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Subject:PowerMarketers.com Daily Power Report for 11 April 2001
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Date:Tue, 10 Apr 2001 16:15:00 -0700 (PDT)






The PowerMarketers.com POWER REPORT
The PowerMarketers.com POWER REPORT
Today's Energy Headlines From PowerMarketers.com
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?TOP STORIES

CALIFORNIA OFFICIAL SPARS WITH U.S. ON POWER POLICY

As California and other Western states grid for a summer of energy shortages
and rising electricity costs, the chairman of the Federal Energy Regulatory
Commission said that the Bush administration would do everything possible to
ease the problem, except give California what it wants the most - price caps
on wholesale fuel costs, The New York Times reported Tuesday.

CALIFORNIA'S POWER STRUGGLE DRAGS ON AMID HIGH PRICES, SHORTAGE OF ELECTRICITY

The way they lambasted each other for PG&E's plunge into bankruptcy Friday,
Gov. Gray Davis and the utility's top executives sounded like innocent
passengers on the Titanic, seemingly powerless to prevent it from sinking.

FPL GROUP PLANS NEW NATURAL GAS-FIRED ALABAMA PLANT

FPL Group Inc.'s FPL Energy LLC unit plans to build, own and operate a
624-megawatt, natural gas-fired power plant in Calhoun County in northeastern
Alabama.

E. ON, POWERGEN DEAL WILL CREATE SECOND-LARGEST UTILITY

E.ON AG unveiled plans to take over Powergen PLC for 8.2 billion euros in
cash and assume 7.1 billion euros in debt, a deal that would create the
world's second-largest electricity-service provider and strike one of the
boldest moves yet to consolidate Europe's newly deregulated power industry.

AS DEMAND GROWS, INSUFFICIENT ELECTRIC LINES COULD CHOKE OFF POWER IN MIDWEST

Energy insiders are talking a lot among themselves this spring about the
coming power squeeze caused by overloaded electric transmission lines.

TRANSALTA BEGINS CONSTRUCTION ON $210-MILLION US POWER PLANT IN PACIFIC
NORTHWEST

TransAlta broke ground today on the site of its $210-million US ($310-million
Cdn) 248-megawatt (MW), natural gas-fired combined-cycle power plant near
Centralia, Washington. Washington Gov. Gary Locke joined Murray Nelson,
TransAlta's executive vice-president Generation, at the plant site to dig the
first spade into the ground for the Big Hanaford Project.


Dow Jones News, Preferred by the Pros

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


NRG Energy Sr Unsec Confirmed At Baa3 By Moody's <NRG

PRESS RELEASE: Moody's Confirms NRG Energy Rtgs <NRG

PRESS RELEASE: Fincl Insurers Stable After PG&E: Moody's

Fincl Guarantors Outlook Unch After PG&E Filing:Moody's

CNMV: 59% Of Cantabrico Hldrs Give Tentative Takeover OK

CNMV/Cantabrico -2: Market Watchers Had Expected Split

NY Judge Seen Halting Queens Power Turbines Tuesday

PRESS RELEASE: Dynegy Credit Quality Remains Stable - S&P

Dynegy Credit Quality Remains Stable - S&P

REPEAT&CORRECT: Mirant CEO: PG&E May Set Power Precedent

FPL Grp/Plant -2: To Sell Electricity To Southern Co. Unit

FPL Group Plans New Natural Gas-Fired Alabama Plant <FPL

BRAZIL PRESS: NRG Seeks To Form Group To Buy Cesp Control

FPL Group Inc. Puts 1Q Net At Meeting Expectations

FPL Group Inc. Puts 1Q Net At 76c/Shr Before Expenses

FPL Group Puts 1Q Merger Termination Expenses at $30M

Mirant CEO: PG&E May Set Power Precedent

FPL Group Estimate -2: Had Planned To Merge with Entergy

FPL Group Estimate -3: Yr-Ago 1Q Net 71c/Share <FPL

INTERVIEW: Mirant CEO -3: Asia Remains Profitable

CORRECTION: Mirant Wants Block Bewag Sale To HEW

INTERVIEW: Mirant CEO -2: Hopes To Resolve Bewag Row

INTERVIEW: Mirant CEO Says PG&E May Set Power Precedent

WSJE: E.ON, Powergen Deal Will Create Second-Largest Utility

Calif Official Spars With U.S. On Power Policy - NYT

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


Transalta Begins Construction on $210-Million US Power Plant in Pacific
Northwest

