Message-ID: <30081506.1075841868700.JavaMail.evans@thyme> Date: Tue, 9 Jan 2001 14:45:00 -0800 (PST) From: pmadpr@worldnet.att.net Subject: PowerMarketers.com Daily Power Report for 10 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 9) CALIFORNIA GOVERNOR SAYS HE BACKS REPLACING ISO BOARD Labeling electricity deregulation "a colossal and dangerous failure," California Gov. Gray Davis advocated during his State of the State speech Monday evening increasing state control over the supply, sale and distribution of electricity. http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/ 01/09/eng-djn/eng-djn_114034_102_563739151228 CALIFORNIA LAWMAKERS: NO SECURITIZATION PLAN OR BAILOUT SEEN Leading California state legislators said Tuesday that they are looking at several proposals to secure future electricity supplies, but they have no intention of taking responsibility for the nearly $12 billion in power costs the state's investor-owned utilities have failed to collect since May. http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/ 01/09/eng-djn/eng-djn_190033_203_743463011924 CONNECTICUT REGULATORS TO APPROVE MILLSTONE SALE TO DOMINION Connecticut's Department of Public Utility Control said Tuesday it will approve the sale of the three-unit Millstone nuclear power plant to Dominion Resources Inc. (D) for $1.3 billion. http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/ 01/09/eng-djn/eng-djn_202023_90_8171771233901 POWER STRUGGLE LOOMS FOR NEW JERSEY Being able to shop for electricity was supposed to save Californians money -- but it hasn't. http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri dder/2001/01/09/krtbn/0000-0424-PO-UTILITY UTILITIES AND ENERGY COMPANIES TURN TO EXCHANGES -- NEW ENERGY MARKETPLACES SEEK TO DRIVE EFFICIENCIES IN HOPES OF LOWERING COSTS Heating oil shortages in the Northeast, potential electrical brownouts in California, and high gasoline prices nationwide are front-page news these days. http://199.97.97.163/IMDS%PMANAT0%read%/home/content/users/imds/feeds/comtex/2 001/01/09/cp/0000-1584-KEYWORD.Missing ---------------------------------------------------------------------- DOW JONES NEWSWIRES ---------------------------------------------------------------------- Access stories online at: http://199.97.97.79/IMDS|PMADJN0,PMADJN1,PMADJN2,PMADJN3,PMADJN4|index Conn Regulators To Approve Millstone Sale To Dominion USDA Proposes New Repayment Rules For Utility Borrowers Calif/Lawmakers -2: Focus On Long-Term Supply Contracts US Asks Court To Consolidate Nuclear Waste Damages Suits Calif Lawmakers: No Securitization Plan Or Bailout Seen Venezuela WLL License Auction Goes Into New Round Wed PRESS RELEASE: S&P On Davis Comments On Calif Util Crisis PRESS RELEASE: S&P: MM Funds Unthreatened By CA Utilities Money Mkt Funds Not Threatened By Calif. Utilities - S&P Moody's: Solution Seen For Calif Utils Despite Gov Speech Illinois Power Officially Joins Alliance RTO Grid Group Calif. Water District Sues To Stop New Division of River MVV, IES, Enel Unit Acquire 66% Of US Solar Power Co EPV Calif Utilities -2: Officials To Meet In Washington Tue N.Y. Assemblyman Tonko Renewed As Energy Committee Chair NEI: Nuclear Production Costs Lowest Of All Elec Sources Calif Utils Dn; Gov. Plan Seen Falling Short >EIX PCG Calif Gov. Plan Fails To Provide Short-Term Fincl Relief Revised Palo Verde Futures Vol. Jan. 08, 22 Calif Gov Says He Backs Replacing ISO Board WHITE HOUSE WATCH: Chavez Nomination Hits Speed Bump Scottish Power's Deputy Chairman To Retire In July >SPI Cogentrix: No Plans To Return To India Pwr Sector >X.CGX REPEAT: Calif Gov Says He Backs Replacing ISO Board Calif Gov -2: No Mention Of Bond Issue For Power Losses 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 Stage 2 Electrical Emergency Declared; Voluntary Curtailment Program Begins for Some Customers Ohio Power Agency Sells $52 MillionOf Bonds to Boost Peaking Capacity Davis Offers No Short-Term Fix To California Energy Crisis California still in midst of power crisis-(U. California-Los Angeles) California Pleads for Energy Help Clinton Seeking to Avoid Calif. Utility Bankruptcy: Source Gov't Admits Gas, Electric Hikes Inflationary Nicor Gas Announces Fourth Year of Customer Select Program(R)Voluntary Program Allows Customers to Choose Natural Gas Supplier Energy Update/Los Angeles Department of