Message-ID: <26658265.1075841868771.JavaMail.evans@thyme> Date: Thu, 11 Jan 2001 15:18:00 -0800 (PST) From: pmadpr@worldnet.att.net Subject: PowerMarketers.com Daily Power Report for 12 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 11) WASHINGTON CALIFORNIA POWER TALKS HUNG UP ON FORWARD-CONTRACT TERMS White House-brokered talks to resolve California's electricity crisis were hung up Wednesday on the terms of long-term power deals being negotiated between the state's two largest utilities and generators, persons close to the talks said. http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/ 01/11/eng-djn/eng-djn_010028_105_512227392755 OFFICIALS LOOK TO WHOLESALE POWER SUPPLIERS FOR HELP IN ENERGY CRISIS Representatives of the Clinton administration, California Gov. Gray Davis' office and California's biggest power companies continued to work yesterday to solve the state's electricity crisis. http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri dder/2001/01/11/krtbn/0000-0481-WT-ENERGY-CRISIS TEXAS ELECTRIC UTILITIES SAY STATE ON TRACK WITH DEREGULATION An association of Texas' largest electric utilities remains committed to the state's plan to inject competition into Texas' $19 billion a year retail power market. http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/ 01/11/eng-djn/eng-djn_140034_79_039338498842 PACIFICORP TO BUY, SELL WIND FARM ELECTRICITY PacifiCorp announced Wednesday that it has agreed to purchase all the output of a 450-turbine wind farm to be built southwest of Walla Walla straddling the Oregon-Washington border. http://199.97.97.163/IMDS%PMANAT0%read%/home/content/users/imds/feeds/tricityh erald/2001/01/11/eng-tricity_news/eng-tricity_news_061310_70_6640397640876 BRITISH ENERGY REGULATOR SEEKS TO IMPOSE CONDITIONS ON ELECTRICITY GENERATORS Energy regulator Ofgem is considering introducing a market abuse condition into electricity generators' licences just weeks after the Competition Commission threw out a similar clause. http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri dder/2001/01/11/krtbn/0000-0393-SU-ELECTRIC ---------------------------------------------------------------------- DOW JONES NEWSWIRES ---------------------------------------------------------------------- Access stories online at: http://199.97.97.79/IMDS|PMADJN0,PMADJN1,PMADJN2,PMADJN3,PMADJN4|index Tauzin Realigns Commerce Committee; Eyes Energy Policy Ameren Corp. Estimate -2:First Call Yr Net View $3.29/Shr Puget Sound: Price Rise Covers Costs To Buy Gas Supplies Puget Sound Unit To Raise Prices An Avg 19.4c/Therm Puget Sound Energy: Wash. Agency OKs Gas Adjustment Hearing Date Set For CalPX Request To Stay FERC Remedies Ameren Corp. Estimate -3: Had Expected Yr Net $3.25-$3.35 AES Corp. Names Gluski CEO Of Gener S.A. Unit>AES Amer Electric Power/Enron -2: Deal To Close In 2Q >AEP Duke Energy Conf. Call -5: Doesn't See Seizure Possible Amer Electric Power To Buy Houston Pipe Line From Enron Entergy Mississippi Files $540M Debt Securities Shelf Green Mtn Talks -2: To Resume When Fedl Mediator Calls Ameren Corp. To Take $15M Chg, Or 11c/Shr In 4Q >AEE Alliance RTO Cool To MW ISO Merger Despite FERC Comments FERC Delays Enforcement On New England Capacity Charges Duke Energy Conf. Call -4: 'There Is A Solution' -Exec Green Mountain: Talks With Mediator Fail To End Strike Green Mountain: No Further Talks Are Scheduled >GMP Green Mountain: Union Still Rejects Co.'s Jan. 4 Offer Green Mountain: Second Shift Is Major Point Of Contention Duke Energy Conf. Call -3: Delay Payments Weeks, Not Mos Northwest Cos Feel California Chill,Step Up Conservation LADWP To Cut Pwr Sales To Cal-ISO Unless Paid In Cash CORRECT:DOE Calif Pwr Order Expired Wed At Midnight PST Gener Chile To Concentrate Investment On Chile