Energy Problems Could Force Industrial Exodus, Canacintra Says

Environmental Power Corporation Settles Sunnyside Litigation

Calif Reaches Power Line Deal with SCE

Top Energy Summaries - Tuesday, April 10, 2001 - 5:21 PM

Exxel Group May Purchase Energy Distributor

Energy Threats May Impact Rivers

Caterpillar Conquers Power Terrain

Energy Chiefs Chase Bargains

Western Power Sources Strained to Limits

Midwest Generation Joins Electric Power Generation Association

Alliant Energy Integrated Services - Cogenex Begins $6 Million in Energy
Upgrades at Patuxent River Naval Air Station

Pseg Power Suspends Plans for Power Plant in White River Indiana

General Electric Is Not under Threat from Pg & E's Collapse, Analysts Say

States Want Power Prices Policed

Con Edison Enrolls 100,000 Customers in Electric Retail Choice Program

Survey: US March Producer Prices +0.1% Amid Energy Price Drop

Talisman Energy Inc: Petromet Resources Ltd - Talisman to Acquire Petromet
Resources for $731 Million in Cash

Economic Development Power Allocation Board to Meet

Us, Canada Aluminum Producer Shares Surge on Bpa Power Comments

Repeats: Energy Volume And Open Interest Totals-APR 10

SCE&G Proposes Electric Generation Facility in Jasper County, SC

Oneoffshore Announces Formation of Ods-Petrodata Group; New Brand Poised to
Become Largest Single Source for Offshore Energy Information

Spitzer Suggests Discounted Rates For Power Plant Neighbors

States Want Reasonable Power Prices

Westcoast Energy Inc - Correction: Goes Live with Compugen Emerge

Duke/Fluor Daniel Selected by Raytheon to Complete Construction of Two Power
Plants in Massachusetts

Eurogas Inc - Beaver River Gas Well A5 Producing 18 Million Cubic Feet of
Natural - Gas Per Day; Additional Re-Entry Well Planned for Summer 2001

Xchange 21 Merges with Netacross to Form Intiqua International; Merger
Creates Global E-Consulting Power, Fueling U.S. Expansion Strategy

Transalta Power, L.P. Announces Intention to Continue Purchasing Units

Delaney Energy Services Corp - Value Maximization Process Progressing And
Shareholder Rights - Plan Separation Time Deferred

Pud Can Help Cut Power Bill and Ease the Energy Crisis

ENI confident energy regulator to set profitable gas transport tariffs

Westcoast Energy Goes Live with Compugen EmergeCompugen's New E-Procurement
Product Improves Total Cost Management by Linking Information Technology
Purchase Transactions with Enterprise Business Systems

Suit To Halt Power Plants Dismissed

Fpl Energy to Build And Operate New Power Plant in Alabama

Altek Power Corp - Update to Ford Macleod Project

Takeover of Grid in Doubt: PG&E's Bankruptcy Filing Complicates the State's
Plan to Acquire Power Lines.

San Francisco Chronicle: the Energy Crunch: Governor, Utility in War of Words

Power Woes Likely to Be Limited to West and NYC

Californians Fight to Keep Their Lights on Already the Most Energy-Efficient
State, California Is under Orders to Conserve More. Its Actions Will Provide
a Model for the Usa.

Pumped Up for Power Castaic Plant Charged with Helping Meet L.A.'S
Electricity Needs

Calif. Gov. to Buy Power Lines

Fed Agency to Discuss Power Demands

Vendors Won't Pass Energy Crisis Cost On To CUs-Yet

California strikes deal to avoid second power bankruptcy





?INTERNATIONAL - Access stories online at:
http://www.powermarketers.com/pma-intr.htm


Khristenko Holds Energy Talks in Brussels

BRAZIL MUST SAVE ENERGY, INCREASE SUPPLY

Cnooc Ltd. Acquires 52.7% Stake in Zhongshan Jiaming Power for Usd 39.52 Mln

Sanix to Build Thermal Power Plants by FY '03

National Energy Board Approves Westcoast Energy Application to Purchase
Maxhamish Pipeline

Zambia, Uganda And Kenya to Have Power Transmission Interconnection

Ge: Hydro Turbine Orders to Rise, Thermo Orders to Remain Constant - Brazil

Brazil: Edf Focuses on Power Generation Projects

West African Countries to Set Up Power Pool

Powergen Fallsto Germansin Pounds 5bn Deale.on Energy Group Hopes to Win
Clearance by Next Year Price at Bottom Range of Forecasts

Russia to Help India Build Power Plant in Kudankulam

Editorial: Uneven Energy Deregulation

Eia: World Energy Use to Grow 59% by 2020

Harken Energy Corp - Signs First Agreement in Peru

Cbi's 4th Annual Private Power in Central America; Privatization &
Development Opportunities, Growth of Regional Electric Markets And New Fuel
Choices

Tomen to Build Japan's Biggest Wind Farm in Iwate

Talisman Energy Inc - Issues Corporate Social Responsibility Report -
Independently Verified Report Sent to Shareholders

