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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 ************************************************************************ ------Advertisement------ CRISIS AND OPPORTUNITY: POWER MARKETS 2001 MARCH 14-16, 2001 LAS VEGAS, NEVADA The Power Marketing Association's 7th Annual Spring Meeting <<<< Now Available: Exhibition Space and Sponsorships http://www.pmaconference.com/0103Agenda.pdf ************************************************************************ ------Advertisement------ LOAD MANAGEMENT SERVICES FOR COMMERCIAL AND INDUSTRIAL CUSTOMERS January 17-19, 2001 Las Vegas, NV http://www.pmaconference.com/e-bro.pdf TRANSCOs 2001 January 22-24, 2001 New Orleans, LA http://www.pmaconference.com/Transcoa.pdf THE ADVANCED PROJECT FINANCE COURSES January 22-26, 2001, New York, NY http://www.pmaconference.com/Advfin.1.22.pdf ************************************************************************ --------------------T O P S T O R I E S-------------------- Top Stories (January 10) CALIFORNIA GOVERNOR SAYS PROGRESS WAS MADE IN CALIFORNIA POWER TALKS After meeting behind closed doors for seven hours, government officials said progress was made during a White House-brokered meeting to identify solutions for California's troubled electricity market. http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/ 01/10/eng-djn/eng-djn_112027_38_9608982484788 PG&E SAYS ITS CURRENTLY UNABLE TO BORROW MORE MONEY PG&E Corp.'s (PCG) Pacific Gas & Electric Co. said the disparity between wholesale power prices and the current utility rates has made further borrowing impossible, according to a Form 8-K filed Wednesday with the Securities and Exchange Commission. http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/ 01/10/eng-djn/eng-djn_160035_224_442865708843 JUSTICE DEPARTMENT OK'S ARKANSAS ELECTRIC COOPERATIVE RETAIL JOINT VENTURE The Arkansas Electric Cooperative Corp., has obtained Justice Department approval to jointly market electric power to retail customers when Arkansas moves to deregulate its electric market. http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/ 01/10/eng-djn/eng-djn_184026_22_6107542845421 MASSACHUSETTS ATTORNEY GENERAL WANTS ELECTRIC TRANSMISSION CAPACITY ADDED Massachusetts Attorney General Thomas F. Reilly yesterday urged electric grid managers to step up efforts to add new transmission capacity in the state and region to help curb soaring electric costs. http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri dder/2001/01/10/krtbn/0000-0176-GL-ELECTRIC -IS NUCLEAR ENERGY ON THE VERGE OF A RESURGENCE? - ISSUEALERT FOR JANUARY 10, 2001 According to the Nuclear Energy Institute, for the first time in more than a decade, production costs (outlays for fuel and operations and maintenance) at U.S. nuclear plants are the lowest of any major reliable electricity source, dropping below coal-fired power plants. http://199.97.97.163/IMDS%PMANAT0%read%/home/content/users/imds/feeds/writersd esk/2001/01/10/eng-powerm-000001/eng-powerm-000001_125702_201_045852864627 ---------------------------------------------------------------------- DOW JONES NEWSWIRES ---------------------------------------------------------------------- Access stories online at: http://199.97.97.79/IMDS|PMADJN0,PMADJN1,PMADJN2,PMADJN3,PMADJN4|index FERC Approves Governance Issues Of 'GridFlorida' RTO Plan PG&E Corp Dividends -2: Cites Wholesale Power Crisis PG&E Corp Dividends -4: To Postpone 4Q Fincl Results PG&E Corp Dividends -3:Operating In 'Liquidity Crisis' PG&E Corp Postpones Release Of 4Q Results <PCG PG&E Corp Won't Pay 30c Dividend For 4Q <PCG PG&E Corp Suspends Charitable Contributions <PCG PG&E Corp Defers Annual Merit Salary Raises <PCG PG&E Corp's Pacific Gas Unit Won't Pay Qtr Div <PCG M. Stanley's Berner: U.S. Econ Problems Hit Calif Hardest FERC's Hoecker/Calif Pwr -2: 'Substantial Progress' Seen FERC's Hoecker: White House Calif Pwr Summit 'First Step' Justice Dept. OKs Ark Elec Coop Retail Joint Venture CORRECTION: Kent Funds Spokesman Is Mitchell Stapley Calif Legislator:Vote Thu On Retaining Utils Generation PG&E Bonds -2: Bids On 10-Yr Notes In Mid-60's Calif Util Shrs Dn -4: PG&E Has $500M In Reserves Wed. PG&E