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The PowerMarketers.com POWER REPORT The PowerMarketers.com POWER REPORT Today's Energy Headlines From PowerMarketers.com The Industry's Preferred Source For Breaking Energy News And Information http://www.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 ------Advertisement------ ATTEND!!! PROJECT FINANCE: THE TUTORIAL April 23-25, 2001 New York, 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, 2001 New York, 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 Download the conference brochure at: http://www.pmaconference.com/pfweek.pdf ? ------Advertisement------ NEW!!! ENERGY JOBS WEEKLY New from PowerMarketers.com, a newsletter in pdf format which includes all the new job postings on the PowerMarketers.com for the past week, updated every weekend. Download it, print it, archive it, FREE! For the current issue of ENERGY JOBS WEEKLY, download at: http://www.pmaconference.com/040101EnergyJobs.pdf ?TOP STORIES US DOE BUDGET PROPOSES 10-YEAR, $2 BLN CLEAN-COAL PROGRAM The Bush administration proposes creating a 10-year, $2 billion clean-coal technology program jointly funded by industry in its fiscal year 2002 budget request for the U.S. Department of Energy that was submitted to Congress Monday. CALIFORNIA GOVERNOR INSISTS UPON NECESSITY OF RAISING RATES Gov. Gray Davis said Thursday that Californians' electricity rates must be raised to ease the state's energy crisis, and that some of the money should help bail out the strapped utilities, which have rung up $14 billion in debt. CALIFORNIA REACHES DEAL ON POWER LINES In a bid to pull the state's second biggest utility back from the brink of bankruptcy, Gov. Gray Davis announced a deal on Monday for the state to buy power lines from Southern California Edison for $2.76 billion. MAJOR RATE HIKES, RELIABILITY ISSUES THREATEN NW POWER SYSTEM; BPA SAYS THE REGION MUST CUT ENERGY USE NOW TO HOLD DOWN COSTS The region's federal electricity system is headed for wholesale rate increases of 250 percent or more after Oct. 1 unless its customers -- the region's retail utilities and large industrial customers -- make commitments to reduce energy use within the next 60 days, the Bonneville Power Administration warned Monday. POWER ACQUISITION TARGETS U.S. Germany's largest power company, E.On Ag, announced Monday that it is buying Britian's Powergen Plc for $14 billion in cash in the largest cross-border European utilities transaction, which includes a substantial investment in the U.S. power business. Dow Jones News, Preferred by the Pros DOW JONES NEWSWIRES- Access stories online at: http://199.97.97.79/IMDS|PMADJN0,PMADJN1,PMADJN2,PMADJN3,PMADJN4|index Freight Train Derails, Leaks Fuel Into Connecticut River PRESS RELEASE: S&P Outlook For Puget Sound Energy Neg Puget Sound Energy Sr Sec Debt Affirmed A- By Moody's PRESS RELEASE: Moody's Affirms Rtgs Of Five PG&E Notes Moody's Confirms PG&E Stranded Costs Securitization Rtgs Calpine Corp Sr Unsec Debt Confirmed Ba1 By Moody's Moody's Comments On 6 Financings With Calif Pwr Exposure PRESS RELEASE: Moody's Comments On Finance Issuers PRESS RELEASE: Moody's Outlook On Calpine Corp Positive Moody's: PG&E Bankruptcy To Have Minimal Effet On NRG Lower Rates Help West Coast Banks Cope With Tech Woes<WM PRESS RELEASE: Moody's Comments On PG&E Bankrutcy, NRG Moodys:PG&E Bankruptcy Increases SoCalEd Bankruptcy Risk PRESS RELEASE: Moody's On US Banks, PG&E Bankruptcy PRESS RELEASE: Moody's Comments On Southern Calif Edison Moody's: US Banks Not Affected By PG&E Bankruptcy US DOE Budget Proposes 10-Year, $2 Bln Clean-Coal Program PRESS RELEASE:Calif Rate-Reduction Bonds Still AAA:Fitch Calif Rate-Reduction Bond Rtgs Unaffected By PG&E:Fitch Dominion:870-MW Millstone 2 Back At Full Power DOE Budget Seeks To Expand Renewable Energy Tax Credits BEFORE THE BELL: Amazon.com Looking Green <AMZN India State Govt Panel To Review Dabhol Power Agreement Enron India Moves To Protect Dabhol From Political Action ABB/Entrelec -3: ABB To Tap Its Cash Reserves <Z.ABB ABB/Entrelec -2: Entrelec Board Supports Bid <Z.ABB ABB's Entrelec Bid Valued At EUR310M Fully Diluted ABB To Bid