Message-ID: <16689732.1075841872227.JavaMail.evans@thyme> Date: Tue, 27 Mar 2001 16:33:00 -0800 (PST) From: pmadpr@worldnet.att.net Subject: PowerMarketers.com Daily Power Report for 28 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 ANNOUNCING: DAILY POWER REPORT GOES HTML! "Starting on Monday, April 9, the PowerMarketers.com Daily Power Report will be sent to you in HTML Format. This means you will be able to click on the headlines and go straight to the stories! Many of you have been clamoring for this for a long time-- it's coming!!! But for those who can't read html, you can still get the text version (or both text and html for that matter). Just go to: http://www.retailenergy.com/headsel.htm Thanks for reading" ====================================================================== 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 ************************************************************************ NEW!!! THE CHARTWELL NEW PRODUCTS AND SERVICES REPORT, 2001 * See first hand why Pepco chose to provide a fee-based service called Chief Energy Officer Online that helps energy managers at large companies keep track of load data. * Learn about some of the difficulties Avista Services faced when it began offering a satellite-based television and Internet service * Find out how Energy United chose both a vendor and a joint venture partner, as well as how it set up a separate organization with a separate board of directors for its segue into the home security business. * Understand some of the holdups that can affect product launches based on Alliant Energy's experience in the Green Power market. * Learn about FirstEnergy Services Corp.'s energy and facilities services, including lighting retrofits, facility automation and energy conservation measures. Download brochure at: http://www.pmaconference.com/npslaunch.pdf ************************************************************************ --------------------T O P S T O R I E S-------------------- Top Stories (March 27) CALIFORNIA APPROVES 40 PCT ELECTRIC RATE INCREASE The California Public Utilities Commission approved on Tuesday a 40 percent increase in electricity rates to cover the soaring cost of energy and pump more cash into the state's near-bankrupt utilities. http://news.powermarketers.com/news/articles/ElectricPower/03_27_2001.reutr-st ory-N27533739.html ALLEGHENY ENERGY PLANS TO SELL ELECTRICITY TO CALIFORNIA Allegheny Energy announced Thursday that it has signed a 10-year contract to sell electricity to California. http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri dder/2001/03/27/krtbn/0000-0387-WV-ELECTRIC OFFICIALS MAY CALL FOR DELAY OF OREGON'S ELECTRICITY MARKET Ever since the energy crisis hit the Northwest, utility Commissioner Ron Eachus and Oregon Senate President Gene Derfler have quashed any attempt to halt Oregon's march to partial deregulation of the state's electricity market Oct. 1. http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri dder/2001/03/27/krtbn/0000-0248-PO-ENERGY-DEREG SOUTHWEST POWER POOL TO STUDY 6 NEW TRANSMISSION LINES A working group within the Southwest Power Pool identified six new transmission lines with an estimated price tag of $240 million needed to ease the region's constrained high-voltage grid. http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/ 03/27/eng-djn/eng-djn_150045_7_79741185018793 BRITAIN CONSIDERING NEW POWER MARKET ABUSE MEASURE Britain's energy minister Peter Hain on Tuesday said he was considering new proposals from energy regulator Ofgem for a market abuse condition in the licences of electricity generators. http://news.powermarketers.com/news/articles/ElectricPower/03_27_2001.reutr-st ory-L27183577.html ---------------------------------------------------------------------- DOW JONES NEWSWIRES ---------------------------------------------------------------------- Access stories online at: http://199.97.97.79/IMDS|PMADJN0,PMADJN1,PMADJN2,PMADJN3,PMADJN4|index Brazil's Govt To Issue Cesp Sale Date