Bonds Tread Water After Utility Warns Of Bankruptcy PG&E/Filing -3: Has Cash Reserves Of $500M <PCG PG&E/Filing -2: Rate Increase Not Enough To Pay Bills PG&E: Under-Collected Balance Of $6.6B As Of Dec. 31 Calif Util Shrs Dn -2: Edison Intl, PG&E Shrs Up Earlier PG&E Outlines Financial Condition In SEC Filing <PCG Calif. Util Shrs Dn After PG&E Outlines Fincl Condition PG&E:Foreclosed From Capital Mkts Due To Fincl Condition PG&E: Faces Default; May Be Forced Into Bankruptcy <PCG Brazil's Cesp Climbs On Expectations Of New Output Record PG&E Says Its Currently Unable To Borrow More Money PacifiCorp/FPL Group -2: Plant To Svc 70,000 Houses <FPL Southern Co. Forms Unit -2: Names McCrary Unit Pres <SO SEC Clears Southern Co. To Form New Unit <SO Bewag Strives For Equal Owership Control Of Veag -Sources Calif Gov Says Progress Was Made In Calif Power Talks FPL To Build, Own Plant; PacifiCorp To Buy, Sell Output PacifiCorp, FPL Group To Build Wind Energy Plant <FPL PacifiCorp, FPL To Build Plant On Ore./Wash. Border <FPL Delays/N Korea/GE -2: No New Date For Proj Completion Delays Mount In N Korea Nuclear Proj After GE Ends Talks Enron India Expects State Pwr Board To Meet Debt Payments Enron India/Pwr Board/Payments -2: Doubts Over Phase 2 PRESS RELEASE: Cal-ISO Declares Stage 2 Emergency 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 Bode to Advise Bush on Energy Concerns Once-Largest Solar Power Farm in World Becomes Observatory Set for Unprecedented Detection of Gamma Rays League of Women Voters of California President Issues Open Letter to Governor, Cpuc on Proposed Electric Rate Increases Study Details Impact of Pollution on Public Health from Nine Older Fossil Fuel Power Plants in Illinois Wind Farm to Power 70,000 Homes California ISO Calls for Energy Conservation; Morning Hours between 5- A.M. Are Critical Campus power plant to save U. Mississippi $1 million a year-(U. Mississippi) Electrical Emergency Steps Up to Stage Two; Interruptible Load Programs Activated Peoples Energy Gives $500,000 to Share the Warmth Company Supports Realistic Solutions to California Power Crisis; Reliant Energy Sees Dialogue at Washington Summit As A 'First Step' Energy Update/Los Angeles Department of Water And Power Daily Energy Update for Wednesday, Jan. 10, 2001 Oregon-Wash. Border Gets Wind Farm Pinnacle West Energy Awaiting Approval on Acquisition of Nuclear Assets, Focusing on New Generation Projects Clean Energy Critical in New Millennium: U.N. Senior Official NY Natural Gas Review: Tumbles As Aga Draw at Low End of Views Boxer, Feinstein Aim to Help Feds Aid Resolution of Power Crisis Tentative Schedule Set for PG&E, Edison Power Rate Case Top Energy Summaries - Wednesday, January 10, 2001 - 4:4 PM Columbia Gas of Ohio to Distribute Energy Conservation Kits Honeywell Shareowners Approve Proposed Merger with General Electric PG&E Corporation And Pacific Gas And Electric Company to Suspend Dividend Payments Teledyne Technologies to Deliver Hydrogen Supply System for Fuel Cell Powered Buses Energy Over the Years Sustainable Energy to Provide Proton Energy Systems with Power Conditioning Units Cytec Initiates Natural Gas Surcharge on Melamine Crystal Pacific Gas & Electric says faces risk of default: SEC filing PetroQuest Energy Voluntarily Delists From the Toronto Top Energy Summaries - Wednesday, January 10, 2001 - 2:36 PM Repeats: Energy Volume And Open Interest Totals-Jan 10 Ubs Warburg Upgrades Noble Affiliates, Ocean Energy (Nbl) Florida Power Says Cold Weather Conditions to Drive Up Winter Utility Bills Almost Unnoticed Among the Region's Raging Electric Crisis, South King County's Natural Gas Bills Will Jump Another 26 Percent This Week, the Third Increase in the Last 14 Months. - The Result: Customers Who Use Natural Gas to Heat Their Homes Or Cook Their Dinners Will See Their Costs Nearly Double -Is Nuclear Energy on the Verge of a Resurgence? - IssueAlert for January 10, 2001 Mariner Energy Names Thomas E. Young Vice President - Business Development -David Rich Joins Retx As Vice President Of Sales Universal Stainless & Alloy Products, Inc. Announces Natural Gas Surcharge GE Power Systems wins 460 mln usd gas, steam turbines order from TECO Energy TVA Prices $1 