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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=
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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

Subscriptions to The PowerMarketers.com Power Report are free - you will=20
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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=
=20
powerplants.
-- The availability of sufficient natural gas to serve Northeastern plants =
is=20
being questioned
-- The law which requires sales to bankrupt California utilities is slated=
=20
for revokation.
--  Hydroelectric plants which were considered candidates for decommissioni=
ng=20
are now likely to continue operating.
--  Microturbines, originally thought to be a niche market, seem set to mak=
e=20
dramatic market inroads.

You can find the individual stories at  http://www.powermarketers.com.   To=
=20
put it all in context, join some of the tens of thousands of your fellow=20
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

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* The Participants  involved in the DG industry
* The state of Current Regulatory Activities and Rulings affecting the=20
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--------------------T O P S T O R I E S--------------------

Top Stories (February 16)

CALIFORNIA GOVERNOR PROPOSES POWER PURCHASE
Plunging California deeper into the energy business, Gov. Gray Davis propos=
ed=20
a multibillion-dollar plan Friday to rescue two utilities from the brink of=
=20
bankruptcy in part by buying miles of electric transmission lines.
http://199.97.97.163/IMDS%PMANAT0%read%/home/content/users/imds/feeds/comte=
x/2
001/02/16/ao/0000-4627-power-woes

-WHOLESALE GENERATORS FACING WINDFALL PROFITS TAX IN CALIFORNIA? - ISSUEALE=
RT=20
FOR FEBRUARY 16, 2001
Recently, Representative Bob Filner (D =01) CA) introduced a bill (H.R. 443=
) to=20
amend the Internal Revenue Code of 1986 to impose a windfall profit tax on=
=20
wholesale electric energy sold in the Western System Coordinating Council=
=20
(WSCC). The bill was referred to the Committee on Ways and Means.
http://199.97.97.163/IMDS%PMANAT0%read%/home/content/users/imds/feeds/write=
rsd
esk/2001/02/16/eng-powerm-000001/eng-powerm-000001_132144_199_09736242611

GE POWER SYSTEMS, PG&E NATIONAL ENERGY IN $1B SERVICE PACT
GE Power Systems' Energy Services unit and PG&E National Energy Group signe=
d=20
a long-term service agreement worth more than $1 billion.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/20=
01/
02/16/eng-djn/eng-djn_104050_195_895255249925

BUSH, FOX DISCUSS CONTINENT-WIDE ENERGY POLICY
U.S. President George W. Bush said Friday that he discussed with Mexican=20
President Vicente Fox the possibility of creating a continental energy poli=
cy=20
that would incorporate the resources and needs of Mexico, the U.S. and Cana=
da=20
but acknowledged much work remains to be done to implement such a policy.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/20=
01/
02/16/eng-djn/eng-djn_200047_246_816723248921

TEXAS ELECTRIC DEREGULATION COULD SET PATTERN FOR STALLED STATES
How electric retail competition plays out in Texas next year could affect=
=20
whether other states move forward to deregulate their markets or remain=20
paralyzed in fear of repeating California's disastrous experience.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/20=
01/
02/16/eng-djn/eng-djn_224024_26_7442206968553

-NEW YORK ENERGY BUYERS FORUM SUPPORTS POWER AUTHORITY PLANTS
The (NYEBF), a coalition of commercial energy customers and suppliers in th=
e=20
New York City area, has announced its support for the ten small power plant=
s=20
planned by the New York Power Authority (NYPA) to ensure electric reliabili=
ty=20
and price stability in the New York City area this summer.
http://199.97.97.163/IMDS%PMANAT0%read%/home/content/users/imds/feeds/write=
rsd
esk/2001/02/16/eng-powerm-000001/eng-powerm-000001_085405_82_0912937633693

----------------------------------------------------------------------
DOW JONES NEWSWIRES
----------------------------------------------------------------------
Access stories online at:=20
http://199.97.97.79/IMDS|PMADJN0,PMADJN1,PMADJN2,PMADJN3,PMADJN4|index

