Message-ID: <25182535.1075841872841.JavaMail.evans@thyme> Date: Wed, 11 Apr 2001 16:58:00 -0700 (PDT) From: pmadpr@worldnet.att.net Subject: PowerMarketers.com Daily Power Report for 12 April 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\Power marketer 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------ ATTEND!!! PROJECT FINANCE: THE TUTORIAL April 23-25, 2001 New York, 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, 2001 New York, 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 Download the conference brochure at: http://www.pmaconference.com/pfweek.pdf ? ------Advertisement------ 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 ?TOP STORIES US WESTERN STATES PRESS FEDS TO ACT ON POWER PRICES High electricity prices pose a "looming disaster" for many states in the West, a federal regulator warned Tuesday, as pressure grew on the government to consider temporary price controls on wholesale power. MINNESOTA SENATE COMMITTEE PASSES BILL TO CURB POWER SHORTFALLS An energy committee in the Minnesota Senate passed a bill late Tuesday that includes provisions to improve electricity conservation and speed the power plant siting process to help boost power supplies in the state, a legislative official said. TEXAS BILL COULD STOP UTILITIES STRANDED-COST ADVANCES A bill advanced Monday in the Texas House of Representatives that could force three large Texas electric utilities to return millions of dollars they have collected to cover expenses expected to be left "stranded" when retail competition begins next year. MIRANT: NEW 1,100-MW NEVADA PLANT SEEN ON LINE MARCH 2003 Mirant Corp. and privately-owned Apex Industrial Park broke ground Wednesday on its 1,100-megawatt Apex Generating Station located in Nevada, Mirant said. CONSTELLATION: 4 NEW PLANTS, 1,100-MW DUE UP FOR SUMMER Constellation Energy Group plans to have four new power plants with a total capacity of 1,100 megawatts ready for commercial operation this summer, a company spokesman said Wednesday. PG&E BANKRUPTCY RENEWS FOCUS ON FUNDS MOVED TO PARENT Pacific Gas and Electric is in bankruptcy court, but its holding company remains profitable, partly because the utility transferred billions of dollars to its corporate parent in the years leading up to its financial collapse. Is this fair? 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 PG&E Bankruptcy Renews Focus On Funds Moved To Parent Brazil/Cesp -2: Cesp Moves Up Operation Of New Turbine Security Flaw Found In High-Speed Modems Made By Alcatel EEI: US Electric Output Up 3.6% For Week Ended April 7 Northeast Util Debt-2: To Sell $680M Rate Reduction Bonds PRESS RELEASE:S&P Affirms PG&E-1 Stranded Cost ABS At AAA PG&E-1 Stranded Cost ABS Affirmed At AAA By S&P Brazil State Gov To Publish Cesp Sale Terms April 17 US EPA Asks Crt To Dismiss Utility Appeal Of Mercury Rule S&P Sees Little Impact On Muni Elec Utils From PG&E Woes PRESS RELEASE: PG&E Has Little Impact On Muni Utils - S&P NY Judge Delays Order For Queens Turbines Until Mon-Clerk Northeast Util Unit To Retire $830M Debt, Securities Northeast Util Payment Also Funded By $500M Credit Line Northeast Util Payment Funded By $170M Receivables Sale Northeast Utilities Pays Down Added Debt >NU Constellation: 4 New Plants, 1,100-MW Due Up For Summer Mirant: New 1,100-MW Nevada Plant Seen On Line March 2003 PRESS RELEASE: S&P Sees Minimal Impact From PG&E Payment S&P:Minimal Impact Seen In PG&E Partial Ppty Tax Payment U.K. Wind Power Gears Up For The Great Leap Offshore Texas Bill Could Stop Utilities' Stranded-Cost Advances PRESS RELEASE: S&P: Utility Default Recovery Levels High PRESS RELEASE:S&P:Utility Default Recovery Levels High-2- EU To Proceed With Plans To