Billion 10-Year Global Power Bonds -EREN NETWORK NEWS -- January 10, 2001 Uni-Solar(R) Triple-Junction Technology Honored with The Bright Light Award from The U.S. Department of Energy Analyst: Nation Near Energy Crisis GE to Provide Turbines, Long-Term Services for Two New Power Plants in Southeastern U.S. Energy Sector Has Some Gas Left in the Tank Resource Shortfall Triggers Stage One Emergency; California ISO Requests Consumers to Immediately Cut Back on Energy Usage Energy Channel Buildings.com Presents: Bottom Line Energy Issues N.M. Utility Pushes Power-Line Plan Wps Energy Is Selected As the Lowest-Cost Provider for Northern Maine Cbi Announces the Industry's Most Comprehensive Business to Business Energy Conference Series Electrons without Borders: California Can't Make Itself an Energy Island -DOMINION INCREASES 2001 EARNINGS TARGET BY 30 CENTS PER SHARE Green Mountain Power Corporation of Vermont Files SEC Form k Potomac Electric Power Company of Virginia Files SEC Form k Potomac Electric Power Company of District of Columbia Files SEC Form k -EPRI Reliability Initiative Provides Tools to Help Utilities Avoid Power Outages Thermal Energy Storage Helps Cut Energy Bills -CBOT to Launch 5-Year Agency Note Futures and Options Jan. 12 Top Energy Summaries - Wednesday, January 10, 2001 - :14 Am Davis Pledges Power Contract Reforms Green Mountain Energy to Flip Switch on Connecticut Business Gateway Energy Corporation Announces Increased Tariff Rates for Its Distribution Subsidiary Top Energy Summaries - Wednesday, January 10, 2001 - 7:42 Am Calif. Crisis Threatens to Spread Utility Deregulation, Energy Shortage Send Shock Waves Clear to Washington New Electrical Device Can Extend Energy Supplies, Cut Business And Consumer Power Bills World's Largest Wind Plant to Energize the West; Pacificorp Will Sell Power; Fpl Energy Will Build, Own And Operate E Source Asks: Will Undoing Deregulation Undo the Energy Distribution Company? Energy Companies Prepare for Uncertain Future As A New Year's Chill Hits Restructuring Efforts STOCKWATCH: ENEL lower on concern on Wind, Infostrada merger, govt stake sale Icc to Hold Natural Gas Price Hearings ENEL has to transfer ownership of national grid - energy regulator Protection from Energy Market Manipulation Power generators kicked into high gear Richardson, Governor Davis claim progress in Califronia energy crisis talks AG Eyes Calif. Power Debacle Chubu Elec. to Be 1st Power Firm to Enter Retail Gas Market Ohio Power Agency Sells $52 MillionOf Bonds to Boost Peaking Capacity Davis Offers No Short-Term Fix To California Energy Crisis ---------------------------------------------------------------------- I N T E R N A T I O N A L ---------------------------------------------------------------------- Access stories online at: http://www.powermarketers.com/pma-intr.htm National Energy Board to Hold Public Hearing on Application for Proposed Chinchaga Sales Gas Pipeline Loop CanArgo Energy Corporation: President Shevardnadze Visits Alstom wins contract worth over 440 mln eur for Saudi power plant expansion E.ON lifts holding in Swedish utility Sydkraft, aims for majority Indian Government: Shri Prabhu Discusses Power Reforms with Visiting British Delegation Indian Government: N.T.P.C. to Look Into Feasibility of Setting Up Power Plant in Maharashtra Cambridge Energy Corp. Announces Acquisition of Its Donner Field in Southeastern Louisiana India: Mangalore LNG Power Station Project Shelved Tractebel eyes expansion in Poland, bidding for new power generator CBK Power to draw first tranche of 340 mln usd loan for hydropower project Muslim rebels attack power plant, army unit in southern Philippines Philippines National Power Corp May Supply Zamboanga Freeport E.On Power Unit Targets Poland in Expansion Plan ---------------------------------------------------------------------- KRT DAILY ENERGY NEWS ---------------------------------------------------------------------- Access stories online at http://www.powermarketers.com/pma-krt.htm Connecticut Attorney General's Suit Forces Utility Regulators to Hire Lawyer Oklahoma-Based Williams Cos. Plans to Sell 30 Million Shares of Stock Energy Company Begins Job Cuts in Florida Peoples Gas