No New Details As Calif Gov Unveils Plan For Utils Buyout

Texas Elec Dereg Could Set Pattern For Stalled States

Empire District Elec Interim Rates -2:Begins March 1

Empire District Electric Seeks 8.18% Rate Increase >EDE

Indiana Gas Appeals Regulator Ruling On Natural Gas Rate

Empire District Electric Files For Interim Mo. Rates>EDE

REPEAT&CORRECT: DTE/Documentation -2: Seeks Fast Review

Bush, Fox Discuss Continent-Wide Energy Policy

NJ Acting Gov Moves To Expand Utility Bd To 5 Members

TI's Venezuela Unit Leads Phone License Bid With $1.15M

PRESS RELEASE: DPL Sr Unsec Still On Moody's Review >DPL

DPL Inc Baa1 Sr Unsec Still On Moody's Review >DPL

Bad News Prompts Skittish Investors Take A Long Weekend

US West Pwr Forwards Dn On Lower Dailies,Moderate Weather

DTE/Revised Documentation -2: Co Seeks Expedited Review

DTE Energy Files Revised Documentation For MCN Energy Deal

Spain's Cantabrico Supports Bid But Keeps Options Open

REPEAT&CORRECT: Electrabel Pact For Cantabrico Is On -TXU

US House Panel Sets Mar 5 Energy Tax Incentives Hearing

Brazil/Light Invest -2: Seeks Capacity Boost To 2,000 MW

Cantabrico/EDP/Cajastur -3: Ferroatlantica Has Option

Cantabrico/EDP/Cajastur -2: RWE Bid Still Pending >EDP

Cantabrico Decision Non-Binding, Open To Better Offers

Cantabrico Bd Approves EDP-Cajastur Takeover Offer >E.HIC

GE Power/PG&E Natl -2: For Gas Turbines At Power Plants

TXU Europe Confirms Electrabel Pact For Cantabrico Broken

GE Power Sys, PG&E Natl Energy In $1B Service Pact >GE

Metka, GE Consortium Win 44-47 MW Greek Wind Pwr Contract

ASIAN POWER:Philippine Debts Leave Sale As Only Option

US West Power Forwards Mixed: Palo Up, Mid-C Slightly Dn

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

Calif. Gov. Proposes Power Purchase

Coal Expected to Fare Well on Bush's Shift

Qualified Facility Power Generators Form Creditors Committee to Evaluate=20
Options with Respect to Southern California Edison

Davis Seeks Payments to Energy Firms

Energy Cooperative Eyeing Elgin to Reduce Electrical Costs, Usage

Wind, Sun Seen As Energy Solutions Group Says Efforts Needed Now to Prevent=
=20
Crisis Like California's

Department of Energy Office of Fossil Energy Transco Energy Marketing CO.;=
=20
Selkirk Cogen Partnership, L.P.; Orders Granting Authority to Import And=20
Export Natural Gas

Business Briefly: Nuclear Plant's Power Worth $1 Billion Since July

Bush Expedites California Power Plants

Empire District Electric Files Interim Missouri Electric Rates

California to Float Power Grid Purchase

Bush, Mexico's Fox explore possible Mexican power exports to western U.S.

Top Energy Summaries - Friday, February 16, 2001 - 5:06 PM

GE Power Systems, PG&E National Energy Group Sign $1 Billion Service=20
AgreementPact to Cover More Than 20 GE Gas Turbines at New Power Plants

Maxim Power Corp.: [Formerly Jupiter Power International Inc. - Reverse=20
Takeover, Name Change

Green Mountain Energy Pulls Up Stakes in California

Penreco Ownership Changes - Zukerman Energy Buys 50 Percent Interest, Share=
s=20
Joint Venture with Conoco

Constellation Energy Group Declares Dividend

E Source Study Finds Voluntary Load Curtailment Solutions Are a Win-Win for=
=20
Electric Utilities And Customers Alike

Arc Energy Trust Announces 2000 Financial Results And Year-End 2000=20
ReservesNot for Distribution to U.S. Newswire Services Or for Dissemination=
=20
in The United States.

