Message-ID: <28665894.1075841866305.JavaMail.evans@thyme> Date: Wed, 2 May 2001 06:51:00 -0700 (PDT) From: pmadpr@worldnet.att.net Subject: PowerMarketers.com Daily Power Report for 2 May 2001 Mime-Version: 1.0 Content-Type: text/plain; charset=ANSI_X3.4-1968 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\Notes inbox X-Origin: SYMES-K X-FileName: kate symes 6-27-02.nsf The PowerMarketers.com POWER REPORT The PowerMarketers.com POWER REPORT Today's Energy Headlines From PowerMarketers.com The Industry's Preferred Source For Breaking Energy News And Information http://www.powermarketers.com "The PowerMarketers.com Power Report is in html format. ?For those who can't read html, you can still get the text version (or both text and html for that matter). Just go to: http://www.retailenergy.com/headsel.htm" 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 ------Advertisement------ Now Available: ?RDI/FT's 40" x 70" North American System Maps Electric Power System Map and Natural Gas System Map The industry standard maps. An essential reference. Both maps available in wall size (40" x 70") or Executive sets $495 each. $100 discount when ordering both gas and electric maps. Download brochure at: http://www.pmaconference.com/powermaps.pdf ? ------Advertisement------ PA Consulting Group's Energy Risk Management Training - Houston, TX Competitive Energy Markets June 11-29, 2001 NYMEX/PJM/Trading Floors Field Trip (Optional) July 2-6, 2001 Fundamentals of Risk and Portfolio Management July 9-27, 2001 Download brochure at: http://www.paconsulting.com/energytrain ------Advertisement------ University of Missouri Seeks To Buy/Sell Power -- Buy approx 50,000 MWH interruptible non-summer --Sell up to 15 MW from surpluses -- Deadline May 4 Download RFP at: http://www.pmaconference.com/MURFP.pdf ?TOP STORIES CALIFORNIA LAWMAKERS SEEK TO REDUCE NATURAL GAS PRICES California lawmakers on Monday introduced measures intended to lower the price of natural gas, which is 10 times higher than in other states of the U.S. CALIFORNIA UTILITY COMPANIES OFFER INCENTIVES TO TRIM ELECTRICITY USAGE Private utilities, public utilities and even the manager of the state's power grid are waving millions of dollars in incentives in front of California businesses to induce them to slash their electric loads in a pinch this summer. FEDS WANT SURCHARGE TO PAY UTILITIES' DEBTS/THE PLAN: ADDITIONAL RATE BOOST LIKELY, CASH WOULD GO TO POWER SUPPLIERS Federal energy regulators have proposed a surcharge on wholesale electricity sales in California to compensate generating companies, angering state officials who say the idea amounts to gouging consumers. RESURGING COAL MARKET SPURS RENEWED DEVELOPMENT PROJECTS Despite the fact that it currently produces more than half the electricity in the U.S., over the past two decades coal has remained a slumbering energy giant in terms of new capacity. CONSTRUCTION TO BEGIN ON WATER INTAKE SYSTEM FOR FUTURE POWER PLANT OF SOUTH HAVEN CONSUMERS PG&E Corporation's National Energy Group announced plans today to build a water intake system for its proposed Covert Generation Project, a 1,000-megawatt power station to be located near the City of South Haven, Mich. EnergyJobs Weekly (current issue) can be downloaded at: ?? http://www.pmaconference.com/EnergyJobs.pdf Merchant Power Monthly (current issue) can be downloaded at: ? http://www.pmaconference.com/mpm.pdf Dow Jones News, Preferred by the Pros DOW JONES NEWSWIRES- Access stories online at: http://199.97.97.79/IMDS|PMADJN0,PMADJN1,PMADJN2,PMADJN3,PMADJN4|index CORRECT:Idaho Power Indus Class Rates To Rise 42%,Not 28% CORRECT: Peoples Gas Light & Coke Aa2 Sr Sec On Review PRESS RELEASE: Peoples Energy, Units On Moody's Review-Dn North Shore Gas Aa2 Sr Sec On Moody's Review-Down DJ: Peoples Gas Light & Coke Aa2 Sr Sec On Review Peoples Energy A2 Sr Unsec On Moody's Review-Downgrade PRESS RELEASE: Portland General Elec Put On S&P Watch-Dev Portland General Electric Put On S&P Watch-Developing Kansas City Power/Chmn -2: Replaces Jennings, Who Retires PRESS RELEASE: Exelon Generation Rated A- By S&P