Undercharged Customers in Fall, Illinois Regulators Told Ruling Could Hand California Consumers $12 Billion Bill for Utilities' Costs California Governor Offers Measures to Address Electric Deregulation `Failure' Analysis: California Governor Offers Few Specifics on Fix for Electric Crisis Seattle Power Company Proposes An Increase in Electric Rates California Governor Urges Greater State Role to End 'Energy Nightmare' Washington, Oregon Governors Urge Residents to Reduce Power Usage The Philadelphia Inquirer Andrew Cassel Column New Heating Assistance Program Draws Support in Illinois Western Kentucky Gas Says It Will Work with Delinquent Customers Electricity, Natural Gas Bills in Utah to Increase The Orange County Register, Calif., Jonathan Lansner Column Reaction Split on California Governor's Response to Energy Crisis California Struggles to Deal with Energy Crisis California Governor Calls Electric-Industry Deregulation a `Failure' Portable Heaters a Rare Commodity in High Point, N.C. Massachusetts Attorney General Wants Electric Transmission Capacity Added Hyundai's Eugene, Ore., Chip Factory Pays 70 Percent More for Electricity Energy Conservation Low in Public Consciousness for Oregon Residents Dayton, Ohio-Area Officials Will Meet on Electric Deregulation Colorado Regulators Consider Xcel Energy's Request for Increase in Gas Rate California's Woes Put North Carolina's Electric-Deregulation Plans on Hold California Governor's Energy Proposals Face Criticism from All Sides California Governor Backs Public Power Agency, Incentives to Fix Energy Woes ---------------------------------------------------------------------- REUTERS ---------------------------------------------------------------------- Access stories online at: http://207.32.82.57/news/ElectricPower.html Canada natgas mixed, Alberta down in pipe constraints UPDATE 1-FERC chief says Calif power crisis goes beyond state Dominion raises earnings estimates for 2001, 2002 Canadian bonds end down, outperform U.S. treasuries FPL, PacifiCorp plan 300 MW Wash./Ore. wind farm WRAPUP 2-Pacific Gas & Electric pleads for help Lattice picks Nortel for telecoms deal Southern sets up Southeast wholesale power unit Turkish PM sees ``secret'' powers behind energy probe Kaiser adds energy surcharge to fabricated products Moody's says no change in PG&E ratings after request FACTBOX-Key issues on table in Calif. power crisis talks Pinnacle West says will not buy Edison's share of Four Corners Justice Dept allows joint power marketing in rural Arkansas Canada natgas mixed, Alberta down in pipe constraints New York City seen facing tight summer power supplies U.S. FERC chairman says to leave agency Jan. 18 UPDATE 3-PG&E cuts dividend to preserve cash, seeks state aid UPDATE 1-Spain power merger seen narrowly approved by court GE Power to supply turbines, services for $460 million PG&E asks Calif. governor to use emergency powers Richardson says pushing for West region power price cap UPDATE 3-Clinton administration meets on Calif power crisis Framework offered to resolve Calif. power crisis PG&E Corp halts fourth quarter dividend, delays results Germany's MVV takes stake in U.S. solar tech firm UPDATE 1-California power talks end with 'progress' ********************************************************* NEW on the POWERMARKETERS.COM TRAINING PAGE ********************************************************* Access all online presentations at: http://www.pmaconference.com New! Now you can choose to stream the presentation immediately over the web, or download it to your computer for later viewing-- Free! New! Five additional RealVideo-based powerpoint-based presentations, with the accompanying audio. Running about 30 minutes each, the new 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! 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://www2.dtnergy.com/pma/btu.plx ELECTRICITY FUTURES PRICES: Access online at: http://www.dtn.com/dtnonline/dtnergy/pma/pma.quotes.cfm NATURAL GAS FUTURES PRICES: Access online at: http://www.dtn.com/dtnonline/dtnergy/pma/pma.gas.quotes.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: 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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