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Date: Mon, 29 Jan 2001 15:59:00 -0800 (PST)
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Subject: PowerMarketers.com Daily Power Report for 30 January 2001
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Attention POWER REPORT Readers: Go to
http://www.powermarketers.com/prdaily.htm to view today's edition with direct
headline links to each story.]
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The Industry's Preferred Source For Breaking Energy News And Information
http://www.powermarketers.com
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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
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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
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--------------------T O P S T O R I E S--------------------
Top Stories (January 29)
BUSH DIRECTS ENERGY PLAN
President Bush, voicing alarm that California's energy crisis is spilling
over its borders, directed Vice President Cheney and several Cabinet members
to develop a plan for the federal government to "act boldly and swiftly."
http://199.97.97.163/IMDS%PMANAT0%read%/home/content/users/imds/feeds/comtex/2
001/01/29/ao/0000-1444-power-woes-bush
CALIFORNIA GOVERNOR FAVORS FINANCING INTEREST IN UTILITIES
Gov. Gray Davis on Friday threw his weight behind a controversial plan to
have the state provide financial relief to Southern California Edison and
Pacific Gas & Electric in return for partial ownership of the debt-wracked
utilities.
http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri
dder/2001/01/29/krtbn/0000-0077-OC-POWER-CRISIS
PSEG, PANDA JV'S 1,000-MW TEXAS POWER PLANT ON LINE
A 1,000-megawatt power plant in Guadelupe, Texas has begun commercial
operations, its owners said Monday.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/
01/29/eng-djn/eng-djn_144057_46_3356754020788
EL PASO ENERGY COMPLETES MERGER WITH COASTAL, CREATING THE WORLD'S LEADING
NATURAL GAS COMPANY
El Paso Energy Corporation announced today that it completed its $24 billion
merger with The Coastal Corporation after the Federal Trade Commission
cleared the way by approving for public comment the consent agreement
governing the merger.
http://199.97.97.163/IMDS%PMANAT0%read%/home/content/users/imds/feeds/comtex/2
001/01/29/pr/0000-4866-.dstfront_05
-TENNESSEE OFFICIALS VIEW CALIFORNIA POWER CRISIS AS OPPORTUNITY FOR GROWTH
As the lights blink on and off in California, economic developers hope the
Golden State's electricity drought will draw manufacturers to power-plentiful
Tennessee.
http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/writersd
esk/2001/01/29/eng-powerm-000001/eng-powerm-000001_170658_145_178116061725
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DOW JONES NEWSWIRES
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Access stories online at:
http://199.97.97.79/IMDS|PMADJN0,PMADJN1,PMADJN2,PMADJN3,PMADJN4|index
PG&E, Edison Up -3: Wts Would Cap Hldr Upside -Analyst
PRESS RELEASE: Green Mountain Power On Moody's Review-Up
Green Mountain Power Now On Moody's Review-Up Vs Down
PRESS RELEASE: Calif Stranded Bonds Not Affected: S&P
PSEG, Panda JV's 1,000-MW Texas Power Plant On Line
Calif Stranded Bonds Not Affected By Energy Crisis: S&P
PG&E, Edison Intl Up-2: Bankruptcy Threat Lower -Analyst
PG&E, Edison Intl Shrs Up On Calif. Lawmaker Plan >EIX
Cantabrico Says Bidding Process "Positive" >E.HIC
AES To Purchase Remaining 4.3% Of GenerChile For $59.7M
US Weather: Severe Storms Expected In South; Plains Snow
TXU Europe/Servista -2: Servista Sees 1H Germany Launch
RWE/Cantabrico -2: RWE Declines Comment On Counter-Bid
RTE/Awards/Contracts -3: Enron, Endesa, TXU, EDF Bid
RTE/Awards/Contracts -2: 1-Yr Allotments To Be Auctioned
RTE To Auction 850 MW Remainder In Annual Auction Feb. 12
RTE Awards 3-Yr Contracts For France-To-UK Elec Capacity
RTE Allocates A Total Of 650 MW To Two Companies
RWE Criticizes Hostile Bid For Cantabrico - Report
TXU Europe Unit In Servista.com Energy Supply Deal
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.
