Message-ID: <9749661.1075841868390.JavaMail.evans@thyme> Date: Thu, 28 Dec 2000 14:27:00 -0800 (PST) From: pmadpr@worldnet.att.net Subject: PowerMarketers.com Daily Power Report for 29 December 2000 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 Attention POWER REPORT Readers: Go to http://www.powermarketers.com/prdaily.htm to view today's edition with direct headline links to each story.] ====================================================================== 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. 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To register for a free subscription, point your browser to: http://www.retailenergy.com/pma/dprreg.htm ************************************************************************ ------Advertisement------ THE ENERGY INFO SOURCE TRANSMISSION REPORT (December 2000 Edition) * Detailed Analysis of October 15th RTO and ISO Filings * Transcos and Gridcos * Maps of Transco and RTO areas * Much, much more. http://www.pmaconference.com/Transmission.pdf FINANCIAL TIMES NORTH AMERICAN ELECTRIC POWER SYSTEM WALL MAP Special Holiday Offer-- $100 Off if Ordered by New Years! http://www.pmaconference.com/powermaps.pdf ************************************************************************ ------Advertisement------ MANAGING THE RISK OF RETAIL OPERATIONS -- January 18-19, 2001, Orlando http://www.pmaconference.com/retailrisk1.18.pdf NUCLEAR ASSET DIVESTITURE -- Jan 30-Feb 1 , New Orleans http://www.pmaconference.com/nuc-ebro.pdf POWER MARKETS 2001 --MARCH 14-16, 2001 LAS VEGAS, NEVADA >>>> Now Available: Exhibition Space and Sponsorships http://www.pmaconference.com/0103Agenda.pdf ************************************************************************ --------------------T O P S T O R I E S-------------------- Top Stories (December 28) US DOE EXTENDS CALIFORNIA POWER EMERGENCY ORDER THROUGH JANUARY 5 The U.S. Department of Energy has extended through Jan. 5 an emergency order requiring power producers to supply California's troubled electricity market. http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2000/ 12/28/eng-djn/eng-djn_120031_164_545513889752 AES TO PAY ABOUT $1.3B FOR CONTROL OF GENER CHILE AES Corp. will pay about $1.3 billion for just under 90% of Chilean thermoelectric generator Gener SA when the tender offer is complete, said AES Andes President Naveed Ismail on Thursday. http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2000/ 12/28/eng-djn/eng-djn_140033_13_6045648343861 ST. JOSEPH LIGHT HOLDERS TO GET 0.7933 UTILICORP SHARES UtiliCorp United Inc. and St. Joseph Light & Power Co. set the conversion ratio for their merger, with St. Joseph shareholders to receive 0.7933 shares of UtiliCorp common stock for each share held as of December 29, 2000. http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2000/ 12/28/eng-djn/eng-djn_132028_73_0406201002188 PRICE OF NATURAL GAS REACHES RECORD HIGH Cold weather pushed the price of natural gas used by most Americans to heat their homes to a record high yesterday in a shock economists say is taking a substantial bite out of consumers' pocketbooks and economic growth. http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri dder/2000/12/28/krtbn/0000-0382-WT-NATURAL-GAS MANY ENERGY HEADACHES AWAIT BUSH Three days before George W. Bush is inaugurated president, OPEC oil ministers will meet in Vienna and in all likelihood slash oil production, raising crude prices worldwide. http://199.97.97.163/IMDS%PMANAT0%read%/home/content/users/imds/feeds/comtex/2 000/12/28/ao/0000-2329-bush-energy-headaches ---------------------------------------------------------------------- DOW JONES NEWSWIRES ---------------------------------------------------------------------- Access stories online at: http://199.97.97.79/IMDS|PMADJN0,PMADJN1,PMADJN2,PMADJN3,PMADJN4|index Nader/Calif Utils -2: Bankruptcy Call Irresponsible -PG&E NW River Forecast: Spring Runoff Seen At 75% Of Normal US To Probe Charges Europe Cos Dumping Uranium Illegally DTE Energy Unit Files Mich. Transmission Capability Plan Nader Says Bankruptcy Better Than Bailout For Calif Utils Calif. Public Util Commission Hearings To Continue Friday PRESS RELEASE: Moody's:Securitized Utility Debt Protected Calif Utilities' Securitized Debt Protected - Moody's Utility Bonds Still Safe Haven, Despite Calif. Crisis PRESS RELEASE: Gener S.A. Rtg On S&P CreditWatch Negative EEI: US Electric Output For Wk Ended Dec 23 Up 13.7% Usec/Dumping -2: Preliminary ITC Decision By Jan 22 >USU Calif State Senator: Utils Rate Hike Should Be Temporary US Southeast Power Steady-Dn As Demand Expectations Slide USEC: Commerce Dept To Investigate Dumping Claims AES/Gener Chile-3:AES Restates Commitment To Chilean Law St. Joseph Light/UtiliCorp -2:Merger Effective Dec 31>SAJ AES/Gener Chile -2: To Buy Another 25% Via Share Swap AES To Pay About $1.3B For Control Of Gener Chile AES Buys 61.57% Of Gener Chile For CLP139.34 A Share St. Joseph Light Hldrs To Get 0.7933 UtiliCorp Shrs >SAJ UtiliCorp, St. Joseph Light Set Merger Conversion Ratio Telecom Italia Venezuela Unit Doubles Projections - Paper AES To Buy 61.57% Of Gener Chile In Auction At 1500 GMT US DOE Extends Calif Pwr Emergency Order Through Jan 5 REPEAT: Calif Gov Hopes FERC Will Reimpose Price Cap 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 Boosting Public Power Calif. Fails to Solve Energy Dispute Many Energy Headaches Await Bush Repeats: Energy Volume And Open Interest Totals-DEC 28 California Small Business Association Representatives Available for Comment Surrounding Public Utilities Commission Hearings on Energy CrisisReliable Electric Service, Price Stability And Affordability Critical to Small Businesses Commentary: An Alternate Solution to Energy Crisis Hetch Hetchy Power Deal under Review Reanet Seeks Fiber Optic Space from Electric Co-Ops Vector Energy Corp - Completes Debt Restructuring; Reduces Debt by 3.9 Million Energy Update/Los Angeles Department of Water And Power Daily Energy Update for Thursday, DEC. 28, 2000 Record High Wholesale Natural Gas Prices Cause Increase to Psnc Energy Customer Bills Silicon Valley Braces for More Energy Shortages Sipex Announces Availability of Superior +3.0v to +5.5v Usb Power Control Switch Energy Prices Prompt Cutbacks at Intalco Puc Weighs Power Hikes: Hearing Starts with Utility Pleas Utilicorp United And ST. Joseph Light & Power Set Conversion Ratio, Closing Date of December 29, 2000 Southwestern Arkansas Bears Brunt of Winter Weather; 550,000 without Power Cambridge Energy Corp - Initiation of Its Petroleum Technology Advancement Program Daytona Energy Corp - Private Placement 1 Mil Units @$0.15 GE Power Systems Expands Mobile Workforce Management Product Offerings with Web-Based Solutions from ImedeonAgreement Complements Existing GE Offerings Plains' Ice Storm Cuts Power Again EGCOMP seen affected by power surplus in 2001: Seamico Securities Directory Channels Buildings Integration Communications & Technology Electro/Mechanical Energy Envelope Interiors Safety/Security Advertising/ Media Kits Awards Discussions Events & Conventions Free Subscriptions Buildings Magazine Commercial Building Magazine Buildings Interiors Buildings.com Newsl Azcentral.com - Handling of Power Crisis Under Fire NEW VENEZUELAN ENERGY MINISTER TO MAINTAIN ESTABLISHED POLICIES Aboitiz Equity acquires Northern Mini Hydro Corp for 395 mln pesos Governor Dodges Power Fallout Getting Real About Energy Big Chill Will Bring Even Bigger Natural Gas Bills Cost, Consumption Rise As Winter Turns Bitter Cold; Utilities May Seek New Rate Hike PG&E Seeking 26% Jump in Raates / Utility Says Money Would Be Used to Recoup $5 Debt from Surging Electricity Prices Public: Freeze Power Rates / Puc Begged to Block Utilities' Electricity Hike Good Neighbor Energy Fund Hopes to Help 1,750 Families Maryland Company May Build Power Plant ---------------------------------------------------------------------- I N T E R N A T I O N A L ---------------------------------------------------------------------- Access stories online at: http://www.powermarketers.com/pma-intr.htm Serbia Suffers Through Energy Crisis, Montenegro Lashed by Heavy Rains Huaneng Power International's Merger by Absorption of Shandong Huaneng Becomes Effective Serbian energy minister resigns amid power cut protests South Korea Proposes Joint Probe Into North's Power