And Price Soon PRESS RELEASE: PSEG Power Corp Credit Rated BBB By S&P Southwest Power Pool To Study 6 New Transmission Lines Public Service Enterprise Group Affirmed At BBB By S&P PSEG Power LLC Corp Credit Assigned BBB By S&P FirstEnergy: 1320-MW Perry Holding Power For Testing Revised Palo Verde Futures Vol. Mar. 26, 2 E.On Keeps Market Guessing On Next Step In Expansion US AEP: Seeboard Sale Before 2002 Would Be Difficult US Weather: Light Snow Forecast In Eastern Great Lakes E.On/War Chest -3: Wants To Keep Degussa In DAX E.On/War Chest -2: Sees Special Gains From VAW, Stinnes E.On/Bewag -3: Rules Out New Stinnes Offering In 2001 E.On: Has EUR30B-EUR45B War Chest For "Expansion Plans" E.On/Bewag -2: Arbitration Recommended 50-50 Split E.On Sees '01 Double-Digit Operating Pft Growth Rate E.On Sees Bewag Arbitration Ruling In 10-14 Days Whitman Urged Bush Not To Break CO2 Campaign Vow - Report 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 Pa Gov. Ridge Congratulates Nora Mead Brownell, Tapped by President Bush to Be Federal Energy Regulatory Commissioner DTE Energy Executive to Present at Salomon Smith Barney Distributed Generation & Power Technology Conference March 29 Calif. Regulators Raise Power Rates Call for Conservation Comes As California ISO Issues Stage Two Electrical Emergency Neuco, Inc. And Black & Veatch to Develop Power Industry's First Integrated, Real-Time Performance Monitoring, Cost Tracking And Optimization Solution Advisory/Congressional Announcement of New Tax Legislation Giving Major Boost to Nation's Fuel Cell Alternative Energy Sector Senate Mulls Two Energy Proposals Top Energy Summaries - Tuesday, March 27, 2001 - 5:20 PM Rentech Presentation at Howard Weil Energy Conference to Be Available on The Rentech Web Site Mariner Energy Announces Sale of Remaining 20 Percent of Devils Tower Deepwater Gulf Development Project Sempra Energy Resources Breaks Ground on Clean, Efficient Mesquite Power Project$500 Million Facility to Meet Fast-Growing Region's Electric Demands PSE Files Plan Rewarding Customers Who Conserve And Shift Electricity Usage; `Next Generation' of Energy Management Empowers Customers to Manage Use, Control Costs Hospital's Power Cut Psi Energy President Named Assistant Energy Secretary Patterson Energy, Inc. And Uti Energy Corp. Clear Hart-Scott-Rodino Gasco Energy, Inc. Agrees to Acquire New Energy West Corporation Plant Foes Power Up Southwest Michigan Residents Organizing Cathedral Energy Services Ltd. (Operating As Directional Plus) Year End Report for the Twelve Months Ended December 31, 2000 Duke Energy Gas Transmission Offers High Deliverability Salt Cavern Storage Services from Copiah County, Miss. Natural Gas Outlook Repeats: Energy Volume And Open Interest Totals-Mar 27 GOVERNMENT OFFICES ORDERED TO MEET ENERGY-CUTBACK REGULATIONS Calif. Puc Meets on Power Rate Hike Texas Claims Bragging Rights on Power Calpine Announces 1,000-Megawatt Natural Gas-Fired Power Project in Deer Park, Texas Northwestern Joins with Governor Martz in Proposing 'Montana First Megawatts' Select Energy Group Wins State Contract for Largest U.S. Fuel Cell Installation to Date Media Advisory: Niagara Mohawk Teleconference to Outline Power Supply Portfolio for Summer 2001 U.S. Laboratories Awarded Puget Sound Energy Contract State Proposes Electric Rate Hike: Puc Suggests 30 Percent Average Increase; Industry Hit Hardest Satcon Launches Power Conversion Product Line for Distributed Power; Introduces Its Powergate100, Gridlink8 And Cellpack48 Systems for Power Conversion Boulder City Looks at Energy Business Park Republican Assembly Coup As Cox Replaces Campbell / Leader Voted Out Over Handling of Energy Crisis Nethercutt Says Power High Priority Environmental Rules May Take; Back Seat to Energy Production Duke Energy Corp - Gas Transmission Offers High Deliverability Salt Cavern Storage - Services from Copiah County, Miss. Firm Cancels Power Plant in Gorham Glendale Mulls Financing of Magnolia Power Plant Prepared to