Ratify Kyoto Protocol S&P: Util Default Recovery Levels Higher Than Other Cos PRESS RELEASE: Moody's Rates Tietj Ctfs Grantor Trust VeriSign Gets Nuclear Regulatory Commission Systems Pact Boralex To Buy Plant From FPL Energy For $10M >BLX.A Shaw Group CEO: Co. Has 75% Backlog Of Power Plant Orders Tietj Certificates Grantor Trust Assigned Baa3 :Moody's Plains States Suffer Thunderstorms, Tornado Damage Cantabrico/Hldrs -4: Breakdown Of Bid-Acceptance Numbers Cantabrico/Shrhldrs -2: Final Result Varies Little Cantabrico/Hldrs -3: Tender Result Meets Mkt Expectations 19.2% Of Cantabrico Shrhldrs Accept EDP-Cajastur Offer 59.66% Of Cantabrico Shrhldrs Accept Ferroatlantica Offer Goofdman Mfg Asks US To Retain Energy Efficiency Rule-NYT Alcoa Exec Says Power Increases May Close Smelter>AA US Western States Press Feds To Act On Power Prices Minn Sen Committee Passes Bill To Curb Power Shortfalls FREE TRIAL: For a free trial of the various Dow Jones index and data services, go to www.dowjonesnews.com, and click "create account," or call 1-800-223-2274. ?NATIONAL - Access stories online at: http://www.powermarketers.com/pma-nat.htm California Municipal Bond Expert Available for Commentary on Impact of Energy Crisis on State Bonds Hard Winter Doubles Late Utility Bills Johanns Wants Wind-Power Plan Mid Will Need Power Despite Good Planning An Urgent Call to Save Power -California Utility Bankruptcy Won't Rock Atlanta-Based Energy Company Plains All American Pipeline to Acquire Canpet Energy Group Top Energy Minds to Converge in Oklahoma April 26 for National Summit on Energy Policy Hearings to Begin on Electric Rate Hike Bpa Rate Warning Must Be Heeded the Region's Power Outlook Has Worsened, Not Improved, Since Onset of Energy Crisis Residents Conserve by 12 % Tacoma Power: Cutback in Use Eases Crunch, Saves Utility $17 Million in March California Embraces Apache Power, L.P. Baytex Energy to Acquire Triumph Energy in $159-Million Deal Thermafreeze Announces Intent to Compete in The Power And Energy Market Lights Out as Power Cut at Flc Department of Energy Application to Export Electric Energy; Minnesota Power, Inc. Boralex Inc. to Acquire a Private Power Producer in Maine for $10 Million US Top Energy Summaries - Wednesday, April 11, 2001 - 12:17 PM Beleaguered Californian Utility... Plains All American Pipeline to Acquire Canpet Energy Group Inc. Texas Power Companies Select Altra for Ercot Scheduling California Department of Water Resources Selects Altra Power to Enable Statewide Power Purchases Spring Storm Knocks Out Power, Phone Lines Lehigh Coal & Navigation Digging for $5 Million Loan to Reopen Mine ** 200 Jobs at Stake. Company Shut Down Panther Valley Pit in February, Citing Financial Problems. Transcanada Continues to Build Power Business - Company to Develop Fifth Alberta Power Plant Tennessee Valley Authority Joins Long List of Navigant Consulting's Generation Knowledge Service Subscribers Deregulating Energy Companies Create `Employment Brand' to Successfully Recruit And Retain Key Staff Wall Street Journal: Talisman Energy Inc.: Petromet Resources Agrees to $469.7m Purchase Bailout Or Buyout? State to Pay Edison $2.76 Billion for Power Lines Utah May Dodge Hike in Summer Power Bills Image Power Arranges Financing on Favorable Terms; Company to Raise $700,000 Through Convertible Debenture Washington: Analysts Debate US Energy Crisis U.S. Ruling AIDS Iowa's Wind Farms Supervisors Give Nod to Power Plant ** Upper Mount Bethel Approves Reliant Energy's Plan If Air, Road And Water Drainage Conditions Are Met. ** Upper Mount Bethel Alliance receives return on energy investment Energy Bill Passes Senate Committee West Begs for Power Controls California State