Message-ID: <27488482.1075841869368.JavaMail.evans@thyme> Date: Sun, 4 Feb 2001 10:19:00 -0800 (PST) From: pmadpr@worldnet.att.net Subject: PowerMarketers.com Daily Power Report for 5 February 2001 Mime-Version: 1.0 Content-Type: text/plain; charset=ANSI_X3.4-1968 Content-Transfer-Encoding: quoted-printable 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=20 http://www.powermarketers.com/prdaily.htm to view today's edition with dire= ct=20 headline links to each story.] =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D 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=20 never be charged. You may redistribute this e-mail without change. You may not redistribute= =20 stories. To register for a free subscription, point your browser to:=20 http://www.retailenergy.com/pma/dprreg.htm ************************************************************************ "THE SUBJECTS" CALIFORNIA --- What's in store for the summer? GAS PRICE VOLATILITY ---Why? POWER MARKET RISKS --- Explained THE TEXAS RETAIL MARKET --- Will it work? NEW POWERPLANTS --- How big is the opportunity? CREDIT RISK --- How to manage it. REAL PRICES --- Is the retail market ready? WEATHER RISK --- Is it a market yet? TRANSMISSION CONSTRAINTS --- Completely intractable? PROVIDER OF LAST RESORT --- Dumping Ground? THE WEB --- Don?t get fooled again. RETAIL BILLING --- Getting it right POWERLINE TELECOM --- The next big thing? ROLLING BLACKOUTS --- Peak shaving? DISTRIBUTED GENERATION --- Ready to boom? COAL --- Fuel of the Future? And, WHERE IS YOUR CAREER GOING? BE READY --- KNOW THE ANSWERS Attend the Power Marketing Association?s annual spring meeting: POWER MARKETS 2001: CRISIS AND OPPORTUNITY March 14-16, 2001 Las Vegas For the complete agenda: http://www.pmaconference.com/0103Agenda.pdf ************************************************************************ --------------------T O P S T O R I E S-------------------- Top Stories (February 2) CALIFORNIA REGULATORS RETHINK BILLING UTILITIES FOR STATE POWER BUYS California utility regulators are reconsidering a decision to hold the=20 state's two largest utilities responsible for millions of dollars in costs= =20 the state has incurred buying power on an emergency basis since mid-January= . http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/20= 01/ 02/02/eng-djn/eng-djn_190102_200_408032627311 CALIFORNIA EXTENDS STAGE 3 POWER ALERT THROUGH MIDNIGHT MONDAY California's power-grid operator has extended its most urgent Stage 3 power= =20 alert through midnight Monday, citing limited supply. http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/20= 01/ 02/02/eng-djn/eng-djn_232038_158_437131713144 INTERGEN BUILDING 1,200-MW GAS-FIRED POWER PLANT IN TEXAS InterGen North America, a joint venture between Shell and Bechtel=20 Enterprises, broke ground Friday on the firm's first U.S. project, a=20 1,200-megawatt natural gas-fired power plant in southeast Texas. http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/20= 01/ 02/02/eng-djn/eng-djn_210102_135_355066987686 FEDERAL GOVERNMENT RESISTS DEMANDS FOR US UTILITY RATE CAP Energy Secretary Spencer Abraham rejected pleas from Western governors Frid= ay=20 to cap wholesale utility prices to protect consumers should California's=20 energy crisis spread. http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/20= 01/ 02/02/eng-djn/eng-djn_230103_182_254121059086 -FLORIDA TASK FORCE BACKS CONSTRUCTION OF WHOLESALE POWER PLANTS IN STATE Florida should break the monopoly held by big utilities over the state's=20 $13-billion electricity business, a commission appointed by Gov. Jeb Bush= =20 recommended Wednesday. http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/write= rsd esk/2001/02/02/eng-powerm-000001/eng-powerm-000001_173036_191_575891769025 WILLIAMS ANNOUNCES CONSTRUCTION OF TWO POWER GENERATION FACILITIES AND=20 EXPANSION OF A THIRD EXISTING FACILITY A unit of Williams today announced plans to construct natural gas-fired pow= er=20 generation plants in or near Memphis, Tenn. and Las Vegas, Nev. and to expa= nd=20 an existing natural gas-fired power facility located in Hazleton, Penn. http://199.97.97.163/IMDS%PMANAT0%read%/home/content/users/imds/feeds/prnew= swi