Message-ID: <770167.1075841869921.JavaMail.evans@thyme> Date: Mon, 12 Feb 2001 16:13:00 -0800 (PST) From: pmadpr@worldnet.att.net Subject: PowerMarketers.com Daily Power Report for 13 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. 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 ************************************************************************ CRISIS AND OPPORTUNITY: POWER MARKETS 2001 http://www.pmaconference.com/0103Agenda.pdf Every day the headlines bring us more information: -- Western governors are petitioning for streamlining of permitting for new powerplants. -- The availability of sufficient natural gas to serve Northeastern plants is being questioned -- The law which requires sales to bankrupt California utilities is slated for revokation. -- Hydroelectric plants which were considered candidates for decommissioning are now likely to continue operating. -- Microturbines, originally thought to be a niche market, seem set to make dramatic market inroads. You can find the individual stories at http://www.powermarketers.com. To put it all in context, join some of the tens of thousands of your fellow readers at the Power Marketing Association?s annual spring meeting: CRISIS AND OPPORTUNITY: POWER MARKETS 2001: March 15-16, 2001 Aladdin Hotel Las Vegas and Fundamentals of Power Marketing Seminar Preconference Seminar March 14, 2001 http://www.pmaconference.com/0103Agenda.pdf ********************************************************************** DISTRIBUTED GENERATION an Energy Info Source Report * The Key Technologies being used or planned for DG * The Uses of DG from utility, energy service provider, and customer viewpoints * The Economics of DG and its Market Potential * The Benefits of DG * The Barriers that exist to implementing DG * The Participants involved in the DG industry * The state of Current Regulatory Activities and Rulings affecting the implementation of DG Only $999. For additional information, download: http://www.pmaconference.com/distgen.pdf ************************************************************************ --------------------T O P S T O R I E S-------------------- Top Stories (February 12) CALIFORNIA UTILITIES SEEK SUIT VS. PUC TO CONTINUE AS SCHEDULED Attorneys with two of California's largest utilities said they will urge a U.S. District Court Judge Monday to allow their lawsuit against the state's Public Utilities Commission to move forward as scheduled despite a last minute plea from the state's Attorney General to postpone the case so lawmakers and utility executives can negotiate the terms of a multi-billion dollar rescue package for the cash-strapped companies. http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/ 02/12/eng-djn/eng-djn_055328_10_9662839910015 AES/SOUTHERN CALIFORNIA UNITS -2 AES Corp.'s (AES) AES Southland unit will continue operating its generating units in southern California, which provide about 4,000 megawatts of energy, following an executive order issued by the South Coast Air Quality Management District. http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/ 02/12/eng-djn/eng-djn_140040_62_1350515075028 POTOMAC ELECTRIC TO BUY CONECTIV IN $5.4 BILLION DEAL Potomac Electric Power Co. said Monday it has agreed to buy Conectiv Inc. in a $5.4 billion deal that will create the largest electricity delivery company in the mid-Atlantic region. http://199.97.97.163/IMDS%PMANAT0%read%/home/content/users/imds/feeds/comtex/2 001/02/12/fu/0000-2498-potomac-conectiv UTILITIES CONSIDER COAL AS FUEL FOR FUTURE POWER PLANTS Skyrocketing oil and natural gas prices are leading power-generating utility companies to reconsider coal as an attractive fuel for future power plants. http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri dder/2001/02/12/krtbn/0000-0228-SL-COAL RUSSIA, UKRAINE TO SIGN KEY ENERGY DEAL Russia and Ukraine will sign a key energy accord on Monday, the chief of the Russian national electricity utility Anatoly Chubais told reporters. http://199.97.97.163/IMDS%PMAINTL0%read%/home/content/users/imds/feeds/comtex/ 2001/02/12/ts/0000-1733-KEYWORD.Missing ---------------------------------------------------------------------- DOW JONES NEWSWIRES ---------------------------------------------------------------------- Access stories online at: http://199.97.97.79/IMDS|PMADJN0,PMADJN1,PMADJN2,PMADJN3,PMADJN4|index SRM-ENCO LLC Buys Edison Utility Svc From Edison Intl Williams Co. Isn't Yet Eyeing