Energy Mkt PG&E CEO -2: Says Raising Rates In State's Interest >PCG Texas Elec Utils Say State On Track With Deregulation DOE Mulls Extending Calif Pwr Order As Demand Curbs Seen PG&E Shares Down 8.8% Following Dividend Cut >EIX PCG PG&E CEO Sees Bankruptcy By Feb. 1 Without Intervention PG&E:2,200-MW Diablo Canyon 1&2 Seen At Full Power Thu Revised Palo Verde Futures Vol. Jan. 10, 15 ABB Price Drop On CEO Comments Seen As A Buy Opportunity Bell Canada Venezuela Unit $3.8M Bid Leads In WLL Auction ABB's New CEO Launches Change Program, But Market Wary ABB's CEO: Decision Made On US Listing, No Details Now ABB CEO -2: Some Markets Not That Promising ABB CEO Says Outlook For 2001 Revenues Mixed ABB CEO: Some Costs From Mgmt Time Tied Up ABB CEO: Some Costs, But No Charge From Revamp REPEAT:HEW 2000 Sales Vol Jumps 70%; Pfts,Revenues Flat ABB -5: To Present Results According To Old Structure KBC/Electrabel Upgrade -2: Fallen To Attractive Levels ABB -3: No Restructuring Costs To Be Incurred ABB -2: Four Customer Units To Replace Present Structure ABB Sets Organizational Realignment Around Customers HEW 2000 Sales Vol Jumps 70%; Profits, Revenues Flat Con Ed Says It May Have Rushed Indian Point 2 Restart Wash. Calif Pwr Talks Hung Up On Forward-Contract Terms 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 01/11 Senate Asks For Hearing With Energy Secretary Weekly Power Update Calif. ISO: More Power Resources Helping to Avoid Outages Epoch Maintains Power for California E-Businesses Competition in Electric Market Urged Study Panel Chief Advocates Letting in Out-of-State, Independent Companies CGA Emergency Energy Conservation Program Continues As Cal-ISO Issues Stage 3 Emergency Conn. Bank Seeks to Thrive Where Calif. Failed in Energy 01/11 NatGas Bubble To Burst In May: Energy Sec'y Richardson Renews Calif. Power Order Global Green USA Responds to Energy Crisis; Organization Joined by Cities in Advocating An Environmentally And Economically Sound Blueprint for Energy Reliability Duke Energy North America's Call with Financial Analysts Available to Media Mazda to release fuel cell-powered vehicle in 2005: president Utilities Commission Confirms Puget Sound Energy Natural Gas Adjustment Pacific Storms Intensify California Power Crisis Top Energy Summaries - Thursday, January 11, 2001 - 4:54 PM American Electric Power to Purchase Houston Pipe Line from Enron Call-in Number Changed for Media Teleconferences; Power Reserve Level Remains Dangerously Low Today Bridge Update-Commodities: Natural Gas, Corn, Soybeans Sink Ppl Energyplus And Pencon Enter Energy Services Agreement A.I.M. Applauds Action on Power Fees Wscc Power Market Analysis And Price Forecast Service Rapidly Changing Competitive Advantages in the West Duke Energy Working to Return Moss Landing Power Plant to Service Energy Commission Offers Consumers a 'High Five' to Save Energy Beaver Valley Power Station Posts Strong Performance National Press Club: Expert to Address Electric Power Shortfalls, Regulation Issues Contacts: Mark Stultz of The Electric Power Supply Association World Energy Exchange Surpasses $30 Million in Energy Sales; New Milestone Achieved in Less Than 45 Days After Launch of Wexch.Com Energy Transaction Hub Top Energy Summaries - Thursday, January 11, 2001 - 2:02 PM Natural Gas Prices Propel Bank of Montreal Commodity Price Index to Record Level - Homeowners And Businesses Feeling The Bite Duke Energy: Nuclear Stations Eclipse Company Records U.S. Unit of Abb to Provide Tenaska Power Services CO. Energy Trading And Management System for Texas Market Genesis Energy L.P. Announces Quarterly Distribution Repeats: Energy Volume And Open Interest Totals-Jan 11 Progress, Warning in State Energy Fight Daniel Weintraub: Not Enough Power in Davis' Energy