Message-ID: <26867611.1075841869141.JavaMail.evans@thyme> Date: Thu, 25 Jan 2001 13:28:00 -0800 (PST) From: pmadpr@worldnet.att.net Subject: PowerMarketers.com Daily Power Report for 26 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. 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 ************************************************************************ ------Advertisement------ POWER CRUNCH IN THE WEST February 12-14, 2001 SAN DIEGO, CA Early Bird Special till January 26! (See brochure) http://www.pmaconference.com/crunch.pdf Get a serious understanding of the latest developments in California and throughout the West that you just can't read about in the newspapers from the key people directly tackling these issues, including: - Senator Deborah Bowen, Chair of the California State Senate Energy, Utilities, and Communications Committee - Loretta Lynch, President of the California Public Utilities Commission - William Keese, Chair of the California Energy Commission - Stephen L. Baum, CEO of Sempra Energy Corporation - Curtis L. 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For valuable sample research, go to: ************************************************************************ --------------------T O P S T O R I E S-------------------- Top Stories (January 25) ENERGY STARVED CALIFORNIA CRAFTS PLAN Lawmakers are considering a plan under which California would issue bonds to cover the multibillion-dollar debts of its two biggest electric utilities and make customers pay the money back over a decade. http://199.97.97.163/IMDS%PMANAT0%read%/home/content/users/imds/feeds/comtex/2 001/01/25/ao/0000-3793-power-woes CALIFORNIA EYES ACQUISITION OF UTILITIES POWER CONTRACTS FROM CALPX California State Sen. Debra Bowen has drafted emergency legislation that would allow the state to acquire hundreds of millions of dollars in forward power contracts owned by Pacific Gas & Electric and Southern California Edison that are in "danger of being liquidated by the state's Power Exchange." http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/ 01/25/eng-djn/eng-djn_022059_174_42226761952 PANEL PULLS PLUG ON NORTH CAROLINA DEREGULATION PLAN Because of worries caused by the recent rolling blackouts in California, a legislative panel agreed yesterday to shelve plans to deregulate the power industry in North Carolina this year. http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri dder/2001/01/25/krtbn/0000-0634-WN-UTILITY SANTA FE, NEW MEXICO-AREA POWER PLANT GETS APPROVAL FROM REGULATORS State regulators on Tuesday gave the green light to build a 600-megawatt, natural gas-fired power plant in Deming that would beef up electric supplies for power-hungry Western states. http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri dder/2001/01/25/krtbn/0000-0012-AQ-POWER-PLANT TRANSALTA TO BUY BINGHAMTON, NEW YORK POWER PLANT FOR $9M TransAlta Corp. (T.TA) has acquired a 55-megawatt, gas-fired power plant in Binghamton, N.Y. for $9 million. http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/ 01/25/eng-djn/eng-djn_123337_37_6177456090227 GERMAN ENERGY GIANT LOOKS TO ENTER UNITED KINGDOM, U.S. VIA POWERGEN MERGER Yet another continental utility is considering a move into Britain, where the electricity and gas markets are the most open in Europe. http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri dder/2001/01/25/krtbn/0000-0531-SU-ENERGY-MERGER ---------------------------------------------------------------------- DOW JONES NEWSWIRES ---------------------------------------------------------------------- Access stories online at: http://199.97.97.79/IMDS|PMADJN0,PMADJN1,PMADJN2,PMADJN3,PMADJN4|index REPEAT:PG&E Up 15%, Edison Intl Up 23% On Merrill Upgrade Enron Not Raising Stake In India's Dabhol Power Project PG&E Up 15%, Edison