Senator Says Power Deregulation Hurts Consumers-(Boston U.) Austin Energy Predicts Adequate Summer Energy Supply, Affordable Electric Bills-(U. Texas-Austin) Rahall Not Buying Idea of National Energy Crisis: Congressman Still Advocates Strong Energy Policy ?INTERNATIONAL - Access stories online at: http://www.powermarketers.com/pma-intr.htm Safety Systems Being Tested at Russian Nuclear Power Plant Chugoku Electric Unit to Sell LNG Italy Orders Vatican Radio to Reduce Broadcast Power Hungary Tries to Dissuade Croatia from Building Power Plant on River -German Utility May Acquire Lexington, Ky., Electric Company UK Backs Offshore Wind Farms Gert Completes Reviews of Two New Projects:First Solar Water Heating Emission Reduction Trade Registered And Fuel Substitution And Increased Cogeneration Offer-to-Sell Reviewed Image Power Arranges Financing On Favorable Terms; Nuclear power plant at Temelin is save, says documentation ITALY ORDERS VATICAN RADIO TO REDUCE BROADCAST POWER UK Government: Hain Announces Gbp8m Boost for UK Coal Industry; Eight Pits Share Gbp8m ROUNDUP: Temelin report declares nuclear power plant safe Eds: Adds Austrian reaction Top Energy Summaries - Wednesday, April 11, 2001 - 9:38 Am Uk: BP to Build Combined Heat and Power Unit for Jaguar Ukraine Hopes That Investors Will Bid for Regional Energy Companies Indian Government: Renewable Energy to Electrify 18,000 Villages Bangladesh signs accord with ADB on funding power plant Turkey ratifies international Energy Charter Treaty Top Energy Summaries - Wednesday, April 11, 2001 - 7:41 Am China Prepares for Gigantic New Power Station Image Power Arranges Financing on Favorable Terms; Company to Raise $700,000 Through Convertible Debenture Russian Deputy Premier Holds Energy Talks in Brussels Temelin environmental report declares nuclear power plant safe US Firm Mirant Seeks Quadruple Lift in Power Plug-INS Kaltrim Prima Coal Indonesia Denies Agreeing to 51% Divestment Philippines Platform to Deliver First Natural Gas on Oct 2001 Australia's Agl to Offer Gas & Power in New After Markets Open Japan's Sanix to Construct Thermal Power Plant in Hokkaido Huaneng Power Announces Planned Generation for 2001 ?KRT - Access stories online at: http://www.powermarketers.com/pma-krt.htm -Kentucky Utilities' New Owner to Stick Around for a While -German Utility May Acquire Lexington, Ky., Electric Company -California Utility Bankruptcy Won't Rock Atlanta-Based Energy Company Oklahoma Commission Seeks Review of Utility's Gas Contracts Tennessee Valley Authority May Use Idled Nuclear Reactors for More Power California Crisis Deepens As Utility Company PG&E Files for Bankruptcy California Governor Forges Deal to Rescue Utility, Prevent Another Bankruptcy San Francisco-Based Utility Seeks to Avoid Using Profits for Debt Cities in San Jose, Calif., Region Hope to Acquire Back-Up Generators High-Pollution Power Plant in San Francisco Will Stay on Line Washington Agency's Staff Opposes Quick Ruling on 'Time of Use' Utility Bills Seattle Utility Gets More Takers on Light Bulb Program Than Planned Bankruptcy Filing Sinks California Utilities' Stock Prices California, Utility Reach Accord Well-Known Judge Named to Take California Utility's Bankruptcy Case Chapter 11 Filing Becomes First of Many Steps for California Utility California Utility's Bankruptcy Filing Could Impact State's Energy Flow Utility's Bankruptcy Filing Complicates California's Plan to Take Power Lines California Politicians: Utility's Bankruptcy Filing May Bring Order to Chaos Struggling California Utility Files for Chapter 11 Bankruptcy Kentucky Puts Power Plant Death under Investigation California Makes Deal with Utility for Sale of Power Lines, Withdrawal