Situation Spain's Union Electrica Fenosa takes over Colombian power company Nigeria: Muslim Youths Urge Government to Curb Corruption in Power Company Daily Power Losses Total US$1.43mn - Venezuela President Appoints New Mines & Energy Minister - Venezuela Powerhouse Energy Corp - Discontinued Pre-Feasibility Due Diligence on the "Turingia" Putin Attends Opening of Power Plant in Northwestern Russia Brazil : Acquisition of Power Generating Companies Attract Groups Wind-Power Generators to Set Up Association Natural Gas Prices Hit Record High Japan's Tomen to Build 2 Midsize Wind Power Plants in Hokkaido Bank of China Grants Rmb 6.95 Bln Credit Facility to Huaneng Power Int'l Egco Acquires Stake in Coal-Fired Plant ---------------------------------------------------------------------- KRT DAILY ENERGY NEWS ---------------------------------------------------------------------- Access stories online at http://www.powermarketers.com/pma-krt.htm York, Pa.-Area Businesses, Residents Can Expect Higher Energy Bills Price of Natural Gas Reaches Record High North Carolina Natural Gas Users to Face Jan. 1 Rate Hike Wisconsin Energy Assistance Program Gets Boost from Grant Washington Utility Sees Earnings Boost California Commission May Approve Electricity Utilities' Rate Increase California Firms, Homes Try to Reconcile Budgets with Rising Utility Costs California Electric Utility Requests 30 Percent Rate Hike Portland, Ore.-Area Aluminum Smelters Pursue Innovative Utility Plans Department of Energy Extends California-Based Firm's Washington Site Contract Philadelphia-Based Water Boiler Firm Prospers Despite Area Blight Freezing Temps a Major Concern for Pennsylvania Residents without Heat Philadelphia Gas Works Requests $140 Million Rate Hike Brookport, Ill., Plans Fee Hikes to Cut Overuse of Water North Brunswick, N.J., Water Plant Shuts Down PSE&G Relative Expands Stake in Tunisian Power Plant Natural Gas Prices Flirt with $10 Barrier Attorney to Retires from Post at Harrisburg, Pa.-Based Energy Association New Smyrna Beach, Fla., Officials Ask Supreme Court to Open Energy Market Escondido, Calif., Council Approves Power Plant Query Nuclear Commission Approves Raleigh, N.C.-Based Utility's Nuclear Plant Plan British Trade Secretary Opens Door for Possible Bid on Utility Giant British Energy Firm to Sell Stake in Field for $150 Million Stocks of California Utilities Rebound As Commission Pursues Rate Increases Energy Seeks Approval As Texas Retail Electric Provider; Some Details Vague -Atlanta Regulators Issue New Rules for Natural Gas Bills Oklahoma City-Area Subdivision Features Homes with Geothermal Energy Systems ---------------------------------------------------------------------- REUTERS ---------------------------------------------------------------------- Access stories online at: http://207.32.82.57/news/ElectricPower.html UPDATE 2-Nader says Calif. utitilies should be allowed to fail UPDATE 1-Winter keeps grip on U.S.; new storm arrives US Corp Bonds-DaimlerChrysler weakens, trade thin California power woes crimp stranded cost bonds PSNC says higher natgas prices mean higher N.C. rates Court likely to rule on FERC suit in 2 weeks-lawyer S&P may cut Gener SA BBB-plus rating Storm snarls I-20, strands travelers in Texas town Chilly US winter, higher gas prices mean big bills Ice, snow leave 335,000 in US South powerless for 4th day Moody's comments on Calif crisis,securitized bonds U.S. municipals see Calif. utility paper sink Argentine gov't to decree public works plan on Thurs UPDATE 1-North Korea seeks South's help on power supply ********************************************************* NEW on the POWERMARKETERS.COM TRAINING PAGE ********************************************************* Access all online presentations at: http://www.pmaconference.com New! Now you can choose to stream the presentation immediately over the web, or download it to your computer for later viewing-- Free! New! Five additional RealVideo-based powerpoint-based presentations, with the accompanying audio. Running about 30 minutes each, the new 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. 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