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Subject:PowerMarketers.com Daily Power Report for 22 December 2000
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Date:Thu, 21 Dec 2000 15:02:00 -0800 (PST)

Attention POWER REPORT Readers: Go to
http://www.powermarketers.com/prdaily.htm to view today's edition with direct
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--------------------T O P S T O R I E S--------------------

Top Stories (December 21)

FERC CALIFORNIA POWER CONFERENCE ADJOURNS TILL JANUARY 3; NO DEALS
Negotiations hosted by federal regulators to produce long-term forward power
contracts between California's utilities and power supplies adjourned after
two days of discussions Wednesday with no deals struck.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2000/
12/21/eng-djn/eng-djn_122044_202_568399577867

NORTH CAROLINA POWER SYSTEMS GROUP ARGUES AGAINST ELECTRICITY DEREGULATION
A group representing the state's municipal power systems said Wednesday that
lawmakers should put the brakes on a plan to begin deregulating the electric
industry in North Carolina by 2005.
http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri
dder/2000/12/21/krtbn/0000-0319-RA-ELECTRICITY

HIGH COURT TO ALLOW UTILITY GIANT TO BUILD POWER PLANT IN DANE COUNTY,
WISCONSIN
The Wisconsin Supreme Court handed down a decision Tuesday that will allow
Alliant Energy Corp. to move forward with its plans to build a 450-megawatt
power plant near the village of Rockdale in eastern Dane County.
http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri
dder/2000/12/21/krtbn/0000-0226-MW-POWER-PLANT

MASSACHUSETTS ENERGY REGULATOR DEFENDS ELECTRIC-RATE INCREASES
After weeks of seeing his agency pounded by Attorney General Thomas F. Reilly
for favoring big utilities over consumers, a state Department of
Telecommunications and Energy commissioner fired back yesterday, defending
the DTE's handling of recent electric rate increases as prudent.
http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri
dder/2000/12/21/krtbn/0000-0147-GL-ELECTRIC

SOUTHERN ENERGY LOCKS UP ACCESS TO TURBINES FOR NORTH AMERICA, EUROPE
Southern Energy Inc. has agreed to buy from GE Power Systems up to 55
turbines of various types for power generation in North America and nine
"power islands" for use in Europe.
http://199.97.97.163/IMDS%PMANAT0%read%/home/content/users/imds/feeds/comtex/2
000/12/21/pr/0000-2215-ga-southern-energy

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

PG&E/Edison Stk-3: Analyst:Stks Under Political Pressure

REPEAT&CORRECT: CPUC Denies SoCal Gas Rate-Class Switch

PG&E/Edison Stk -2: PG&E: Direct Result Of Govt Failure

PG&E, Edison Shrs Hit Yr Lows On Calif Energy Crisis<PCG

Mass. DTE, ISO New England To Appeal FERC ICAP Ruling

CPUC OKs SoCal Gas Effort To Temper Natural Gas Prices

Southern Energy -2: To Buy 9 Europe "Power Islands"

PG&E $2B Debt -2:Issuance To Fund $4.5B Undercollections

PG&E: Specific Rate Hike Not Expected From CPUC Thurs

Calif PUC OKs PG&E Issuance Of $2B In Long-Term Debt

Southern Energy To Buy Up To 55 Turbines From GE Power

Orion Power Extends DQE Retail Power Contract To 2004

FERC Calif Pwr Conference Adjourns Till Jan 3;No Deals

Rate Hike For Calif Utils Not Seen This Week - Sources

Russia Mulls Foreign Equity Cap In Telecoms - 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.