To Acquire France's Entrelec At EUR63 A Shr ABB: Entrelec Bid Represents 22.5% Premium <Z.ABB Kansas City's Investment In Utility May Be Costly FREE TRIAL: For a free trial of the various Dow Jones index and data services, go to www.dowjonesnews.com, and click "create account," or call 1-800-223-2274. ?NATIONAL - Access stories online at: http://www.powermarketers.com/pma-nat.htm Calif. Reaches Deal on Power Lines Major Rate Hikes, Reliability Issues Threaten NW Power System; Bpa Says the Region Must Cut Energy Use Now to Hold Down Costs SCE And Governor Reach Agreement on Plan to Restore Utility to Financial Health Pacific Gas And Electric Company Receives Court Approval of Second-Day MotionsUtility Granted Authority to Continue Efforts to Secure Natural Gas Supplies, Use Cash Collateral for Normal Business Operations Johanns Wants Wind-Power Plan World Wildlife Fund Climate Change Campaign: Bush Energy Proposal Is Blueprint for More Global Warming Questar Pipeline Enters Agreement to Transport Natural Gas to The California Border U.S. Planning to Rely More on Nuclear Energy Top Energy Summaries - Monday, April 09, 2001 - 5:22 PM Pnm Board Amends Articles And Bylaws to Reflect Changes in State Law, Renames Planned Holding Company As 'Pnm Resources, Inc.'NM Governor Signs Law to Expedite Construction of New Power Plants Officials Try to Balance Power, Fish Dam Managers' Options Include 'Salmon Fund' U.S.' Abraham says DoE creating new fund for clean coal power initiative Distributed Generation Achieving Market Penetration According to Energy Info Source Transalta Announces First Investment in Distributed Generation EDS Delivers Web-Enabled Billing And Payment Convenience to Utilities IndustryWisconsin-Based Alliant Energy Among First to Implement New EDS Ebpp Service; Offering Targets Billers of All Sizes in Multiple Industries Feds Embroiled in Power Debate Sustainable Energy Coalition: Bush Budget Plan Turns Its Back on A Sensible Energy Policy Energy R&D Spending Cuts Criticized Raytheon Estimates Power Projects Wall Street Journal: Bush Energy Plan Increases Reliance on Nuclear Power Shine On: Let the Sun Power the Gadgets That Light Up Your Life Suit To Halt Power Plants Dismissed ... Plus, Inside Politics Stuart Energy Fuels Fuel Cell R&D at National Research Council (NRC) of Canada in Vancouver Natural Gas Services Group Announces Acquisition of Great Lakes Compression, Inc. California ISO Declares A Statewide Stage Two Electrical Emergency; Conservation Needed As Demand Surges And Supply Tightens Westinghouse Process Control Helps Power Plants Upgrade Their Systems for Increased Efficiency And with Less Interim DowntimeEmerson Subsidiary's "Automated Migration Tools" Reduce Outage Time And Costs Associated with Process Control Technology Upgrades U.S. Bank Helps Offset Financial Burden of Energy CrisisOffers Discounted Loans to Individuals And Small Businesses for Energy Improvements Additional Energy Assistance Now Available for New Jersey Natural Gas Customers; Company Joins Statewide Heating Assistance Program Pacific Gas & Electric Files for Chapter 11 Uspowersolutions(R) Selected by Econnergy Energy Company Inc. to Provide Powersolution(R) Services Throughout The Northeast And Mid-Atlantic Regions Kosmont Cost of Doing Business Survey - Special Energy StudyElectric Power Rate Increase Changes the Relative Cost of Doing Business Among Los Angeles County Cities Mtc Joins Internet Home Alliance to Fuel Growth of Home Technology MarketKey Provider of Low-Cost Meters for Energy Management to Aid Alliance's Delivery of Superior Internet Lifestyle Solutions PG&E Bankruptcy Will Not Affect Calpine's Commitment to California Power Market Bankruptcy Bonuses at Calif. Utility Abb Introduces New Ion 8300 Revenue-Class Energy And Power Quality Meter; New Meter Offers Affordable Price with Advanced Time-of-Use And Sag/Swell Features Convergent Group Retained by Northeast Utilities for Business Transformation Project; Utility Seeks Improved Customer Service And More Efficient Operations Energy Softworx And Fsd International Form Alliance to Provide Integrated Fuels Management, Trading And Risk Management