re/2001/02/02/7Xj4o/6965-0524-OK-Williams-constrctn=01( ---------------------------------------------------------------------- DOW JONES NEWSWIRES ---------------------------------------------------------------------- Access stories online at:=20 http://199.97.97.79/IMDS|PMADJN0,PMADJN1,PMADJN2,PMADJN3,PMADJN4|index Calif Extends Stage 3 Power Alert Through Midnight Mon Federal Govt Resists Demands For US Utility Rate Cap Amid Calif. Crisis, Confusion Over Orange County Payment Oklahoma Legislature May Consider Elec Dereg Delay InterGen Building 1,200-MW Gas-Fired Pwr Plant in Texas PRESS RELEASE: S&P Rates Enron Corp Sr Unsec Notes BBB+ Now Comes The Hard Part For Calif: Finding The Power Power Costs May Shift To Calif. Companies Under New Law Enron Corp $1.25B Sr Unsec Notes Rated BBB+ By S&P >ENE PRESS RELEASE:PPL Elec Outlook Now Stable Vs Pos:Moody's PRESS RELEASE: Puget Sound Energy On S&P Watch-Negative UniSource Energy Earnings -3: Year Financial Table >UNS UniSource Energy Earnings -2: 4Q Financial Table >UNS FPL/Bill Hike-3: To Provide Customer Refund Of $75M-$100M FPL/Bill Hike -2: Cites Rising Oil, Natural Gas Prices UniSource Energy 4Q Net 42c A Share Vs 20c Before Item Calif Regulators Rethink Billing Utils For State Pwr Buys Puget Sound Energy A- Sr Sec On S&P Watch-Negative Puget Energy Inc BBB+ Sr Sec On S&P Watch-Neg >PSD In California Crisis, One Down, Lots More To Go Telecom America's Venezuela Unit Leads WLL Bid With $960K PPL Electric Utilities Outlook Now Stable Vs Pos:Moody's FPL's Fla. Power & Light Seeks 9% Fuel Bill Hike >FPL Calif Water Dept Calls For New Power Bids Friday Calpine/Targets -2: Now Has 5,000 MW Of Generation >CPN Calpine Corp On Track To Exceed 40,000-MW Target In 2004 Calpine Corp Sets 70,000-MW Operating Goal For 2005 >CPN Venezuela Oil Min-2:Too Early To Assess Impact Of Feb Cut Idacorp Earnings -2: 4Q, Year Financial Table >IDA Idacorp 4Q Net 63c A Shr Vs 49c >IDA Facing Power Crisis, West Govs Plot Future Energy Course RWE Declines To Comment On Report Of Cantabrico Bid UniSource Energy, Bechtel Power In Generation Devt Pact Cap Gemini/United Utilities -2: 12.5% Vertex Stake Taken INTERVIEW: NZ UnitedNetworks -2: Govt Policies Hurt Pfts INTERVIEW:NZ UnitedNetworks To Raise Equity To Fund Buys Cap Gemini Ernst Signs Pact With United Utilities Unit Enron Shifts Big Electricity Clients To PG&E - NYT Indonesia Pertamina, PLN, Unocal In Geothermal Proj Talks LA/Utils/Lawsuit -2: Officials At Utils Unaware Of Letter LA Lawmaker Tries To Block Utils From Winning Lawsuit Calif Water Dept To Request New Power Bids Friday 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 Pricing Developments in the Electric Utility Industry Bridge Focus: Western Governors Go Away without Power Price Cap California Working Out Bond Deal to Bail Out Power Companies On24 Audio Investor Alert: Analyst: Expect Energy Shares to Move Up in 2001 NW Energy Supply Remains Precarious Western States Plot Energy Future Kms Power Updates Progress at Expansion 2000 And Institutes Measures to=20 Mitigate Impact of Gas Prices Pengrowth Energy Trust Announces Acquisition of A Natural Gas PropertyStock= =20 Symbol: Pgf.UN, TSE Caterpillar's Engine Division Offers Solutions to Critical Energy Situation= s -Florida Task Force Backs Construction of Wholesale Power Plants in State -Natural Gas Prices Not Expected to Drop Until Late Next Year, Experts Say -Prospect of Power Plant Fuels Cicero, Ind., Residents' Angst Kestrel Energy Extends Exercise Period for Warrants Utility Partners Announces Planned Release of Work Resource Planning -Wrp-= =20 Version 6 The Energy Crunch: Leaders Vow Low Power Costs Santa Fe Energy Trust Corrects Distribution Amount Txu Sells Interest in North Sea Natural Gas Field Intergen Completes Debt Financing And Breaks Ground on 1200 Mw Cottonwood= =20 Energy Project in Texas -Natural-Gas Utilities in Florida Seek Big Rate Increase Enn Alternative Energy Quiz -Groups Want Slower Pace on New Power Plants in Florida -Georgia Natural-Gas Marketer Admits to Overcharging 140,000 Customers Top Energy Summaries - Friday, February 02, 2001 - 4:30 PM Pacifica Completes the Sale of 49.9% Interest in Its Hydro Electric Facilit= ies Williams Announces