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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 ************************************************************************ Attend the Power Marketing Association?s annual spring meeting: POWER MARKETS 2001: CRISIS AND OPPORTUNITY March 14-16, 2001 Las Vegas http://www.pmaconference.com/0103Agenda.pdf EVERY CRISIS HOLDS OPPORTUNITIES: Power shortages boost merchant power, distributed generation, peak shaving, real-time pricing and energy management. Some states are delaying their retail choice programs, but others are moving ahead, confident that they have benefited from the lessons learned by the pioneering jurisdictions. Electric price volatility drives growth in the risk management business. Credit and cash flow are squeezed, but financial products provide solutions. Gas price volatility is a reminder-- coal was and remains the great source of energy for our country. Dot-coms seem to have been exposed as just ordinary businesses-- but online trading in energy is the single most robust area for transactions on the net. The IPO market hasn?t been kind to technology stocks-- but it likes energy issues. Broadband trading has been slow to take off, but powerline telecom may solve the real problem-- access to "the last mile". Please join us at the Power Marketing Association?s annual spring meeting, "POWER MARKETS 2001: CRISIS AND OPPORTUNITY" March 14-16, 2001 Las Vegas, for presentations on these topics and more! Warmest Regards, Glenn Lovin Executive Director http://www.pmaconference.com/0103Agenda.pdf ************************************************************************ ------Advertisement------ How do I find people who know how to account for trading activity properly? Are we hedging properly to limit our exposure? Do we have the right policies, procedures, and controls to make sure that we are not at risk? How do I find energy trading software that fits my unique business requirements? Are we reporting our positions accurately? Does my mark-to-market process accurately reflect the value of my positions? Are deals being entered properly and timely? What is our confirmation process? How will I know if our traders are trading within their limits? How are position and credit limits established? What is our exposure with counter-parties? For the answers, download: http://www.pmaconference.com/Derigen.pdf ************************************************************************ --------------------T O P S T O R I E S-------------------- Top Stories (January 31) CHENEY TO LEAD ADMINISTRATION'S SPECIAL ENERGY TASK FORCE Describing California as the poster child for the electricity woes the nation could face, President Bush on Monday commissioned a special energy task force to study how to cope with rising prices and increase domestic energy production. http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri dder/2001/01/31/krtbn/0000-0468-SJ-ENERGY-PANEL CALIFORNIA POWER BILL WITH RATE HIKE CLAUSE GETS BACKING Utility representatives and consumer advocates Tuesday expressed qualified support for a state power-buying bill that says rates could increase based on how much power consumers use. http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/ 01/31/eng-djn/eng-djn_030038_66_5025933156721 POWER FIRMS MAY POUR BILLIONS INTO QUICK-START PLANTS IN WEST VIRGINIA Two half-built power-line towers reach toward an AEP high-voltage line that crosses the Big Sandy River near the Aristech Chemical Corp. plant here in Wayne County. http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri dder/2001/01/31/krtbn/0000-0543-WV-POWER HOUSTON-BASED ENRON PLANS BAHAMAS-FLORIDA NATURAL GAS PIPELINE Add a 90-mile natural gas pipeline from the Bahamas to the list of projects that Texas-based energy giant Enron Corp. is pursuing for electricity-hungry Florida. http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri dder/2001/01/31/krtbn/0000-0191-FL-ENRON ---------------------------------------------------------------------- DOW