Message-ID: <19812064.1075841869797.JavaMail.evans@thyme> Date: Wed, 7 Feb 2001 12:42:00 -0800 (PST) From: pmadpr@worldnet.att.net Subject: PowerMarketers.com Daily Power Report for 8 February 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. 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For additional information, download: http://www.pmaconference.com/distgen.pdf ************************************************************************ --------------------T O P S T O R I E S-------------------- Top Stories (February 7) DUKE ENERGY TO BUILD 6,000 MW OF NEW POWER CAPACITY Duke Energy Corp.'s North American unit will build more than 6,000 megawatts of new power generation capacity in time for summer 2002 demand. http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/ 02/07/eng-djn/eng-djn_114110_174_474750047084 CALPINE CONFIRMS $4.6B, 10-YEAR CALIFORNIA POWER SALES PACT Calpine Corp. confirmed that it has received a 10-year power sales agreement valued at $4.6 billion from the state of California. http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/ 02/07/eng-djn/eng-djn_124054_236_361002186313 US FERC UPHOLDS PROGRESS ENERGY MERGER IN RTO CHALLENGES The U.S. Federal Energy Regulatory Commission Wednesday rejected challenges to its approval of the Progress Energy (PGN) merger. http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/ 02/07/eng-djn/eng-djn_152059_123_842589142732 BUSH FACES POWER STRUGGLE IN DEVISING NATIONAL ENERGY PLAN Not even a week into office, President Bush was faced with a possible domestic crisis: power outages, shortages and utility bankruptcies in the nation's most populous, financially powerful state. http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri dder/2001/02/07/krtbn/0000-0439-TB-ENERGY TULSA, OKLAHOMA-BASED ENERGY COMPANY RAISES $86 MILLION IN IPO Shares of Williams Energy Partners LP rose 12.5 percent during the stock's first day of trading on the New York Stock Exchange. http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri dder/2001/02/07/krtbn/0000-0460-TU-ENERGY ---------------------------------------------------------------------- DOW JONES NEWSWIRES ---------------------------------------------------------------------- Access stories online at: http://199.97.97.79/IMDS|PMADJN0,PMADJN1,PMADJN2,PMADJN3,PMADJN4|index S&P, Moody's: High Financial Hurdles For Calif Util Plan EU Ecology Head: Implementing Current Laws Takes Priority EU Concessions On EdF, EnBW Deal Seen Limited -Analysts US FERC Upholds Progress Energy Merger In RTO Challenges Kelda Unit Sells Connecticut Land For Between $90M-$98M EU/EdF/EnbW -5:EnBW Says Link To Boost Competitiveness Exelon:950-MW Clinton Up To 72% Pwr;Seen At 100% Pwr Thu Duke Energy/New Power Generation 2:To Meet '02 Demand>DUK Calpine/Calif. Pact -2: Delivery Starts Oct. 1 >CPN Calpine Confirms $4.6B, 10-Yr Calif. Power Sales Pact Duke Energy To Deliver Added 6,000 MW By Summer 2002 Duke Energy To Build 6,000 MW Of New Power Capacity EU/EdF/EnbW -4: Deal Favors French Competition - EdF India Min: Govt Likely To Pay Enron's Nov Bill - Report Spain's Cantabrico Exec Committee Meets Wed Or Thu >E.HIC Spain's Cantabrico Exec Committee To Meet Wed Or Thu EU/EdF/EnbW -3: Indep Trustee To Monitor Capacity Sale Philippine CBK Power Closes $383M Financing Facility EU/EdF/EnbW -2: Conditional On Commitments By Cos EU OKs EdF Buy Of Stake In EnbW Enron Official:Wants India To Settle Guarantee In 30 Days RWE Outbids EDP For Spain's Cantabrico; Winner Unclear Cantabrico/Trade -2: Stk Halted Tue; Rose 4.1% In Mo EDP, Cajastur Commited To EUR24/Shr Bid For Cantabrico Cantabrico Resumes Trading, Up 6.3% at EUR25.45 >E.HIC Glencore/Ulan -3: To Cut Mgmt, Staff Numbers >Z.GNC Glencore/Ulan Coal Mine - 2: Price Not Disclosed >Z.GNC Exxon Mobile Sells Ulan Stake, Mitusbishi Keeps 10% Glencore Buys 90% Of Ulan Australian Coal Mine 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 Williams Forecasts Energy Financial Results to Grow 15-20 Percent Beyond 2001 Power Output in Utah May Need to Double West Power Bills Squeeze Poor Top Energy Summaries - Wednesday, February 07, 2001 - 5:05 PM W-H Energy Edges Past Estimates Piedmont Natural Gas Announces Payments by Phone Energy Dept. Releases Coal Grants Crisis Generates Move to Fire Up Power Plants Idle Electric Facilities