Message-ID: <3000916.1075854995265.JavaMail.evans@thyme> Date: Fri, 31 Aug 2001 08:57:54 -0700 (PDT) From: lorna.brennan@enron.com To: glen.hass@enron.com, steven.harris@enron.com, lindy.donoho@enron.com, pallavi.goradia@enron.com, lorraine.lindberg@enron.com, tk.lohman@enron.com, michelle.lokay@enron.com, jan.moore@enron.com, kimberly.watson@enron.com, lee.huber@enron.com, tony.pryor@enron.com Subject: FW: Western Energy Markets: New Power Plants Soothe the Market - CERA Monthly Briefing Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Brennan, Lorna X-To: Hass, Glen , Harris, Steven , Donoho, Lindy , Goradia, Pallavi , Lindberg, Lorraine , Lohman, TK , Lokay, Michelle , Moore, Jan , Watson, Kimberly , Huber, Lee , Pryor, Tony X-cc: X-bcc: X-Folder: \MLOKAY (Non-Privileged)\Articles X-Origin: Lokay-M X-FileName: MLOKAY (Non-Privileged).pst -----Original Message----- From: webmaster@cera.com [mailto:webmaster@cera.com] Sent: Thursday, August 30, 2001 3:17 PM To: clients@cera.com Subject: Western Energy Markets: New Power Plants Soothe the Market - CERA Monthly Briefing Title: The Supply Response URL(s): http://www20.cera.com/eprofile?u=35&m=2641; *********************************************************************** WESTERN ENERGY MARKETS: NEW POWER PLANTS SOOTHE THE MARKET Roughly 5,000 MW of new generating capacity in 2001 has helped dampen price pressures and stem reliability concerns in California and the West. New plant plus significantly reduced summer demand through conservation has put the West's capacity margin at 15 percent, but regional balances vary widely. Power demand declines have also completely relieved the West Coast gas supply shortfall. Despite low hydroelectric output, gas demand for power generation in the West is actually down from last year. * Energy conservation in response to the retail price increase, cool weather, and the slowing economy is the strongest fundamental driver in California. * New power supplies have arrived, but grid operators cannot count on full nameplate capacity within the first few months of a new plant's start date. * Pacific Northwest hydroelectric resources remain critically low despite low demand, raising the specter of reliability problems this winter. **end** Follow above URL for complete Monthly Briefing (9 printed pages). E-mail Category: Monthly Briefing CERA Knowledge Area(s): Western Energy *********************************************************************** *********************************************************************** CERA's Autumn 2001 Roundtable event dates and agendas are now available at http://www20.cera.com/event *********************************************************************** To make changes to your cera.com profile go to: http://www20.cera.com/client/updateaccount Forgot your username and password? Go to: http://www20.cera.com/client/forgot This electronic message and attachments, if any, contain information from Cambridge Energy Research Associates, Inc. (CERA) which is confidential and may be privileged. Unauthorized disclosure, copying, distribution or use of the contents of this message or any attachments, in whole or in part, is strictly prohibited. Terms of Use: http://www20.cera.com/tos Questions/Comments: webmaster@cera.com Copyright 2001. Cambridge Energy Research Associates