Message-ID: <20974996.1075841872171.JavaMail.evans@thyme> Date: Mon, 26 Mar 2001 16:25:00 -0800 (PST) From: pmadpr@worldnet.att.net Subject: PowerMarketers.com Daily Power Report for 27 March 2001 Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii 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 ************************************************************************ Attend PROJECT FINANCE: THE TUTORIAL April 23-25 2001 NY NY *The Best Available Introduction to Project Finance for Developers, Lenders and Other Project Participants * Voted Best in Its Field by Over 2500 Attendees * Fully Updated for Today's Merchant Power Environment! and PROJECT STRUCTURING IN THE REAL WORLD: ADVANCED SEMINAR April 26-27 NY NY * Recognize and Surmount the Deal-Breakers in Project Financings * Designed for the Active Market Participant * Gain Insights from Nationally Recognized Financiers: Richard D. Grant & Robert O. Gurman EARLY BIRD DISCOUNT EXTENDED UNTIL MARCH 30! REGISTER NOW! Download the conference brochure at: http://www.pmaconference.com/pfweek.pdf ************************************************************************ --------------------T O P S T O R I E S-------------------- Top Stories (March 26) HOUSE PANEL WRAPS UP HEARINGS ON CALIFORNIA ENERGY CRISIS, TO CONSIDER AID A key House panel wrapped up a series of hearings on the California electricity crisis Thursday and now will decide whether to come to the state's aid with legislation. http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri dder/2001/03/26/krtbn/0000-0156-SA-ENERGY-CRISIS ALTERNATIVE ENERGY BILL PROGRESSES THROUGH CALIFORNIA LEGISLATURE A quickly melded proposal that would assure payments for alternative energy suppliers whose money woes contributed to power blackouts this week stalled Thursday in a divided Legislature. http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri dder/2001/03/26/krtbn/0000-0155-SA-ENERGY-BILL CINERGY BUYS TENNESSEE, MISSISSIPPI POWER PLANTS FROM ENRON A Cinergy Corp. affiliate has completed the purchase of two merchant power plants from Enron Corp., giving the Cincinnati-based utility 1,000 megawatts of new supply in the U.S. Southeast. http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/ 03/26/eng-djn/eng-djn_180040_74_8149668332189 MEXICAN, TEXAS CONCERNS TEAM UP TO PURSUE POWER PROJECTS Mexican construction concern Grupo Hermes said Monday it has agreed to form a joint venture with San Antonio, Texas-based H.B. Zachry to participate in electricity projects in Mexico. http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/ 03/26/eng-djn/eng-djn_220040_180_889574261382 SCOTTISH POWER UNIT FILES FOR $42.7M RISE IN OREGON RATE U.K. electricity firm Scottish Power PLC said Monday that its U.S. subsidiary PacifiCorp has filed a request with the Oregon Public Utility Commission to increase rates for a period of approximately three months starting May 2, 2001. http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/ 03/26/eng-djn/eng-djn_070040_7_773104198277 ---------------------------------------------------------------------- DOW JONES NEWSWIRES ---------------------------------------------------------------------- Access stories online at: http://199.97.97.79/IMDS|PMADJN0,PMADJN1,PMADJN2,PMADJN3,PMADJN4|index Mexican, Texas Concerns Team Up To Pursue Power Projects Cinergy Buys Tenn., Miss. Power Plants From Enron>CIN ENE NZ PRESS: Contact Energy Acting Chief To Stay In Post Nuon To Hold Press Conference On Purchase Of US Water Co Acid Rain a Problem Despite 1990 Clean Air Act - Report AES Venezuela EDC Unit Postpones Divs On Poor '00 Results Phelps Dodge To Implement Power Cost Stabilization Plan Phelps Dodge/Cost, Job Cuts -2: Curtailments In Colo Ops Scottish Power Unit Files For $42.7M Rise In Oregon Rate FRENCH PRESS: EDF Sends Letter Of Interest For Czech CEZ 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 California Utilities Commission Proposes 40% Power Rate Jump TVA Is Ready for Red Hills Power Plant Will Help Appease Agency's Record Needs Power Company Mvm Sets March 31 Deadline for Distributors To Pay Arrears in Billing Dispute Provident Energy Trust to Acquire Maxx Petroleum Ltd.; Provident Energy Trust to Increase Cash Distribution from $3.00 to $3.60 Annually Forum Scheduled on Energy Crisis Calif. Regulators