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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 29) BUSH DIRECTS ENERGY PLAN President Bush, voicing alarm that California's energy crisis is spilling over its borders, directed Vice President Cheney and several Cabinet members to develop a plan for the federal government to "act boldly and swiftly." http://199.97.97.163/IMDS%PMANAT0%read%/home/content/users/imds/feeds/comtex/2 001/01/29/ao/0000-1444-power-woes-bush CALIFORNIA GOVERNOR FAVORS FINANCING INTEREST IN UTILITIES Gov. Gray Davis on Friday threw his weight behind a controversial plan to have the state provide financial relief to Southern California Edison and Pacific Gas & Electric in return for partial ownership of the debt-wracked utilities. http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri dder/2001/01/29/krtbn/0000-0077-OC-POWER-CRISIS PSEG, PANDA JV'S 1,000-MW TEXAS POWER PLANT ON LINE A 1,000-megawatt power plant in Guadelupe, Texas has begun commercial operations, its owners said Monday. http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/ 01/29/eng-djn/eng-djn_144057_46_3356754020788 EL PASO ENERGY COMPLETES MERGER WITH COASTAL, CREATING THE WORLD'S LEADING NATURAL GAS COMPANY El Paso Energy Corporation announced today that it completed its $24 billion merger with The Coastal Corporation after the Federal Trade Commission cleared the way by approving for public comment the consent agreement governing the merger. http://199.97.97.163/IMDS%PMANAT0%read%/home/content/users/imds/feeds/comtex/2 001/01/29/pr/0000-4866-.dstfront_05 -TENNESSEE OFFICIALS VIEW CALIFORNIA POWER CRISIS AS OPPORTUNITY FOR GROWTH As the lights blink on and off in California, economic developers hope the Golden State's electricity drought will draw manufacturers to power-plentiful Tennessee. http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/writersd esk/2001/01/29/eng-powerm-000001/eng-powerm-000001_170658_145_178116061725 ---------------------------------------------------------------------- DOW JONES NEWSWIRES ---------------------------------------------------------------------- Access stories online at: http://199.97.97.79/IMDS|PMADJN0,PMADJN1,PMADJN2,PMADJN3,PMADJN4|index PG&E, Edison Up -3: Wts Would Cap Hldr Upside -Analyst PRESS RELEASE: Green Mountain Power On Moody's Review-Up Green Mountain Power Now On Moody's Review-Up Vs Down PRESS RELEASE: Calif Stranded Bonds Not Affected: S&P PSEG, Panda JV's 1,000-MW Texas Power Plant On Line Calif Stranded Bonds Not Affected By Energy Crisis: S&P PG&E, Edison Intl Up-2: Bankruptcy Threat Lower -Analyst PG&E, Edison Intl Shrs Up On Calif. Lawmaker Plan <EIX Cantabrico Says Bidding Process "Positive" <E.HIC AES To Purchase Remaining 4.3% Of GenerChile For $59.7M US Weather: Severe Storms Expected In South; Plains Snow TXU Europe/Servista -2: Servista Sees 1H Germany Launch RWE/Cantabrico -2: RWE Declines Comment On Counter-Bid RTE/Awards/Contracts -3: Enron, Endesa, TXU, EDF Bid RTE/Awards/Contracts -2: 1-Yr Allotments To Be Auctioned RTE To Auction 850 MW Remainder In Annual Auction Feb. 12 RTE Awards 3-Yr Contracts For France-To-UK Elec Capacity RTE Allocates A Total Of 650 MW To Two Companies RWE Criticizes Hostile Bid For Cantabrico - Report TXU Europe Unit In Servista.com Energy Supply Deal 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 Bush Sets Up Energy Task Force California Continues Power Alerts El Paso Energy Completes Merger with Coastal, Creating The World's Leading Natural Gas Company Enbridge, Ontario Power Generation And Atomic Energy of Canada Limited Help Launch Major Environmental Initiative in Toronto, Peterborough And Mississauga Management`S Discussions: 10-K, Massey Energy CO 2 of 3 Management`S Discussions: 10-K, Massey Energy CO 1 of 3 -Tennessee Officials View California Power Crisis as Opportunity for Growth Sierra Pacific, Nevada Power Offer Emergency Plan to Assure Reliable, Reasonably Priced Electricity for Nevadans Penn Virginia Announces Additional Natural Gas Hedges for 2001 1000 Mw Guadalupe Power Plant Begins Commercial Operations; Plant Constructed in under 18 Months Hawaii's Largest Electric Utility Powers Up with Vignette; Hawaiian Electric