North Carolina Community Development Initiative to Make Grants for New,=20
Energy-Efficient Homes

Energy Update/Los Angeles Department of Water And Power Daily Energy Update=
,=20
Friday, Feb. 16, 2001

Energy Update

Advisory/Energy Producers Weekly Power Update Rescheduled

Fitch Rts Reliant Energy Resources' Notes 'Bbb+'; on Watch Neg

Repeats: Energy Volume And Open Interest Totals-Feb 16

Storms Help Water Down Energy Worries

Top Energy Summaries - Friday, February 16, 2001 - 2:03 PM

Manteca Eyed for Power Plant

DTE Energy Files Revised Documentation Seeking SEC Approval of Merger with =
Mcn

Power Company Selects Siemens Wireless Meter-Reading Technology

-Delaware Municipal Electric Corp. Retains ETC As Generating Plant Project=
=20
Manager

Bush issues memo requesting cabinet expedite California power plant review

-Wholesale Generators Facing Windfall Profits Tax in California? - IssueAle=
rt=20
for February 16, 2001

Help Is on the Way for Power-Tight West

Energy Conservation Is the First Step

California Power Alert Still in Effect

Top Energy Summaries - Friday, February 16, 2001 - 11:55 Am

-New England Non-Profit Utilities Say Power Market Proposals Harm Consumer=
=20
Interests

Crowds Protest Power Plants Concerns Over Bergen's Water

Memorandum Expediting Federal Decisions Relating to the Siting And Operatio=
n=20
of Power Plants in California

-CMS Viron President Receives AEE Energy Executive Of The Year Award

Idaho Power Given Nod to Solicit Bids State Regulators Say Utility Can Take=
=20
Farmers' Offers to Sell Back Electricity
Budget Writers Warned About Response to Energy Shortage Plan to Buy Back=20
Irrigators' Power May Affect Economy

Top Energy Summaries - Friday, February 16, 2001 - 9:29 Am

-Managing Power Plant Mercury Emissions To Minimize The Risks

Bush:Expedite Review of CA. Power

A Fuel Cell Future - the Interview with Alan Niedzwiecki, Director of=20
Business at ImpcoThe Need for Cleaner, More Economical And Environmentally=
=20
Friendly Sources of Power Are Spotlighted

-New York Energy Buyers Forum Supports Power Authority Plants

-Consumer Groups Offer Litmus Test For Judging California Governor's Energy=
=20
Plan

Forbes Winding Down Operations at Its Amqui Plant

Peco Energy Transition Trust Completes Refinancing with Pricing of $805=20
Million Asset-Backed Bond Sale

Governor Readies Utility Blueprint / Parent Firms Would Help Defray Price=
=20
Increases

Matier & Ross ; Davis Able to Glide Through Power Crisis Morass

GE Power Systems, PG&E National Energy Group Sign $1 Billion Service Agreem=
ent

Top Energy Summaries - Friday, February 16, 2001 - 7:16 Am

States Shun Comparisons to California in Light of Energy Crisis

Is Detroit Abusing Its Power in Graimark Project?

The Power Crunch

Natural Gas Pinch Makes Farmers Fret the Now-Pricey Fuel Is Used to Make Th=
e=20
Nitrogen They Need for Corn Crops.

Wind Power Viewed As a Boost for Iowa

Puc Reviewing Utility Cutoff Rules

Near-Term Fixes to California Power Crisis Elusive, Analysts Say

Energy Northwest May Refund Up to $500 Million of Debt

U. Houston Expert Says Texas Prepared for Energy Deregulation-(U. Houston)

Texas A&M U. to Generate More Energy-(Texas A&M U.)

----------------------------------------------------------------------
I N T E R N A T I O N A L
----------------------------------------------------------------------
Access stories online at: http://www.powermarketers.com/pma-intr.htm

Nippon Electric Glass Builds Mexico Factory

Tanesco Announces Favorable Decision from Tribunal in Its Long-Standing=20
Dispute with Power Developer

BMW & Delphi Present the First Development Vehicle Equipped with A Solid=20
Oxide Fuel Cell

Nippon Steel to Abandon Wind Power Plan in N. Japan

Energy-Asia: Power Needs May Significantly Shape Foreign Policy

Peruvian Government to Auction for Power Transmission Lines in The Northern=
=20
Region

Paraguay: Parana River Mill Asks for Subsidized Energy

Westport Innovations Inc - Installs Power Generating Station

Forbes Winding Down Operations at Its Amqui Plant

Wind Farm Firms to Test Lie of the Land

First Wholly Foreign-Owned Power Project Starts Operation (2)