Go Dark Santa Clarita Ready for Power Shortages Alstom Wins Major Order for Clean Coal-fired Power Plant in the US Electric Power Demand Growth in the Peninsula, During February, Reached 4,2% Why Neta May Prove An Expensive Flop in Reality the New Power Trading System Is Unlikely to Deliver A Further Reduction in Prices Pipeline's Path Could Be Decided in Next Few Days State Agency Will Rule by Tuesday Whether N.J. Energy Company Can Buy Virginia Gas CO. Narragansett Electric Seeks Another Rate Hike -Oklahoma City-Based Energy Firm Goes Ahead with Initial Offering Rally Energy Corp: Energy Power Systsems Ltd - Rally Enters Into Agreement with Energy Power Systems Ltd. ---------------------------------------------------------------------- I N T E R N A T I O N A L ---------------------------------------------------------------------- Access stories online at: http://www.powermarketers.com/pma-intr.htm Positives Seen in Loss of NZ Energy Assets Chubu Electric Cuts FY '01 Capex to 428.8 B. Yen Japan Power Companies to Liquidate LNG Firm Nissin Food, Tokyo Electric Added to World Cup Sponsors Tohoku Electric Power Cuts Spending Plan Coal Comfort: Luscar Says 30% European Price Rise Confirms Enterprise Value Politicians Propose Power Subsidies - Chile Environment-Argentina: Winds of Hope for Alternative Energy Brazil: Cpfl Starts Construction of Thermal Electric Power Facility in Sao Paulo Paraguay: Parana River Mill to Operate with Subsidized Power Tariffs Brazil to Double Power Energy Imports from Argentina Ecuador: Conelec Encourages Alternative Energy Sources Zurich Global Energy Incorporates Marine Group; Takes Advantage of Financial Strength, Will Boost Efficiency Top Energy Summaries - Tuesday, March 27, 2001 - 2:22 PM Brazil : Rio De Janeiro Attracts Companies in Telecommunications And Energy Sectors Canaan Energy Corporation Announces Financial Results for 2000 Power Prices Could Be Cut by 30% Conoco Chairman -- the State of The Global Energy Industry Top Energy Summaries - Tuesday, March 27, 2001 - 9:30 Am Moscow Mayor Yury Luzhkov Consider the Privatization of Energy Enterprises Which Enter The System of Rao EES of Russia Is Unnecessary Plug Power And Vaillant GMBH Unveil Fcha System at Ish Fair Ocean Power Corporation - Sigma Update Caminus at the Heart of U.K.'S Far-Reaching Regulatory Changes That Introduce Competitive Power Markets, Beginning Today Beijing To Build Usd 82.13 Mln Garbage Incineration Power Plant Top Energy Summaries - Tuesday, March 27, 2001 - 7:40 Am Brocker Technology And Trustpower Report Successful Marketing of Cell Phone Program to Utility Customers Ocean Power Corporation Sigma Update Italy Daily Criticizes EU Summit Over Energy Deregulation Stance Ukraine to Privatize Six Regional Electric Utilities South Korean Nuclear Energy Industry Team to Visit China French opposition to energy liberalisation to be shortlived - Prodi Finland: Russia's Closing of Border Post Attributed to Failure to Pay Power Bill Power Company Wants Russian Regions to Clear Debts Bonus Energy Wins Major Wind Turbine Contract in the US Korean Ministry Sends Nuclear Energy Industry Team to China Atomic Power Plants Not Completely Safe: Japanese Govt Report Hitachi Cable, Sumitomo Electric to Form Cable Joint Venture China to Begin Construction on Power Projects in 2001 Inner Mongolia Power CO Puts Up 16 Wind Power Generators China's Wind Energy Reserves Estimated to Be 3 Bln Kw Japan's Kansai Electric to Cut Capital Spending by 8% in Fy01 Hangzhou to Build China's Largest Refuse-Burning Power Station Sooting Their Needs: China's Coal Use Decimating Gdp, According to Officials' Estimate Wake-up Call on Power Deregulation ---------------------------------------------------------------------- KRT DAILY ENERGY NEWS ---------------------------------------------------------------------- Access stories online at http://www.powermarketers.com/pma-krt.htm Allegheny Energy Plans to Sell Electricity to California Records Indicate Coal-Firm Lawsuits Were