Message-ID: <18417789.1075841872507.JavaMail.evans@thyme> Date: Mon, 2 Apr 2001 18:02:00 -0700 (PDT) From: pmadpr@worldnet.att.net Subject: PowerMarketers.com Daily Power Report for 3 April 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 ANNOUNCING: DAILY POWER REPORT GOES HTML! "Starting on Monday, April 9, the PowerMarketers.com Daily Power Report will be sent to you in HTML Format. This means you will be able to click on the headlines and go straight to the stories! Many of you have been clamoring for this for a long time-- it's coming!!! But 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 Thanks for reading" ====================================================================== 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 *The Best Available Introduction to Project Finance for Developers, Lenders and Other Project Participants * Voted Best in Its Field by Over 2500 Attendees * Fully Updated for Today's Merchant Power Environment! and PROJECT STRUCTURING IN THE REAL WORLD: ADVANCED SEMINAR April 26-27 NY NY * Recognize and Surmount the Deal-Breakers in Project Financings * Designed for the Active Market Participant * Gain Insights from Nationally Recognized Financiers: Richard D. Grant & Robert O. Gurman EARLY BIRD DISCOUNT EXTENDED UNTIL MARCH 30! REGISTER NOW! Download the conference brochure at: http://www.pmaconference.com/pfweek.pdf ************************************************************************ NEW!!! ENERGY JOBS WEEKLY New from PowerMarketers.com, a newsletter in pdf format which includes all the new job postings on the PowerMarketers.com for the past week, updated every weekend. Download it, print it, archive it, FREE. For the current issue of ENERGY JOBS WEEKLY, download at: http://www.pmaconference.com/040101EnergyJobs.pdf ************************************************************************ --------------------T O P S T O R I E S-------------------- Top Stories (April 2) CALIFORNIA ENERGY REACHES CRISIS STAGE PG&E announced late last week that it would take a $4.1bn charge as a result of the losses sustained, during the deregulation process. In addition, Southern California Energy indicated that it is considering its own $2.7bn charge. http://199.97.97.163/IMDS%PMANAT0%read%/home/content/users/imds/feeds/streetad visor/2001/04/02/eng-streetadvisor/eng-streetadvisor_162830_154_028687712271 ENTERGY CEO -3: COMPANY WILL CONSIDER OTHER MERGER DEAL Officials of FPL Group, Juno, Fla., couldn't immediately be reached for comment regarding Entergy CEO Leonard's assertions on the reasons for the merger breakup. http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/ 04/02/eng-djn/eng-djn_170049_143_683119770139 COURT STAYS INCREASED INSTALLED CAPACITY PENALTY FOR NEW ENGLAND A federal court issued a stay preventing an $8.75-per-kilowatt-month installed capacity penalty charge from taking effect in New England on April 1, as ordered by federal regulators. http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/ 04/02/eng-djn/eng-djn_180051_171_081988101359 EDISON MISSION PAYS STEEP PRICE TO OVERCOME CALIFORNIA FEARS Edison Mission Energy sold $600 million in debt Monday, overcoming substantial concerns about the company's exposure to the troubled California utility market. http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/ 04/02/eng-djn/eng-djn_200102_53_2479976583272 ---------------------------------------------------------------------- DOW JONES NEWSWIRES ---------------------------------------------------------------------- Access stories online at: http://199.97.97.79/IMDS|PMADJN0,PMADJN1,PMADJN2,PMADJN3,PMADJN4|index USEC Unit To Cut 526 Employees At Portsmouth Plant >USU USEC Unit To Cut Jobs At Portsmouth Plant >USU Edison Mission Pays Steep Price To Overcome Calif. Fears Court Stays Increased Installed Capacity Penalty For NE Entergy CEO -4: FPL Disputes Entergy's