Bankruptcy For Calif Utils REPEAT&CORRECT:SoCal Ed:May Not Pay $236M Overdue On Notes Fla PSC Approves Calpine's 540-MW Osprey Power Plant Ohio Regulators OK PG&E Plan To Add 90 MW By Summer 2001 PRESS RELEASE:Potomac Elec Pwr Outlook Now Neg Vs Pos:S&P PRESS RELEASE:Potomac Electric Power On Moody's Review-Dn Ohio Regulators Approve 550-MW Dominion Merchant Plant PRESS RELEASE: Moody's Cuts Hoosier Energy REA To Baa1 Conectiv BBB+ Sr Unsec Put On S&P Watch-Developing REPEAT:SoCal Edison May Not Pay $206M Due On Bk Note Tue Potomac Electric Power Outlook Now Neg Vs Positive - S&P Conectiv Sr Unsec Baa1 On Moody's Review For Upgrade Potomac Electric Power A1 Sr Sec On Moody's Review-Dn SoCal Edison: May Not Pay $206 Mln Due On Bank Note Tues Mirant CFO-3: Says Water Resources Dept Not Creditworthy Edison Intl, PG&E Dn -3: Judge Sets March 5 Hearing>PCG Arkansas Electric Coop Sec Bonds Raised To A2 By Moody's Mirant CFO -2: Committee Includes Reliant, Dynegy >MIR Ferroatlantica/Cantabrico -3: CNMV Will Decide On Offer Edison Intl, PG&E Dn -2: Edison Dn 7.6%; PG&E Dn 6% Ferroatlantica/Cantabrico-2: CNMV Balks At Conditions Mirant CFO: Bankruptcy Is Option For Credit Committee Ferroatlantica Plans To Withdraw Latest Cantabrico Bid PRESS RELEASE: Moody's Upgrades Arkansas Electric Coop Edison Intl, PG&E Dn After Judge Denies Calif. Rate Hike Govt Of Indian State Pays $17M Debt To Enron - Report Russia, Ukraine Premiers Strike Deals On Energy Costs UPDATE: Schlumberger Bids For Troubled Sema Group >SLB AES/Southern Calif. Units -2: Follows Executive Order Mexico Earning $200,000 A Day On Calif Electricity Sale AES Unit To Keep Operating S. Calif. Generating Units Potomac Elec To Buy Conectiv -5:To Assume Conectiv's Debt Schlumberger Bids For Troubled Sema Group;Seen Done Deal Small Companies Say FCC Wireless Auction Rigged - NYT US Weather: Both Coasts Wet And Wild Potomac Elec To Buy Conectiv -4: New Co Should Boost Div Potomac Elec To Buy Conectiv -3: Conectiv Chmn To Retire ASIAN POWER: Singapore Plans Unfazed By California Woes Potomac Elec To Buy Conectiv-2: Conectiv Hldrs To Hold 33% Potomac Electric To Buy Conectiv For $2.2B >POM CIV Potomac Elec/Conectiv See Merger Completed in 12 Months Potomac Electric To Buy Conectiv For $25/Share >POM CIV Calif Utils Seek Suit Vs PUC To Continue As Scheduled 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 -Tampa, Fla., Utility Company Asks for Rate Increase -Oak Ridge, Tenn., Energy Lab's Manager Temporarily Reassigned -Oklahoma Utility Firms Face Difficult Task of Predicting Natural Gas Prices Srm-Enco, Llc Acquires Edison International Subsidiary, Edison Utility Services Florida Public Service Commission Approves Application for Calpine's Osprey Energy CenterRepresents First Independent Power Combined-Cycle Facility to Be Approved under Florida Power Plant Siting Act Management`S Discussions: 10qsb, Clx Energy Inc P&L Coal Fires Up Plans for $100m Initial Public Offering Citizens Utility Board Will Urge Illinois Commerce Commission to Block New Area Code AltaGas Buys Prairie River Natural Gas Plant to Expand Production Capacity Mass. Can Avoid California's Energy Woes Capstone Turbine CFO to Present at First Annual Banc of America Securities New Power Economy Conference Department of Energy Application for Presidential Permit; Northern States Power Company Ohio Power Siting Board Approves a New Major Electric Generation Facility And Increases in Capacity at Two Additional Facilities Top Energy Summaries - Monday, February 12, 2001 - 5:10 PM Govt Reforms Energy Sector Ballard Power Systems Announces Year End 2000 Conference Call Magin Energy Announces Copton Gas on-Stream Peco Energy Plans $150 Million Five-Year Strategic Investment; Projects Will Improve System Performance, Reliability Uqm Technologies Selected by Ecostar to Supply Fuel Cell Compressor Drive Motors for Use in Ford's And Daimlerchrysler's Next Generation Fuel Cell Engine Vehicles Calif. Utility Injuction Bid Denied New England Leaders to Meet on Energy Stone Energy Corporation Announces Date And Location of Its Annual Meeting of Stockholders Calif. Utility Seeks Rate Increase Automated Power Exchange Appoints John Yurkanin New Chief Executive Officer; Former Calpx Executive Promises to Be Key Player in Global Power Arena Bridge Update-Commodities: Energy Futures Worry About Demand Tucson Electric Power And Citizens Communications CO. Sign Project Development