Message-ID: <27414674.1075841868548.JavaMail.evans@thyme> Date: Sun, 7 Jan 2001 16:28:00 -0800 (PST) From: pmadpr@worldnet.att.net Subject: PowerMarketers.com Daily Power Report for 8 January 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 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 5) CALIFORNIA GOVERNOR, FEDERAL GOVERNMENT TOUGHEN STANCES ON POWER COSTS Positions hardened Tuesday in a standoff between Gov. Gray Davis and the nation's top regulator of electricity over how to fix California's power crisis. http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri dder/2001/01/05/krtbn/0000-0117-ES-POWER-COST CALIFORNIA LAWMAKER INTRODUCES BILL TO EXTEND ELECTRIC RATE FREEZE A California state assemblyman has introduced legislation that calls for a two-year extension of the retail electricity rate freeze for customers of Pacific Gas & Electric and Southern California Edison, and would allow the utilities to continue to collect an existing 10% surcharge from ratepayers to finance wholesale power costs. http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/ 01/05/eng-djn/eng-djn_230029_47_7276272792369 CALIFORNIA ELECTRICITY CRISIS SENDS JOLT TO BANK LENDERS The California electricity crisis is beginning to extend far beyond the state's borders. http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/ 01/05/eng-djn/eng-djn_184038_125_061786614824 ALLEGHENY ENERGY SUBSIDIARY TO CONSTRUCT $400-MILLION POWER PLANT IN INDIANA - 630-MW MERCHANT FACILITY TO BE BUILT IN STAGES BEGINNING IN 2002 Allegheny Energy, Inc., announced today that its unregulated generation subsidiary, Allegheny Energy Supply Company, LLC, plans to construct a 630-megawatt (MW) natural gas-fired merchant generating facility in St. Joseph County, Ind., approximately 10 miles west of South Bend. http://199.97.97.163/IMDS%PMANAT0%read%/home/content/users/imds/feeds/comtex/2 001/01/05/bw/0000-1898-md-allegheny-energy NORTH CAROLINA COMMISSION TO ABANDON PLAN TO DEREGULATE STATE'S POWER MARKET Prospects of a deregulated power market coming to North Carolina anytime soon were dimmed Thursday by a state panel concerned about California's deregulation horrors. http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri dder/2001/01/05/krtbn/0000-0339-RA-ELECTRICITY ---------------------------------------------------------------------- DOW JONES NEWSWIRES ---------------------------------------------------------------------- Access stories online at: http://199.97.97.79/IMDS|PMADJN0,PMADJN1,PMADJN2,PMADJN3,PMADJN4|index Calif Lawmaker Introduces Bill To Extend Elec Rate Freeze So Cal Ed -3: Will Still Pay Preferred Stock Dividends Alcoa/Wash. Smelters -2:Cites Rising Electricity Costs>AA SoCal Ed Job Cuts -3: 600 Jobs Mgmt; 800 Temp, Contract SoCal Ed Says 1,450 Jobs Cut Friday; 1,850 Total Cut US House Chmn Criticizes Gov, Clinton On Calif Power Woes Alcoa: No Immediate Layoffs At Either Location >AA SoCal Ed Job Cuts -2: 700 Of 1,400 Jobs Cut In Recent Wks Alcoa: Production At Facilities To Fall By 150,000 MTPY Alcoa To Adjust Delivery To Smelters In Washington Alcoa To Adjust Delivery Of Electricity To Smelters Green Mtn Power Sees Continuing Mediation With Elec Union NAM Suspects Gas Pains Pinching Manufacturing Sector Hope For Calif. -2: Long-Term Fixes Needed For Power Mkt S&P Awaiting Political Solution On California Utilities SoCal Ed Job Cut To Affect Non-Permanent Workers -Source Venezuela Wireless License Auction Resumes; No New Bids CORRECT:So Calif Ed Dec Rev $750M Below Costs, Not $750 So Calif Edison Says Dec Rev $750M Below Power Costs So Calif Edison: Calif Prices 'Unconscionably High' So Calif Edison Disappointed With Appeals Court Ruling So Calif Edison: Court Denied Writ Of Mandamus Petition Detroit Edision Gets Mich. OK That Enables 5% Rate Cut RPT: Detroit Edison Gets Mich OK That Enables 5% Rate Cut So Cal Ed No Longer Purchasing Through Cal PX Detroit Edison Gets Mich. OK For $1.77B Securitization California Electricity Crisis Sends Jolt To Bank Lenders PG&E/Credit -3: Believes It Can't Issue Comml Paper Summers To Attend Meeting On California Power Woes PG&E/Credit Facility -2: Has 90 Days To Raise Rating PG&E Has 90 Days To Raise Rating Or Will Be In Default PG&E Downgrade Triggers Cure Period On Credit Line CORRECTION: `C` Rating Signals Default A Real Possibility PRESS RELEASE: Caithness Coso Funding On Fitch Watch-Neg Caithness Coso Funding Put On Fitch Watch-Negative Moody's Downgrade Buys Time For Calif. Utilities Bank Of