CO. Enables Customers to Manage Accounts Online with Vignette Technology Santa Fe International Corporation to Present at Energy Conference Bridge Update-Commodities: Energy Leads Markets Into Tailspin Enterprise Acquires Interests in Natural Gas Pipelines Environmental Excesses Have Us Starved for Power El Paso Energy Announces New Board of Directors Cypress Energy Inc. Enters Into Letter of Intent to Acquire Ranchero Energy Inc. Advisory/Resource: California Energy Crisis And Energy Alternatives; Grid Survey Report Provides Overview of Alternative on-Site Energy Sources, Implications of Deregulation Remarks by the President at Energy Policy Meeting Jan. 29 Electrical Poker Game Begins Parks Fueled by Green Energy Online Auction Powers California Energy Recovery Northwest Bailing Out Power Hogs Emergency Power Systems A Few Reminders About Power Factor Improvement Forming a New Power New York Could Experience California-Type Energy ShortagesIndustry Expert Says Similar Policies Could Leave the State Short on Electricity Repeats: Energy Volume And Open Interest Totals-Jan 29 Utility Companies Weather Winter Storms Nem Adopts National Energy Technology Policy Pemex Targets Major Increase in Natural Gas Production to Meet Soaring Domestic Demand Access Tool AIDS Seasonal Power Clean-Up Mexico's Natural Gas Pricing Crisis: Will Confrontation Lead to Policy Liberalization? Jefferies Upgrades Reliant Energy to Buy from Accum (Rei) Bush appoints task force on California crisis, broader energy issues Mount Dakota/Sovereign Chief Ventures Letter of Intent Signed for Five Well Natural Gas Project New Carb Ruling on Electric Vehicles Boosts Stuart Energy's Hydrogen Infrastructure Initiatives-- California Maintains Requirement for Automakers to Sell Electric Vehicles by 2003 -- Processors Lament Unstable Power Bush Directs Energy Plan Energy Update/Los Angeles Department of Water And Power Issues Daily Energy Update for Monday, Jan. 29, 2001 Energy Company Will Invest $6 Billion in Next Four Years Clean Air Trust: Clean Air And Energy -- the Big Myth And the Reality Effort to Recover Utility Fees Blocked Sapient Energy Corp. to Pursue Strategic Alternatives Northwest May Hire Firm to Help Rein in Energy Costs Low Temperatures And High Gas Prices Put Strain on Budget; Firm Helped Other School Districts American Power Conversion Integrates with Johnson Controls' Metasys(R) Building Automation SystemFacility And Building Managers Can Now Control And Proactively Manage Apc Symmetra(R) And Silcon(TM) Power Protection Systems Via The Metasys Building Automation System Enbridge Inc. Takes Steps to Minimize Impact of Rising Natural Gas Prices Albertson's Expands Conservation Effort Power Use, Too Regulators Urge Other Idaho Firms to Follow Example President Extends Orders Ensuring Power to California Power Crunch Plugging Green Power Beacon Power's Flywheel Energy Technology Used by San Diego Gas & Electric Convergent Group And Imedeon Form Strategic Alliance to Offer Wireless, Web-Based Utility Business Solutions Enermetrix Raises $35.5m in Private Equity; Company Geared to Fuel Growth And Deliver New Solutions to Volatile Energy Markets Telemetrix Begins Trials with City of Holland, MichiganTelemetrix Wireless T3000 E-Telemetry Data(TM) System to Be Tested on City of Holland Electrical Meters. Lodestar Corporation Receives Approximately $29 Million Investment from Ocm/Gfi Power Opportunities Fund, L.P. Energy And Biotech Ipos on Tap Energy Bills Climb Higher with User Tax / PG&E Customers Face Double Whammy Seabrook Nuclear Power Station Selects Maximo(R)Maximo to Play Key Role in Seabrook's World Class Performance Initiative Feature/Home Grown? U.S. Consumers Show Increasing Interest in Generating Their Own ElectricityNew National Consumer Survey Finds Higher Home Power Use, Environmental Values & Desire for Independence; Threat of California Blackouts May Be "Defining Moment" for New on-Site Power Generation Technologi Calif. Remains under Power Alert Higher Electric Bills Related to Cold Weather Snap Power Plant Sparks a Border Battle Coweta Residents in Court Today Trying to Stop Facility Being Built in Nearby Heard. Letters: Look Into Facts About `Shortage' of Natural Gas