Dismissed without Legal Advice Stock of Washington State Utility Metering Company Bucks Trend, Gains Ground Spokane, Wash., Officials Expect Energy Crisis to Impact School Heating Bills Washington State Utility Company Prospers Due to Energy Trading Business California Residents Criticize Proposed Electricity Rate Hike California Tech Firms Struggle to Digest Electricity Rate-Hike Proposal California Energy Firm Wins Right to Halt Electricity Sales to Utility California Hospitals Won't Face Rolling Power Outages Utility Chooses Transmission Line Route Through Riverside County, Calif. The Press-Enterprise, Riverside, Calif., Andy Mccue Column Officials May Call for Delay of Deregulation of Oregon's Electricity Market Rhode Island Energy Firm Looks to Raise Rates Again Electricity Rate Increases Are a Jolt, Say Rhode Island Consumers Utility Looks to Drop Natural Gas Rates by 14.3 Percent in Erie, Pa. Butte, Mont.-Area Energy Firm Tests Generator Akron, Ohio-Based Energy Firm to Eliminate 100 Jobs -Electricity Marketers Ordered to Justify Prices in California -Oklahoma City-Based Energy Firm Goes Ahead with Initial Offering -Oklahoma City to Host Workshop on Wind-Power Opportunities -San Antonio, Texas, Asked to Refuse Tax Breaks to Companies over Aquifer -San Antonio, Texas, Utility Director Reassigned after Consulting Inciden -Employees of Knoxville, Tenn., Nuclear Plant Complain of Unpaid Overtime ---------------------------------------------------------------------- REUTERS ---------------------------------------------------------------------- Access stories online at: http://news.powermarketers.com/news/articles/ElectricPower.html UPDATE 1-Calif. okays plan to ensure small generators are paid WRAPUP 1-Calif. approves 40 pct electric rate rise Dominion utility chief says nuke waste site long overdue New Issue - American Transmission sells $300 mln notes INTERVIEW-Calif treasurer says PUC ruling shields coffers Giuliani asks for New York wholesale power price caps Williams, NRG CEOs cheer California rate hike UPDATE 1-SoCal Edison to make some missed interest payments Hydro-Quebec sees U.S. sales growth slowing in 2001 FUND VIEW-GE Value managers eye retailing, insurance, energy Standard & Poor's says changes S&P 500, MidCap 400 indices NU unit stranded cost deal brightens drab ABS market Protests delay German nuclear waste transport Connecticut orders largest fuel cell system yet TEXT-Moody's cuts Allegheny Energy rtg to Baa1 Enron CEO says Calif. rate hike will help UPDATE 1-Calif. approves 40 pct electric rate increase UPDATE 1-Bush names two FERC commissioners, keeps Hebert El Paso ends work on damaged N.M. natural gas line Calpine to build 1,000 megawatt natural gas plant in Texas Enron rewards Lay with $7 mln bonus PNM raises 2001 Q1 earnings forecasts on power prices TEXT-S&P may still raise AES Corp ratings RPT-Bush picks two FERC commissioners UPDATE 1-NU unit prices $1.44 bln stranded cost deal Ariz. Palo Verde 1 nuke coasts down for 35-day refuel Oklahoma Gov signs $5.3 bln budget, vetoes spending Chile Feb. electrical output rises 3.9 pct yr/yr UPDATE 1-AEP seeks buyers for UK-based Seeboard-sources TEXT-Moody's cuts Tampa Electric Co ratings FERC changes date for Western power meeting Italy Treasury says 2nd Enel stake sale put off TEXT-S&P rates Edison Mission Energy notes Britain considering new power market abuse measure Cinergy unit Pres. Bailey named to U.S. Dept. of Energy Exelon files $1.5 bln shelf offering of debt securities UPDATE 2-E.ON seeks to expand, no news on Powergen INTERVIEW-E.ON eyeing all Spanish power market players Vietnam censures 2 officials for neglecting duties Japan govt admits dangers of nuclear power Portugal's EDP could sell Guatemalan firm stake Duke Australia gas pipeline ruling delayed ********************************************************* 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. 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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