Agreement Gas Costs Help Lift Coal from Slump P&G Unit Bargains for Cheap Energy For Cap on Electric Rates, Clock Ticking Lawmakers Fear Spike in Prices When Controls Expire at End of 2003 Viking Energy Royalty Trust - Closes Bellshill Acquisition Management`S Discussions: 10qsb, Standard Energy Corp 1 of 2 Mirant Plans Power Plant in Danville, VA. Scot Power to Consider Water Sell-Off Lawsuit Could End California Power Crisis, Study Says; California's Energy Future Rides on Judge's Decision Suncor Energy Inc - Makes Equity Investment in Renewable Energy Potomac Electric to Buy Conectiv in $5.4 Billion Deal Top Energy Summaries - Monday, February 12, 2001 - 2:19 PM Furthers Plan to Develop Alternative And Renewable Energy Business (All Financial Figures Are in Canadian Dollars Unless Noted Otherwise.) U.S. Laboratories Awarded Major Utility ContractsAlso Announces Establishment of Energy Division to Meet The Demands of The California Energy Crisis S&P Assigns Preliminary Rating to Peco Energy Transit Trust's 2001-A Repeats: Energy Volume And Open Interest Totals-Feb 12 Energy Update/Los Angeles Department of Water And Power Issues Daily Energy Update for Monday, Feb. 12, 2001 Letters: Tenaska Apparently Not Bothered by Natural Gas Shortage U.S. District Court Judge Babcock Makes Preliminary Ruling on U.S. Energy Corp. And Crested Corp.'S Motion Seeking An Accounting And Further Relief Top Energy Summaries - Monday, February 12, 2001 - 12:50 PM Niko Resources Ltd - Centennial Energy Partners LP Acquisition of Niko Shares Impco Technologies Inc - Sees Increased Sales in Power Generation Market El Paso Energy Partners, L.P. to Provide Web Cast of Analyst Meeting February 14, 2001 Minnesota House Reviews Electric Restructuring Bill Advanced by Minnesota Chamber; Plan Addresses Potential Electricity Shortfall Through Conservation, Generation, Consumer Competition PM Hails Reintegration of Russian, Ukrainian Energy Systems. Around the State ; N.J. Among States to Look at Possible Wind-Farm Sites W-H Energy Services' CEO Ken White, Jr. Talks to The Wall Street Transcript Higher Gas Prices, Cold Temperatures Make for Higher Bills, Says PSE&GNew Jersey's Largest Utility Advises Customers on How to Weather Higher Heating Bills Stuart Energy Systems Corp - Media Advisory: Five Toronto Schools to Receive Grants for - Environmental Projects Moore Named Catamount Energy President Omni Energy Announcement John S. Herold Inc. Reports 2000 Worldwide Energy Industry M&a Deal Value Fell 16% to $303.6 Billion Parallel Petroleum Announces Conference Call to Discuss Current Operations And Alliance with Chroma Energy Banning MTBE Would Likely Be An Economic Disaster Warns U.S. Energy Department Official Top Energy Summaries - Monday, February 12, 2001 - 9:28 Am Aes Southland to Continue Operation of Generation in Southern California Alternative Energy Solutions And New Power Technology on Agenda at First Annual Banc of America Securities New Power Economy Conference Chesapeake Energy Corporation Reports Record Proved Reserves, Excellent Finding Costs for 2000 And Further Exploratory Success from The Georgetown Formation Eight Sbvc-Backed Companies to Debut at Demo 2001; Innovative Technologies And Services -- All with The Power to Transform The Industry -- Showcased at Annual Summit A Lost Opportunity That Worsened Crisis / Utilities And Federal Regulators Shut the Door on Renewable Power in California State, Utility to Duke It Out in Court / Rate Increases on The Line As Each Side Makes Its Case Public Power Is Looking Appealing / Cities Starting to Eye Municipal Ownership Top Energy Summaries - Monday, February 12, 2001 - 7:35 Am Ocean Power Corporation And Science Applications International Corporation Execute Term Sheet ---------------------------------------------------------------------- I N T E R N A T I O N A L ---------------------------------------------------------------------- Access stories online at: http://www.powermarketers.com/pma-intr.htm Mdm Group Steadily Purchases Coal Companies Which Supply Coal to the Far East And Eastern Siberia. New Traffic Lights Help Cities Save Money, Energy Pemex Denies Gissa 4-Dollar Natural Gas Contract Ballard Power Systems Announces Year End 2000 Conference Call Russia-Power-Grid-Nuclear-Stations-Load Argentina: New Investment of 2250mil in Wind Power Project London: Seven Days in the Energy Sector Innogy Holdings Lures British Energy Lawyer for New