to Approve Increase in Retail Power Rates (Wrap) Hydrogenics Get $2 Million in Government Funding for Fuel Cell System Ftcr: Deregulation Disaster; 160 Percent Increase in Utility Bills Projected, 83 Cents of Every Dollar Goes to Profiteers Governor Proclaims April Texas Electric Choice Month Top Energy Summaries - Monday, March 26, 2001 - 5:23 PM Energy Update/Los Angeles Department of Water And Power Issues Daily Energy Update for Monday, March 26, 2001 Electricity Customers in Texas Switch to The New Power Company Abraham Sees More Calif. Power Shortages Process & Power 2001 International Conference Emphasizes Technical Content And Practical Value115 Sessions Include ``Features at Work'' Series for Users of Intergraph Process & Building Solutions Software Repeats: Energy Volume And Open Interest Totals-Mar 26 Five Utilities Establish New Retail Energy Services Company CalPERS Has Big Energy Tie Top Energy Summaries - Monday, March 26, 2001 - 12:18 PM Alstom hopes to increase U.S. market share on back of power shortage Board Downplays Power Line Worries Ocean Energy to Acquire Texas And Louisiana Assets New High Capacity Storage Technology Set to Relieve California Energy Woes. Exxon Mobil Corporation Joins California Fuel Cell Partnership Idaho Power Seeks Hefty Hikes Rates Could Jump 34 to 62.8 Percent Senate: Help Energy Buyers Lawmakers Vote to Give Puc Bond Authority American Power Conversion Broadens Its Rack Accessory Offering with A New Compact, All-in-One Monitor for Data Center Applications Alpine Resources Retains Madison Energy Advisors for Texas And Louisiana Divestment Over 5,000 Electricity Customers in Texas Switch to The New Power Company in Just Three Weeks Top Energy Summaries - Monday, March 26, 2001 - 9:18 Am Jea Deploys Imedeon's Mobile Workforce Management ApplicationApplication Suite Enables Utility to Reduce Field Service Chain Support Costs Uspowersolutions(R) Selected by Washington Gas Energy Services, Inc. to Provide Powersolution(R) Services Throughout Mid-Atlantic Region Itron, Inc. Books Over $70 Million in New Orders in Q1; Largest Order -- A $39.5 Million Mobile Amr Order in Electric Systems Cancoil Integrated Services Inc. Announces Signing of Memorandum of Understanding with Halliburton Energy Services Phelps Dodge to Implement Power Cost Stabilization Plan Fuel Cells to Help Alleviate Current Energy Crisis As Output Will Multiply by Factor of 250 in Next Decade, According to Abi Duke Energy Stands by Its California Prices; Will Offset Credit Premiums Charged When Past-Due Payments Are Received Top Energy Summaries - Monday, March 26, 2001 - 7:43 Am VCs Focus Power on Energy Start-Ups Cost-cutting Advances Considered a Good Bet Dynegy Inc - Introduces Coal And Emission Products to Dynegydirect Energy Alternatives With Natural-Gas Supplies Running Low, Prices Are Likely to Rise in Utah Duke Energy Corp - Stands by California Prices; Will Offset Credit Premiums Charged - When Past-Due Payments Are Received Ballard Power Systems Inc - to Supply Fuel Cells to Daimlerchrysler for 30 Fuel Cell Buses Ivanhoe Mines Ltd: Duke Energy Corp - Ivanhoe Mines Agreement with Duke Energy International Will Switch - Tasmanian Pellet Plant to Cleaner Burning Natural Gas Silverado Gold Mines Ltd - Turning Coal Into a Low Cost, Clean Burning 'Green Fuel' NCE Energy Trust - Offer to Purchase Shares of Forte ---------------------------------------------------------------------- I N T E R N A T I O N A L ---------------------------------------------------------------------- Access stories online at: http://www.powermarketers.com/pma-intr.htm Aigrettes Return to Coal City in East China Hydro Plants to Pay US$332mn Water Royalties - Brazil Seven Companies Present Solar Offers - Ecuador General Electric Loosens Its Belt The World's Largest Plasma Wind Tunnel Energy Researchers Focus on Methane Hydrate Top Energy Summaries - Monday, March 26, 2001 - 2:31 PM China's Coal Reserves Account for 11.1% of World Total Pakistan's Uch, Habibullah Power Plants Start Operations Adb Procurement - Bangladesh, Power System Upgrade Restructuring of Coal Industry to Be Accelerated in China Nuclear power output in Europe rises Colombia: Electricity Generation Groups in the Dock Atomic Power Project Beset by Delays Visteon to Host Industry Consortium Toward