Natural Gas Companies Can't Handle Rash of Calls ---------------------------------------------------------------------- I N T E R N A T I O N A L ---------------------------------------------------------------------- Access stories online at: http://www.powermarketers.com/pma-intr.htm DAVOS EU's de Palacio sees Russia energy link improving supply security Minister: Hydro Concessions Freeze Lost US$1.5bn Investments - Peru Generation Increases 4.1% in 2000 - Chile Enersul to Develop 485.5mw in Small-scale Hydro - Brazil OSC Re Equatorial Energy Exemptive Relief Applications Erosion of A High-Carbon Steel in Coal And Bottom-Ash Slurries World Energy Council Names New Chairman Eastern Energy to Supply Servista Top Energy Summaries - Monday, January 29, 2001 - 12:26 PM Design Power, Inc. Announces New Customers for Front-End Plant Design Software Tyco Electronics: Tyco Electronics Introduces New Highly Efficient And Compact Line of 30w-40w Power Modules Cambridge Energy Corporation Readied Development of Its Donner Field in Southeastern Louisiana Israel to Import Egypt's Natural Gas, Israeli Companies Protest Top Energy Summaries - Monday, January 29, 2001 - 8:58 Am Top Energy Summaries - Monday, January 29, 2001 - 7:46 Am India quake knocks industrial wind out of prosperous Gujarat state Ues of Russia to Invest in Primorye Coal Industry. Japan's Kansai Electric to Supply Mitsubishi Heavy with LNG ---------------------------------------------------------------------- KRT DAILY ENERGY NEWS ---------------------------------------------------------------------- Access stories online at http://www.powermarketers.com/pma-krt.htm -Tennessee Officials View California Power Crisis as Opportunity for Growth The Record, Stockton, Calif., Eric Grunder Column California Commission Suspends Fines for `Interruptible' Power Usage The Philadelphia Inquirer Andrew Cassel Column California Governor Favors Financing Interest in Utilities Plano, Texas, Official Pitches City's Energy Supply to California Firms California Groups Seek to Assign Blame for Energy Crisis Economists See Rate Hikes from California Utilities Water Costs Trickle to Ontario, Calif.-Area Customers Retired Corona, Calif., Power Exec Remains in High Demand Opinion: Small Business Foots Bill for California Power Mistakes The Business Press, Ontario, Calif., Inland Empire Focus Column Belleville, Ill.-Area Small Businesses Raise Prices to Cover Natural Gas Bills ---------------------------------------------------------------------- REUTERS ---------------------------------------------------------------------- Access stories online at: http://207.32.82.57/news/ElectricPower.html Northern Alternative to buy 12 units from Pratt/Whitney El Paso names board following Coastal approval Enron claims first commodity data storage deal Kharafi group wins $390mln Kuwait BOT sewage plant W.House energy talks break no new ground on Calif. Bush to spotlight faith-based groups, power crisis UPDATE 1-California utility shares steady,trade slows WRAPUP 1-Calif. under power alert as Bush meets advisers El Paso Energy gets antitrust okay in Coastal deal Enron considers developing Bahamas terminal - WSJ Saudi Alujain plans $425 mln iso-octane project El Paso says owed $50 mln by Calif. utilities German RWE's Biblis A nuclear plant back on stream California utility shares rise after upgrade Duke, KeySpan propose Conn.-N.Y. gas pipeline 1,000-MW gas power plant begins operation in Texas UPDATE 1-FERC orders Calif PX to enforce power cap El Paso Q4 earnings jump with higher gas prices FERC orders Calif PX to enforce power price cap Canada spot natgas weakens on seasonal weather UPDATE 1-El Paso earnings soar on unregulated-businesses boost Taiwan anti-nuclear protester sets himself on fire Indian nuclear power plant withstands quake INTERVIEW-Spain's Rato says mulling giant power merger plan US AES launches tender for rest of Chile Gener PPL files shelf with SEC for $800 mln in debt, equity AES fourth-quarter earnings rise sharply RESEACH ALERT - PG&E, Edison International raised ********************************************************* 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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