Market Enporion Conducts First International Auction with Electricite De France; International Auction Signifies Global Utilization of Online Energy Industry Exchange Tehran: Iran And EU to Hold Energy Brainstorm Chile: Gener to Sell Off Non-Electrical Assets Within 3 Months Devon Energy Corp: Northstar Energy Corp - Inks Contract to Sell Indonesian Natural Gas to Singapore Norsk Hydro Reports Strong Growth And Record Result Talisman Energy Inc - Signing of Agreements for Supply of Sumatra Gas to Singapore Old Mutual Sponsors Launch of Euro 150 Million Energy Fund IAEA inspects disputed Czech nuclear power plant AuIron Energy in 53 mln aud rights issue to fund next development phase Germany: Power from CHP to Get Renewed Attention China's Shaanxi Province Invests Over US$2.4 Bln in Energy Pjts Russia, Ukraine to Sign Key Energy Accord -- Chubais. Privatization Plan Submitted for Energy Giant PGNiG US Energy CO. Tries to Buy Tech CO. Britain Helps Shanxi with Energy Efficiency Kenya Welcomes Investors to Develop Power Industry Ats Automation Tooling Systems Inc. Launches Pilot Solar Project in Western China ---------------------------------------------------------------------- KRT DAILY ENERGY NEWS ---------------------------------------------------------------------- Access stories online at http://www.powermarketers.com/pma-krt.htm -Tampa, Fla., Utility Company Asks for Rate Increase -City's Steam Heating System Keeps Heat Costs Down for Indianapolis Firms -Indiana House Panel Advances Bills to Strengthen Utility Oversight -Energy Department to Conduct Environmental Study in Oak Ridge, Tenn. -Oak Ridge, Tenn., Energy Lab's Manager Temporarily Reassigned -Oklahoma Gas Utility Allows Customers Means to Check Own Usage Levels -Oklahoma Utility Firms Face Difficult Task of Predicting Natural Gas Prices -Tampa, Fla.-Based TECO Energy Buys Power Plant in South Texas -Solar Energy Systems Shine at Atlanta Builders' Show Connecticut Water Utility to Acquire Waterbury, Conn., Water Services Tampa, Fla., Utility Asks State to Raise Rates for Residential Customers ST. Louis-Area Residents Consider Budget-Billing Plans for Utility Costs Utilities Consider Coal As Fuel for Future Power Plants San Joaquin County, Calif., Businesses Dim the Lights During Energy Crisis Editorial: the State Has No Good Way Out of Power Crisis South Bend Tribune, Ind., Biz Buzz Column California Lawmakers Focus on Utility Fundamentals to Find Energy Solutions New Jersey Utilities Commission to Undergo Realignment at Top California Asks for Delay in Its Suit Against Southern California Edison California Officers Unlikely to Fine Businesses That Don't Dim Outside Lights ---------------------------------------------------------------------- REUTERS ---------------------------------------------------------------------- Access stories online at: http://207.32.82.57/news/ElectricPower.html UPDATE 2-Germany's Yello wins new power customers Canada natgas falls with weak U.S. in warm forecast Tata, H.K. giant may bid for India power systems UPDATE 3-Pepco to buy Conectiv, slashes dividend Fitch rates Northeast Utilities BBB-minus S&P revises Potomac Electric Power outlook to negative UPDATE 1-German power industry given deadline on CHP issue PECO to invest $150 mln over 5 years to upgrade system Wash. utility, companies reach accord on power prices Russian province's bosses quit over energy crisis Calif. should avoid long term power contracts-report Colombia's EPM to sell $134 mln in companies Peabody seeks air permit for planned Ky. coal-fired plant UPDATE 1-U.S. federal judge denies Socal Edison rate request Czech protesters block Temelin N-plant entrance Cinergy, BP to build two Texas power plants Peabody Group files for IPO Moody's may cut Potomac Electric Power ratings Refocusing Scot Power weighs water options Progress Energy to sell $3.0 bln debt SCANA Corp fourth-quarter EPS rose 16 percent UPDATE 1-EnBW must widen bid for Spain's Cantabrico - CNMV UPDATE 2-Edison shares fall on judge's ruling U.S. federal judge denies Socal Edison rate request Moody's raises Arkansas Electric Cooperative rating RPT-Potomac buy Conectiv in deal worth $2.2 billion Third lawsuit planned against NYPA's NYC power plants US Corp Bonds-End mixed; Lucent, SoCal Ed debt weaken ********************************************************* 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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