Construction of Two Power Generation Facilities And=20 Expansion of A Third Existing Facility Independent Energy Producers React to Today's Ferc Report on California Pow= er=20 Plant Outages New Democrat MP Introduces Bill to Regulate Soaring Energy Prices Power Giant TransAlta Posts 67% Profit Boost Despite Huge Accounting Charge Pseg Energy Holdings Senior Notes Rated `BBB-` by Fitch San Joaquin to Acquire Pannonian Energy Inc. And Announces Agreement for $7= .2=20 Million Financing I'm Not Joining Power Dynamos, Denies Bamfuchile California power bill passage positive development for power suppliers - S&= P California Serves As Bush's Scapegoat ForNew Energy Plan Great River Energy Files Grant Application to Explore Feasibility of New=20 Power Plant Top Energy Summaries - Friday, February 02, 2001 - 2:17 PM Power Crisis Update Sempra Cuts Off Mexican Generation Plant Energy Generator Angers Stakeholders Over Effects on River Repeats: Energy Volume And Open Interest Totals-Feb 2 Lawmakers, Governor: Delay Power Deregulation S&Pbulletin: CA Gov's Power Bill Good for Salton Sea General Electric Challenges Authority Of EPA Calpine Sets 70,000-Megawatt Operating Goal for 2005 Agl Resources Issues Statement Addressing High Cost of Natural Gas And=20 Customer Service S&P Bulletin: CA Gov's Power Bill Good for Salton Sea; Project Debt Rating:= =20 BBB-/Watch Neg/-- Top Energy Summaries - Friday, February 02, 2001 - 12:20 PM Southern Power & Controls Is a Key Sub Contractor in Two of Florida's Top= =20 Construction Projects New Law Puts California Into Power-Buying Business State Can Sell Electrici= ty=20 to Customers of Struggling Utility Companies New DTE Energy Rtgs Established by Fitch; Exp Mcn Rtgs Discussed Bergen Battling N.Y. Power Plants Schuber, Mayors Say Projects Threaten Wat= er=20 Supply County May Raise Sewer Rates 20 Percent - $4 Increase Will Pay Rising Energ= y=20 Costs Fitch Rates Georgia Power CO.'S $350mm Senior Notes `A+' Houston: Duke Energy, Williams Purchase Pipeline Project Scottish Power Seeks to Calm Fears Over US Loss CA Energy Bill Passed - Relief in Sight Worst Impact of Natural Gas Prices May Not Hit Until Weather Warms Up Ose to Focus on Energy Crisis as Head of Subcommittee Top Energy Summaries - Friday, February 02, 2001 - 9:14 Am Mirant Plans Power Plant in Rockdale, Ill. OTC Coal Markets Reach Record Volumes: Evolution Markets Llc Adds Another= =20 Expert to Coal Team Ashland Inc. CEO to Speak at Energy Conference Gas Users Struggling Thousands Tap Energy Assistance Program Santa Barbara Hearing Takes Up State's Energy Crisis Top Energy Summaries - Friday, February 02, 2001 - 7:42 Am The Energy Crunch / Power Reform Plan Flawed, Enron CEO Says / Reform Is=20 Flawed -- Enron CEO Davis Lobbies GOP for Power Plan / He Pushes to Revive $10 Billion Bond Aft= er=20 Assembly Rejects Bill Contra Costa County Report ; Pittsburg / Meeting Slated on Power Plant=20 Construction S.F. Utility District on Agenda / Supervisors Will Consider Putting=20 Initiative on Ballot Calif. to Begin Buying, Selling Power Step Triggers Fears of High Utility= =20 Bills Purchase Marks Official End of Pasco Natural Gas Pipeline Energy Executives Defend Price Policies to U.S. Senate Relocation in Energy Equation German Utility Executive Leaving After Denying Talks Us: Honeywell, Amadeus to Cooperate in Energy Related Projects Lombard Board Decides to Test Cutting Back Its Natural Gas Tax ---------------------------------------------------------------------- I N T E R N A T I O N A L ---------------------------------------------------------------------- Access stories online at: http://www.powermarketers.com/pma-intr.htm Kms Power Updates Progress at Expansion 2000 And Institutes Measures to=20 Mitigate Impact of Gas Prices LATIN AMERICA'S ENERGY FUTURE IS IN NATURAL GAS Power Price Cap Idea Fades Among Governors Natural Gas Consumers Displeased by Pemex Price-Cap Conditions -Louisville, Ky., Energy Company CEO Resigns Following Buyout by British Fi= rm Chubu Elec Power Plans 18 Pct Debt Cut by FY 2005 Meridian to Finance US$1.42bn for Hydro Project - Colombia Frost & Sullivan: Large International Power Oems Moving Ahead in Adoption o= f=20 E-Business Encal Energy