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N A T I O N A L
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Access stories online at: http://www.powermarketers.com/pma-nat.htm

Catalytica Announces Cash Merger Consideration Following Completion of
Acquistion by DSM And Spin-Off of Catalytica Energy Systems

The New Power Company Certified As A Competitive Supplier in Massachusetts

Puget Sound Energy Electricity Rates

Scottishpower Buys Powergen's Rye House Power Station

Southern Energy Locks Up Access to Turbines for North America, Europe

Florida Public Service Commission Approves Hines 2 for Florida Power
Corporation

Enmax, Fording Coal Launch New Coal-Fired Power Project

Northern California Caught in Power Squeeze

Top Energy Summaries - Thursday, December 21, 2000 - 5:08 PM

El Paso Energy Responds to Lawsuits

Ambac Financial Group, Inc. Corrects And Replaces Previous Announcement,
Bw2354, NY-Ambac-FinancialAmbac Financial Group Has Insured Exposure to
Southern California Edison And Pacific Gas & Electric

Cinergy, EPA, Other Parties Reach Agreement on Power Plant Lawsuit

NY Natural Gas Review: Scores New High on Cold, Storage Fears

Annual Meeting Dates Set by Ppl Corp. And Ppl Electric Utilities Corp.

Energy Funds Lacking for Needy

California's Quest for Energy

Repeats: Energy Volume And Open Interest Totals-DEC 21

Management`S Discussions: 10-K, Kentucky Electric Steel Inc

Luscar Coal Income Fund - Purchases Alberta Coal Interests

City of Norwalk, California Selects Electric City to Begin Providing
Energysaver Systems And to Participate in The Virtual "Negawatt" Power
SystemCompany Announces Startup of Its California Initiative, Designed to
Help Solve Power Crisis Across The State

BC Gas And BC Hydro Announce They Are Not Proceeding with Joint Venture

Energy Update/Los Angeles Department of Water And Power Daily Energy Update,
Thursday, DEC. 21, 2000

Mbia Expects Southern California Edison And Pacific Gas & Electric to
Continue to Make Debt Service Payments on Mbia-Insured Bonds

Path 15 Transmission Constraints Lead to Concurrent Stage One And Two
Emergencies; No Power Interruptions Forecasted

Vector Energy Corp - Barham Heirs Placed Into Production; $230,000 in Revenue
- Expected from Next Well in Enhancement Program

/C O R R E C T I O N -- Chesapeake Energy Corporation/in Daw059, Chesapeake
Energy Corporation Reports A Major Exploratory Success, Increased 2001 Cap-Ex
Budget, Higher Production And Cash Flow Forecasts And Gothic Merger Update,
Moved Yesterday, December 20, We Are Advised by The Company That The S

Pemberton Energy Ltd - Management Discussion

Baytex Energy Ltd - TSE Accepts Notice of Intention

No Move Toward Price Caps at Power Summit

Power Rate Hikes Loom Larger

Power Plant Blues: Silicon Valley Is High on Tech, Low on Watts

/C O R R E C T I O N -- Chesapeake Energy Corporation/

Encal Energy Ltd - Completes US $50 Million Senior Notes Issue

Potomac Electric Power Company of Virginia Files SEC Form 8k

Encal Energy Ltd. Completes US $50 Million Senior Notes Issue

Utility Powers Up Better Password Management

Stratospheric Rise in Natural Gas to Cut Into 4Q EPS for Majors

Department of Agriculture Rural Utilities Service East Kentucky Power
Cooperative; Notice of Availability of An Environmental Assessment

Part 1214_Space Flight Department of Energy Federal Energy Regulatory
Commission 18 Cfr Part 260 Natural Gas Service
Interruption Reporting Procedures Issued December 14, 2000.