of Suit Aes Corp. Threatens to Pull Out of Fast-Track Electricity Effort in California California Legislators Say Buying Power Lines Doesn't Do Enough to Ease Crisis The Orange County Register, Calif., Jonathan Lansner Column Investor in Wisconsin Energy Corp. Wants Change in Election of Directors Madison, Wis., Energy Company Increases Annual Bonus for Chairman California Lawmakers Demand More Energy Efficiency from Businesses Florida-Based Utility Announces Pre-Tax Charge Against First-Quarter Earnings Missouri Task Force Holds Meeting Concerning How Gas Costs Are Collected Mission, S.D., Tribal Members Turn Ground for Wind Turbine Houston-Area Board Picks California Firm to Design Water Plant Raytheon to Take Big Charge for Power Plants in Massachusetts Texas House Panel Passes Electricity Refund Bill Sweet Power Deals for Smelters Embitter Public Utilities in Eugene, Ore., Area Northwest Energy Giant Seeks Drastic Cuts in Power Demand Numerous Factors Send Electricity Prices Through the Roof in Eugene, Ore. Under Bush's Budget, Staff May Be Cut at Golden, Colo., Energy Laboratory The Dallas Morning News Destinations Column Columbia, S.C.-Based Utility Plans to Build Plant in Jasper County, S.C. Electric Company Outlines Construction for Power Plant in Jasper County, S.C. California Utility Plans to Refund Security Deposits California Governor Works to Find Support for Deal with Utility Company (B) Opinion: Lessons on Electricity Deregulation from California Denver-Based Utility Firm Wants to Build A Power Plant in New Mexico ?REUTERS - Access stories online at: http://news.powermarketers.com/news/articles/ElectricPower.html Calif. governor signs two energy efficiency bills Calif. water levels at 55 pct but storage to cover shortfall Brazil shares fall 1.52 pct on profit-taking Alberta Energy mulls California gas storage expansion US energy rules get rare industry support INTERVIEW-El Paso says market savvy drives telecoms foray NRG Energy says sees no PG&E impact on 2001 results Judge orders Enron to give Calif. universities power Canada natgas mostly down with U.S. cash, futures U.S. companies eye new nuclear plants after over 25 years UPDATE 1-Mirant to meet or top guidance despite California Northeast Utilities proceeds with bond sales SoCal Edison upgrade from junk not imminent-S&P Northeast Utilities calls $830 mln bonds, preferreds INTERVIEW-Bond fund manager finds gold in PG&E UPDATE 2-Spain gives final tally in Cantabrico bid battle Brazil Eletrobras slumps on Furnas woes, blackout Montedison effort to buy Falck residual shares thwarted Enron names Australian conciliator for India project PG&E power project to aid Calif.'s Silicon Valley Indiana Michigan Power files $550 mln notes shelf US power agency pulls plug on aluminum after 60 yrs UPDATE 1-Russian Dep PM sees slow restructuring of utilities Kenya tries to restore World Bank power credit TransCanada to build $80-mln Alberta power plant UPDATE 2-All calm as German nuke train reaches French plant German power industry gets extension for CHP deal World electricity: Who's big and by what measure INTERVIEW-Brazil's Copel prime privatisation target New solar flare could cause geomagnetic storm on Earth E.ON to sell metals unit Kloeckner to Balli -paper 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! 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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: Dow Jones, 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, point your browser to "The PowerMarketers.com POWER REPORT" subscription services form at http://www.retailenergy.com/pma/dprreg.htm? To unsubscribe from this service via e-mail, send a message to pma@powermarketers.com