in Grand Terrace And San Bernardino May Be Restored Louis Dreyfus Natural Gas Announces Record Financial Results for 2000 Power Crisis Energizes Fuel-Cell Industry Ontario Power Generation Posts Strong Results for 2000 One Utility No Longer Fits All Gelcore Becomes First U.S. EPA Energy Star Partner for Energy-Efficient Led Traffic Signal Products Caem's Red Index Shows Significant Progress on Electric Competition; Pennsylvania Leads Nation CMS Energy's Marketing Unit Is First in Customer Satisfaction Duke Energy Corp - Field Services Affiliate to Market Propane in Northeast Demarco Energy Systems of America Inc - Amended OEM Agreement with Fhp, Now Controls Own Destiny Pennsylvania Again Ranked No. 1 in Nation for Electric DeregulationPa Receives The Center for Advancement of Energy Markets' `Red Carpet Award' for Leading Nation in Electric Competition Northwest Energy Demand to Mean Less Water for Fish Energy Update/Los Angeles Department of Water And Power Daily Energy Update for Wednesday, Feb. 7, 2001 Canada Not Key in Power Crisis Gaz Metropolitain & Company LP - Exceptional Measure to Offset Impact of Increase in Price of - Natural Gas: Gaz Metropolitain to Refund $67 Million to Its - Customers Duke Energy Corp - Addresses Demand for Electricity - 6,000 Megawatts to Be Delivered by Summer 2002 Top Energy Summaries - Wednesday, February 07, 2001 - 2:31 PM Repeats: Energy Volume And Open Interest Totals-Feb 7 Cibc Initiates E&P Firms Brigham, Chesapeake Energy (Bexp) Letters on Power Price Reflect Split in Opinions Dan Walters: Secrecy Marks Power Buying New Scramble for Power Starts: Suppliers May Bail Out as Mandate Ends State Energy Accords Reached: Long-term Pacts May Drive Costs Down Next: Utility Solvency -- a Settlement Wiser Than the Roulette of Courts and Initiatives Demarco Energy Signs Amended OEM Agreement with Fhp, Now Controls Own Destiny Wisconsin Energy Declares Quarterly Dividend Playa Minerals And Energy, Inc. Becomes Vulcan Minerals & Energy, Inc. Empiric Energy Inc - Reports Significant Production from Recent Well Completion! Green Mountain Energy Company And Scholastic Inc. 'Power Up!' Local Schools Biorelease Corp. And Electric Energy Storage Corp. Sign Letter of Intent Rusty Braziel Steps Down As Chairman of AltraLeading Independent Energy Market Continues Growth As Online Marketplace Pioneer Pursues New Venture Peoples Energy Raises Quarterly Dividend World Bank: New Global Environment Facility Report Highlights Renewable Energy Markets in Developing Countries Rti International Metals Announces New Orders for Energy Subsidiary The Narragansett Electric Company Adds New Website Capabilities Newfoundland Power Inc: Fortis Inc - Strong Results for 2000: to Apply to Pub to Rebate Customers DTE Energy to Issue Securitization Bonds, Implement Rate Cut for Business Customers Duke Energy Field Services Affiliate to Market Propane in Northeast Triumph Energy Corp - Significant Increase in Net Asset Value Per Share - at December 31, 2000 Bruce Baldwin Named Vice President of CT Operations Department for Florida Power Corp. And CP&L Survey Finds Area Businesses Concerned About Rising Energy Prices; Almost Half of Connecticut And Rhode Island Energy Managers Say Higher Prices Could Lead to Layoffs Ubs Warburg Hosts Energy Conference Report Calls for Construction of More Natural Gas Pipelines John McELHENNY, The Associated Press Tired of High Electric And Natural Gas Bills? the New Power Company Offers Savings to Ohio Residents Calpine Signs Long-Term Power Sales Agreement with State of California Department of Water ResourcesIndependent Power Producer Is One of Industry's First to Contract with Dwr Kennecott Energy And Kfx Announce Improvements to K-Fuel Technology And Proceed with Commercialization Plans State Power Program Brings Millions to Texas Public Schools As Seen in Energy Houston, Vol. 3 No. 2 The Energy Crunch / Calpine Profit Triples California Gets One-Day Reprieve to Buy Power State to Buy Power for Utilities at Below Market Rates Energy Plan Would Reduce Building Hours / 4-Day Week for County Center Some Worry About New Power Plants' Environmental Effects Reid Bill Would Give Permanent Tax Credit for Renewable Energy Pyr Energy Announces Commencement of Production at Deep California Natural Gas DiscoverySales of Natural