Stable Kansas City Power Names Bernard Beaudoin Chmn >KLT REPEAT:US Midwest Pwr Prices Slide On Lower Temps, Demand Exelon Eyes Nov Board Decision On New Nuclear Plants>EXC Deutsche Telekom, VoiceStream Deal Clears US Govt Review US Midwest Power Prices Slide On Lower Temps, Demand DTE Energy/Fincl Chief -2: Meador To Replace Garberding DTE Energy Names David Meador Financial Chief >DTE Orion Power Earnings -3: Street 2Q View Net 19c/Shr >ORN US Northeast Pwr Prices Soar On Hot Weather, Heavy Loads Montana Power Earnings -2: 1Q Fincl Table, Comment >MTP REPEAT&CORRECT: Scottish Pwr FY Income Seen Down On US N.J. Water Main Break Disprupts Service, Disrupts Schools NRC:FP&L 839-MW St Lucie 1 Holds At 30% Pwr For Tests PRESS RELEASE: Exelon Generating Rated A- By S&P Stable Exelon Generating Rated A- By S&P Outlook Stable Orion Power Earnings -2: 1Q Financial Table >ORN Orion Power Sees 3Q Net At 65c-67c/Diluted Shr >ORN Orion Power Sees 2Q Net At 17c-19c/Diluted Shr >ORN Orion Power On Track For $1.15/Diluted Shr Year Net Views Orion Power Hldgs 1Q Net 15c/Diluted Shr Vs 22c >ORN Scottish Pwr FY Income Seen Down On US US Weather: Thunderstorms In Midwest; Snow In West Montana Power 1Q Net 58c A Shr Vs 29c >MTP Powergen/Trading Update -2: E.On Deal Good For Holders Powergen: Well Placed For Growth In The UK And US >PWG Powergen Performing In Line With Expectations This Year PRESS RELEASE:Swift Energy In 10-Yr Gas Pact With NZ Co. ?NATIONAL - Access stories online at: http://www.powermarketers.com/pma-nat.htm Dems Oppose Calif. Energy Plan Solectria Selects Maxwell Technologies' Ultracapacitors to Enhance Energy Storage And Power Delivery in Hybrid Electric VehiclesStrategic Development And Supply Agreement Initially Targets Drive Systems for Buses And Trucks Praises Sung for New Power Plant ; Coal-Fired Facility Is First Allowed in 20 Years Peabody Energy Corp (P&L Coal Holdings Corp) Increased Its Price from $18-$22 to $22-$24 And Decreased Its Number of Shares from 20,000,000 to 15,000,000. Wisconsin Electric: Doing Its Part to Mitigate Mercury; Utility Urges Public to Be Informed on The Issue United American Energy Corp. Increases Interest in American Ref-Fuel Company to 50%Fox Paine Increases Interest in Uae to 58% in Connection with American Ref-Fuel Transaction Resurging Coal Market Spurs Renewed Development Projects Compressed Air Energy Storage Adapts Proven Technology to Address Market Opportunities Preventing Lightning Strikes Saves Power Plant $100,000/Year Specialty Chemicals Attempt to Weather Fourth Energy Crisis Duke Energy Field Services Affiliate to Acquire Propane Wholesaler in Northeast Top Energy Summaries - Tuesday, May 01, 2001 - 2:08 PM Natural Gas Usage And Rates Expected to Drop in May $4.5 Mil. Renewable Energy Initiative Launched in Minneapolis; 'Wind on The Wires' Will Boost Economic Development in Rural Minnesota'Wind on The Wires' Will Help Build The 'Road to Market' for Wind Energy, A New Cash Crop Capacity Controls Can Save Energy--And Money Some Californians Miss Closed Nuclear Power Plant Natural Gas Injection AIDS Combustion of Low-Value Fuels Solectria Selects Maxwell Technologies' Ultracapacitors to Enhance Energy Storage And Power Delivery in Hybrid Electric Vehicles Vp Warns of Energy Crisis, Previews Changes Usource And Cbia Service Corp. Offer Energy Solutions Calif. Power Supplier Settles Suit The Washington Post: Bush Energy Plan Will Emphasize Production California Lawmakers Seek to Reduce Natural Gas Prices United American Energy Corp. Increases Interest in American Ref-Fuel Company to 50% Enerwise Global Technologies Formed to Provide Energy Intelligence Solutions for CorporationsCompany Provides Information on Consistency, Quality And Use of Energy Duke Energy Corp - Duke Energy Gas Announces Open Season for New Natural Gas Supply - And Transportation Option for Alabama And Georgia $4.5 Mil. Renewable Energy Initiative Launched in Minneapolis; 'Wind on The Wires' Will Boost Economic Development in Rural Minnesota Great River Energy's Pleasant Valley Station Officially Begins Operation Wind Becomes