Intl Up 23% On Merrill Upgrade >PCG TransAlta/Plant -2: First Power Plant Buy In N.Y. State Sempra Energy Earnings -4: Calif. Mkt Hurt 4Q Growth >SRE Sempra Energy Earnings -5: Year Financial Table >SRE Sempra Energy Earnings -3: First Call '01 EPS View $2.19 Sempra Energy Earnings -2: 4Q Financial Table >SRE Cinergy Earnings -4: Focusing On 4 Business Segments >CIN Sempra Energy 4Q Net 47c A Share vs 44c >SRE Cinergy Corp Earnings -3: Yr Fincl Table, Comment >CIN Sempra Energy 4Q Rev $2.32B vs $1.47B >SRE TransAlta To Buy Binghamton, N.Y. Power Plant For $9M Cinergy Corp Earnings -2: 4Q Financial Table >CIN Telecom Italia Venezuela Unit Leads Bids In 2 WLL Regions Cinergy Corp 4Q Oper Net 64c/Shr Vs Net 60c >CIN Cinergy Corp 4Q Revenue $2.77B Vs $1.48B >CIN US Weather:Snow In Great Lakes, Rain In Most of The West TXU Confirms Plans To Sell 19.2% Cantabrico Stake >E.HIC Electrabel/Cantabrico -2: Seen Selling Stake Ratings Watch: Nordic Outlook Sunnier Than California Electrabel Won't Bid Higher For Cantabrico Or For 100% CNMV/Cantabrico -2: Follows EDP, Cajastur Counter-Bid CNMV To Lift Cantabrico Suspension At 1100 GMT >E.HIC Cantabrico/EDP/Cajastur-4: EDP To Hold 40%-50% Stake >EDP Cantabrico/EDP/Cajastur -3: TXU Accepts Bid >EDP TXU UniSource Energy Estimate -2:First Call Yr View $1.08/Shr Calif Eyes Acquisition Of Utils Pwr Contracts From CalPX PRESS RELEASE: Calif ISO Extends Stage 3 Emergency To Thu 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 Arc Energy Trust And Startech Energy Inc. Announce the Approval of The Plan of Arrangement Bush Tries to Ease Power Woes Dominion East Ohio Pledges $1 Million to Energy Assistance Fuel Fund Economic Development Power Allocation Board to Meet Energy-Starved Calif. Crafts Plan Business, Labor Call For New Power Plants Advisory/Energy Producers Power Update Top Energy Summaries - Thursday, January 25, 2001 - 5:29 PM Energyunited Executive Urges State to Deal with Municipal Power Agency Debt While Deregulation of Industry Is on Hold Consol Energy Declares Regular Quarterly Dividend of $0.28 Per Share Fitch Downgrades CE Generation to `Bb'; Rating Watch Evolving Double Star Energy Creates Canadian Affiliate; Canadian Affiliate Complements Double Star Energy's Texas Activities Transalta Acquires Power Plant in New York State Through Mega New World Power Signs Agreement to Acquire Rhode Island Utility Energy Demand Seen Rising This Year Helios Energy Adds New Directors Top Energy Summaries - Thursday, January 25, 2001 - 2:44 PM Repeats: Energy Volume And Open Interest Totals-Jan 25 Southwestern Energy Announces Gas Discovery in South Louisiana Bear Stearns Initiates General Electric at Buy, $75 Target (Ge) Ubs Warburg Upgrades Amer. Electric Power to Buy from Hold (Aep) Bnsf Launches Unique Web-Based Coal Forecasting Tool Energy Update/Los Angeles Department of Water And Power Daily Energy Update, Thursday, January 25, 2001 Investec Initiates Coverage of Electric Fuel Corporation Fitch Publishes Credit Update Reports on Several Power Companies Blackouts Aren't in Idaho's Future, Power Providers Say But Groups Urge Consumers to Use Energy Wisely Idacorp Sells Its Solar Business Washington State Facility Purchased by Schott Corp. TransAlta Acquires Power Plant in New York State Through Utility Executives Defend Soaring Gas Bills Profits Aren't Keeping Pace Companies Tell State Legislators; Laclede May Get Rate Hike Today Calif. Crafting Long-Term Power Plan Conolog to Accelerate Delivery of Its New All-Digital Mutli-Directional Protection Unit to West Coast Utility Customers Fuelcell Energy Signs with King County, Washington for Digester / Direct Fuelcell Energy Project Cbiglobalenergy.Com, Global Energy Portal TVA unlikely to face energy crunch Turning on Solar Restarting 2 Power Plants to Ease