Message-ID: <10301128.1075841869198.JavaMail.evans@thyme> Date: Sun, 28 Jan 2001 17:16:00 -0800 (PST) From: pmadpr@worldnet.att.net Subject: PowerMarketers.com Daily Power Report for 29 January 2001 Mime-Version: 1.0 Content-Type: text/plain; charset=ANSI_X3.4-1968 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 ************************************************************************ Attend the Power Marketing Association?s annual spring meeting: POWER MARKETS 2001: CRISIS AND OPPORTUNITY March 14-16, 2001 Las Vegas http://www.pmaconference.com/0103Agenda.pdf EVERY CRISIS HOLDS OPPORTUNITIES: Power shortages boost merchant power, distributed generation, peak shaving, real-time pricing and energy management. Some states are delaying their retail choice programs, but others are moving ahead, confident that they have benefited from the lessons learned by the pioneering jurisdictions. Electric price volatility drives growth in the risk management business. Credit and cash flow are squeezed, but financial products provide solutions. Gas price volatility is a reminder-- coal was and remains the great source of energy for our country. Dot-coms seem to have been exposed as just ordinary businesses-- but online trading in energy is the single most robust area for transactions on the net. The IPO market hasn?t been kind to technology stocks-- but it likes energy issues. Broadband trading has been slow to take off, but powerline telecom may solve the real problem-- access to "the last mile". Please join us at the Power Marketing Association?s annual spring meeting, "POWER MARKETS 2001: CRISIS AND OPPORTUNITY" March 14-16, 2001 Las Vegas, for presentations on these topics and more! Warmest Regards, Glenn Lovin Executive Director http://www.pmaconference.com/0103Agenda.pdf ************************************************************************ ------Advertisement------ How do I find people who know how to account for trading activity properly? Are we hedging properly to limit our exposure? 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For the answers, download: http://www.pmaconference.com/Derigen.pdf ************************************************************************ --------------------T O P S T O R I E S-------------------- Top Stories (January 26) INVESTMENT BANKS SEEK ADVISOR ROLES IN CALIFORNIA POWER CRISIS Bankers from Goldman, Sachs met in Sacramento and held conference calls this week with state officials to discuss becoming the state's financial adviser in the energy crisis, The New York Times reported Friday. http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/ 01/26/eng-djn/eng-djn_054034_48_5737550701015 FEDERAL RESERVE BLAMES ENERGY CRISIS ON FAULTY DEREGULATION IN CALIFORNIA Federal Reserve Chairman Alan Greenspan said California's electricity crisis is hurting the nation's economy and blamed the state's botched regulatory policies for creating the shortages that have led to rolling blackouts there. http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri dder/2001/01/26/krtbn/0000-0547-WT-DEREGULATION TENNESSEE VALLEY AUTHORITY PREPARES TO ADD POWER-GENERATING CAPACITY The Tennessee Valley Authority has avoided the power woes of California by continuing to build and buy more electricity generation through the 1990s. http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri dder/2001/01/26/krtbn/0000-0521-TN-ELECTRIC TEXAS-BASED INTERGEN UPBEAT ON MEETINGS OVER PLANNED PENNSYLVANIA POWER PLANT An official of Intergen, the Texas energy developer hoping to put a power plant on Spring City Road, said he expects 1,500 residents at a meeting at 7 tonight to discuss the proposal. http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri dder/2001/01/26/krtbn/0000-0397-PH-POWERPLANT CALPINE BUYS RIGHTS FOR 490-MW LOUISIANA PLANT; SEEN UP IN 2002 Calpine Corp. has acquired from Cogentrix Energy Inc. the development rights for a $300-million, 490-megawatt power plant in southeastern Louisiana, the company said Friday. http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/ 01/26/eng-djn/eng-djn_172113_116_001557770651 ---------------------------------------------------------------------- DOW JONES NEWSWIRES ---------------------------------------------------------------------- Access stories online at: http://199.97.97.79/IMDS|PMADJN0,PMADJN1,PMADJN2,PMADJN3,PMADJN4|index Maine Yankee Gets OK To Manage Plant's Decommissioning Calif Utility Bonds Rise On Rescue Plan But Risks Remain Utility, Comp Divisors To Fall With Duke Energy Split GATX Terminals