Energyguide.Com Helps Ohio Consumers Lower Their Energy Bills Through Both
Energy Efficiency And Deregulation

Orion Power Announces Exclusive Power Supply Contract with Duquesne Light
Company

Firstenergy And Salvation Army Offer Emergency Energy Assistance

/C O R R E C T I O N -- General Electric (GE)/

Graftech Inc.'S New Advanced Flexible Graphite Line Proceeding on Schedule;
Grafcell Advanced Materials in Ballard's Mark 900 Fuel Cell in Necar 5

Stellarton Energy Corp - Mailing of Tom Brown Offer to Purchase Stellarton
Shares

Top Energy Summaries - Thursday, December 21, 2000 - 9:25 Am

Lexxor Energy Inc - Acquisition of Properties in Southeast Saskatchewan

Conectiv Sells Eastern Regional HVAC Division; Sale of Last HVAC Unit
Enhances Company's Ability to Focus on Core Energy Businesses in Order to
Spur Growth

First-Ever Construction Begins in Lancaster Koz Site; Mayor Smithgall Praises
Rhoads Energy's Move to The City

Wastewater Plant Staff at Renton Help to Cut Power Costs - Saved $55,000
Daily When Costs Highest

Energy Companies Embrace Electronic Billing Technology As An Effective Crm
Tool, According to Princeton Ecom Exec

North American Energy, Inc. Selects Ensite Safari Suite Software

Cost of Energy Crisis Saps the West Power Woes Are Also Felt Elsewhere

Yucca Mountain Backer Pullsout as Energy Secretary Choice

County Praised for Saving Energy

Blackouts Or Conserved Power To The People? Part I

The White House: Office of The Press Secretary -- President Clinton Names
James J. Hoecker As Chair And Member of The Federal Energy Regulatory
Commission

Leavitt: West's Power Crisis Will Last for Years

Nuclear Energy Redux: Is Anyone Debating Safety Standards?

Energy Costs Sows Internal Turmoil

New Turner U.N. Grants Target AIDS, Energy Needs

Letter: Costs of Nuclear Power

Consultant Offers No Assurances on Outcome of Power Deregulation

Promax Energy Inc. Second Closing of Private Placement for Additional
Proceeds of $800,000Cdnx:Pmy

Chesapeake Energy Corporation Reports a Major Exploratory Success, Increased
2001 Cap-Ex Budget, Higher Production And Cash Flow Forecasts And Gothic
Merger UpdateCompany Reports New Georgetown Discovery Flowing 40 Million
Cubic Feet of Natural Gas Per Day, Well Should Generate More Than $8 Million

Suncor Energy Inc - 2001 Capital Spending Budget Focused on Project
Millennium - Completion

Arizona Power Provider Quits California Market

Green Mountain Energy Company Teams Up with Peco to Provide Cleaner
Electricity to 50,000 New CustomersPhiladelphia to Become "Greenest"
Electricity Metro

Ppl Receives EPA `Energy Ally of The Year' Award

Wisconsin Power And Light CO. Files for Electric Surcharge; Rise in Natural
Gas Prices And Increased Purchased Power Costs Prompt Filing

Neither Energy Shortage Nor Long Hours Keep California ISO Employees from
Showing Holiday Spirit; Staff at The Grid Control Center Round Up Thousands
of Gifts for 300 Needy Children

Neuco, Inc. Signs Major Contract for Processlink(TM) at Four Orion Power
Generating Stations

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I N T E R N A T I O N A L
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Access stories online at: http://www.powermarketers.com/pma-intr.htm

$19m Energy Project for Taranaki

Natural Gas Hits 9.70 Dollars Per Million Btus

Controversial nuclear power plant goes online in Czech Republic

Top Energy Summaries - Thursday, December 21, 2000 - 12:08 PM

US Firm to Install $10 Bln Coal-Fuelled Power Plant in Pakistan

Darkness in Garissa As Power Engines Stall

Aes Ekibastuz Reaches Power Sales Agreement with Rao Ues of Russia

Norsk Hydro to Submit Plans for Fram West Field

Talisman Energy Ltd - Gulf Indonesia, Talisman And Pertamina Signing of
Agreements - for Additional Gas Deliveries to Caltex

Energy Crisis Continues to Damage Albanian Economy

Serbia faces more power cuts as temperatures fall

UK Government: Ecgd Backs Environmentally Friendly Mexican Power Project -
Caborn