Ltd. TXU Corp sells North Sea natural gas field stake to Consort for 138 mln stg Six die as debt defaults spark power cuts in Russia's Far East Scottish Power Seeks to Calm Fears Over US Loss Europe set to clear Franco-German tie-up in energy: source Indian Government: Railways to Look for Alternative Sources of Electric=20 Energy; Two Day Seminar on Electric Energy Management in Rail Sector Begins Indian Government: M.N.E.S. to Send Solar Lanterns Yellow River to Be China's Major Power Base China Uses Solar Energy to Purify Bitter, Salty Water Situation Critical in Ukrainian Nuclear Power Engineering. International Power's Thai power plant operating at 99.8 pct availability Chairman-CEO Is Leaving Lg&E Energy BC Ministry of Environment, Lands & Parks: B.C. Takes Action to Conserve=20 Energy, Find New Sources China's Power Consumption to Rise 5 Pct in Next 5 Yrs US Crisis Jolts Scottish Power Cashed-strapped Electricity of Vietnam pushes power projects S Korean Govt Sets Power Reserve for 2001 at 11.6 Pct of Maximum Demand Nissin Electric to Expand Production Sites in China, Taiwan Taiwan Gov't Suggests Referendum on Nuclear Power Plant ---------------------------------------------------------------------- KRT DAILY ENERGY NEWS ---------------------------------------------------------------------- Access stories online at http://www.powermarketers.com/pma-krt.htm -Florida Task Force Backs Construction of Wholesale Power Plants in State -Natural Gas Prices Not Expected to Drop Until Late Next Year, Experts Say -Devon Energy Reports Record Earnings -Oklahoma's Economic Shortfalls May Soften Blow of a National Recession -Louisville, Ky., Energy Company CEO Resigns Following Buyout by British Fi= rm -Prospect of Power Plant Fuels Cicero, Ind., Residents' Angst -GOP Legislators in Indiana Seek Suspension of Tax on Residential Natural G= as -Former Parent of Florida Electric Utility Reports 12 Percent Gain in Earni= ngs -Natural-Gas Utilities in Florida Seek Big Rate Increase -Groups Want Slower Pace on New Power Plants in Florida -Georgia Natural-Gas Marketer Admits to Overcharging 140,000 Customers Wisconsin State Commission Approves Utility's Temporary Rate Hike Wisconsin Commission Approves Temporary Utility Rate Hike Southeast Virginia Waste Authority Seeks to Sell Waste-to-Energy Plant Florida Forges Ahead with Power Deregulation Despite California's Problems Customers of Tacoma, Wash., Electric Utility Could See 50 Percent Rate Hike Washington State Cities Benefit from Utility Tax Panel Looks at Opening Up Florida to Out-of-State Power Companies Utah Power Company Wants Immediate Permission to Increase Rates Native Alaskans Look to Power of The Wind Spokane, Wash., Conference Focuses on Harvesting Alternative Energy Sources Gas Customers in Minnesota Likely to See Lower Heating Bills for February Electricity Shortfall Could Hit Minnesota by End of Decade Saint Paul Pioneer Press, Minn., Real World Economics Column ST. Louis-Based Natural Gas Utility to Diversify to Increase Profit Growth Ceos of Two California Utilities Saw Salary Increases After Deregulation Survey Indicates Utility Bond Holdings Don't Put California Counties at Ris= k California Governor Approves Bond Money to Bail Out State Utilities Energy Crisis Prompts National `California Bashing' Washington State Lawmakers Seek Streamlining for New Power Plants No Tax Windfall from Energy Crisis, Sacramento, Calif.-Area Officials Say Low Bid Cost California Utility Giant $429 Million in One Month, Audit Find= s California Energy Bill Stalled by Key Questions California Legislation Could Increase Higher-Usage Electric Rates Virginia's Energy Deregulation Plans Remain on Schedule Two Power Plants in West Virginia to Get Pollution Control Systems Energy Solutions Firm Helps Revitalize Job Outlook in Rockbridge County, VA= . Partisan Disagreements Stall Rescue Plan for California's Two Utility Giant= s Northwest Power Bills Could Jump Come Fall Wisconsin Homeowners Try to Cope with Increase in Heating Bills Kentucky Public Service Commission Helps Utilities Cut Heating Costs Duke Energy Temporarily Backs Off Plans for Power Plant Near Eustis, Fla. California Wants to Settle Utility Lawsuit Over $12.7 Billion in Debt Orange County, Calif., Expects Payment from Investment in Struggling Utilit= y Dream of Transparent Wholesale Market May Die with California Power Exchang= e New Version of Energy Bill in California Adds Protections for Customers Houston Mayor Held Stock in Water Firm Vying for City Contract The Boston Globe Downtown Column Home Heating-Bill Assistance Applications Ready in Southwest Ohio U.S., Mexico Leaders Add Energy to Agenda South Carolina Utility Hopes to Have Nuclear Plant Online by March Gas Bills Burn Holes in Charleston, S.C.