Corp Granted Indefinite Waiver By CPUC Niagara Mohawk Says Elec Rate Hike Minimized By Hedging PRESS RELEASE: S&P Pulls CalPX C Short-Term Liquidity Rtg Groups To Take N.H. Electric Challenge To Supreme Ct CalPX C Short-Term Liquidity Rating Withdrawn By S&P US Senate Energy Bill Mandates a Host Of Studies Cummins '01 Warning Spells Trouble For Truck Makers>CUM California Groups Vow To Derail $6B Utility Recoup Calpine Buys Rights For 490-MW La Plant; Seen Up In '02 Cummins CEO Sees 1Q Loss Of About 75C Per Share>CUM Atlanta Utility Building 'Golden Mile' Telecom Network PRESS RELEASE: Fitch Cuts Caithness Coso Funding Note Rtg Hydropower Operator Gets Mixed US Court Ruling On License CORRECTION: PSNH Pfd Stk Raised To 'ba2', Not 'ba1' Caithness Coso Funding Sr Secured Notes Cut To BB:Fitch AmerGen:870-MW Three Mile Island 1 Seen Down To 50% Power US Weather: Snow In Midwest; Rain, Snow In West Investment Bks Seek Advisor Roles In Calif Pwr Crisis-NYT WSJE: Breakingviews.com: Is Eidos's FY Warning All It Seems? 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 Deregulation Requires Negotiating Authority: Power Brokers for the People Washington Keeps Hands Off California Power Woes Leaders Agree on Calif. Energy Plan PSE&G Electrical Rates to Drop 2% Mandated Cut Due in February North Carolina, Louisiana Not Sure on Electric Deregulation Calif. Lawmakers Doubt Power Plan Uc Panel Says Power Rate Hike Needed El Paso Energy Announces Dividend Increase Utility Officials Testify for Icc on Soaring Cost of Natural Gas Top Energy Summaries - Friday, January 26, 2001 - 4:48 PM -Georgia Legislators Consider Amending Natural Gas Deregulation Law -California-Based Internet Utility Firm Exits Electricity Sales -Rates Up 15 Percent at Georgia's Top Natural Gas Marketer Eia Sees Natural Gas Prices Beginning to Moderate in Q2 Advisory/ 'Cool' Construction Materials Help Curb Energy Use; Can Help to Avoid Rolling Blackouts Top Energy Summaries - Friday, January 26, 2001 - 2:12 PM It Can't Happen Here Area Utilities: Illinois Will Never Suffer California's Energy Fate Data Centers Take Power Crisis Moves Department of Energy Revised Public Participation Policy Guidance Alliance to Save Energy Hails New York State As Nation's Model for Energy Efficiency Repeats: Energy Volume And Open Interest Totals-Jan 26 Energy Update/Los Angeles Department of Water And Power Daily Energy Update Friday, Jan. 26, 2001 Alabama Power Dividends Declared Energy on Bush's Agenda with Fox Calpine Announces Acquisition of Development Rights for 500-Megawatt Energy Center Near Bogalusa, LAWashington Parish Energy Center to Bring New Source of Electricity to Growing Louisiana Power Market Power Crisis Becomes Selling Tool: While Courting Business, Sacto Claims Capital's Electricity Cheaper, More Reliable Power Firms Pitch Supply Proposals to Southern Nevada Water Authority Top Energy Summaries - Friday, January 26, 2001 - 12:17 PM Stage Three Electrical Emergency Declared; Conservation Is Key As Critically Low Operating Reserves Continue Portable Fuel Cell Shipments to Explode by 2001 Power Crisis May Sap Millions from Tennessee Coffers San Diego Utility Petitions for Rate Increase Power Crisis Becomes Selling Tool Top Energy Summaries - Friday, January 26, 2001 - 8:51 Am State Ends Up Paying High Price for Power / $365 Per Megawatt Hour More Than Bid Offers Oakland to Scrimp on Energy Use / Mayor Vows to Cut Consumption by 10%, Seek $3 Million Loan for Retrofit Kansai Electric to Enter Retail Gas Business Bush Energy Legislation Aimed at Preventing Shortages Top Energy Summaries - Friday, January 26, 2001 - 7:21 Am Locke Unveils Energy Plan Governor Proposes Tax Breaks; to Encourage New Power Generation Avista Rate Hike Request Met with Anger Company Seeks 29 Percent Natural Gas Increase Bpa: Power Costs Likely to Rise 60% Senate OKs Freeze on Natural Gas Prices Back-Up Generators: What To Do When The Power Goes Poof Web Utility Firm Exits Electricity Sales Geothermal System Proves Itself a Winner Low Utility Bills Make Homeowner a Believer Power Plant Sale Plan Criticized A Tough Lesson in Supply and Demand of Energy PSC OKs Higher Fee For Energy ConservatIon Energy Crisis Poses Poltical Quandary for Bush UCSD Engineering School Explores Alternative Sources of Energy-(U. California-San Diego) ---------------------------------------------------------------------- I N T E R N A T I O N A L ---------------------------------------------------------------------- Access stories online at: http://www.powermarketers.com/pma-intr.htm