Comments >ETR PRESS RELEASE: S&P Puts Rochester Gas & Elec On Watch Neg Venezuela Telecom Watchdog/LMDS-2:No New Date Yet Set Rochester Gas & Elec First Mortgage Bonds Rated A- :S&P Entergy CEO -3: Co Will Consider Other Merger Deals>ETR Venezuela's Telecom Panel Postpones LMDS License Auction Entergy CEO-2: Says Co's Board Rejected His Resignation With Merger Dead, FPL Group, Entergy Point Fingers >FPL Entergy CEO Says FPL Chairman Wanted Him Fired Entergy CEO Says FPL Chmn 'Manufactured' Problem Issues FPL Group/Entergy -8: FPL Declines To Elaborate On Talks Entergy Outlook Consistent With 8%-10% Growth >ETR FPL Group/Entergy -6: Entergy Cites Nonregulated Ops >ETR FPL Group/Entergy-5:FPL Fri Stk Close $61.30, Entergy $38 Entergy: Terms Would Leave It With No Merger Of Equals FPL Group/Entergy -3: Street Sees FPL '01 Net $4.70/Shr REPEAT: Entergy Cites Governance, Valuation Issues >ETR Entergy Sees 2002 Net $3.30-$3.50 A Share >ETR FPL Group/Entergy -4: Other Energy Deals Had Troubles FPL Group/Entergy -2: Issues Had Arisen In March >FPL ETR FPL Grp, Entergy Cancel Merger Worth $7B Stk, $6.9B Debt PRESS RELEASE:S&P Changes Seeboard Outlk To Pos Vs Stable Seeboard, CSW Ratings Affirmed BBB+/A2: S&P CSW Investments Outlook Revised To Pos Vs Stable: S&P Seeboard PLC Outlook Revised To Positive Vs Stable: S&P Cantabrico/CNMV -2: Not Linked To Any Bid Decision >E.HIC Cantabrico Shares To Resume Trade At 0915 GMT >E.HIC CNMV/Cantabrico -2: Follows Ferroatlantica, EnBW Offer CNMV Suspends Trade In Cantabrico Shares >E.HIC WSJE: Mirant, HEW Plan To Buy E.On Stake In Bewag Utility 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 Chesapeake Energy Corporation Announces Updated 2001-2002 Forecasts And Revised 2001-2002 Gas Hedging Program Enron Power Project And Illegality Los Angeles Department of Water And Power Daily Energy Update, Monday, April 2, 2001 Gasco Energy, Inc. Completes the Acquisition of Pannonian Energy, Inc. Swift Energy Announces $30.5 Million Acquisition Devon Energy Apparent Winner on 18 Blocks in Gulf of Mexico Lease Sale Advisory/the 16th Annual Global Power Markets Conference Presented by Platts Advisory/Energy Producers' Power Update Guernsey Estimates Natural Gas Draw Down 41 - 48 Bcf -Oklahoma House to Vote on Delaying Electric Deregulation Solar Energy Ltd. Announces That Registration Statement Is Effective And Cleared; Future Plans Discussed Innovative Business Solutions -Ibs- Changes Name to Energy Softworx Gulfport Energy Corporation Announces Record Financial Results for 2000 The Washington Post: Editorial: Politics And Power Cuts Borsen: Energy Solutions in the Red(Underskud I Energy Solutions) California Energy Reaches Crisis Stage Con Edison to Participate in Salomon Smith Barney Energy Webcast Forum Apogee Interactive's Demand Exchange Approved by California Energy Commission; Soon to Aid California Power Supply Repeats: Energy Volume And Open Interest Totals-APR 2 Greenvolt Power Corp - to Present at Fuel Cell Conference in San Antonio; Commercial Fuel - Cell Deriving Electrical Energy from Metal, Water, Salt & Air to Be - Demonstrated New Utility Tax Structure Taking Shape Constellation Energy's `Pure Play' Strategy to Highlight Wednesday Conference Webcast Stage Two Electrical Emergency Triggered by Downed Transmission Towers And Supply Shortage; California ISO Strongly Urges Conservation Reliant Energy Chooses Market Leader Gisbagent(R) for Electronic Commerce in Texas Energy Market SCC Establishes Phase in of Electric Choice for Most Virginia Consumers Husky Energy And Chevron Corporation Sign Lubricants Supply Agreement Connext(R) Commemorates Its Fifth Year As a Premier Provider of Utility Billing And Customer Care Solutions Plant Foes Power Up Southwest Michigan Residents Organizing Caterpillar Offers Solutions to Critical Energy Situations Manugistics Seeing Accelerating Demand for Its