Indian Government: Parliamentary Consultative Committee of Power Ministry
Meets; Discusses Power Supply Position

Russian Duma Committee Looks Into Iraq Sanctions And Energy Charter Treaty

Top Energy Summaries - Thursday, December 21, 2000 - 7:47 Am

Adb: PRC Promotes Wind-Based Power to Reduce Dependence on Coal

AuIron Energy hopeful of financing Ballymoney NIreland project in 2001

Tanzania Encourages More Investment to Relieve Energy Shortage

Eximbank Finances Iranian Power Plant

Russia PM Approves Power Industry Reform.

Disputed Czech N-plant to be plugged into power grid

U.S. Co. Bids for Hungarian Power Plant

Indian Power Sector Fails to Electrify Investors

Canargo Energy Corp - Reaches Agreement on Ukrainian Oilfield Development

Norway Approves Plans to Build Three Wind Power Plants

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

Reversion to Wood As Heat Source Unlikely Despite West's Energy Crisis

Vancouver, Wash.-Area Residents Face Variety of Home-Heating Options

Electric Utility in Gig Harbor, Wash., Area Plans Rate Increase in Spring

Tacoma, Wash., Council Puts 43 Percent Surcharge on Residential Electric Rates

Tacoma, Wash., Council to Vote on Surcharge for Residential Electric Customers

Illinois Panel Approves Order for Decommissioning Nuclear Power Plants

Consumers to Pay for Part of Utilities' Bailout, California Governor Says

Western Governors May Ask U.S. for Regionwide Cap on Electricity Prices

Dignitaries Make Way for York, S.C., Electric CO-Operative's New Home

North Carolina Power Systems Group Argues Against Electricity Deregulation

Three Florida Cities May Form Electric Utility Consortium

Utah Governor Expects Power Crisis to Affect Economy of Western U.S.

Groups Say Missing Fuel Rods Raise Safety Concerns at Connecticut Plant

High Court to Allow Utility Giant to Build Power Plant in Dane County, Wis.

Houston Natural Gas Prices Stay in Lofty Territory

Massachusetts Energy Regulator Defends Electric-Rate Increases

California Governor Says Utility Rate Hikes Are Necessary

California Utility Paid Stockholders Hefty Dividends As It Incurred Debt

Latham, N.Y.-Based Fuel Cell Developer Names New CEO, President

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REUTERS
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Access stories online at: http://207.32.82.57/news/ElectricPower.html

Calif. power crisis could short-circuit state economy

Calif. regulators set hearings on electric rate rise

S&P may cut 5 California power projects

UPDATE 1-Calif. power woes upset state deregulation plans

Southern Energy sets GE turbines for European plants

U.S. states watch California power woes

FACTBOX-Calif utilities say running out of cash

UPDATE 1-Powergen sells station to Scot Power

S&P affirms Calpine ratings

SoCal Edison says bankruptcy, court action are options

Conectiv sells unit, drops plan for telecoms partner

AES to make offer for rest of Chile Gener shares

CPUC to issue draft decision on power rate hike request

UPDATE 1-Cinergy sees power plant purchase boosting earns

N.C. public utility wants to stall deregulation

Turk court cancels $165 mln power grid tender

EU threatens Belgium with legal steps over power mkt

Czech Temelin plant to run first test on power grid

UPDATE 2-Indian state to review Enron power project

Taiwan justices begin reviewing nuclear decision

Utd Utilities buys Hyder industrial services

UPDATE 1-Indian state says to review Enron power project

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ELECTRONIC TRADING. Power is following natural gas to become an
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NUTS AND BOLTS OF RETAILING. What it takes to put an energy retailing
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RETAIL: WHAT WENT WRONG, HOW TO FIX IT. Retail electric deregulation has thus
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MANAGING BILLING. The complex requirements for managing billing and
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