to Conserve Electricity Utah Power Companies Find Energy in High Demand by California California Universities Sue Texas-Based Utility to Keep Energy Deal California Utilities May Face Probe Over Shifting of Funds to Parent Companies California Analyst Says State's Efforts Will Prevent Summer Blackouts Federal Regulators Threaten to Order Refunds by Power Generators California Governor Announces Plan to Reward Consumers Who Cut Power Use U.S. Senate Considers Barring Utilities from Bankruptcy Protection York County, S.C., Electricity Cooperative Celebrates 60 Years of Operation Salmon Protection Second to Power Production, Oregon Power Administration Says New Jersey Vendor to Build Nuclear Fuel Storage Tank for Oregon Utility Enron Expects Lamar, Colo., Wind Farm to Be Operational by 2002 The Orlando Sentinel, Fla., Home Energy Column Los Angeles Looks to Buy More Power from Salt Lake City New Jersey's Low-Income Families Brace for End of Utility Amnesty Houston-Based Reliant Energy Seeks Another Electricity Rate Increase Massachusetts to Give $47 Million in Grants, Loans for Clean Energy Sources Possible Power Deregulation Hits An Outage in Florida Legislature Springfield, Ore., Utility Looks to Acquire Diesel Generators Oregon Utility Commission Issues Report on Domestic, International Travel New Solar Power Generator Small Enough to Fit in Backpack Regulators Block California Utilities' Layoff Plans California Governor Offers Incentives to Residents Who Conserve Electricity Tulsa, Okla.-Based Firm Says It Can Boost Natural Gas Capacity in Pipeline Canadian Firm Buys Two New York Power Plants from International Paper ---------------------------------------------------------------------- REUTERS ---------------------------------------------------------------------- Access stories online at: http://news.powermarketers.com/news/articles/ElectricPower.html 03-18-01 Deal breakup adds Con Edison, Northeast to merger shoot-out 03-18-01 UPDATE 3-Amtrak derailment kills one in Iowa 03-18-01 FEATURE-King coal saves U.S. railroads from downturn 03-18-01 Bush economist says CO2 caps could cause blackouts 03-18-01 UPDATE 1-UK's United Utilities mulls break up-paper 03-18-01 California's Davis defies political risk with calm ********************************************************* 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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