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Subject:PowerMarketers.com Daily Power Report for 29 December 2000
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Date:Thu, 28 Dec 2000 14:27:00 -0800 (PST)

Attention POWER REPORT Readers: Go to
http://www.powermarketers.com/prdaily.htm to view today's edition with direct
headline links to each story.]

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--------------------T O P S T O R I E S--------------------

Top Stories (December 28)

US DOE EXTENDS CALIFORNIA POWER EMERGENCY ORDER THROUGH JANUARY 5
The U.S. Department of Energy has extended through Jan. 5 an emergency order
requiring power producers to supply California's troubled electricity market.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2000/
12/28/eng-djn/eng-djn_120031_164_545513889752

AES TO PAY ABOUT $1.3B FOR CONTROL OF GENER CHILE
AES Corp. will pay about $1.3 billion for just under 90% of Chilean
thermoelectric generator Gener SA when the tender offer is complete, said AES
Andes President Naveed Ismail on Thursday.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2000/
12/28/eng-djn/eng-djn_140033_13_6045648343861

ST. JOSEPH LIGHT HOLDERS TO GET 0.7933 UTILICORP SHARES
UtiliCorp United Inc. and St. Joseph Light & Power Co. set the conversion
ratio for their merger, with St. Joseph shareholders to receive 0.7933 shares
of UtiliCorp common stock for each share held as of December 29, 2000.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2000/
12/28/eng-djn/eng-djn_132028_73_0406201002188

PRICE OF NATURAL GAS REACHES RECORD HIGH
Cold weather pushed the price of natural gas used by most Americans to heat
their homes to a record high yesterday in a shock economists say is taking a
substantial bite out of consumers' pocketbooks and economic growth.
http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri
dder/2000/12/28/krtbn/0000-0382-WT-NATURAL-GAS

MANY ENERGY HEADACHES AWAIT BUSH
Three days before George W. Bush is inaugurated president, OPEC oil ministers
will meet in Vienna and in all likelihood slash oil production, raising crude
prices worldwide.
http://199.97.97.163/IMDS%PMANAT0%read%/home/content/users/imds/feeds/comtex/2
000/12/28/ao/0000-2329-bush-energy-headaches

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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

Nader/Calif Utils -2: Bankruptcy Call Irresponsible -PG&E

NW River Forecast: Spring Runoff Seen At 75% Of Normal

US To Probe Charges Europe Cos Dumping Uranium Illegally

DTE Energy Unit Files Mich. Transmission Capability Plan

Nader Says Bankruptcy Better Than Bailout For Calif Utils

Calif. Public Util Commission Hearings To Continue Friday

PRESS RELEASE: Moody's:Securitized Utility Debt Protected

Calif Utilities' Securitized Debt Protected - Moody's

Utility Bonds Still Safe Haven, Despite Calif. Crisis

PRESS RELEASE: Gener S.A. Rtg On S&P CreditWatch Negative

EEI: US Electric Output For Wk Ended Dec 23 Up 13.7%

Usec/Dumping -2: Preliminary ITC Decision By Jan 22 <USU

Calif State Senator: Utils Rate Hike Should Be Temporary

US Southeast Power Steady-Dn As Demand Expectations Slide

USEC: Commerce Dept To Investigate Dumping Claims

AES/Gener Chile-3:AES Restates Commitment To Chilean Law

St. Joseph Light/UtiliCorp -2:Merger Effective Dec 31<SAJ

AES/Gener Chile -2: To Buy Another 25% Via Share Swap

AES To Pay About $1.3B For Control Of Gener Chile

AES Buys 61.57% Of Gener Chile For CLP139.34 A Share

St. Joseph Light Hldrs To Get 0.7933 UtiliCorp Shrs <SAJ

UtiliCorp, St. Joseph Light Set Merger Conversion Ratio

Telecom Italia Venezuela Unit Doubles Projections - Paper

AES To Buy 61.57% Of Gener Chile In Auction At 1500 GMT

US DOE Extends Calif Pwr Emergency Order Through Jan 5

REPEAT: Calif Gov Hopes FERC Will Reimpose Price Cap

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

Boosting Public Power

Calif. Fails to Solve Energy Dispute

Many Energy Headaches Await Bush

Repeats: Energy Volume And Open Interest Totals-DEC 28

California Small Business Association Representatives Available for Comment
Surrounding Public Utilities Commission
Hearings on Energy CrisisReliable Electric Service, Price Stability And
Affordability Critical to Small Businesses

Commentary: An Alternate Solution to Energy Crisis

Hetch Hetchy Power Deal under Review

Reanet Seeks Fiber Optic Space from Electric Co-Ops

Vector Energy Corp - Completes Debt Restructuring; Reduces Debt by 3.9 Million

Energy Update/Los Angeles Department of Water And Power Daily Energy Update
for Thursday, DEC. 28, 2000

Record High Wholesale Natural Gas Prices Cause Increase to Psnc Energy
Customer Bills

Silicon Valley Braces for More Energy Shortages

Sipex Announces Availability of Superior +3.0v to +5.5v Usb Power Control
Switch

Energy Prices Prompt Cutbacks at Intalco

Puc Weighs Power Hikes: Hearing Starts with Utility Pleas

Utilicorp United And ST. Joseph Light & Power Set Conversion Ratio, Closing
Date of December 29, 2000