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N A T I O N A L
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Access stories online at: http://www.powermarketers.com/pma-nat.htm
Bush Sets Up Energy Task Force
California Continues Power Alerts
El Paso Energy Completes Merger with Coastal, Creating The World's Leading
Natural Gas Company
Enbridge, Ontario Power Generation And Atomic Energy of Canada Limited Help
Launch Major Environmental Initiative in Toronto, Peterborough And Mississauga
Management`S Discussions: 10-K, Massey Energy CO 2 of 3
Management`S Discussions: 10-K, Massey Energy CO 1 of 3
-Tennessee Officials View California Power Crisis as Opportunity for Growth
Sierra Pacific, Nevada Power Offer Emergency Plan to Assure Reliable,
Reasonably Priced Electricity for Nevadans
Penn Virginia Announces Additional Natural Gas Hedges for 2001
1000 Mw Guadalupe Power Plant Begins Commercial Operations; Plant Constructed
in under 18 Months
Hawaii's Largest Electric Utility Powers Up with Vignette; Hawaiian Electric
CO. Enables Customers to Manage Accounts Online with Vignette Technology
Santa Fe International Corporation to Present at Energy Conference
Bridge Update-Commodities: Energy Leads Markets Into Tailspin
Enterprise Acquires Interests in Natural Gas Pipelines
Environmental Excesses Have Us Starved for Power
El Paso Energy Announces New Board of Directors
Cypress Energy Inc. Enters Into Letter of Intent to Acquire Ranchero Energy
Inc.
Advisory/Resource: California Energy Crisis And Energy Alternatives; Grid
Survey Report Provides Overview of Alternative on-Site
Energy Sources, Implications of Deregulation
Remarks by the President at Energy Policy Meeting Jan. 29
Electrical Poker Game Begins
Parks Fueled by Green Energy
Online Auction Powers California Energy Recovery
Northwest Bailing Out Power Hogs
Emergency Power Systems
A Few Reminders About Power Factor Improvement
Forming a New Power
New York Could Experience California-Type Energy ShortagesIndustry Expert
Says Similar Policies Could Leave the State Short on Electricity
Repeats: Energy Volume And Open Interest Totals-Jan 29
Utility Companies Weather Winter Storms
Nem Adopts National Energy Technology Policy
Pemex Targets Major Increase in Natural Gas Production to Meet Soaring
Domestic Demand
Access Tool AIDS Seasonal Power Clean-Up
Mexico's Natural Gas Pricing Crisis: Will Confrontation Lead to Policy
Liberalization?
Jefferies Upgrades Reliant Energy to Buy from Accum (Rei)
Bush appoints task force on California crisis, broader energy issues
Mount Dakota/Sovereign Chief Ventures Letter of Intent Signed for Five Well
Natural Gas Project
New Carb Ruling on Electric Vehicles Boosts Stuart Energy's Hydrogen
Infrastructure Initiatives-- California Maintains Requirement for Automakers
to Sell Electric Vehicles by 2003 --
Processors Lament Unstable Power
Bush Directs Energy Plan
Energy Update/Los Angeles Department of Water And Power Issues Daily Energy
Update for Monday, Jan. 29, 2001
Energy Company Will Invest $6 Billion in Next Four Years
Clean Air Trust: Clean Air And Energy -- the Big Myth And the Reality
Effort to Recover Utility Fees Blocked
Sapient Energy Corp. to Pursue Strategic Alternatives
Northwest May Hire Firm to Help Rein in Energy Costs Low Temperatures And
High Gas Prices Put Strain on Budget; Firm Helped Other School Districts
American Power Conversion Integrates with Johnson Controls' Metasys(R)
Building Automation SystemFacility And Building Managers Can Now Control And
Proactively Manage Apc Symmetra(R) And Silcon(TM) Power Protection Systems
Via The Metasys Building Automation System
Enbridge Inc. Takes Steps to Minimize Impact of Rising Natural Gas Prices
Albertson's Expands Conservation Effort Power Use, Too Regulators Urge Other
Idaho Firms to Follow Example
President Extends Orders Ensuring Power to California Power Crunch
Plugging Green Power
Beacon Power's Flywheel Energy Technology Used by San Diego Gas & Electric
Convergent Group And Imedeon Form Strategic Alliance to Offer Wireless,
Web-Based Utility Business Solutions
Enermetrix Raises $35.5m in Private Equity; Company Geared to Fuel Growth And
Deliver New Solutions to Volatile Energy Markets
Telemetrix Begins Trials with City of Holland, MichiganTelemetrix Wireless
T3000 E-Telemetry Data(TM) System to Be Tested on City of Holland Electrical
Meters.
Lodestar Corporation Receives Approximately $29 Million Investment from
Ocm/Gfi Power Opportunities Fund, L.P.
Energy And Biotech Ipos on Tap
Energy Bills Climb Higher with User Tax / PG&E Customers Face Double Whammy
Seabrook Nuclear Power Station Selects Maximo(R)Maximo to Play Key Role in
Seabrook's World Class Performance Initiative
Feature/Home Grown? U.S. Consumers Show Increasing Interest in Generating
Their Own ElectricityNew National Consumer Survey Finds Higher Home Power
Use, Environmental Values & Desire for Independence; Threat of California
Blackouts May Be "Defining Moment" for New on-Site Power Generation Technologi
Calif. Remains under Power Alert
Higher Electric Bills Related to Cold Weather Snap
Power Plant Sparks a Border Battle Coweta Residents in Court Today Trying to
Stop Facility Being Built in Nearby Heard.