Increasingly Cost Competitive Construction to Begin on Water Intake System for Future Power Plant And City of South Haven Consumers Duke Energy Gas Transmission Announces Open Season for New Natural Gas Supply And Transportation Option for Alabama And Georgia Utilities Claim Ample Power at Steady Prices This Summer Electric Fuel Announces Electric Bus Test Drive Program to Commence in May; First Test Drives in New York, Followed by on-Road Drives in Nevada Synergy Technologies Corp - Fuel Cell Update National Water & Power to Present at California Venture Forum High-Point Rendel And Sure Power Corporation Select Autotask for Project Collaboration on Next-Generation Power SystemsProject to Bridge International Boundaries And Speed Development Cycles Energy Company Chancellor Group, Inc. Announces Initial $100,000 Equity Funding from Saudi Arabian Investor Urs Announces New Contracts with Potential Revenues of $225 Million; Wins Major Energy, Transportation, And Water Resources Projects Legislators Propose Tax on Energy Profits $18 Billion Power Tab Projected: An Immediate Outcry Greets Davis' Plan for State Energy Purchases Through June 2002. Power Utility Information Database Surpasses 2,800 Worldwide Sites for Industry Personnel El Paso Announces Pipeline Expansion Project to Supply Natural Gas to The Southeast Markets Warning of A Summer Power 'Armageddon' / Davis Aide Paints Dire Scenario in Push for Bonds to Buy Power Feds Want Surcharge to Pay Utilities' Debts / the Plan: Additional Rate Boost Likely, Cash Would Go to Power Suppliers Second Try for Tax Cut in Oakland / Smaller Utility Levy Likely After Brown Veto Plugging Into Power Trains Using Locomotives to Generate Electricity? He Thinks His Device Is on The Right Track Cambridge Energy Corporation Announces Implementation of Hedging Program Cheney Pushes for Energy Development Scottishpower in Talks to Buy Portland Utility Trinity Energy Resources Inc - Closes First Phase of $1,002,000 Acquisition Atco Group of Companies - Moves to Boost Retail Energy Competition ?INTERNATIONAL - Access stories online at: http://www.powermarketers.com/pma-intr.htm Trader M'bishi Expands Power Retail Biz to Chubu Region Swift Energy Announces 10-Year Gas Contract in New Zealand Talisman Energy Must Do More to Protect Human Rights Sixth Power Unit of Zaporizhia Npp Taken Off Stream for Overhaul Mexico: Cfe Looks to Import Natural Gas Experts: Refineries Key to Power Crisis Spire Corporation Ships Automated Module Assembly Equipment to Siemens Solar Top Energy Summaries - Tuesday, May 01, 2001 - 12:24 PM Cambridge Energy Corp - Implementation of Hedging Program Top Energy Summaries - Tuesday, May 01, 2001 - 9:24 Am UK Government: Advance Energy Statistics Turkmen and Ukrainian presidents plan to sign gas energy deal: report Top Energy Summaries - Tuesday, May 01, 2001 - 7:36 Am Open Cut Coal Mine Approved for Australia's Hunter Valley Points of View: More Needs Done on Energy Costs 348-million-dollar loan to be signed for Omani power project Germany's Tesag Interested in Building Power Plant in Indonesia Egco Set to Sell 70% Stake in Indonesian Coal Mine Lawyers to Appear Before Icsid on Power Tariff Dispute ?KRT - Access stories online at: http://www.powermarketers.com/pma-krt.htm ? Former Tennessee Energy Agency Official Criticizes Bush Energy Plan Price-Gouging Charge Enrages Oregon-Based Federal Power Marketer California Utility Companies Offer Incentives to Trim Electricity Usage The Press-Enterprise, Riverside, Calif., Andy Mccue Column Philadelphia-Owned Natural Gas Provider Plans to Lower Rates Power Plant Provided Big, But Brief, Economic Boom for Virginia County Power Plant Provided Big, Brief Boom for Halifax County, VA. Norfolk, VA.-Based Utility Accused of Poor Service Daily Press, Newport News, VA., Business Briefs Column Spinoff of Houston-Based Energy Firm to Begin Trading on Stock Exchange Bush Energy Budget Boosts Fossil Fuels, Cuts Renewables Power Transmission Company Will Operate in York County, S.C. Power Grid Company Picks Fort Mill, S.C., for Headquarters Missouri Senator Intervenes in Nuclear Waste Rift Error Leaves Martinez, Calif., Woman with $9,700 in Natural Gas Bills Syracuse, N.Y.