Southwestern Arkansas Bears Brunt of Winter Weather; 550,000 without Power

Cambridge Energy Corp - Initiation of Its Petroleum Technology Advancement
Program

Daytona Energy Corp - Private Placement 1 Mil Units @$0.15

GE Power Systems Expands Mobile Workforce Management Product Offerings with
Web-Based Solutions from ImedeonAgreement Complements Existing GE Offerings

Plains' Ice Storm Cuts Power Again

EGCOMP seen affected by power surplus in 2001: Seamico Securities

Directory Channels Buildings Integration Communications & Technology
Electro/Mechanical Energy Envelope Interiors
Safety/Security Advertising/ Media Kits Awards Discussions Events &
Conventions Free Subscriptions Buildings Magazine Commercial Building
Magazine Buildings Interiors Buildings.com Newsl

Azcentral.com - Handling of Power Crisis Under Fire

NEW VENEZUELAN ENERGY MINISTER TO MAINTAIN ESTABLISHED POLICIES

Aboitiz Equity acquires Northern Mini Hydro Corp for 395 mln pesos

Governor Dodges Power Fallout

Getting Real About Energy

Big Chill Will Bring Even Bigger Natural Gas Bills Cost, Consumption Rise As
Winter Turns Bitter Cold; Utilities May Seek New Rate Hike

PG&E Seeking 26% Jump in Raates / Utility Says Money Would Be Used to Recoup
$5 Debt from Surging Electricity Prices

Public: Freeze Power Rates / Puc Begged to Block Utilities' Electricity Hike

Good Neighbor Energy Fund Hopes to Help 1,750 Families

Maryland Company May Build Power Plant

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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

Serbia Suffers Through Energy Crisis, Montenegro Lashed by Heavy Rains

Huaneng Power International's Merger by Absorption of Shandong Huaneng
Becomes Effective

Serbian energy minister resigns amid power cut protests

South Korea Proposes Joint Probe Into North's Power Situation

Spain's Union Electrica Fenosa takes over Colombian power company

Nigeria: Muslim Youths Urge Government to Curb Corruption in Power Company

Daily Power Losses Total US$1.43mn - Venezuela

President Appoints New Mines & Energy Minister - Venezuela

Powerhouse Energy Corp - Discontinued Pre-Feasibility Due Diligence on the
"Turingia"

Putin Attends Opening of Power Plant in Northwestern Russia

Brazil : Acquisition of Power Generating Companies Attract Groups

Wind-Power Generators to Set Up Association

Natural Gas Prices Hit Record High

Japan's Tomen to Build 2 Midsize Wind Power Plants in Hokkaido

Bank of China Grants Rmb 6.95 Bln Credit Facility to Huaneng Power Int'l

Egco Acquires Stake in Coal-Fired Plant

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

York, Pa.-Area Businesses, Residents Can Expect Higher Energy Bills

Price of Natural Gas Reaches Record High

North Carolina Natural Gas Users to Face Jan. 1 Rate Hike

Wisconsin Energy Assistance Program Gets Boost from Grant

Washington Utility Sees Earnings Boost

California Commission May Approve Electricity Utilities' Rate Increase

California Firms, Homes Try to Reconcile Budgets with Rising Utility Costs

California Electric Utility Requests 30 Percent Rate Hike

Portland, Ore.-Area Aluminum Smelters Pursue Innovative Utility Plans

Department of Energy Extends California-Based Firm's Washington Site Contract

Philadelphia-Based Water Boiler Firm Prospers Despite Area Blight

Freezing Temps a Major Concern for Pennsylvania Residents without Heat

Philadelphia Gas Works Requests $140 Million Rate Hike

Brookport, Ill., Plans Fee Hikes to Cut Overuse of Water

North Brunswick, N.J., Water Plant Shuts Down

PSE&G Relative Expands Stake in Tunisian Power Plant

Natural Gas Prices Flirt with $10 Barrier

Attorney to Retires from Post at Harrisburg, Pa.-Based Energy Association

New Smyrna Beach, Fla., Officials Ask Supreme Court to Open Energy Market

Escondido, Calif., Council Approves Power Plant Query

Nuclear Commission Approves Raleigh, N.C.-Based Utility's Nuclear Plant Plan

British Trade Secretary Opens Door for Possible Bid on Utility Giant

British Energy Firm to Sell Stake in Field for $150 Million

Stocks of California Utilities Rebound As Commission Pursues Rate Increases

Energy Seeks Approval As Texas Retail Electric Provider; Some Details Vague

-Atlanta Regulators Issue New Rules for Natural Gas Bills

Oklahoma City-Area Subdivision Features Homes with Geothermal Energy Systems

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

UPDATE 2-Nader says Calif. utitilies should be allowed to fail

UPDATE 1-Winter keeps grip on U.S.; new storm arrives

US Corp Bonds-DaimlerChrysler weakens, trade thin

California power woes crimp stranded cost bonds

PSNC says higher natgas prices mean higher N.C. rates

Court likely to rule on FERC suit in 2 weeks-lawyer

S&P may cut Gener SA BBB-plus rating

Storm snarls I-20, strands travelers in Texas town

Chilly US winter, higher gas prices mean big bills

Ice, snow leave 335,000 in US South powerless for 4th day

Moody's comments on Calif crisis,securitized bonds

U.S. municipals see Calif. utility paper sink

Argentine gov't to decree public works plan on Thurs

UPDATE 1-North Korea seeks South's help on power supply

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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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