Amer -4: Calif. Utilities Likely Prompted Rumors US Mulls Revising Nuclear Power Pact With N Korea- Nikkei Sen. Schumer Joins In Demanding Con Ed Shut Indian Pt 2 PRESS RELEASE: Pacific Gas & Elec Cut By S&P On Watch-Dn Bank Of America Resumes Trading; Down 4.9% >BAC PRESS RELEASE: Edison International Downgraded By Moody's Bank Of America: Conducting 'Business As Usual' >BAC PRESS RELEASE: PG&E Corp, Pac Gas & Elec Lowered: Moody's Bank Of America Not Immediately Available For Comment Bank Of America Dn 8% On Talk Of More Credit Problems Bank Of America: No Big Trading Or Derivative Losses>BAC Bank Of America: Comfortable With '01 Credit Guidance Southern California Edison Downgraded By Moody's Bank Of America -2: Trading Still Halted On Stock >BAC Bank Of America: 'No Basis To Support Rumors' >BAC PRESS RELEASE: Edison Funding Sr Debt Downgraded: Fitch Edison Funding Senior Debt Downgraded To CCC: Fitch SCE&G:1,000-MW Summer Restart Postponed To Mid-Late Jan Allegheny Energy Unit To Build $400M Power Plant In Ind. US Weather: Snow In Northeast, Rain In Pacific Northwest Lawmaker Expected To Unveil Bond Bill To Aid Calif Utils REPEAT&CORRECT: Calif PUC OKs 1C/KWH Rate Hike For Utils Summit Meeting On Calif Power Crisis Seen Next Week 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 California Power Crisis Deepens Preferred Issues: Energy Woes In Golden State May Zap Banks S&P Comments on Calif. Public Utility Commission Action Alcoa Adjusts Power Delivery to Its Two Smelters in The Pacific Northwest, Cuts Production Precipitation helps energy crunch in U. Washington area-(U. Washington) CP&L Nuclear Plants Set Seventh-Consecutive Generation Record in 2000 Clinton's 'Environmental Legacy' Leaves Behind Legacy of Energy Problems According to The National Mining AssociationRoadless Proposal Denies Access to Known Energy Resources California Utility Woes Seen Sending Jolt to Banks' Loan... Carbon Energy Corporation Closes Sale of San Juan Basin Natural Gas Property Mdu Resources Announces the Acquisition of Capital Electric Companies Piedmont Natural Gas Forecasts High Heating Bills in January Explosion Cuts Power Azcentral.com - Calif. Utility Shares Hold Slight Gains Fitch Places Juniper Generation Llc on Rating Watch Negative Pacific Gas & Electric-related Calif bonds ratings cut - S&P STOCKWATCH Bank of America lower on concerns over California utility debt Fitch Places CE Generation Llc on Rating Watch Negative Top Energy Summaries - Friday, January 05, 2001 - 2:11 PM Thermal Energy Storage Helps Cut Energy Bills Energy Panelurges Gradualderegulation New Comprehensive Energy Management Program Helps Fight Heat Cost Hike Repeats: Energy Volume And Open Interest Totals-Jan 5 Energy Update/Los Angeles Department of Water And Power Daily Energy Update for Friday, Jan. 5, 2001: Top Energy Summaries - Friday, January 05, 2001 - 12:04 PM Investors' Alert Announces Investment Opinion on Energy Search Inc. S&P Lowers Pacific Gas/Electric, CA Related Issues to BBB- New York And New Jersey Have Highest Natural Gas Prices Nationwide, According to Platts Utility Partners Wraps Up 2000 Fuel Cell V.P. Files Form 144, to Sell Shares US Calif Puc Okays Expected Interim Utility Rate Hike AG Requests Power-Deregulation Delay Statoil Plans to Expand Into Other Energy Sectors U.S. Energy Corp. And Crested Corp. Receive $1.625 Million in Cash from Kennecott under Terms of Previously Announced Agreement Smud Gets Low on Hydro: Rates Could Increase If Dry Spell Continues Roll Coater Initiates Temporary Surcharge in Response to Natural Gas Price Hike Seventh Energy Ltd. Completes Flow Through Financing Helios Energy Gets Patent Approval Top Energy Summaries - Friday, January 05, 2001 - 9:24 Am Seventh Energy Ltd - Completes Flow Through Financing Allegheny Energy Subsidiary to Construct $400-Million Power Plant in Indiana - 630-Mw Merchant Facility to Be Built in Stages Beginning in 2002 Azcentral.com - Post: Clinton Seeks Calif. Power Meeting Electric Fuel Set to Ship Instant Power(TM) Charger for Cellphones - The First Product That Instantly Revives Dead Cellphones without Electricity US Press: White House Calls Summit on California Power Crisis Tiger Natural Gas, Inc. Selects Ensite Safari Suite Software Top Energy Summaries - Friday, January 05, 2001 - 7:38 Am Does Cupertino Electric Have the Power? When the Going Gets Tough, Energy Policies Get Attention Energy Emergency Eases Natural Gas Prices Shoot Up Georgia Rates Giving Consumers the