Proposals Capital Team Nears Key Tests on Power-Making System Modesto Council Passes Over Energy-Crisis Resolution For California Tech Companies, ONSITE Power Could Mean Grid Freedom"Electricity Crisis Need Not Drive Tech Industry Out of State," Says Sure Power CEO Stage Three Electrical Emergency Declared; No Rotating Blackouts at This Time, But Outages May Be Imminent NY Natural Gas: Sharply Lower on Warm Weather Forecasts Top Energy Summaries - Thursday, January 11, 2001 - 12:03 PM Duke Energy to Hold Conference Call Today at 2 P.M. ET Energy Update/Los Angeles Department of Water And Power Daily Energy Update for Thursday, Jan. 11, 2001 Dominion's Nuclear Units Set New Generation Record in 2000 Electrical Isolationism: An Ayatollah-Style Solution to California's Energy Crisis California's Mistakes Because the Golden State's Electricity Dilemma Isn't Related to True Utility Deregulation, There's No Lesson There to Establish A Connection with Georgia's Natural Gas Deregulation. Washington Group Provides Engineering for Kinder Morgan Power Plants in Arkansas And Michigan Maine Gets Power Rate Hearing Green Mountain Energy Company Brings Cleaner And Renewable Energy to Connecticut CustomersNation's Leading "Green" Energy Company Flips Switch on Connecticut Business And Introduces Innovative Customer Rewards Program Panda Energy to Construct $400 Million Power Plant in West Point; $2. Million Added to Tax Base Senior Citizens Unimpressed with Electricity Deregulation, According to Study by Power Perceptions Top Energy Summaries - Thursday, January 11, 2001 - :12 Am Entergy to Hold Press Conference to Discuss High Utility Bill Solutions Top Energy Summaries - Thursday, January 11, 2001 - 7:44 Am H Power Narrows Loss Power Fees Put on Hold Pud, Businesses to Look at Energy-Saving Option PacifiCorp to Buy, Sell Wind Farm Electricity Epoch Internet Eases Concerns for Businesses During California's Power Crisis Texas Ripe for Competition in Electric Industry; `Stay The Course' According to New Study High Natural Gas Prices Not Always a Drain Potential Power Privatization Advisors Short-Listed Natural Gas Cost to Go Up by 26% Azcentral.com - California Power Talks Run On Pinnacle West Rules Power-Unit Stake Out California Governor Has New Role: Power Guy ---------------------------------------------------------------------- I N T E R N A T I O N A L ---------------------------------------------------------------------- Access stories online at: http://www.powermarketers.com/pma-intr.htm US Energy Secretary Richardson due in Riyadh Saturday Kenya Power And Lighting Company Recovers Sh16 Million Enters Final Stage of Selection Process for San Cristobal Power Supplier Greenvolt Power Apppoints Supervisor of Research And Development; New Manufacturing Facility Being Prepared for Commercial Production of Alkaline Fuel Cell Unit Indian Government: Ministry of Non-Conventional Energy Sources to Help Lucknow Generate 5 Mw Power from Garbage Indian Government: Power Minister Lays Foundation Stone for Ntpc`S Ramagundam 500 Mw Unit Merger Sees Birth of Power Giant Ebrd Mulls Over Russian Energy Plan Nuclear Power Plant Use in S Korea Reaches Record High in 2000 Indonesia Begins Supplying Natural Gas to Singapore Alstom Secures Power Contract ---------------------------------------------------------------------- KRT DAILY ENERGY NEWS ---------------------------------------------------------------------- Access stories online at http://www.powermarketers.com/pma-krt.htm Officials Look to Wholesale Power Suppliers for Help in Energy Crisis Experts Say California Electricity Debacle Won't Happen in Washington-Area North Carolina's Duke Energy, Piedmont Gas Consider Joint-Working Agreements German Energy Group Lines Up Bid for United Kingdom's