Water And Power Daily Energy Update Tuesday, Jan. , 2001 Piedmont Natural Gas And Duke Power to Explore Joint Projects Aes Newenergy Files for Certificate to Offer Retail Electric Service in Texas National Oilwell Acquires Integrated Power Systems Energy Update/Los Angeles Department of Water And Power Daily Energy Update Tuesday, Jan. 9, 2001 Southwestern Energy And Energen Resources Form Exploration Alliance in New Mexico Wesco International Expands Its Public Power Utility Capability General Electric Employee Files Form 144, to Sell Shares Ivanhoe Energy And Aera Energy Llc to Test Potential California Gas Discovery Energy Channel http://www.Buildings.com - Presents Bottom Line Energy Issues Editorial The Price of Restoring Power Can Biomass Be Transformed Into New Energy Source for New Century? Repeats: Energy Volume And Open Interest Totals-Jan 9 Carpenter Announces Energy Surcharge Southern Energy Enters Tolling Agreement with Thermo Ecotek to Help Ease Power Shortage in California KN Energy Dispute Going to Trial Governors Announce Emergency Energy Conservation Strategies; Energy Roundtable Scheduled Department of Agriculture Rural Utilities Service Arkansas Electric Cooperative Corporation; Notice of Finding of No Significant Impact S&P Maintains MM Fnd Rtngs After CA Utility Downgrade Uqm Power Products Unit Receives $1.6 Million Order for Aerospace Gears from Honeywell Record Cold Winter Played Major Role in Higher Natural Gas Bills; Natural Gas Supplies Adequate to Meet Needs Cambridge Students Save Energy E Source Asks: Will Undoing Deregulation Undo the Energy Distribution Company? Nrg Energy, Inc. Has Scheduled An Nrg Corporate Update Conference Call Top Energy Summaries - Tuesday, January 09, 2001 - 12:18 PM Morning Begins with Stage One Electrical Emergency; Outages + Slim Imports + Transmission Constraints = Low Reserves SDI Divests All Activities Not Related to The Energy Sector Electrabel set to enter Italian electricity market with new power plant TVA Launches $1 Billion 10-Year Global Power Bond Offering New Assembly Panel to Probe Power Crisis Cause, Draft Remedies Davis Offers Power Fix: He Urges Greater State Role to End 'Energy Nightmare' Rising Power Costs Hit School Districts Allegheny Technologies Signs Energy Management Agreement with Dukesolutions Mayors Push Icc to Probe Natural Gas Price Jump Proctor Power Systems Teams with Control Wiring, Inc.; Partnership Will Broaden Expertise Nuclear Energy Surpasses Coal-Fired Plants As Leader in Low-Cost Electricity Production, Says Nei Utilities Hail Davis' Power Plan in Calif. Customer Management for the Energy Industry Conference Announced; Strategic Research Institute Announces Technology Conference in Electric Utility Industry CP&L And Ncng Say Record Cold And Natural Gas Price Spikes to Drive Up Winter Utility Bills Unique Mobility's Power Products Unit Receives $1.6 Million Order for Aerospace Gears from Honeywell Top Energy Summaries - Tuesday, January 09, 2001 - 9:05 Am Enporion Chooses Tampa for Permanent Headquarters; Tampa Welcomes Arrival of New Energy E-Marketplace Comverge Technologies, Inc. Announces $2.1 Million Orders; Some Utilities Getting Head Start for 2001 Power Shortages Ivanhoe And Aera Energy to Test Potential California Gas Discovery Utilities And Energy Companies Turn to Exchanges -- New Energy Marketplaces Seek to Drive Efficiencies in Hopes of Lowering Costs Adx - Advanced Data Exchange Announces a Strategic B2b Relationship with American Electric Power; Adx Solution to Enable B2b E-Commerce for The Utility's Mid-Size Suppliers Top Energy Summaries - Tuesday, January 09, 2001 - 7:53 Am Satcon's Technology Center Selected for Development of High-Power Shipboard Power ConvertersSatcon to Develop High-Power Converter Assemblies for The U.S. Navy's Next Generation of Modern "All-Electric" Ships under A Planned $2.7 Million Subcontract. Texas Utility Marketing Databases Updated to Incorporate Competitive Market Rules Skyrocketing Natural-Gas Bills Spark Protest How the US Could Find Its Grip on Power Slipping Away Bidding Up Power Prices Power Hungry in California ---------------------------------------------------------------------- I N T E R N A T I O N A L ---------------------------------------------------------------------- Access stories online at: http://www.powermarketers.com/pma-intr.htm N. Korea