Chills N.C.'s Electric Utility Deregulation Committee Has Tar on Its Heels Narragansett Electric Zaps Biggest Users Our Views: Power; Air Pollution Is a Problem, But So Is Freezing in the Dark ---------------------------------------------------------------------- I N T E R N A T I O N A L ---------------------------------------------------------------------- Access stories online at: http://www.powermarketers.com/pma-intr.htm Energy-Cuba: the Dream of Self-Sufficiency Pemex Hikes Natural Gas to 9.65 Dollars Per Million Btus Department of Energy Secretary of Energy Advisory Board Top Energy Summaries - Friday, January 05, 2001 - 4:52 PM WORK BEGUN TO REPAIR ELECTRICAL TOWERS DESTROYED BY FARC Brazil: Celpe Invests in Electric Power Services Brazil: Mpe to Construct Thermal Electric Facility to Petrobras Stuart Energy Systems Corp - Receives Additional Orders for Packaged Hydrogen Generators Consol Energy Completes Canadian Acquisition Daytona Energy Corp - Farmout of Petroleum Exploration Permit Ep412 - Carnarvon Basin, - Australia Power Firms to Up Inspection of Spent Nuclear Fuel Containers Rolls-Royce wins 10 mln usd power generation contracts in Spain, Bangladesh Vietnam eyes late January for 1 billion dollars in power plants Malaysian Power Supply Market Must Be Managed: Tnb China: Foreign Investors Keen on Energy Projects Rolls-Royce Wins $10m Power Contracts China's Shandong Coal Mine Goes Into Production Enterprise unit wins 3 mln stg/yr, 3-yr cable contract with Northern Electric Lucrative Power Play May Bring Pollution Back Home Clp Makes $832m China Power Play Natural Gas Market Crisis Matsushita Electric Works Develops New Garbage Processor Huaneng Power Generation Rate Up 16.7pct in 2000 CLP secures approval to buy stakes in 3 China power stations for 888 mln yuan ---------------------------------------------------------------------- KRT DAILY ENERGY NEWS ---------------------------------------------------------------------- Access stories online at http://www.powermarketers.com/pma-krt.htm Soaring Heating Costs Prompt Officials to Review Illinois Utilities' Purchases Chicago Tribune David Greising Column US West Retirees Say Broadband Internet Company Withheld Benefit Information California Regulators Grill Electric Utility; Activists Oppose Big Rate Hike Utilities Condemn Emergency Rate Hike Plan in California Parent of Raleigh, N.C.-Based Power Company CP&L Shops Two Units North Carolina Commission to Abandon Plan to Deregulate State's Power Market Tribe Takes Plunge Into Operating Southern Oregon Utility Pending Power Grab Has Utilities Shuffling in Kennewick, Wash., Area Northwest Power Officials Keep Close Guard of Hot Commodity Philadelphia Gas Works to Ask Utility Panel for $65 Million Base Rate Raise The Orange County Register, Calif., Jonathan Lansner Column Consumer Advocates Doubt a California `Ratepayer Revolt' Over Energy Prices Orange County, Calif., Businesses Prepare for More Energy Rate Hikes Public to Scrutinize Fuel-Rod Disappearance at Connecticut Nuclear Plant Small Connecticut Companies Struggle to Fill Job Positions Wausau, Wis.-Duluth, Minn. Power Line Plan to Get Technical Hearing Member of Texas Utility Commission Departs for Bush Advisory Team Eugene, Ore., Power Company Plans to Raise Electricity Rates California Governor, Federal Government Toughen Stances on Power Costs Coal Shipments from Superior, Wis., Terminal Increase Again Colorado Watchdog Group Asks to Delay Proposed Natural Gas Rate Hikes Storms Are Brewing Over Incoming Energy Secretary Environmental Group Drops Opposition to Athens, N.Y., Power Plant ---------------------------------------------------------------------- REUTERS ---------------------------------------------------------------------- Access stories online at: http://207.32.82.57/news/ElectricPower.html 01/07/01 Telewest mulls merger with Thus - paper 01/07/01 WRAPUP 1-Officials seek fix for Calif. power crisis 01/07/01 Czech nuclear plant shuts down again after glitch 01/07/01 E.ON declines comment on report it eyeing PowerGen 01/07/01 India asks state to find ways to pay Enron dues 01/07/01 FACTBOX -Key facts about California utilities 01/06/01 Spain's Dragados wants to buy Amper stake-report 01/06/01PowerGen seen as a target for E.ON - paper 01/06/01 CHRONOLOGY-Key developments in California power crisis ********************************************************* 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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