Message-ID: <23577777.1075841868516.JavaMail.evans@thyme> Date: Thu, 4 Jan 2001 14:21:00 -0800 (PST) From: pmadpr@worldnet.att.net Subject: PowerMarketers.com Daily Power Report for 5 January 2001 Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: "The Power Marketing Association" <pmadpr@worldnet.att.net> 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------ CRISIS AND OPPORTUNITY: POWER MARKETS 2001 MARCH 14-16, 2001 LAS VEGAS, NEVADA The Power Marketing Association's 7th Annual Spring Meeting >>>> Now Available: Exhibition Space and Sponsorships http://www.pmaconference.com/0103Agenda.pdf ************************************************************************ ------Advertisement------ LOAD MANAGEMENT SERVICES FOR COMMERCIAL AND INDUSTRIAL CUSTOMERS January 17-19, 2001 Las Vegas, NV http://www.pmaconference.com/e-bro.pdf TRANSCOs 2001 January 22-24, 2001 New Orleans, LA http://www.pmaconference.com/Transcoa.pdf THE ADVANCED PROJECT FINANCE COURSES January 22-26, 2001, New York, NY http://www.pmaconference.com/Advfin.1.22.pdf ************************************************************************ --------------------T O P S T O R I E S-------------------- Top Stories (January 4) SOUTHERN CALIFORNIA EDISON CONDEMNS CALIFORNIA COMMISSION'S RATE PLAN Southern California Edison, a unit of Edison International, condemned the California Public Utilities Commission's proposed decision on an interim rate increase. http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/ 01/04/eng-djn/eng-djn_000028_145_788091630675 BUSH WON'T ADDRESS CALIFORNIA POWER CRISIS UNTIL IN OFFICE President-elect George W. Bush, while "worried" about the California power-supply crisis, won't attempt to weigh into the thorny problem until after he takes office Jan. 20, a Bush spokesman told reporters Thursday. http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/ 01/04/eng-djn/eng-djn_144027_155_607858868316 PSEG POWER PRESENTS PROPOSAL FOR 1100MW PLANT - PROPOSED COMBINED CYCLE, NATURAL GAS-FUELED POWER PLANT TO BE LOCATED IN ARCADIA, OHIO PSEG Power LLC yesterday presented at a public meeting a proposal for a 1,100 megawatt (MW) natural gas-fueled power plant to be located in Arcadia, Ohio. http://199.97.97.163/IMDS%PMANAT0%read%/home/content/users/imds/feeds/comtex/2 001/01/04/pr/0000-0401-ny-pseg-power-plant TEXAS ENERGY COALITION LOOKS TO BRING COMPETITION TO STATE ELECTRIC UTILITIES A statewide coalition of energy producers hopes to lower the costs of doing business in Texas by consolidating electricity purchases under state rules to bring competition to Texas electric utilities. http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri dder/2001/01/04/krtbn/0000-0024-AX-UTILITIES ENERGY NORTHWEST SELLS SATSOP SITE Energy Northwest's executive board meeting in Seattle Wednesday approved a land sale at its Satsop nuclear site west of Olympia to Duke Energy North America, which plans to build a power plant there. http://199.97.97.163/IMDS%PMANAT0%read%/home/content/users/imds/feeds/tricityh erald/2001/01/04/eng-tricity_2000/eng-tricity_2000_174504_90_2507364121266 ---------------------------------------------------------------------- DOW JONES NEWSWIRES ---------------------------------------------------------------------- Access stories online at: http://199.97.97.79/IMDS|PMADJN0,PMADJN1,PMADJN2,PMADJN3,PMADJN4|index PPL Corp. Estimate -2: 1999 Oper Net $504M, or $2.35/Shr PRESS RELEASE:S&P Lowers PG&E, Pacific,Gas & Elec Ratings EEI: Electric Output Report For Week Ended Dec 30 Delayed Bonds of Calif. Utilities Recover On Bargain-Hunting Duke Energy/Avail Generation -2: Sold To Non-Util Buyers PG&E Gas Commercial Paper Confirmed At Prime-2: Moody's PG&E Gas Sr Unsec Debt Downgraded To Baa1 By Moody's Calif PUC Passes 1 C/KWh Rate Hike For SoCal Ed, PG&E Co Venezuela Govt To Hike Elec Tariffs EDC By 1.2% 2001 PRESS RELEASE: CalPX Prime-1 Issuer Rtg On Moody's Review Chile Files Complaint Against Fake Quinenco Letter Author Calif Utils Paying Double Mkt Price For Pwr On Credit Calif. Energy Crisis A Boon For Microturbine Makers Emerging Market Shares In NY Torn By Indecision Bush Won't Address Calif Power Crisis Until In Office PRESS RELEASE: Fitch Comments On CPUC Proposed Rate Move REPEAT:Edison's SoCalEd May See End to Rate Freeze Mon PG&E:$2.7B For Pwr Bills,Buys Almost Gone US Weather: Snow In The East, Rain In The Northwest