GE Power Systems wins 1 bln usd service contract from PG&E National Energy

Power Industry Leader Supports Tepco's 'Pluthermal' Plan

Huaneng Power Announces Share Issuance Approval

British Energy Diversifies Into Wind Farms

Philippine leader assures IMF on passage of stalled power reform bill

Philippines Power Corporation Holds Dialogue on Rate Increase

Friends of the Earth: Nuclear Industry Turns to Renewable Energy

Power Play

Maligned Nuclear Power Born Again

Energy: Asian Needs Likely to Have Major Geopolitical Consequences

China Has Vast Energy Resources

Foreign Investors Want to Build Power Plant in Indonesia

Malaysian-owned power plant in Tanzania to start operating in June

Us, Mexico Eye Energy Alliance

China Environment Board Tightens Screws on Power Plants, Steel Mills and=20
Others

Armenia Not Final Destination of Iran's Natural Gas

----------------------------------------------------------------------
KRT DAILY ENERGY NEWS
----------------------------------------------------------------------
Access stories online at http://www.powermarketers.com/pma-krt.htm

Experts Say California Is Moving Toward Reregulation of Power Industry

Wisconsin Increases Aid for Heating Bills to Needy Families

Tulsa, Okla.-Based Energy Trader Pledges Power for California

Utah Chemical Plant Says Pacificorp Overcharges for Electricity

California Utilities Discontinue Underground Wires Program to Conserve Cash

California's Pacific Gas & Electric Cuts Back on Overtime, Plans Layoffs

Santa Clara County, Calif., Supports Calpine Corp.'S Proposed Power Plant

Hydropower Dams in Northwest Must Choose between Salmon Or Power

Environmentalists Favor Debt-for-Nature Swap in California Power Crisis

Lawsuit, Supply Shortage Deepen California Power Crisis

California Power Crisis Boils Down to Chilly People

Inland California Water Official Challenges Enron on Power-Plant Plan

Idled California Power Plants Imperil Peach Crop

Struggling California Utilities Shake Up Investors

Portland, Ore.-Based Power Agency Seeks Deal with Longview, Wash., Paper Mi=
ll

Charlotte County, Fla., Commissioners Set Water Conservation Rates

Colorado House Bill Resurrects Water Bank

Job Applications Are Not Yet Available for Greenville, KY., Power Plant

California Utilities Officials Travel Courtesy of Energy Companies

Connecticut Attorney General Hopes to Prevent Merger of Two Utilities

Panel Asked to Explore Possibility of Waterford, Conn., Electric Utility

Contractor with Florida Electric Utility Faces Safety Controversy

Experts Warn Florida Could Repeat California's Power Deregulation Experienc=
e

The Kansas City Star, Mo., Jerry Heaster Column

Massachusetts Governor Considers Halting Pollution Limits on Power Plants

Electric Deregulation Process Begins in Texas

Energy Prices Likely to Fall Due to Economic Conditions, Analysts Predict

Natural Gas Prices Could Rise in Summer, Energy Experts Say

Texas Pilot Project for Electricity Competition Begins Today

Houston Hosts Conference on Energy Deregulation

California Wants to Buy Power Lines

Shareholders in California Utilities Face Unusual Risks

Texas Will Offer Electricity Deregulation Pilot Program

`Green' Electricity Supplier to Sell Power in Ohio

----------------------------------------------------------------------
REUTERS
----------------------------------------------------------------------
Access stories online at: http://207.32.82.57/news/ElectricPower.html

2/18/01 FEATURE-Copper holds the key to electrical energy efficiency

2/17/01 Putin talks about energy, rates in Tomsk-Omsk trip

2/17/01 Mexico-U.S. energy aides to meet on power exchange

2/17/01 Innogymay bid 1.9 bln stg for Yorks Elec-FT

*********************************************************
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ELECTRONIC TRADING. Power is following natural gas to become an=20
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NUTS AND BOLTS OF RETAILING. What it takes to put an energy retailing=20
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RETAIL: WHAT WENT WRONG, HOW TO FIX IT. Retail electric deregulation has th=
us=20
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MANAGING BILLING. The complex requirements for managing billing and=20
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the internet for energy markets. E. Russell "Rusty" Braziel, Chairman and=
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Director, Altra Energy Technologies.

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