Letters: Look Into Facts About `Shortage' of Natural Gas
Natural Gas Companies Can't Handle Rash of Calls
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I N T E R N A T I O N A L
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Access stories online at: http://www.powermarketers.com/pma-intr.htm
DAVOS EU's de Palacio sees Russia energy link improving supply security
Minister: Hydro Concessions Freeze Lost US$1.5bn Investments - Peru
Generation Increases 4.1% in 2000 - Chile
Enersul to Develop 485.5mw in Small-scale Hydro - Brazil
OSC Re Equatorial Energy Exemptive Relief Applications
Erosion of A High-Carbon Steel in Coal And Bottom-Ash Slurries
World Energy Council Names New Chairman
Eastern Energy to Supply Servista
Top Energy Summaries - Monday, January 29, 2001 - 12:26 PM
Design Power, Inc. Announces New Customers for Front-End Plant Design Software
Tyco Electronics: Tyco Electronics Introduces New Highly Efficient And
Compact Line of 30w-40w Power Modules
Cambridge Energy Corporation Readied Development of Its Donner Field in
Southeastern Louisiana
Israel to Import Egypt's Natural Gas, Israeli Companies Protest
Top Energy Summaries - Monday, January 29, 2001 - 8:58 Am
Top Energy Summaries - Monday, January 29, 2001 - 7:46 Am
India quake knocks industrial wind out of prosperous Gujarat state
Ues of Russia to Invest in Primorye Coal Industry.
Japan's Kansai Electric to Supply Mitsubishi Heavy with LNG
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KRT DAILY ENERGY NEWS
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Access stories online at http://www.powermarketers.com/pma-krt.htm
-Tennessee Officials View California Power Crisis as Opportunity for Growth
The Record, Stockton, Calif., Eric Grunder Column
California Commission Suspends Fines for `Interruptible' Power Usage
The Philadelphia Inquirer Andrew Cassel Column
California Governor Favors Financing Interest in Utilities
Plano, Texas, Official Pitches City's Energy Supply to California Firms
California Groups Seek to Assign Blame for Energy Crisis
Economists See Rate Hikes from California Utilities
Water Costs Trickle to Ontario, Calif.-Area Customers
Retired Corona, Calif., Power Exec Remains in High Demand
Opinion: Small Business Foots Bill for California Power Mistakes
The Business Press, Ontario, Calif., Inland Empire Focus Column
Belleville, Ill.-Area Small Businesses Raise Prices to Cover Natural Gas Bills
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REUTERS
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Access stories online at: http://207.32.82.57/news/ElectricPower.html
Northern Alternative to buy 12 units from Pratt/Whitney
El Paso names board following Coastal approval
Enron claims first commodity data storage deal
Kharafi group wins $390mln Kuwait BOT sewage plant
W.House energy talks break no new ground on Calif.
Bush to spotlight faith-based groups, power crisis
UPDATE 1-California utility shares steady,trade slows
WRAPUP 1-Calif. under power alert as Bush meets advisers
El Paso Energy gets antitrust okay in Coastal deal
Enron considers developing Bahamas terminal - WSJ
Saudi Alujain plans $425 mln iso-octane project
El Paso says owed $50 mln by Calif. utilities
German RWE's Biblis A nuclear plant back on stream
California utility shares rise after upgrade
Duke, KeySpan propose Conn.-N.Y. gas pipeline
1,000-MW gas power plant begins operation in Texas
UPDATE 1-FERC orders Calif PX to enforce power cap
El Paso Q4 earnings jump with higher gas prices
FERC orders Calif PX to enforce power price cap
Canada spot natgas weakens on seasonal weather
UPDATE 1-El Paso earnings soar on unregulated-businesses boost
Taiwan anti-nuclear protester sets himself on fire
Indian nuclear power plant withstands quake
INTERVIEW-Spain's Rato says mulling giant power merger plan
US AES launches tender for rest of Chile Gener
PPL files shelf with SEC for $800 mln in debt, equity
AES fourth-quarter earnings rise sharply
RESEACH ALERT - PG&E, Edison International raised
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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
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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!
Check it out today! http://www.energyyellowpages.net/
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OTHER NEWS & INFORMATION FEATURES ON POWERMARKETERS.COM
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ELECTRICITY SPOT PRICES:
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ELECTRICITY FUTURES PRICES:
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NATURAL GAS FUTURES PRICES:
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THE PowerMarketers.com JobSite:
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A daily visit to "The PMA Jobs Site" at
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