Software Solution for The World Energy Market Rising Energy Prices Oil's Bite Worse Than Expected Power Grab -- Some Democrats Favor Seizing Plants Governor, Utility in War of Words / Davis Furious As PG&E Defends Bankruptcy Filing United Technologies to Concentrate on Alternative Energy Sources Shortages Prove Merits of City Utility Ownership INTERNATIONAL - Access stories online at: http://www.powermarketers.com/pma-intr.htm IQ Power Technology Inc. Progress Report Third Unit of Zaporizhzhya Nuclear Power Plant Connected To Power System Teleadapt Offers Protection Against Power Surges And Spikes to PC Users Power Acquisition Targets U.S. International Power E-7 to Construct US$25mn, 5.5mw Hydro Project - Bolivia Sudan: Power Association Aims at Covering Rural Areas with Electricity Supply Brazil: Cosipa to Reduce Energy Consumption Brazil: Energy Majors Plans Investments Borsen: Danish Wind Turbine Companies Apply for UK Projects(Danske Interesser I Engelsk Vind) Expansion: Abo Wind Creates a Spanish Subsidiary(Abo Wind: Creacion De Una Filial En Espana) Latin Review - Colombian Petroleum Company Builds a Natural Gas Plant. Ukrainian Coal Output Edges Up 1% Brazil: CST to Outsource Construction of Thermal Electric Power Facility Peru: Jorbsa Loses Union Fenosa's Partnership to Bid for Power Companies Peruvian State-Owned Power Companies Generated Soles$2.33bil Revenues Last Year The Russian Academy of Sciences (RAS) Considers That The Russian Electric Energy Industry Will Need About $15 Billion of Investments for Modernization of The Old Faciilities in 2001-2005, $40 Billion- in 2006-2010, $64 Billion- in 2011-2015 New Wind plans to float 25 pct of capital this year: head India: "Force Majeure" Clause Invoked in Enron Power Case Utc's International Fuel Cells to Deliver Three Pc25(TM) Power Plants to Sieco S.A.; First Fuel Cells in Latin America Top Energy Summaries - Monday, April 09, 2001 - 9:22 Am Abb Introduces New Ion 8300 Revenue-Class Energy And Power Quality Meter; New Meter Offers Affordable Price with Advanced Time-of-Use And Sag/Swell Features Lightening the Burden of Energy Costs INTERVIEW: Dongfang Electrical Machinery sees weak sales in 2001 SNET, EDF unit on shortlist for minority stake in Skawina power station Top Energy Summaries - Monday, April 09, 2001 - 7:40 Am United Arab Emirates, Eritrea Sign Loan Agreement to Repair Power Plant Five companies shortlisted for Polish hydroelectric power facility Eritrea, United Arab Emirates Sign Loan Agreement to Repair Damaged Power Plant Russian Far East Region Subject to Power Cuts Eastenders Shooting Sparks Power Surge Japan "Considering" Grant to Burma for Power Station Repair BHP, Esso sign Tasmanian natural gas supply agreement with Duke Energy Wind of Change Power Sector under Siege Japan Mulling Grant for Myanmar to Repair Power Station 3 Australian Energy Cos under Threat without Merger: Professor China Set to Assist Pakistan in Coal Mining Development Duke Energy, Onesteel Sign Supply Deal for Tasmanian Pipeline ?KRT - Access stories online at: http://www.powermarketers.com/pma-krt.htm North Carolina Utility Initiates Service to Repair Home Wiring Parts Tacoma, Wash.-Based Utility Continue to Investigate Massive Power Failure Tacoma, Wash.-Based Utility Recommends Power Conservation Florida Utilities to Grant Price Break to Customers Utah Public Service Committee Polls Public Sentiments on Utility Rate Hike California Governor Insists Upon Necessity of Raising Utility Rates Wall Street Turns Skeptical Eye Toward California Governor's Energy Plan Milwaukee-Based Utility Holdings Firm Awards CEO Huge Bonus Kansas Officials Nix Utility's Proposal for Rates Increase California Utility Firm's Bankruptcy Brings Bad News for Creditors Ohio U.S. Senator Defends Emissions from State's Power Plants ?REUTERS - Access stories online at: http://news.powermarketers.com/news/articles/ElectricPower.html California offers to buy SoCal Edison electric grid Pacific Gas says court okays some payments TEXT-S&P comments Duke Energy , Duke Capital Corporate credit rating: Duke Energy Corp. A+/Negative/A UPDATE 1-Calif. Gov. Davis, SoCal Edison to announce