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Subject:PowerMarketers.com Daily Power Report for 26 January 2001
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Date:Thu, 25 Jan 2001 13:28:00 -0800 (PST)

Attention POWER REPORT Readers: Go to
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--------------------T O P S T O R I E S--------------------

Top Stories (January 25)

ENERGY STARVED CALIFORNIA CRAFTS PLAN
Lawmakers are considering a plan under which California would issue bonds to
cover the multibillion-dollar debts of its two biggest electric utilities and
make customers pay the money back over a decade.
http://199.97.97.163/IMDS%PMANAT0%read%/home/content/users/imds/feeds/comtex/2
001/01/25/ao/0000-3793-power-woes

CALIFORNIA EYES ACQUISITION OF UTILITIES POWER CONTRACTS FROM CALPX
California State Sen. Debra Bowen has drafted emergency legislation that
would allow the state to acquire hundreds of millions of dollars in forward
power contracts owned by Pacific Gas & Electric and Southern California
Edison that are in "danger of being liquidated by the state's Power Exchange."
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/
01/25/eng-djn/eng-djn_022059_174_42226761952

PANEL PULLS PLUG ON NORTH CAROLINA DEREGULATION PLAN
Because of worries caused by the recent rolling blackouts in California, a
legislative panel agreed yesterday to shelve plans to deregulate the power
industry in North Carolina this year.
http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri
dder/2001/01/25/krtbn/0000-0634-WN-UTILITY

SANTA FE, NEW MEXICO-AREA POWER PLANT GETS APPROVAL FROM REGULATORS
State regulators on Tuesday gave the green light to build a 600-megawatt,
natural gas-fired power plant in Deming that would beef up electric supplies
for power-hungry Western states.
http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri
dder/2001/01/25/krtbn/0000-0012-AQ-POWER-PLANT

TRANSALTA TO BUY BINGHAMTON, NEW YORK POWER PLANT FOR $9M
TransAlta Corp. (T.TA) has acquired a 55-megawatt, gas-fired power plant in
Binghamton, N.Y. for $9 million.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/
01/25/eng-djn/eng-djn_123337_37_6177456090227

GERMAN ENERGY GIANT LOOKS TO ENTER UNITED KINGDOM, U.S. VIA POWERGEN MERGER
Yet another continental utility is considering a move into Britain, where the
electricity and gas markets are the most open in Europe.
http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri
dder/2001/01/25/krtbn/0000-0531-SU-ENERGY-MERGER

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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

REPEAT:PG&E Up 15%, Edison Intl Up 23% On Merrill Upgrade

Enron Not Raising Stake In India's Dabhol Power Project

PG&E Up 15%, Edison Intl Up 23% On Merrill Upgrade <PCG

TransAlta/Plant -2: First Power Plant Buy In N.Y. State

Sempra Energy Earnings -4: Calif. Mkt Hurt 4Q Growth <SRE

Sempra Energy Earnings -5: Year Financial Table <SRE

Sempra Energy Earnings -3: First Call '01 EPS View $2.19

Sempra Energy Earnings -2: 4Q Financial Table <SRE

Cinergy Earnings -4: Focusing On 4 Business Segments <CIN

Sempra Energy 4Q Net 47c A Share vs 44c <SRE

Cinergy Corp Earnings -3: Yr Fincl Table, Comment <CIN

Sempra Energy 4Q Rev $2.32B vs $1.47B <SRE

TransAlta To Buy Binghamton, N.Y. Power Plant For $9M

Cinergy Corp Earnings -2: 4Q Financial Table <CIN

Telecom Italia Venezuela Unit Leads Bids In 2 WLL Regions

Cinergy Corp 4Q Oper Net 64c/Shr Vs Net 60c <CIN

Cinergy Corp 4Q Revenue $2.77B Vs $1.48B <CIN

US Weather:Snow In Great Lakes, Rain In Most of The West

TXU Confirms Plans To Sell 19.2% Cantabrico Stake <E.HIC

Electrabel/Cantabrico -2: Seen Selling Stake

Ratings Watch: Nordic Outlook Sunnier Than California

Electrabel Won't Bid Higher For Cantabrico Or For 100%

CNMV/Cantabrico -2: Follows EDP, Cajastur Counter-Bid

CNMV To Lift Cantabrico Suspension At 1100 GMT <E.HIC

Cantabrico/EDP/Cajastur-4: EDP To Hold 40%-50% Stake <EDP

Cantabrico/EDP/Cajastur -3: TXU Accepts Bid <EDP TXU

UniSource Energy Estimate -2:First Call Yr View $1.08/Shr

Calif Eyes Acquisition Of Utils Pwr Contracts From CalPX

PRESS RELEASE: Calif ISO Extends Stage 3 Emergency To Thu

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

Arc Energy Trust And Startech Energy Inc. Announce the Approval of The Plan
of Arrangement