Seeks Alternative Energy Top Energy Summaries - Tuesday, January 0, 2001 - 4:51 PM 2000 Safety Program for Armenian Nuke Power Plant Is Met. Turkey: Businessman Detained in State Power Company Corruption Probe Environment-Friendly Power Plant Settled in Sichuan Yunnan Develops Solar Energy STOCKWATCH: Scottish Power shares up on bullish note from UBS Warburg State Energy Costs Chill Intel; Folsom Ok E.ON Energie to intensify activities in Poland, willing to buy power plants Localised Energy Systems to PRODUCE Clean Electricity UK Government: Advance Energy Statistics FX Energy Reports Tuchola 108-2 Flows 9.5 Mmcf Per Day on Preliminary Test Poland to sell majority stakes in power companies: official Philippine Energy Department expects more petroleum price cuts Will Hold a Public Hearing in January on Certain Preliminary Matters Regarding The Sumas Energy 2. Inc. Application to Construct An International Power Line General Electric Launches China-Developed Cat Scanner Oman Govt to Award 4th Private Power Plant Project End Jan Sanyo Electric to Supply Ford with Hybrid Vehicle Batteries World Bank to Help Pakistan Improve Power, Gas Sectors Waste Not: China's First Trash-Burning Power Plant Starts Operation ---------------------------------------------------------------------- KRT DAILY ENERGY NEWS ---------------------------------------------------------------------- Access stories online at http://www.powermarketers.com/pma-krt.htm West Virginians Urge Lawmakers to Postpone, Cancel Electric Deregulation More Wilkes-Barre, Pa.-Area Gas Customers Seek Heating Aid Southern California Edison to Lay Off 13 Percent of Its Workforce Washington State Governor Turns Up Heat on Saving Power Seattle City Light Awaits Approval of Another Rate Increase Power Struggle Looms for New Jersey Utility Cuts Off Service to Delinquent Cairo, Ill., Customers Paducah, KY.-Area Power Suppliers Disconnect Delinquent Customers Owensboro, KY., Residents to Examine Plan for New Drainage System Big 'Ifs' May Be Enough to Squelch Leesburg, Fla., Power-Plant Plan Virginia-Based Dominion Resources to Help Search for Missing Nuclear Fuel Rods Report Links New England Power Plant Shutdowns, Rising Rates Neighbors Wary of Three Proposed Power Plants in South Florida Xcel Energy Seems Reluctant to Invest in Wind Power in Colorado Colorado Regulators Approve Utility's Gas Price Hike, Launch Inquiry Closure of Jefferson County, Colo., Natural Gas Storage Facility Nears Ok California Utilities Seek Ways to Survive Energy Crisis Competition, High Energy Prices Wreck Utility Companies in Western New York Buffalo, N.Y.-Area Civic Employment Group Hurts from High Gas Bills -Lack of Donations Brings End to Kentucky Utility Assistance Program -Utilities Consumer Advocate Named at Georgia Public Service Commission ---------------------------------------------------------------------- REUTERS ---------------------------------------------------------------------- Access stories online at: http://207.32.82.57/news/ElectricPower.html UPDATE 1-Utilities stocks falter on California woes Turkish EGS eyes ports, power expansion UPDATE 1-Alcan to cut back Kitimat output NRG Energy moving to expand financing flexibility PRESS DIGEST - Washington Post business - Jan 9 WRAPUP 2-California power crisis moves to Washington Canada spot gas prices mixed in light trading FACTBOX-Utility execs, regulators huddle on power crisis UPDATE 1-NRG Energy to expand flexible financing UPDATE 1-Maharashtra says to help utility meet Enron dues New Issue-TVA sells $1 bln 10-yr power bonds Magnum Hunter stock surges on preferred exchange Alcan to shut Kitimat pots instead of potline S&P comments on Calpine earnings report California credit observers cool on Gov. Davis speech S&P comments on Davis speech on Calif utility crisis Brazil kicks off Copel utility privatization Allan Leighton joins Scottish Power board UPDATE 2-Clinton administration meets on Calif power crisis Piedmont, Duke energy to explore joint projects Greenpeace warns of French nuclear fuel shipment Spanish stocks end down on BSCH, utilities firm Conn. OKs Northeast Millstone nuke sale to Dominion S&P says Davis speech bodes ill for Calif utilities ********************************************************* 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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