Chemical And Energy Industry Solutions First American Sells 2 Kds Micronex(TM) Systems to A Fraser Valley Waste Management Consortium to Convert Chicken Waste Into Energy for HeatingGreenhouses@Luminant Sharpens Focus on Technology-Enabled Solutions for Energy And Utilities Industry Fpl Group Chairman Says Outlook for Company Remains Bright; Announces New Fpl Energy Projects Totaling More Than 2,500 Mws Enron Announces Long-Term Energy Management Agreement with Saks Incorporated Wsi Seasonal Update Calls for Spring And Early Summer to Blow Hot And Cold; Wsi Issues An Update of Special Interest to Energy Traders Plant Foes Power Up Fabius, Newberg Township Residents Organizing Energy Crisis Could Black Out Web Hosting Industry Growth, Says Frost & Sullivan Report: Calif. May Hike Power Rates Delaney Energy Services Corp: Integrated Production Services Ltd - Delaney Mails Directors' Circular Rejecting IPS Offer And Extends - Separation Time Cities Find Ways to Save Power GE Power Systems Acquires Programma Electric Ab Search to Reorganize Into Advantage Energy Income Fund Natural Gas Supply Shortage Utahns Can Avoid the Worst Energy Problems with Education And Action ---------------------------------------------------------------------- I N T E R N A T I O N A L ---------------------------------------------------------------------- Access stories online at: http://www.powermarketers.com/pma-intr.htm Exercising Power of Choice Brazil: Aneel Authorizes New Projects to Avoid Energy Rationing Pravo: Electricity Imports Threaten the Existence of Coal Mines(Dovoz Elektriny Ohrozuje Existenci Uhelnych Dolu) Luscar Coal Income Fund - Thermal Coal Contract Price Up 20 Percent Image Power Appoints Satnam Sekhon as Chief Operating Three Companies Request Chillan Geothermal Rights - Chile Ge's F Technology to Help Meet Malaysia's Growing Need for Additional Power Dynamotive Technologies Corp - Dti Renewable Energy Grant for Biooil Consortium GE Power wins 188 mln usd supply order from Malaysia's SKS Ventures UK Government: Tax Boost for Energy Saving -- Whitty World Fuel Services Acquires Marine Energy of Dubai Image Power Appoints Satnam Sekhon As Chief Operating Officer Brazil : Ulbra to Inaugurate Thermal Electric Facility Ballard Power Systems Inc: Honda Motor Company - Ballard & Honda Sign $25.9-Million Supply Agreement for Fuel Cells Uganda splits power company into four China to break up state power monopoly; listings could raise 300-400 bln yuan Hydrogen Powers Energy Hopes / Experts Say It May Be the Fuel of The Future Top Energy Summaries - Monday, April 02, 2001 - 6:42 Am New Energy Tax Comes Into Effect Natural Gas Fertilizer Bid Awarded Henan Coal Gasification Project Ignited in Yima Australia: Swanbank Project to PRODUCE 10 Mw of Power in 15 Years China's Trade of Machinery, Electric Products Doubles in 5 Years Iran, Nakhichevan to Cooperate in Water, Power Sectors Indian Industry Body Asks for Faster Amendment of Coal Mines Act Chinese Nuclear Power Industry Holds Expo from March 30 Japanese Power Companies' Capital Spending Falls 8 Pct in Fy2000 Korea's Kepco Completes Spin Off of Power Affiliates Rajasthan to Begin Privatisation of Power Distribution Electric Hectic ---------------------------------------------------------------------- KRT DAILY ENERGY NEWS ---------------------------------------------------------------------- Access stories online at http://www.powermarketers.com/pma-krt.htm -Oklahoma House to Vote on Delaying Electric Deregulation Saint Paul Pioneer Press, Minn., Real World Economics Column Westley, Calif., Residents Object to Used-Tire Power Plant Utah Power Company Enhances Supplies for Summer Months Rancho Cucamonga, Calif., Water Cooler Company May Land a Government Contract The Business Press, Ontario, Calif., Guest Column ---------------------------------------------------------------------- REUTERS ---------------------------------------------------------------------- Access stories online at: http://news.powermarketers.com/news/articles/ElectricPower.html UPDATE 1-Edison, PG&E may take $6.8 bln charges Chemical companies seen facing a long, painful year UPDATE 1-U.S. fines Montedison for alleged income overstatment UPDATE 3-Sickly US manufacturing sector improves in March Venezuela stocks hit by more selling of utility EDC Berkshire Hathaway discloses holdings in Gap, GPU U.S. House lawmakers want Bush change on carbon emissions TEXT-S&P may still cut Mirant Americas Energy Marketing UPDATE 1-US fines Montedison for alleged overstatment Edison Int'l delays 10-K filing, may take $2.7 bln charge TEXT-S&P may now cut Entergy units' ratings TEXT-S&P may still cut FPL Group AA-minus rtg PG&E delays 10-K filing, expects $4.1 bln charge UPDATE 1-Wisc. Public completes takeover of Wisc. Fuel & Light UPDATE 2-Entergy, FPL abandon plan to form largest utility Johnnie Cochran says Southern Co. covering up race bias New Issue - Edison Mission sells $600 mln 10-yr notes Canada natgas prices off with cheaper U.S. physicals U.S. fines Montedison for alleged income overstatment Nev. Mohave 790-MW Unit 1 back up, Unit 2 taken down New Issue - NRG Energy sells $690 mln in 2-part debt deal US POWER-Calif. real estate may be jolted by rolling blackouts Entergy says differences in approach led to FPL break-up WRAPUP 2-Cantabrico rises again after final bid US POWER-Greens, industry at times embrace in energy crisis TEXT-S&P rates Rochester Gas & Electric bonds A-minus UPDATE 1-U.S. West power line shut, Calif. calls power alert Uganda splits electricity utility ahead of sale Madrid shares close flat, utilities up on new bid UPDATE 1-Welsh Water plans two billion pound bond sale Enron and Saks ink energy management deal NAPM says U.S. manufacturing may be in turnaround FPL says differences in forecasts led to merger break-up US Corp Bonds - Corp bonds take open firmer Romanian steel workers protest over plant shutdown Southern names CEO Allen Franklin chairman Troubled US manufacturing sector improves in March INTERVIEW-Guangdong Powersees capacity up on reform Dominion completes buy of Millstone nuclear station Dynegy ups Q1, year 2001 earnings estimates Entergy confident in earnings despite failed merger UK power network 24Seven plans listing by 2003 ********************************************************* NEW on the POWERMARKETERS.COM TRAINING PAGE ********************************************************* Access all online presentations at: http://www.pmaconference.com Coming soon! PMA Power Markets 2001 presentations, taped at the Aladdin Hotel, Las Vegas, March 15-16, 2001. Don't forget you can choose to stream the presentation immediately over the web, or download it to your computer for later viewing-- Free! RealVideo-based powerpoint-based presentations, with the accompanying audio. Running about 30 minutes each, 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. 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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PMA ONLINE MAGAZINE: Access online at: http://www.retailenergy.com/pmamag.htm News releases may be submitted to The PowerMarketers.com Power Report via e-mail to news@powermarketers.com Copyright 2000 by PowerMarketers.com: http://www.powermarketers.com/ The PowerMarketers.com Power Report is a complimentary service of The Power Marketing Association. Headlines are copyrighted by their respective services: Reuters, Knight-Ridder, and others. 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 TO UNSUBSCRIBE OR CHANGE your subscription, (1) point your browser to "The PMA OnLine Power Report" subscription services form at http://www.retailenergy.com/pma/dprreg.htm OR (2) , send a message to pma@powermarketers.com. 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