JONES NEWSWIRES ---------------------------------------------------------------------- Access stories online at: http://199.97.97.79/IMDS|PMADJN0,PMADJN1,PMADJN2,PMADJN3,PMADJN4|index US West Power Forwards Down On Dailies; Bullish In Q2 Calif Utility Securitization Package Hung Up On Terms EEI:US Electric Output For Wk Ended Jan 27 Dn 1.6% On Yr PRESS RELEASE: S&P Upgrades Northeast Utilities, Units<NU US Man Sues Verizon For Denying Him Breast Cancer Therapy Venezuela Begins Registration For LMDS License Auction FEER(2/8): Taiwan Ponders Place Of Nuclear Power In Its Future FERC Talks On Midwest Grid Groups To Start Thursday Northeast Utilities Sr Unsec Raised To BBB By S&P <NU Dynegy Telecom Unit Leases Dark Fiber From Level 3 Calif Power Stks Off -2: Shrs Had Gained In Recent Days Calif Power Stks Off -3: Goldman Still Bullish On Cos. Kansas City Power/DTI -3: Unit To Buy Wts For More Shrs Kansas City Power & Light/DTI -2: K.C. P&L Has DTI Stake XCel Energy Earnings -4: Street Sees FY01 Net $2.22/Shr RPT: XCel Energy Earnings -3: Year Financial Table <XEL XCel Energy Earnings -3: Year Financial Table <XEL XCel Energy Earnings -2: 4Q Financial Table <XEL XCel Energy Sees 2001 Net $2.20 A Share <XEL REPEAT&CORRECT:ScottishPower Takes $1M/Day Hit, Not $100M XCel Energy 4Q Revenue $4.98B Vs $2.21B <XEL CORRECT/ScottishPower/Analyst:Takes $1M/Day Hit,Not $100M XCel Energy 4Q Net $137.8M Vs $147.3M <XEL XCel Energy 4Q Oper Net 49c/Share Vs 50c <XEL ScottishPower 3Q Results Seen Hit By California Crisis Brazil's Tiete Tender Offer Slated For April California Sees Light In Crisis, But Tunnel's End Far Kansas City Power & Light, DTI Hldgs Complete Tender Kansas City Power & Light: 50.4% Notes Tendered <KLT Kansas City Power & Light Unit To Acquire Control Of DTI Cisco's CEO Says Fed Acted Late, Reaffirms Muted Outlook Spain's Endesa, Accenture To Market Systems In Lat Am Australia's Aldoga Aluminum -2: Alcoa Said Involved Australia Aldoga Aluminum Wins Govt Help In Smelter Proj California Power Bill With Rate Hike Clause Gets Backing Calif Asked For Revisions To Util Audit Language -Source 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 Storm Leaves 11,000 Homes without Power Impact Energy Inc. Announces Closing of Plan of Arrangement And Provides Operational Update Protecting Power Quality Congress at A Loss on California Energy Problem Energy crisis creates more than just rolling blackouts Wholesale Natural Gas Prices Lower for February; Billing Rate Is 32 Percent Less Than Previous Month Nuclear Power Could Be a Beacon in California Xcel Energy, Inc. Awards Preferred Supplier Contract to General Cable US/Canada Spot Natural Gas: Topock Soars Amid PG&E Pipe Ofo Leavitt Pushes Utility Expansion California power exchange users face more bills on Edison debts - Pacificorp Utah Power Wants Rate Hike -- Now Power Problems Top Energy Summaries - Wednesday, January 31, 2001 - 4:55 PM Dynegy Completes Acquisition of Northeast Generation Assets Energy Prices Snapshot Energy Crunch Forces Aluminum Companies to Revise Game Plan Transalta to Sell Power Plant to Syncrude Essential.Com Names Stephen a. Vogel President And CEO; Energy And Communications Marketplace Recruits 25-Year Energy Industry Veteran Bridge Update-Commodities: Energy, Cocoa Stumble; Sugar Jumps Syncrude Owners Buy Power Plant from Transalta Hits And Misses on Energy Crisis Actions by Bush And Locke Are Welcome, But Only Federal Intervention Will Stabilize Market Energy Q&a: Gas Is Still the Best Choice for Cheap Heat Semco Energy's Southeastern Division Marks 50th Anniversary Repeats: Energy Volume And Open Interest Totals-Jan 31 California lawmakers to increase power retail rates - Edison's Frank Top Energy Summaries - Wednesday, January 31, 2001 - 2:00 PM Chairman of the Energy & Air Quality Subcommittee of The House Energy & Commerce Committee Will Address Energy Newsmakers Breakfast Harza Energy to Assist California Water Agencies with Power-Generation Solutions Prima Energy