Beaver River Gas Well A5 Producing 18 Million Cubic Feet of Natural Gas Per
Day; Additional Re-Entry Well Planned for Summer 2001

Smi: Foreign Investors Need to Be Familiarised with The Kuwait Energy Industry

Poland issues tenders for 10 pct stakes in two thermo-electric plants

Pledge to Reconstruct Power Plant

Nylect Technology unit wins electrical contract for wafer plant in Malaysia

Iran Key Energy Source for India, Premier Says

Schroeder eyes Russian energy sector in debt-for-equity discussion

World Bank Procurement - India, Power Sector Reform

Pakistan's US$2.2 Bln Power Project to Be Completed by July 2003


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


Chicago-Area Power Firm Cannot Rule Out Brownouts This Summer

As Demand Grows, Insufficient Electric Lines Could Choke Off Power in Midwest

California Power Company Files for Bankruptcy Protection

Pacific Gas & Electric Files for Bankruptcy; California Governor Slams Move

California Lawmakers Upset by Utility's Bankruptcy Filing

Investors in Pacific Gas And Electric Worried in Wake of Bankruptcy Filing

Energy Giant Asks Northwest Aluminum Industry to Shut Down for Two Years

California Utility Finds Some Relief, But Power Problems Continue for State

California's Power Struggle Drags on Amid High Prices, Shortage of Electricity

Some California Leaders Urge Seizure of Power Contracts, Plants

Surging Power Prices in San Jose, Calif., Area Impinge on Housing Programs

California Turns Attention to Coal for Energy Solutions

San Francisco Judge to Make Big Decisions in PG&E's Bankruptcy Case

Seattle-Area Power Company Proposes Higher Rate for Peak-Use Times

The Press-Enterprise, Riverside, Calif., Andy Mccue Column

Federal Officials Look to Assuage Impact of Summer Energy Prices

Midwest States Try to Capitalize on California Power Woes

Philadelphia Residents Protest Gas Company's Rate Increases

Energy Industry Megalith Takes Over Millstone, Conn., Nuclear Plant

New Power Plant May Arise in Clark County, Nev.

Nevada Legislators Discuss Future Electricity Rates

Las Vegas-Based Company Plans to Build Alternative Energy Devices

Despite Court Ruling, Houston-Based Reliant Energy Will Stay in California

Colorado-Based Utility Plans to Let Gas Customers Gamble

Detroit Free Press Doron Levin Column

San Antonio's Municipal Electric Utility Readies for Competition

Pennsylvania's Deregulation Is Painless -- So Far

Pilot Program to Test Texans' Readiness to Buy Into Electricity Deregulation

California Utility Takes Its Case to Bankruptcy Court

San Antonio Makes Move for Power-Hungry California Companies


?REUTERS - Access stories online at:
http://news.powermarketers.com/news/articles/ElectricPower.html


Calif. nuclear power seen unscathed by energy crisis

UtiliCorp sees Q1 results up 15-17 pct vs year-ago

EPA seeks to dismiss utility lawsuit over mercury

PSEG scraps plans for power plant in White River, Ind.

Florida Power files shelf for up to $500 mln in bonds

SKorea March foreign net stock buying 41.1 bln won

U.S. judge postpones PG&E rates arguments, allows payments

100,000 Con Ed customers choose another electric supplier

UPDATE 2-EnBW group acquires 59 pct of Cantabrico shares

UPDATE 1-U.S. utilities shine amid earnings doom and gloom

SCE&G planning 500-MW to 600-MW power plant in S.C.

UPDATE 4-German nuclear train enters France after protests

TEXT-Moody's affirms NRG Energy Baa3 rating

UPDATE 2-FPL expects to meet Q1 EPS consensus estimate

U.S. Southeast seen facing few summer power worries

Ariz. Public Service extends Palo Verde nuke outage

UPDATE 1-New Polish minister cautious on energy sell-offs

Poland to start power price liberalisation in July

European Commission okays first 2001 Serbia aid

IntercontinentalExchange has record natgas trade

Duke/Fluor Daniel granted $400 mln contract

INTERVIEW-India says Enron issue won't affect investment

FPL Energy sets North Alabama power plant

INTERVIEW-Mirant sees no impact from PG&E

W-H Energy Services raises earnings outlook

Powergen asset-backed CP rolls on despite takeover

FPL expects to meet Q1 EPS consensus estimate of 76 cents

Mirant says on track for 2001 EPS of $1.55-$1.60

Japan power plant to be fueled by plastic waste

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Robert Jacobs, Derigen Consulting
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Bill Townsend, Friedwire
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Tony Banks, Optiron
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