Message-ID: <13806777.1075848103245.JavaMail.evans@thyme> Date: Mon, 9 Oct 2000 03:24:00 -0700 (PDT) From: miyung.buster@enron.com To: filuntz@aol.com, liz@luntz.com, nicholas.o'day@enron.com, mike.dahlke@enron.com, jennifer.rudolph@enron.com Subject: Utilities, Electric: Deregulation: Byers fines will boost renewable energy Cc: steven.kean@enron.com Mime-Version: 1.0 Content-Type: text/plain; charset=ANSI_X3.4-1968 Content-Transfer-Encoding: 7bit Bcc: steven.kean@enron.com X-From: Miyung Buster X-To: Joe Hartsoe@ENRON, Sandra McCubbin@EES, Susan Mara@EES, Paul Kaufman@ECT, Karen Denne@ENRON, Jeff Dasovich@EES, Mark Palmer@ENRON, James D Steffes@EES, Richard Shapiro@EES, Elizabeth Linnell@EES, Jeannie Mandelker@ECT, filuntz@aol.com, Mark Schroeder@ECT, Peter Styles@ECT, Liz@luntz.com, Mona L Petrochko@EES, Peggy Mahoney@EES, Nicholas O'Day, Mike Dahlke, Rob Bradley@ENRON, Shelley Corman@ENRON, Jennifer Rudolph X-cc: Steven J Kean X-bcc: X-Folder: \Steven_Kean_June2001_4\Notes Folders\Discussion threads X-Origin: KEAN-S X-FileName: skean.nsf ----- Forwarded by Miyung Buster/ENRON_DEVELOPMENT on 10/09/2000 10:23 AM ----- djcustomclips@djinteractive.com 10/05/2000 08:12 PM Please respond to nobody To: 86464@WCTOPICS.djnr.com cc: Subject: Utilities, Electric: Deregulation: Byers fines will boost renewable energy Byers fines will boost renewable energy TERRY MACALISTER AND PAUL BROWN ? 10/05/2000 The Guardian Copyright (C) 2000 The Guardian; Source: World Reporter (TM) Electricity companies will face hefty fines for failing to meet environmental targets under proposals to be outlined today by the industry secretary, Stephen Byers. He will delight the green lobby by ruling out waste incineration from his definition of "renewables" and by putting the emphasis on new forms of energy such as wind power. An early consultation docu ment suggested a "buyout" fee of 2p per kilowatt-hour for those who failed to buy 5% of their supplies from renewable sources by 2003 and 10% by 2010. Well-placed sources say Mr Byers has privately accepted the need to charge a "buyout" fee of 3p per kilowatt hour, which will anger the electricity companies but please the renewable industry. "We anticipate this will kickstart our sector, lead to over pounds 5bn worth of capital investment and create thousands of jobs," said one executive from a renewable energy company. Big companies such as National Wind Power, a division of Innogy (formerly National Power) and PowerGen Renewables will be among the beneficiaries. Stephen Tindale, chief policy adviser to Greenpeace UK, said dropping incineration would put the government "back on the right trajectory after a series of disappointments". But the green lobby admits that further financial help might be needed and say electricity companies will pass on some of their extra costs to consumers. The Department of Environment has had a target of 10% of electricity from renewables by 2010 for more than two years as part of the government's manifesto pledge to reduce carbon dioxide emissions by 20% by the same date. But deregulation has forced the price of electricity down, helping gas-fired power stations but penalising the less competitive renewable sector. Folder Name: Utilities, Electric: Deregulation Relevance Score on Scale of 100: 95 ______________________________________________________________________ To review or revise your folder, visit Dow Jones CustomClips or contact Dow Jones Customer Service by e-mail at custom.news@bis.dowjones.com or by phone at 800-369-7466. (Outside the U.S. and Canada, call 609-452-1511 or contact your local sales representative.) ______________________________________________________________________ Copyright (c) 2000 Dow Jones &Company, Inc. All Rights Reserved