Bush Tries to Ease Power Woes

Dominion East Ohio Pledges $1 Million to Energy Assistance Fuel Fund

Economic Development Power Allocation Board to Meet

Energy-Starved Calif. Crafts Plan

Business, Labor Call For New Power Plants

Advisory/Energy Producers Power Update

Top Energy Summaries - Thursday, January 25, 2001 - 5:29 PM

Energyunited Executive Urges State to Deal with Municipal Power Agency Debt
While Deregulation of Industry Is on Hold

Consol Energy Declares Regular Quarterly Dividend of $0.28 Per Share

Fitch Downgrades CE Generation to `Bb'; Rating Watch Evolving

Double Star Energy Creates Canadian Affiliate; Canadian Affiliate Complements
Double Star Energy's Texas Activities

Transalta Acquires Power Plant in New York State Through Mega

New World Power Signs Agreement to Acquire Rhode Island Utility

Energy Demand Seen Rising This Year

Helios Energy Adds New Directors

Top Energy Summaries - Thursday, January 25, 2001 - 2:44 PM

Repeats: Energy Volume And Open Interest Totals-Jan 25

Southwestern Energy Announces Gas Discovery in South Louisiana

Bear Stearns Initiates General Electric at Buy, $75 Target (Ge)

Ubs Warburg Upgrades Amer. Electric Power to Buy from Hold (Aep)

Bnsf Launches Unique Web-Based Coal Forecasting Tool

Energy Update/Los Angeles Department of Water And Power Daily Energy Update,
Thursday, January 25, 2001

Investec Initiates Coverage of Electric Fuel Corporation

Fitch Publishes Credit Update Reports on Several Power Companies

Blackouts Aren't in Idaho's Future, Power Providers Say But Groups Urge
Consumers to Use Energy Wisely

Idacorp Sells Its Solar Business Washington State Facility Purchased by
Schott Corp.

TransAlta Acquires Power Plant in New York State Through

Utility Executives Defend Soaring Gas Bills Profits Aren't Keeping Pace
Companies Tell State Legislators; Laclede May Get Rate Hike Today

Calif. Crafting Long-Term Power Plan

Conolog to Accelerate Delivery of Its New All-Digital Mutli-Directional
Protection Unit to West Coast Utility Customers

Fuelcell Energy Signs with King County, Washington for Digester / Direct
Fuelcell Energy Project

Cbiglobalenergy.Com, Global Energy Portal

TVA unlikely to face energy crunch

Turning on Solar

Restarting 2 Power Plants to Ease Calif. Crisis Booting Up Off-Line
Facilities Will Help, But Threats Remain

Energy Legislation: Gop Bill Encourages Nuclear Power

Wholesale Power Bids Brighten State Outlook / Davis Says 'There's a Long Way
to Go,' But Calls Auction A Success

California on Its Own for Power After Feb. 7 / State on Own After Feb. 7

Ken Garcia ; Power Crisis Could Teach Bush Lesson / Ignoring California Is
Not a Smart Idea

Nuclear Power

Pud Expects Some Big New Power Users

Deal May Lock in Power Rates Until Autumn

State May Own Power Plants

Public Forum Energy Crisis

Sharing the Energy Cities of Power Plenty Cut Back to Aid Others

Energy Constraints Damaging Economic Outlook for U.S.

Opening Energy Systems

Icc Told Natural Gas Prices Not Local Suppliers' Fault

Terra to Join GE in Major Coal Demonstration Project

Power Up Iowa Before It's Too Late

-Utility's Plan to Build Power Plant in Noblesville, Ind., Generates
Opposition

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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