Kenya Ends Power Rationing California Crisis Stares Down Power-Hungry Province Hungary Used 0.4% Less Energy in 2000 Philippines Mactan Economic Zone to Ensure Stable Power Supply ---------------------------------------------------------------------- KRT DAILY ENERGY NEWS ---------------------------------------------------------------------- Access stories online at http://www.powermarketers.com/pma-krt.htm -Georgia Legislators Consider Amending Natural Gas Deregulation Law -California-Based Internet Utility Firm Exits Electricity Sales -Oklahoma Legislators Plan to Postpone Deregulation of Electricity -High Oil, Gas Prices Fuel Profits for Oklahoma City-Based Energy Firm -Oklahoma Energy Firm Reports Drop in Fourth-Quarter Earnings -Rates Up 15 Percent at Georgia's Top Natural Gas Marketer Gas Bills Soar for Putnam County, W.VA., Schools High Utility Bills Stun Maryland Residents Federal Reserve Blames Energy Crisis on Faulty Deregulation in California Alternative Power Companies Benefit from California Electric Crisis Tennessee Valley Authority Prepares to Add Power-Generating Capacity California's Woes Present Opportunities for Energy-Abundant Tennessee Utility Head Emphasizes Need for New Power Plants in Illinois California Utilities Cut Power to `Volunteers' First Power Suppliers Offer Prices to Ease Crisis, California Governor Says Washington State Governor Proposes Tax Breaks As Energy Crisis Deepens Sacramento, Calif., Lures Businesses with Lower Power Costs Electricity Costs Now a California State Secret PG&E's New California Electricity Price Is Five Times Cost of Production Electricity Auction Lifts California Officials' Hopes Power Outlook Is Dim for Oregon California Power Auction Closes with Offers from 39 Bidders Portland, Ore., Saves Energy by Unplugging Two Landmarks Gop's Energy Plan Looks to Arctic Refuge for Oil, Gas Providence, R.I.-Area Firm May Get New Power Broker Texas-Based Intergen Upbeat on Meetings Over Planned Pennsylvania Power Plant New Jersey Alternative Energy Supplier to Leave State Florida Consumers Face Higher Utility Bills Houston Chronicle Working Column Representatives File Bill to Allow Delay in Texas Deregulation Pennsylvania Officials Delay Utility's Request for Electric-Rate Relief Wind Energy Tax Incentives Meet Support in North Dakota Legislature Fort Worth Star-Telegram, Texas, Todd Mason Column Lawmakers Urge New Limits on Texas Electric Deregulation West Coast Energy Crisis Brings Allegations of Profiteering by Wholesalers Eugene, Ore.-Area Public Raises Many Questions About Energy Crisis Springfield, Ore., Utility Board to Pay Electric Provider to Shut Down Montana Aluminum Firm's Laid-Off Workers Get Full Year's Advance Wages Two Charlotte, N.C.-Area Plants to Bring Up to 350 Jobs California Businesses, Residents Try to Alleviate Damage from Energy Crisis California Tries to Run Auction to Buy Electricity Contra Costa Times, Walnut Creek, Calif., Tapan Munroe Column New Mexico Legislator Takes Second Look at Electric Deregulation Columbus, Ohio, Fails to Assist Low-Income Families with Electric Bills ---------------------------------------------------------------------- REUTERS ---------------------------------------------------------------------- Access stories online at: http://207.32.82.57/news/ElectricPower.html 01/28/01 California power reserves at critical lows for 13th day 01/28/01 UPDATE 1-Bush team to meet on California energy woes Monday 01/27/01 India says nuclear plants in quake-hit zone safe ********************************************************* 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. Access all online presentations at: http://www.pmaconference.com **************************************** THE PowerMarketers.com ENERGYYELLOWPAGES **************************************** http://www.energyyellowpages.net Where to go when you're looking for: Billing Systems, Brokers, Call Centers, Coal Marketers, Computers & Networks, Conference Houses, Energy Management, Engineering Services, Environmental Services, Exchanges & Clearing Houses, Executive Search Services, Financial Services, Gas Marketers, Information Services, Internet Services, Legal Services, Management Consulting , Marketing, Meters, Power Marketers, Powerplant Development, Powerplant Equipment, Risk Management, Sales, Software, Trade Associations, Training, Weather Services and more! 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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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