Gas And Liquid Hydrocarbons Underway at East Lost Hills Field in San Joaquin Basin Valley Utilities Cutting Back on Own Power Uses Program Offers Utility Bill Help County Eyes Own Source of Power ---------------------------------------------------------------------- I N T E R N A T I O N A L ---------------------------------------------------------------------- Access stories online at: http://www.powermarketers.com/pma-intr.htm Electric Woes Turn Area Into Third-World Power Mirant Agrees to Buy 80% of Jamaica Utility - Jamaica Finland Could Achieve Kyoto Goals without Nuclear Power - Report Top Energy Summaries - Wednesday, February 07, 2001 - 12:23 PM Japan: Mazda Executives Take Pay Cut; Company to Market Fuel-Cell Cars Trade: India to Pay Power Bills in Controversial Power Deal Future of Philippine economy hangs on stalled power reform bill South Korean team in North Korea for talks on possible power aid Europe clears Franco-German energy tie-up 'Instant Power Plant' Could Avert Rate Hike Singapore Power, Pertamina to sign gas supply deal in Jakarta Feb 12 Indian Electrical Industry Shows No Signs of Recovery PNOC-Energy Development Corp to seek 60 mln usd loan from JBIC: source Russia, Belarus, Baltic States to CO-Ordinate Power Supply. Power Consumption Hits New Highs in Sweden And Norway General Electric in 10.5 bln baht Thai silicones jv with Shin-Etsu Chemical Lee seeks fourth-generation Singapore leaders ---------------------------------------------------------------------- KRT DAILY ENERGY NEWS ---------------------------------------------------------------------- Access stories online at http://www.powermarketers.com/pma-krt.htm The Columbian, Vancouver, Wash., Mike Rogoway Column Tulsa, Okla.-Based Energy Company Raises $86 Million in IPO Energy Utilities Ask Florida to Allow Rate Hike Economy of Washington's Puget Sound Hurt Deeply by Energy Crisis Bush Faces Power Struggle in Devising National Energy Plan San Jose, Calif.-Based Power Company's Profit Up 240 Percent Over Last Year California Legislature Urges Governor to License Power Plant Texas Energy Company Thrives in California's Deregulated Atmosphere Seattle-Area Utility Sues Largest Customers, Citing Power-Rate Woes How Dry We Are: Power to Stay Tight in Washington State President Bush Opposes Capping Power Rates in West Environmentalists Expect to Win Fight Against Oregon Power Deregulation Plan Dallas-Based Energy Company's Quarterly Earnings Rise 22.8 Percent California Senate Leader Pursues Utility Assets California May Seal Long-Term Power Purchase Deals Soon Some New Jersey Residents Are Shocked by Commercial Account Gas Bills Cold Weather Boosts Wisconsin Energy Company's Bottom Line Wisconsin's Commitment to Electricity Conservation Still Declining Kansas City, Mo., Power Company Drops Plans Merge Into Unregulated Unit Houston-Based El Paso Energy Shortens Name, Changes Logo Western Governors Agree to Short-Term Actions on Energy Crisis Texas Legislators, Regulators Cautiously Endorse Electric Deregulation Court Forces Power Company to Sell Electricity to California ---------------------------------------------------------------------- REUTERS ---------------------------------------------------------------------- Access stories online at: http://207.32.82.57/news/ElectricPower.html UPDATE 1-Bidding on Spanish power firms may not be over Atlanta's Mirant to buy Jamaican electricity supplier UPDATE 1-Calpine to sell power to Calif for $4.6 bln over 10 yrs Euro confusion shortchanges French power utility Fitch cuts Edelnor ratings UPDATE 1-Russia's UES, Baltics to synchronise power grids Northeast Utilities files $600 mln shelf offering Cinergy names Duncan to CFO post Calif. battles to keep lights on without federal order FEATURE-Examples aplenty for corporate restructuring UPDATE 2-GE , Shin-Etsu to build Thai silicones plant MCN shares tumble on concerns about DTE deal UPDATE 1-DTE to issue bonds of $1.7 bln to recover costs UPDATE 2-Brazil Furnas sees record 2000 profit UPDATE 2-Kaiser Aluminum Q4 loss widens Duke to add 6,000 MW of power generation by summer 2002 India to ask Enron to meet state govt over dues ********************************************************* 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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