Sempra Energy Could Act in Baja California Natural Gas Crisis: Analysts

Egypt wins 10-yr, 3 bln usd contract to supply Israel with natural gas

Israel to Buy Natural Gas from Egypt

Enron Negotiates Entry to Generation Market - Argentina

Top Energy Summaries - Thursday, January 25, 2001 - 12:33 PM

Porvair to Switch Focus to Fuel Cell Technology

Top Energy Summaries - Thursday, January 25, 2001 - 7:40 Am

Ocean Energy Announces Record 2000 Financial Results

US firm to tender shares in Spanish power group

Householders Could Save Pounds 100 on Their Energy Bills

Waertsilae wins order to deliver floating power barge to Dominican Republic

Israel: Iec's Proposal for Coal-Fired Power Plant Opposed

Australian Power Consumption Rising Faster Than Population

Iran And Armenia to Discuss Joint Fuel, Energy Projects

Cairn Energy Discovers Hydrocarbon in Western Indian State

Power Price Increase Likely Next Month

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

Panel Pulls Plug on North Carolina Deregulation Plan

Experts Link California Energy Crisis to High Natural Gas Prices in Midwest

Sunday Business, London, Liam Halligan Column

German Energy Giant Looks to Enter United Kingdom, U.S. Via Powergen Merger

Utah's Replacement Utility Bill Is Still a Hotbed of Controversy

Controversial Utility Bill Comes Undone in Utah

Utility Firm's Rate Increase Request Is Met with Anger in Idaho

Avista Says Northwest Natural-Gas Rate Hike Would Fund Conservation

California Utility Seeks State Approval to Pay Natural Gas Suppliers First

Bush Extends Order Forcing Suppliers to Sell Electricity in California

California Municipal Utilities Get Step Ahead: Deregulation Exclusion Helps

Energy Costs Devour California Government Funds

California Has Little Hope of More U.S. Energy Help: Bush Linked to Suppliers

Bush Extends Emergency Orders Averting Big California Blackouts

Bankruptcy Unlikely Cure for California Energy Crisis

Federal Commission May Thwart Virginia's Plans for Electric Deregulation

Roanoke, VA.-Based Power Company Reports Higher Profits After Merger

California Lawmakers' Power Plan Gets Push

California Weighs Bond Sales to Finance Power Purchases

Oregon Power Rates Are Almost Certain to Rise
Pacificorp Willing to Modify Oregon Dam for Fish

Utility.Com Plans to Disconnect 30,000 Pennsylvania Electric Customers

Illinois Fares Better Than California in Deregulation of Electricity

Philadelphia Council to Approve $20 Million for City-Owned Utility

City-Owned Electric Companies in Utah Announce Rate Hikes

Orange County, Calif., Treasurer Defends Investments in Troubled Utility

San Diego Gas, Electric Firm Wants to Raise Rates 17 Percent

California Awaits Electricity Suppliers' Energy-Contract Bids

Newark, N.J.-Based Utility Group Beats Forecasts, Predicts Strong Future

All Eyes Are on California's Delicate Balance of Power

New Jersey Utility Reports Increase in Earnings

Macon, GA., Water Authority to Launch Investigation Into Employee's Death

Texas Utility Commission Proposes More Flexibility for Deregulation

Houston-Based Energy Firms Submit Bids in California Utility Contract Auction

Texas Utility Regulators Propose Summer Electricity Surcharge

California Government Funds Ease Power Crisis; More Solutions Sought

Former Nuclear Weapons Workers Settle with Babcock & Wilcox of Ohio

Ohio Utility Dpl Inc. Generates Record Profit for 2000

Detroit Free Press Doron Levin Column

Alliant Energy Maintains That Higher Electric Bills Are Linked to Gas Prices

Iowa Utility Billing Change Could Result in Savings for Customers

Livermore, Calif., Windmills May Help with Power Supply Over Summer

Owner of Contra Costa County, Calif., Power Plants Withdraws Tax Cut Appeal

Manatee County, Fla., Approves Plans for New Power Plant

Energy Crisis Forces California Power Companies to Cut Back on Outage Service

Electric CO-OP Sues Amarillo, Texas-Based Utility Over Violation of Sales Pact

Higher Utility Bills Have Amarillo, Texas, Residents Clamoring for Solutions

Amarillo Globe-News, Texas, Energy Briefs Column

Santa Fe, N.M.-Area Power Plant Gets Approval from Regulators

-Utility's Plan to Build Power Plant in Noblesville, Ind., Generates
Opposition

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

UPDATE 1-Potomac Electric Q4 operating profit

N.Y. raises taxes to fund energy conservation programs

Lernout & Hauspie's former CEO Duerden quits board

S&P sees minimal risk of a power crisis in Europe

UPDATE 2-California power crisis hits Phelps Dodge mines

TXU backs EDP,Cajastur bid for Cantabrico

Power shortfall threatens New York City economy--study

UPDATE 3-EDP leads 2.7-bln-euro bid for Cantabrico

Western Gas extends gas deliveries to PG&E

PG&E urges regulators to secure Calif. gas supplies

TABLE-Cinergy Q4 results, revs rise

Greenpeace uses riot police van in nuclear protest

WRAPUP 1-Calif. utilities get boost after state auction

UPDATE 1-Enron says no stake hike in Indian unit

Madrid shares flat, electric cos, Popular rally

TABLE - Keyspan Q4 oper EPS beats estimate

UPDATE 2-Sempra earnings decline is smaller than expected

Laclede Q1 earnings almost double, plans new hldg grp structure

Enron ups 2001 profit target on continued strength

Cinergy Q4 earns rise, top Street view

Allegheny Q4 earns rise less than expected

Scottish Power mulling Powergen bid but will wait

Japan utilities hike rates due to higher fuel cost

TABLE - Sempra Energy Q4 EPS 47 cts

PSEG prices $2.5 bln stranded cost bonds

MDU Resources Q4 net rises, sees 2001 on track

UPDATE 1-Calif. power crisis 'significant problem'-Greenspan

Sempra Energy fourth quarter profits slip

UPDATE 1-MDU Resources Q4 net rises, sees 2001 on track

UPDATE 1-French EdF to open 42 pct power market by 2003

Kenya lifts biting power rationing as drought ends

S&P revises Green Mountain Power outlook

Energy wholesalers profiteering or just profiting?

Indian utility to miss deadline for paying Enron

Calif. power shortage improving, alert may be downgraded

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RETAIL: WHAT WENT WRONG, HOW TO FIX IT. Retail electric deregulation has thus
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