Corporation Announces 2001 Capital Expenditure Budget And Provides Operations Update El Paso Energy Corporation to Provide Web Cast of Annual Analyst Meeting February 5-6, 2001 Dems Seek Action in Energy Crunch Altira Energy Technology Fund Announces First Closing Nader's Power Crisis Remedy: Re-regulation, Conservation Energy Bill Stalled by Key Questions Ebidenergy.Com to Expand Online Energy Procurement Services with RFP Platform for Direct Communication between Energy Suppliers And End Users 3tec Energy Corporation Announces Closing of Classic Resources Inc. Acquisition Some Illinois Towns with Natural Gas Companies Are Saving Residents Money Fox-Penner Urges Policies Designed to Address the California Electric Crisis And Improve Electric Competition Danoil Energy Ltd. to Merge with Western Facilities Fund Equatorial Energy Inc. Announces Financing Promax Energy Inc. Announces 54 Million Dollar Capital Budget for 2001 Duke Energy Field Services Sr Unsec Debt Rated 'Bbb' by Fitch More Power to New Rackspace Customers Niagara Mohawk Completes Sale of Share of Roseton Power Plant(Advisory: Niagara Mohawk Will Announce Year-End Results February 15. See Information at End of This Release.) Niagara Mohawk Completes Sale of Share of Roseton Power Plant Allegheny Energy Licenses Sct's Fuels Management System; Banner FMS Will Manage Procurement, Transport, And Use of $500 Million in Coal Fuel Greka Continues to Increase Natural Gas Production Accenture And Enermetrix Form Joint Marketing Alliance to Address Expanding E-Business Needs of Utility And Energy Clients Imserv North America Announces Contract with Powersource to Provide Aggregation ServicesImserv Enables Powersource to Make Informed Power Purchasing Decisions Pseg Awards EDS $137 Million Contract to Manage Infrastructure EnvironmentAgreement Calls for EDS to Provide It Services for One of Nation's Largest Electric And Gas Companies Cez Will Take 17 Mil T of Coal from SD in 2001 Pennnet And Pennwell Form Pennenergy with Headquarters in Houston Texas; Fast Growing Energy Market to Be Focus of New Entity Kcs Energy, Inc. Plan of Reorganization Accepted by Creditors And Shareholders And Confirmed by Delaware Court Keep Proposals Flowing on State Power Debate Dim & Dimmer / Big Retailers Try to Cut Soaring Power Bills by Reducing Lighting Power Exchange Closes Calif. Uses More Public Money to Buy Power Top Energy Summaries - Wednesday, January 31, 2001 - 7:38 Am Audit: PG&E Slow to Act / Millions Sent to Parent Firm As Utility Sank Deeper in Debt An Energy Primer Florida Power Idling at Least 62 Workers Groups Slap State Power Report Legislators Can Do Little About Energy Prices Water District Joins Power Effort New Energy Rules End Need For More Than 90 Power Plants Utility Rates Detroit Plans $63 Million Power Upgrade ---------------------------------------------------------------------- I N T E R N A T I O N A L ---------------------------------------------------------------------- Access stories online at: http://www.powermarketers.com/pma-intr.htm Russia Goes for Nuclear Power Nippon Steel to Start Power Retailing Finchaa, Tis Abay Power Plants Will Be Ready in 4 Months Congressman: Power Companies Owe Consumers US$25mn - Chile GE Power Supplies 120mw Ave Fenix Turbine - Argentina CMS Energy Announces U.S. Government Approval of Co2 Emissions Reductions Project in Equatorial Guinea Stuart Energy Partners with BC Hydro to Advance Hydrogen-Fueling Technology Enersul to Receive Hydro Bids to end-Feb. - Brazil Top Energy Summaries - Wednesday, January 31, 2001 - 9:26 Am Czech Trade in Electric Power France: GE Supplies Gas Turbine for Argentina Power Plant EDP, Cajastur Promise New Power Plants If Cantabrico Bid Prevails Outside Power Grid Improves Beijing Environment Indonesian Power CO Pln Reports US$2.5 Bln Loss in 2000 Indonesian Govt to Halt 2000 Subsidy to State Power Company Philippines Power CO Napocor Posts US$245.3 Mln Net Loss in 2000 Pacific Electric see profits at Shenzhen plant this yr; Indonesia plan on hold At the Niche: Power Companies May Put Billions of Dollars Into Quick-Start Planys in State ---------------------------------------------------------------------- KRT DAILY ENERGY NEWS ---------------------------------------------------------------------- Access stories online at http://www.powermarketers.com/pma-krt.htm Clinton, Conn.