deal UPDATE 1-PSEG Power sells $1.8 bln debt to buy plants WRAPUP 1-Legal wheels begin to grind on PG&E bankruptcy UPDATE 1-Edison Intl. shares leap 27 pct on settlement hopes UPDATE 1-Calif. put on power alert due to cold weather UPDATE 2-Pacific G&E, SoCal Edison pressured by Moody's, S&P Caterpillar boosting generator production Cinergy sees 45 pct of 2001 EPS target in H1 ComEd says Chicago will have enough power this summer Canada natgas prices chase U.S. cash, futures higher TEXT-Moody's affirms PG&E's Stranded Costs Securitization American Electric Power files $1.5 bln shelf offering UPDATE 1-Calpine says PG&E in breach of power contracts New Issue - PSEG Power sells $1.8 bln in 3-part debt deal US POWER-In Calif. energy crisis, officials brace for gridlock Calif muni utilities ratings stable after PG&E--Moody's PSEG Power offers juicier yields on $1.6 bln bonds TEXT-S&P comments on NRG Energy Telefonica buys Brazilian stakes from Iberdrola Moody;s may raise Power Gen Plc ratings US Corp Bonds - Spreads wider; utility woes weigh General Electric says unit awarded $601 mln USAF contract WRAPUP 4-E.ON unveils Powergen bid, tighter energy focus Calpine says has $267 mln in accts. receivable with PG&E UPDATE 2-E.ON soars as energy focus sharpens E.ON powers German DAX, weak techs hits Neuer Markt Lehman cuts price target, EPS view on PG&E Poland shortlists five for Skawina power sale WRAPUP 1-E.ON unveils 8.2 bln euros bid for Powergen Enron's Indian unit cites political force majeure E.ON says can put together 50 bln euros war chest Finmeccanica may float transport, cut ST stake E.ON to focus purely on energy, sell Degussa stake E.ON says has funds for new acquisitions Calpine could take charges after PG&E bankrupt-WSJ NEW on the PowerMarketers.com TRAINING PAGE: Access all online presentations at: http://www.pmaconference.com The presentations below are from PMA's Power Markets 2001, taped at the Aladdin Hotel, Las Vegas, March 15-16, 2001. RealVideo-based powerpoint-based presentations, with the accompanying audio. Running about 30 minutes each, selections include: California: What's In Store Randy Abernathy, California ISO http://pmaconference.com:8080/ramgen/2california.rm Texas: The BIG Retail Market John O'Brien, Skipping Stone http://pmaconference.com:8080/ramgen/2texas.rm Weather: The Everyday Crisis Lynda Clemmons, Element Re http://pmaconference.com:8080/ramgen/2weather.rm The Risk of Managing Risk Robert Jacobs, Derigen Consulting http://pmaconference.com:8080/ramgen/2volatility.rm Making the Most of Transmission Bill Townsend, Friedwire http://pmaconference.com:8080/ramgen/2transmission.rm Realtime Pricing Solutions Tony Banks, Optiron http://pmaconference.com:8080/ramgen/2rtp.rm Don't forget you can choose to stream the presentation immediately over the web, or download it to your computer for later viewing-- Free! Access all online presentations in streaming or downloadable format at: http://www.pmaconference.com 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! Check it out today! http://www.energyyellowpages.net/ OTHER NEWS & INFORMATION FEATURES ON POWERMARKETERS.COM: PRICEWATERHOUSECOOPERS NEXT-DAY POWERTRAX ELECTRIC PRICE INDEX: Access online at: http://www.powermarketers.com/p-trax.htm ELECTRICITY SPOT PRICES: Access online at: http://www.dtnergy.com/pma/spot.cfm ELECTRICITY FUTURES PRICES: Access online at: http://www.dtnergy.com/pma/electric.cfm NATURAL GAS FUTURES PRICES: Access online at: http://www.dtnergy.com/pma/gas.cfm THE PowerMarketers.com JobSite: Access online at: http://www.powermarketers.com/pmajobs.htm A daily visit to "The PMA Jobs Site" at http://www.powermarketers.com/pmajobs.htm connects you to a wealth of power industry opportunities that could supercharge your career! 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: Dow Jones, 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, point your browser to "The PowerMarketers.com POWER REPORT" subscription services form at http://www.retailenergy.com/pma/dprreg.htm? To unsubscribe from this service via e-mail, send a message to pma@powermarketers.com
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