Powergen British Energy Regulator Seeks to Impose Conditions on Electricity Generators California Utility Can't Pay Stockholder Dividend, May Cut Off Natural Gas California Democrats to Propose Legislation to Overhaul Electricity System West Hollywood, Calif., Considers Forming Public Utility California Consumers May Not Heed Governor's Call to Conserve More Energy California Governor Announces Budget Proposal for Electricity Industry Rescue Meeting Yields `Progress' in California Electricity Crisis Scientists' Electricity Research Culminates in Final Testing in Davis, Calif. California Electric-Utility Bankruptcies Could Lead to Blackouts Philadelphia-Area Residents Face Higher Heat Bills Colorado Economist Addresses Impact of Rising Energy Costs Industry Shares Soar After Sale of Idaho Utility to Investor Giant Correction: Industry Shares Soar After Sale of Iowa Utility to Investor Giant The Orange County Register, Calif., Jonathan Lansner Column Closure of Nuclear Fuel Plant Doesn't Deter More Waste Sanitation Arkansas Ice Storm Cruel to Poorly-Maintained Electric Lines Federal Energy Regulators Retreat on Electric Price Increase in Massachusetts Two Officials at Utility Group Scottishpower to Step Down in July California, Federal Officials Attempt to Prevent Utility Company Crisis California Examines Policy Options Amid Energy Crisis Hydropower Threatens Nation's Rivers California Electricity Crisis Threatens Natural Gas Supplies ---------------------------------------------------------------------- REUTERS ---------------------------------------------------------------------- Access stories online at: http://207.32.82.57/news/ElectricPower.html UPDATE 2-Diablo Canyon plant hit by ocean swell delay Calif. ISO declares stage 2 power emergency for Thurs. Fitch may still cut Empire District Electric S&P rates Tennessee Valley Authority bonds AAA U.S. natural gas prices set record high in December UPDATE 3-Talks try to map way out of Calif power mess Ukraine aluminium plant sell-off stalled UPDATE 1-Rain, winds batter California coast, knock out power Mutual funds report exposure to Calif. utilities Entergy Miss. files to sell mortgage bonds, debt securities UPDATE 2-Calif. set to shut off power for up to 1.5 mln UPDATE 1-California orders highest-level power emergency Ameren to take Q4 charge, raises earnings estimate UPDATE 1-Utility stocks suffer more losses in power crisis Richardson sees possible delay in Calif power deal Canada natgas tumbles on warm weather outlook Power technology stocks rise on California concerns UPDATE 1-Fed's Santomero-Calif. energy crisis a local problem INTERVIEW-French power regulator wants prices to drop UPDATE 1-Richardson says Calif power deal may take time Portugal shares rise on telecoms, utility demand UPDATE 1-U.S. deregulation spurs growth in energy services UPDATE 1-PowerGen rated neutral, but bid hopes remain UPDATE 2-NRC will not stop power rise at Indian Pt NY nuke N.J. Sen. seeks hearings to review energy deregulation World Bank blocks energy sector loan to Senegal AEP buying 4,400-mile Texas pipeline from Enron UPDATE 3-Diablo Canyon plant hit by ocean swell delay PG&E utility unit to cut jobs, services to save $180 mln UPDATE 1-US govt orders firms to sell electricity to Calif. ********************************************************* 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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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: 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, (1) point your browser to "The PMA OnLine Power Report" subscription services form at http://www.retailenergy.com/pma/dprreg.htm OR (2) , send a message to pma@powermarketers.com. 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