Calif. Crisis Booting Up Off-Line Facilities Will Help, But Threats Remain Energy Legislation: Gop Bill Encourages Nuclear Power Wholesale Power Bids Brighten State Outlook / Davis Says 'There's a Long Way to Go,' But Calls Auction A Success California on Its Own for Power After Feb. 7 / State on Own After Feb. 7 Ken Garcia ; Power Crisis Could Teach Bush Lesson / Ignoring California Is Not a Smart Idea Nuclear Power Pud Expects Some Big New Power Users Deal May Lock in Power Rates Until Autumn State May Own Power Plants Public Forum Energy Crisis Sharing the Energy Cities of Power Plenty Cut Back to Aid Others Energy Constraints Damaging Economic Outlook for U.S. Opening Energy Systems Icc Told Natural Gas Prices Not Local Suppliers' Fault Terra to Join GE in Major Coal Demonstration Project Power Up Iowa Before It's Too Late -Utility's Plan to Build Power Plant in Noblesville, Ind., Generates Opposition ---------------------------------------------------------------------- I N T E R N A T I O N A L ---------------------------------------------------------------------- Access stories online at: http://www.powermarketers.com/pma-intr.htm Sempra Energy Could Act in Baja California Natural Gas Crisis: Analysts Egypt wins 10-yr, 3 bln usd contract to supply Israel with natural gas Israel to Buy Natural Gas from Egypt Enron Negotiates Entry to Generation Market - Argentina Top Energy Summaries - Thursday, January 25, 2001 - 12:33 PM Porvair to Switch Focus to Fuel Cell Technology Top Energy Summaries - Thursday, January 25, 2001 - 7:40 Am Ocean Energy Announces Record 2000 Financial Results US firm to tender shares in Spanish power group Householders Could Save Pounds 100 on Their Energy Bills Waertsilae wins order to deliver floating power barge to Dominican Republic Israel: Iec's Proposal for Coal-Fired Power Plant Opposed Australian Power Consumption Rising Faster Than Population Iran And Armenia to Discuss Joint Fuel, Energy Projects Cairn Energy Discovers Hydrocarbon in Western Indian State Power Price Increase Likely Next Month ---------------------------------------------------------------------- KRT DAILY ENERGY NEWS ---------------------------------------------------------------------- Access stories online at http://www.powermarketers.com/pma-krt.htm Panel Pulls Plug on North Carolina Deregulation Plan Experts Link California Energy Crisis to High Natural Gas Prices in Midwest Sunday Business, London, Liam Halligan Column German Energy Giant Looks to Enter United Kingdom, U.S. Via Powergen Merger Utah's Replacement Utility Bill Is Still a Hotbed of Controversy Controversial Utility Bill Comes Undone in Utah Utility Firm's Rate Increase Request Is Met with Anger in Idaho Avista Says Northwest Natural-Gas Rate Hike Would Fund Conservation California Utility Seeks State Approval to Pay Natural Gas Suppliers First Bush Extends Order Forcing Suppliers to Sell Electricity in California California Municipal Utilities Get Step Ahead: Deregulation Exclusion Helps Energy Costs Devour California Government Funds California Has Little Hope of More U.S. Energy Help: Bush Linked to Suppliers Bush Extends Emergency Orders Averting Big California Blackouts Bankruptcy Unlikely Cure for California Energy Crisis Federal Commission May Thwart Virginia's Plans for Electric Deregulation Roanoke, VA.-Based Power Company Reports Higher Profits After Merger California Lawmakers' Power Plan Gets Push California Weighs Bond Sales to Finance Power Purchases Oregon Power Rates Are Almost Certain to Rise Pacificorp Willing to Modify Oregon Dam for Fish Utility.Com Plans to Disconnect 30,000 Pennsylvania Electric Customers Illinois Fares Better Than California in Deregulation of Electricity Philadelphia Council to Approve $20 Million for City-Owned Utility City-Owned Electric Companies in Utah Announce Rate Hikes Orange County, Calif., Treasurer Defends Investments in Troubled Utility San Diego Gas, Electric Firm Wants to Raise Rates 17 Percent California Awaits Electricity Suppliers' Energy-Contract Bids Newark, N.J.