-Area Residents' Budgets Two Illinois Utilities Intervene in Commerce Commission Tree-Trimming Case Independent Audit Quiets Debt Cries of Struggling California Utility Illinois Utility Predicts Lower Natural Gas Bills in February Meter Mistake Charges Albuquerque, N.M., Residents $7,000 on Heating Bill New Jersey Utility's Planned Athens, N.J., Power Plant Faces More Delays Army Corps Delays Construction of PG&E Plant in Athens, N.Y. ---------------------------------------------------------------------- REUTERS ---------------------------------------------------------------------- Access stories online at: http://207.32.82.57/news/ElectricPower.html 02/04/01 Bay Street Beat: Equities seek salvation in the second half 02/03/01 US western power crisis offers choice salmon or smog 02/03/01 US West's power crisis offers choice: salmon or smog 02/03/01 Power cuts in Accra as Ghana refurbishes generator 02/03/01 Iberdrola shareholder BBK shuns power merger-paper ********************************************************* 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= ,=20 or download it to your computer for later viewing-- Free! New! Five additional RealVideo-based powerpoint-based presentations, with t= he=20 accompanying audio. Running about 30 minutes each, the new selections inclu= de: ELECTRONIC TRADING. Power is following natural gas to become an=20 electronically-traded commodity. The products, the technology and the futur= e=20 of electricity transactions. Kevin Sluder, Vice President, HoustonStreet=20 Exchange. NUTS AND BOLTS OF RETAILING. What it takes to put an energy retailing=20 operation together-- the cash and credit requirements, back office,=20 information technology, staffing, marketing, sales and organizational=20 considerations. Andrew Serri, Vice President, AmerenEnergy Marketing. RETAIL: WHAT WENT WRONG, HOW TO FIX IT. Retail electric deregulation has th= us=20 far been an underwhelming success, but a great deal has been learned, and i= t=20 is eminently fixable. By Dr. John O'Brien, Principal, Skipping Stone MANAGING BILLING. The complex requirements for managing billing and=20 commodities in the deregulating energy industry cannot be met with current= =20 CIS and CRM technology. Energy Retailers must embrace the next evolution of= =20 energy customer management (ECM) solutions. Paul Grey, Chief Technology=20 Officer, Peace Software. THE INTERNET AND THE VELOCITY FACTOR. Greater price transparency, faster=20 execution, reduced transaction costs, increased number and frequency of=20 transactions and increased specialization are just some of the changes to= =20 energy markets wrought by the web, and it's just beginning. Implecations of= =20 the internet for energy markets. E. Russell "Rusty" Braziel, Chairman and= =20 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.h= tm News releases may be submitted to The PowerMarketers.com Power Report via= =20 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= =20 Marketing Association. Headlines are copyrighted by their respective=20 services: Reuters, Knight-Ridder, and others. Subscriptions to the PowerMarketers.com Power Report are free - you will=20 never be charged. You may redistribute this e-mail without change. You may= =20 not redistribute stories. To register for a free subscription, point your= =20 browser to: http://www.retailenergy.com/pma/dprreg.htm TO UNSUBSCRIBE OR CHANGE your subscription, (1) point your browser to "The= =20 PMA OnLine Power Report" subscription services form at=20 http://www.retailenergy.com/pma/dprreg.htm OR (2) , send a message to pma@powermarketers.com. 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