CORRECT: Southern To Pay Keppel FELS US$41.5M, Not US$82M REPEAT & CORRECT: SoCalEd May See End to Rate Freeze Mon S&P: "Dramatic" Downgrade Of Calif Util Ratings Seen Thu Edison's SoCalEd May See End to Rate Freeze Mon S. Calif Edison/Commission -2: Edison Intl Shrs Dn 18.3% WRAP:Calif PUC Set To Vote Thu On 7%-15% Util Rate Rise REPEAT&CORRECT:PG&E:$2.7B For Pwr Bills,Buys Almost Gone S Calif Ed: Calif Proposal Would Delay Serious Action S. Calif Edison Condemns Calif Commission's Rate Plan PG&E CEO: $2.7 Bln For Elec Pwr Bills, Buys Almost Gone Leak Found At Reactivated Indian Point Power Plant 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 Energy Northwest Sells Satsop Site Power Crisis Lights Up Lingering Questions PG&E says California power ruling gives 'breathing space' Duke Energy sells forward contracts on 90 pct of California capacity Top Energy Summaries - Thursday, January 04, 2001 - 4:58 PM Advisory/Power Update: Iep to Conduct Weekly Press Briefings on California Electric Market California approves rate hike to stave off power crisis Duke Energy Declares Quarterly Dividend Allegheny Energy Appoints New Vice President to Lead Unregulated Energy Services Subsidiary Duke Energy Updates Information Concerning California Sales -CILCO CHOOSES RETX LOAD MANAGEMENT DISPATCHER Duke Energy Field Services Furthers Growth Strategy with Year-End Transactions Conectiv Subsidiary Completes Sale of Nuclear Interests to Pseg Nuclear And Peco Energy Repeats: Energy Volume And Open Interest Totals-Jan 4 American Electric Power And Environmental Elements Corp. Announce Agreement on Urea-Based Emissions Control Technology Pseg Power Presents Proposal for 1100mw PlantProposed Combined Cycle, Natural Gas-Fueled Power Plant to Be Located in Arcadia, Ohio Media Advisory - Ontario Power Generation, Nuclear Report Cards Released Soaring Kiwi Deflates Fletcher Energy Sale Wrap: Californian Utilities' Woes Spread to Independent Power Producers Top Energy Summaries - Thursday, January 04, 2001 - 1:42 PM Georgia: International Company Resumes Gas Supply to US-Owned Energy Company AC Energy Inc - Completes $343,000 Offering Xcel Energy Inc. Seeks SEC Approval to Adopt Stockholder Protection Rights Agreement Ohio Consumers' Counsel Signs Agreement with Wattage Monitor to Help Residential Consumers Choose An Electric Supplier on Line Electric Fuel Announces Follow-on Fta Electric Bus Contract- $2.7 Million Cost-Share Program Will Include Road Tests And Ultracapacitor Integration - Novient: American Electric Power Selects Novient Eservices for Its Internal It Department Top Energy Summaries - Thursday, January 04, 2001 - 12:09 PM Energy Update/Los Angeles Department of Water And Power Daily Energy Update for Thursday, Jan. 4, 2001 Power on Lets Users Rewind Time Cook Nuclear Plant Unit 1 Reaches 100 Percent Power New-Generation Engine 'System' Highlights Ward's 10 Best Engines List for 2001; Ceremony to Take Place Jan. 11 at Naias Powercold Licenses Patented Energy Saving Technology; Ultimate Comfort Systems Will Cut Energy Costs 25%-40% Royale Energy Finds Two New California Natural Gas Wells Top Energy Summaries - Thursday, January 04, 2001 - 9:27 Am Progress Energy Evaluating Strategic Alternatives for 2 Subsidiaries Pressure Against Natural Gas Price Fitch Comments on Southern Cal Edison, Pacific Gas And Electric Mechanical Technology Launches Micro Fuel Cell Initiative with Renowned Scientist And Key Technology Alliant Energy Industrial Services Announces Strategic Partnership with Enermetrix Editorials ; Spread the Power Bill Pain Lawmakers Put Energy Crisis on Front Burner / Davis' Interim Appointee to Puc to Vote on Temporary Rate Hike Natural Gas Prices Nearly Quadruple Nationwide Since January 2000, According to Platts; Prices in New York And New Jersey Hit $19.33/Mmbtu, Highest in The Nation Regulators Advise Electric Rate Hikes Top Energy Summaries - Thursday, January 04, 2001 - 7:38 Am Energy Panel Set to Voteon Deregulation Guidelines Low Snowpack Report Helps Prompt Energy Measures Franklin Pud Studies Irrigation Waters as Possible Power Source Death, Illness Linked to Power Plant Emissions Globaltex Industries Inc - to Increase Its Interest in The Willow Creek Coal Mine Ohio's Power Concerns Go Ignored Another Big Increase Looming for Natural Gas Customers US Energy Policy Set for Priority under New Cabinet ---------------------------------------------------------------------- I N T E R N A T I O N A L ---------------------------------------------------------------------- Access stories online at: http://www.powermarketers.com/pma-intr.htm Pemex Natural Gas Price Cap Little Help to Companies: Concamin Esai Sees 2001 Average Natural Gas Price at 5.33 Dollars Per Million Btus Energy-Cuba: The Dream of Self-Sufficiency Letters to the Editor ; Power Sources Power cuts leave thousands without heat in Russia's icy Far East Energy-Nigeria: Erratic Power Supply Keeps The Poor In The Closet Oslo: Statoil to Become Power Company - Report Hwange Thermal Power Station Changes Hands Greentech Sells Stake in Wind Park in Rhodes Power Station Blast Injures Three Coal Mine Stoppage Halves Output at Far East Power Plant. Calico Commerce: Mitsubishi Chooses Calico to Form International B2b Exchange for The Power Industry; Calico Market Maker to Link Buyers And Suppliers in First Japanese-Based B2b Marketplace for Power Plant Equipment Malaysia's Tenaga power plant in Pakistan to open next month China Has World's 2nd Highest Installed Power Capacity, Ouput EGAT to delay purchase of electricity from independent power producers ---------------------------------------------------------------------- KRT DAILY ENERGY NEWS ---------------------------------------------------------------------- Access stories online at http://www.powermarketers.com/pma-krt.htm West Virginia Electricity Deregulation Talks May Touch on California Issues Northwest Homeowners Gradually Shift from Wood-Burning Fireplaces to Gas Heat California Utilities Drastically Raise Rates Seattle Customers Prepare for Electric Rate Increase Electricity Company's Rate Increases Angers Rhode Island Firms FAA to Dismantle Top Floors of Miami Airport Air Traffic Control Tower South Carolina Utility Buys Electricity from Outside Sources to Meet Demand Texas Energy Coalition Looks to Bring Competition to State Electric Utilities Amarillo Globe-News, Texas, Energy Briefs Column Waco, Texas, Electrical Supply Firm Buys Amarillo, Texas, Counterpart Ohio Natural Gas Company Hopes to Raise Rates ---------------------------------------------------------------------- REUTERS ---------------------------------------------------------------------- Access stories online at: http://207.32.82.57/news/ElectricPower.html German utilities look to move nuke waste in March Calif. utilities credit ratings sink despite rate hike Progress Energy looking at sale of barges, rail unit UPDATE 3-U.S. utilities stocks drop tempered S&P affirms Sempra Energy and units' ratings U.S. temps to moderate as Arctic air diverted-Salomon PPL Corp expects 2000 profits to beat expectations Edison Int'l, PG&E shares plummet at least 40 pct UPDATE 1:FERC judge says California power talks extended U.S. Options-Edison Int'l, PG&E implied vols surge Nuveen muni funds exposed to Calif. utility debt U.S. groups differ on electric reliability legislation Moody's may cut California Power Exchange Prime ADVISORY S&P cutS Edison Int'l, Southern California Edison rtgs S&P cuts Salton Sea Funding's snr secured debt rating US EPA says report supports its PCB-dredging policies CMS Energy to buy rest of Brazil CPEE utility Dominion sees significant profit rise due to acct. change UK power traders in bid to break contract deadlock ISO New England CEO Pellegrino resigns, search begins Fitch slashes big Calif utilities deep into junk Moody's cuts PG&E Gas Transmission, Northwest Corp U.S. chides Russia over gas supplies to Georgia S&P affirms PG&E Corp Gas Transmission-NW Corp Venezuela cuts electric rate rises for AES unit EDC UPDATE 1-Dynegy Q4 topped company's expectations Southern Union to see $13.5 mln pre-tax gain on sale UPDATE 1-PSEG details 1,320 MW of Midwest capacity UPDATE 1-AEP's Cook Mich nuke at full power S&P cuts PG&E, Pacific G&E ratings UPDATE 1-Innogy rated 'buy' as Lehman starts cover Fitch says ready to cut Calif utilities to junk status UPDATE 3-Calif. regulators approve interim PG&E, SCE rate hikes RPT-AES accepts tendered Gener ADSs, adding to stake Canada natgas rise curbed by warm Prairie temps US Corp Bonds-Big gains, Calif utilities go to junk S&P rates TransAlta Corp ********************************************************* 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. 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