-Based Water Utility Firm to Keep Rates Steady in 2001 Power Firms May Pour Billions Into Quick-Start Plants in West Virginia The News Tribune, Tacoma, Wash., Art Popham Column Parent of Chicago-Based Utility Company Reports Decline in Net Income Bailout Talks Boost Two California Utilities' Stocks Audit of California Utility Shows Lack of Resources, Payouts to Shareholders Cheney to Lead Administration's Special Energy Task Force California Lawmakers Discuss Measures to Limit Energy Crisis Seattle City Council Approves Electricity Rate Hike Meter-Reading Cut May Affect Bills for Pacific Gas & Electric Customers Heating Bills Worry Southwest Virginia Residents And Businesses Weather Favored Raleigh, N.C.-Based Utility's Earnings Cairo, Ill., Utility Denies Wrongdoing in Power Price Hikes Residents Are Upset Over Proposed Lake County, Fla., Power Plant Audit of Troubled California Utility Shows That Parent Company Got Billions Threat of Blackouts in California Spurs Interest in Rental Generators Houston-Based Enron Plans Bahamas-Florida Natural Gas Pipeline Wholesale Electric Prices to Oregon Utilities Likely to Double This Year Utility, Wind-Power Group Aim to Sway Colorado Regulators with Energy Plans British Water Suppliers Drain Customers for Profits Baffling Statements Add to Sting of Higher Dallas-Area Utility Rates California Measure Would Guarantee Purchase of Power Soaring Energy Prices Boost Earnings of Buffalo, N.Y., Energy Firm Alaska Electric Association Cancels Request for Vote on Electric Deregulation ---------------------------------------------------------------------- REUTERS ---------------------------------------------------------------------- Access stories online at: http://207.32.82.57/news/ElectricPower.html UPDATE 4-Welsh Water plan on track as regulator rules UPDATE 2-UK Ofgem says new power trading NETA to begin Mar 27 UnitedNetworks set for strong year profit Avista reports much higher than expected Q4 earnings Canada spot natgas mixed ahead of U.S. storage report POLL-Endesa-Chile 2000 net profit seen $177.8 mln UK power traders seek consensus on contract terms UPDATE 3-US taxpayers may pay off Calif. utility debts UPDATE 1-Calif. Senate okays emergency power rescue bill New Issue-Enron sells $1.25 bln zero-coupon conv bonds S.Korea says govt-led restructuring ends next month Lower gas prices to shrink Wisc. heating bills--WPSC UPDATE 1-U.S. power sales boosts Cominco's fourth quarter AmeriGas fiscal Q1 earnings beat estimates Enron sells $1.25 bln convertible bonds UPDATE 1-Kaiser sees Q4 operating loss, may sell assets UPDATE 1-Calif. to use customer bills to secure PG&E gas Reptron posts Q4 profit compared with loss year ago UPDATE 1-Avista reports strong Q4 earnings, huge profit trading WRAPUP 1 - Calif. struggles with energy rescue package HEADLINE STOCKS - U.S. stocks to watch on Jan. 31 El Paso begins open season on new Conn/NY natgas pipe Kaiser sees 4th-qtr operating loss, weighs asset sales AmeriGas to buy NiSource's Columbia propane unit S&P raises Northeast Utilities ratings Future Shop says third-quarter earnings up California green groups split over power policy Vt. to decide soon on AmerGen's bid for Vermont nuke Audits paint dismal picture of Calif. utilities RPT-Senate energy bill seeks nuclear, electric incentives US firms seek to build Italy power plants-sources Xcel Energy Q4 misses estimates on merger costs UGI Corp. fiscal Q1 earnings up 37 percent Calif. Gov. Davis outlines power efforts to Congress ********************************************************* 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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