-Based Power Company Proposes Rate Hike If Merger Falters Stock in New York-Based Plug Power Rises Despite Losses ?REUTERS - Access stories online at: http://news.powermarketers.com/news/articles/ElectricPower.html ONEOK earnings up 39 pct, boosted by acquisitions Enron says no plans to sell Dabhol stake California enlists pool owners in power struggle Fortis earnings up despite New Brunswick outage Peabody Energy lowers IPO shares, raises price range SoCal Edison makes payments,still fears bankruptcy Idaho Power electricity rate hike approved UPDATE 1-Democrats blast FERC, bill on Calif. power FERC commissioners spar over Calif. order U.S. commercial paper issuers to come under increased scrutiny Democrats blast FERC, bill on Calif. power woes UPDATE 2-Emerson Electric net earnings rise slightly Newmont gets temporary relief from rising power costs UPDATE 1-Orion Power income jumps, but stock slips TEXT-S&P revises Portland General Electric outlook UPDATE 4-Brit Energy shares dip on Scot nuclear price spat TEXT-S&P cuts ISG Resources' senior secured debt Trinidad LNG reaps rewards of U.S. gas shortfall Kansas City Power names Bernard Beaudoin chairman UPDATE 1-Montana Power net earnings up 98 pct DTE names Meador to succeed Garberding as CFO DQE shares hit 6-year low after earnings report N.M. San Juan 498-MW Unit 4 returns to service TEXT-S&P rates Exelon Generating Co. A-minus Reliant Resources jumps in debut Dutch utility EPON changes name to Electrabel Orion Power 1st qtr net rises 82 percent UPDATE 1-Emerson Electric net earnings rise slightly TABLE-Wisconsin Energy Q1 oper revs rise TABLE-Montana Power Q1 results Wisconsin Energy Q1 rises, aided by cold weather HEADLINE STOCKS - U.S. stocks to watch on May 1 Powergen sees accelerated growth from E.ON merger UtiliCorp Q1 profits rise on energy sales INTERVIEW-Sinha says Enron India row overdone-RPT Mining firms lobbying task force to ease clean-air rules - WSJ Indian state to renegotiate Enron project-paper Enron buys Huntco's steel ops, makes supply deal NEW on the PowerMarketers.com TRAINING PAGE: Access all online presentations at: http://www.pmaconference.com The presentations below are from PMA's Power Markets 2001, taped at the Aladdin Hotel, Las Vegas, March 15-16, 2001. RealVideo-based powerpoint-based presentations, with the accompanying audio. Running about 30 minutes each, selections include: California: What's In Store Randy Abernathy, California ISO http://pmaconference.com:8080/ramgen/2california.rm Texas: The BIG Retail Market John O'Brien, Skipping Stone http://pmaconference.com:8080/ramgen/2texas.rm Weather: The Everyday Crisis Lynda Clemmons, Element Re http://pmaconference.com:8080/ramgen/2weather.rm The Risk of Managing Risk Robert Jacobs, Derigen Consulting http://pmaconference.com:8080/ramgen/2volatility.rm Making the Most of Transmission Bill Townsend, Friedwire http://pmaconference.com:8080/ramgen/2transmission.rm Realtime Pricing Solutions Tony Banks, Optiron http://pmaconference.com:8080/ramgen/2rtp.rm Don't forget you can choose to stream the presentation immediately over the web, or download it to your computer for later viewing-- Free! Access all online presentations in streaming or downloadable format at: http://www.pmaconference.com Access all online presentations at: http://www.pmaconference.com The PowerMarketers.com ENERGYYELLOWPAGES http://www.energyyellowpages.net Where to go when you're looking for: Billing Systems, Brokers, Call Centers, Coal Marketers, Computers & Networks, Conference Houses, Energy Management, Engineering Services, Environmental Services, Exchanges & Clearing Houses, Executive Search Services, Financial Services, Gas Marketers, Information Services, Internet Services, Legal Services, Management Consulting , Marketing, Meters, Power Marketers, Powerplant Development, Powerplant Equipment, Risk Management, Sales, Software, Trade Associations, Training, Weather Services and more! 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