Advancements in Automotive Electrical Systems in Palmela, Portugal March 26-27 Fletcher Building Limited - Upon Separation from The Fletcher Challenge Group - Selects Citibank for NYSE Listed Adr ProgramFletcher Challenge Energy Sold to Shell And Apache Corporation Energy Firm Harnesses US Wind Deal International Firm to Build Power Plant, Sugar Refinery in Yemen Free Zone Ballard to Supply Fuel Cells to Daimlerchrysler for 30 Fuel Cell Buses Italy not to import gas from EU countries not opening up energy market - Letta Siemens to Form Joint Business Initiatives with YazakiJoint Ventures to Develop, Manufacture, And Sell Advanced Vehicle Electrical Systems Push for N-Power Complicates the Disposal Fight in Utah Pakistan Paper Reports Expected Arrival of Chinese Minister for Energy 26 March Old Mutual PLC Energy Fund Investment Launches UK Power Exchange Energy Firm Wins US Wind Deal Sweden to Build Offshore Wind Energy Complex Russia to Import Coal from Mongolia STOCKWATCH: Johnson Electric sharply higher on follow-through buying Whitehall Says Yes to Gigantic Power Plant Japan extends energy loan to crisis-hit Mongolia ---------------------------------------------------------------------- KRT DAILY ENERGY NEWS ---------------------------------------------------------------------- Access stories online at http://www.powermarketers.com/pma-krt.htm House Panel Wraps Up Hearings on California Energy Crisis, to Consider Aid Alternative Energy Bill Progresses Through California Legislature Operators of California Power Grid Testify of System Abuses New York Power Company to Consider Downsizing Generator Plan California Lawmakers Look to Shore Up General Funds As Utility Woes Continue Former Foes Agree to Southern California Water Transfer Orchard Park, N.Y., Energy Firm Racks Up Bigger Quarterly Losses ---------------------------------------------------------------------- REUTERS ---------------------------------------------------------------------- Access stories online at: http://news.powermarketers.com/news/articles/ElectricPower.html Calif. regulators seek payments to power plants American Electric seeks buyers for Seeboard - FT UPDATE 1-Calif. regulator plan would boost electric rates 40 pct FACTBOX-Key facts on German nuclear waste shipments Mexico debt to grow if power reform not passed-official Emergency Western power plan sent to White House UPDATE 1-PG&E, Edison Intl shares surge on power rate rise UPDATE 2-PG&E may take $4.1 bln charge; shares soar on proposal Brazil in deep water as power sector lacks water NU unit sets stranded cost deal in calm ABS mart UPDATE 1-Calif. regulator proposes raising retail power rates Canadian natgas mostly lower with warmer Alberta temps UPDATE 1-Venezuela's Electricidad suspends qtrly dividend UPDATE 2-Phelps Dodge cuts U.S. copper, moly production TEXT-S&P comments on Enron Corp UPDATE 1-NU unit launches $1.44 bln stranded cost deal UPDATE 1-Enron sees 5 pct chance of Portland General sale Duke says would take less for California power sales Venezuela's EDC shareholders okay separation plan NU unit launches $1.44 bln stranded cost ABS deal Vermont Yankee hires JP Morgan to auction nuclear reactor UPDATE 1-PG&E says may take $4.1 bln charge for power costs PG&E says may take $4.1 bln charge for power costs TEXT-Moody'S rates RWE AG and RWE Finance BV TEXT-Moody's rates HQI Transelec Chile S.A. RPT-El Paso, Coastal take charge on natgas hedging activities TEXT-S&P rates Avista Corp $300 mln offering BBB E.ON eyed for news on Powergen bid German HEW sees Veag takeover battle resolved soon France starts nuclear waste transport to Germany ********************************************************* NEW on the POWERMARKETERS.COM TRAINING PAGE ********************************************************* Access all online presentations at: http://www.pmaconference.com Coming soon! PMA Power Markets 2001 presentations, taped at the Aladdin Hotel, Las Vegas, March 15-16, 2001. Don't forget you can choose to stream the presentation immediately over the web, or download it to your computer for later viewing-- Free! RealVideo-based powerpoint-based presentations, with the accompanying audio. Running about 30 minutes each, 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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