-Based Utility Group Beats Forecasts, Predicts Strong Future All Eyes Are on California's Delicate Balance of Power New Jersey Utility Reports Increase in Earnings Macon, GA., Water Authority to Launch Investigation Into Employee's Death Texas Utility Commission Proposes More Flexibility for Deregulation Houston-Based Energy Firms Submit Bids in California Utility Contract Auction Texas Utility Regulators Propose Summer Electricity Surcharge California Government Funds Ease Power Crisis; More Solutions Sought Former Nuclear Weapons Workers Settle with Babcock & Wilcox of Ohio Ohio Utility Dpl Inc. Generates Record Profit for 2000 Detroit Free Press Doron Levin Column Alliant Energy Maintains That Higher Electric Bills Are Linked to Gas Prices Iowa Utility Billing Change Could Result in Savings for Customers Livermore, Calif., Windmills May Help with Power Supply Over Summer Owner of Contra Costa County, Calif., Power Plants Withdraws Tax Cut Appeal Manatee County, Fla., Approves Plans for New Power Plant Energy Crisis Forces California Power Companies to Cut Back on Outage Service Electric CO-OP Sues Amarillo, Texas-Based Utility Over Violation of Sales Pact Higher Utility Bills Have Amarillo, Texas, Residents Clamoring for Solutions Amarillo Globe-News, Texas, Energy Briefs Column Santa Fe, N.M.-Area Power Plant Gets Approval from Regulators -Utility's Plan to Build Power Plant in Noblesville, Ind., Generates Opposition ---------------------------------------------------------------------- REUTERS ---------------------------------------------------------------------- Access stories online at: http://207.32.82.57/news/ElectricPower.html UPDATE 1-Potomac Electric Q4 operating profit N.Y. raises taxes to fund energy conservation programs Lernout & Hauspie's former CEO Duerden quits board S&P sees minimal risk of a power crisis in Europe UPDATE 2-California power crisis hits Phelps Dodge mines TXU backs EDP,Cajastur bid for Cantabrico Power shortfall threatens New York City economy--study UPDATE 3-EDP leads 2.7-bln-euro bid for Cantabrico Western Gas extends gas deliveries to PG&E PG&E urges regulators to secure Calif. gas supplies TABLE-Cinergy Q4 results, revs rise Greenpeace uses riot police van in nuclear protest WRAPUP 1-Calif. utilities get boost after state auction UPDATE 1-Enron says no stake hike in Indian unit Madrid shares flat, electric cos, Popular rally TABLE - Keyspan Q4 oper EPS beats estimate UPDATE 2-Sempra earnings decline is smaller than expected Laclede Q1 earnings almost double, plans new hldg grp structure Enron ups 2001 profit target on continued strength Cinergy Q4 earns rise, top Street view Allegheny Q4 earns rise less than expected Scottish Power mulling Powergen bid but will wait Japan utilities hike rates due to higher fuel cost TABLE - Sempra Energy Q4 EPS 47 cts PSEG prices $2.5 bln stranded cost bonds MDU Resources Q4 net rises, sees 2001 on track UPDATE 1-Calif. power crisis 'significant problem'-Greenspan Sempra Energy fourth quarter profits slip UPDATE 1-MDU Resources Q4 net rises, sees 2001 on track UPDATE 1-French EdF to open 42 pct power market by 2003 Kenya lifts biting power rationing as drought ends S&P revises Green Mountain Power outlook Energy wholesalers profiteering or just profiting? Indian utility to miss deadline for paying Enron Calif. power shortage improving, alert may be downgraded ********************************************************* 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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