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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 30) BUSH TO CONVENE NATIONAL ENERGY LEADERS TO DISCUSS CALIFORNIA POWER CRISIS While state legislators continue to hammer out a solution to California's power crisis, President Bush will convene top advisers today to discuss the issue. http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri dder/2001/01/30/krtbn/0000-0538-SJ-ENERGY-LEADERS CALIFORNIA EXHAUSTED $400M FUNDS SUNDAY ON POWER The California Department of Water Resources has used up $400 million in emergency funds to buy power on behalf of two of the state's largest utilities, a spokesman for the DWR said late Monday. http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/ 01/30/eng-djn/eng-djn_112107_192_6071195025 RATES AT PORTLAND, OREGON-BASED POWER ADMINISTRATION COULD GO UP 95 PERCENT The Bonneville Power Administration could nearly double the price it charges utilities and industries for electricity beginning this fall. http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri dder/2001/01/30/krtbn/0000-0614-TC-POWER VIRGINIA LEGISLATURE MODIFIES ELECTRICITY DEREGULATION PLAN The state Senate voted 32-6 yesterday to amend Virginia's plan to deregulate electricity. http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri dder/2001/01/30/krtbn/0000-0509-RV-ELECTRICITY DYNEGY COMPLETES ACQUISITION OF NORTHEAST GENERATION ASSETS Dynegy Inc. today announced the completion of the previously announced acquisition of 1,700 megawatts (MW) of power generation facilities in the Northeast. http://199.97.97.163/IMDS%PMANAT0%read%/home/content/users/imds/feeds/comtex/2 001/01/30/pr/0000-1604-tx-dynegy-acquisition ---------------------------------------------------------------------- DOW JONES NEWSWIRES ---------------------------------------------------------------------- Access stories online at: http://199.97.97.79/IMDS|PMADJN0,PMADJN1,PMADJN2,PMADJN3,PMADJN4|index CORRECT: $20M Not $40M Of Edison CP In Orange County Pool EDP May Give Ground In Portugal For Cantabrico Go-Ahead Toronto Hydro Union Negotiations Near Deadline PRESS RELEASE: CalPX Not Prime Rtg Withdrawn: Moody's Enron/Canada Paper Mill Ops -2: Complements NJ Mill <ENE Calif Power Exch Not Prime Issuer Rtg Withdrawn: Moody's Montana Power Co Earnings -2: 4Q, Yr Fincl Table <MTP Enron Corp To Buy Canadian Paper Mill Ops <ENE California Exhausted $400M Funds Sunday On Power Montana Power Co. 4Q Net $1.17/Share Vs 56c <MTP RWE/Cantabrico -3: RWE Would Need To Improve Price By 5% RWE/Cantabrico -2: Follows Mkt Rumors Of EUR27 Bid <E.HIC RWE Continues To Study Takeover Bid For Cantabrico <E.HIC SoCal Ed/Audit -2: Most Profits Have Been Distributed SoCal Ed Saw High Profits In Dereg's Early Days - Audit Otter Tail Power Earnings -2: 4Q, Year Fincl Table <OTTR California Exhausts $400M Sunday On Power Storms In US Bring Icy Roads, Closed Schools, Deep Snow US Court Refuses PG&E's Emergency Request To Raise Rates Mexican Utility To Sell 50MW/day To Calif Until Feb 14 SDG&E Says Util Should Be Part Of Calif Pwr Contracts<SRE 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 Natural Gas Prices High Water Agencies Pitch in to Combat Energy Crisis; Assistance in Purchasing Alternative Power Sources Announced Top Energy Summaries - Tuesday, January 30, 2001 - 5:04 PM N.B. Outlines Plans for Energy Competition But Says It's Not Deregulation Energy Prices Snapshot Dynegy Completes Acquisition of Northeast Generation Assets --USPS SEEKS GAS SUPPLIERS Apx Offers California Power Trading Solution; Private Sector Exchange -- Free of Public Funding -- for Troubled Electricity Market Daybreak Energy Corporation Announces Plan to Tie-In Gas Users Struggling Thousands Tap Energy Assistance Program Pike County Residents Split Over Plan to Build Mammoth Power Plant Deregulation Push for N.C. Power on Hold; Bill Ideas to Come After Session Power Trust to Start Funding Process El Paso Energy Corporation Completes Post-Merger Restructuring Repeats: Energy Volume And Open Interest Totals-Jan 30 Running Out of Power Top Energy Summaries - Tuesday, January 30, 2001 - 2:13 PM Governor Expands Energy-Assistance Program Merced Electric Company Seeks Hike Ocean Energy Presenting at CS First Boston Conference Cilco-Sought Changes Could Mean Higher Profits, Higher Rates -- Utility Says Mine Charges Twice the Spot Market Rate Energy Update/Los Angeles Department of Water And Power Daily Energy Update, Tuesday, Jan. 30, 2001 Lehman Initiates Proton Energy at Strong Buy, $17 Target (Prtn) People in Business ; Reinholds Man Gets GPU Energy Post Ago Investigating Energy Pricing Allegations DTE Energy to Sponsor VIP Reception And Awards Ceremony Trc Affiliate Awarded DOD Energy Savings Contract Wind Power Takes on New Vitality Progress Made in Miniaturizing Fuel-Cell Power Sources Eloy May Get Power Station to Be Fueled by Natural Gas Top Energy Summaries - Tuesday, January 30, 2001 - 12:22 PM Davis' Energy Plan Gets Mixed Response Altra Reports Record-Breaking YearDespite Increased Competition, Leading Independent Energy Market Experienced Steady Growth in 2000 Deregulation And the Current Power Utility Crisis Case Is Made for Wind And Cow Manure Electric Rates Go Up Again Transmission Capacity a Major Cause of California Blackouts According to Energy Info Source Indeck Disputes Need for Township's Ok Plans for Niles Power Plant Keep Charging Ahead Cbi's 4th Annual Managing Taxation; Structures And Negotiations for A Competitive Energy Marketplace - Unbundling, Divestitures, Mergers And Acquisitions Calif. Runs Out of Emergency Power Funding Top Energy Summaries - Tuesday, January 30, 2001 - 9:08 Am Empire Energy to Begin Selling Tennessee Gas Reserves Teton to Participate in Torch Energy Conference in New York City And Rapport Capital Luncheon in Toronto Tradewell Systems, Inc. Chooses Storageprovider for Managed Storage Services; Performance And Reliability Key to Energy Industry Integration Infrastructure Peco Energy Selects Planalytics' Weathernomics Gas Buyer to Lower Natural Gas Acquisition Costs Commissioner of Public Utility Commission of Texas to Keynote Ercot 2001 Conference Power Company Begins Layoffs Top Energy Summaries - Tuesday, January 30, 2001 - 7:21 Am Oakland to Scrimp on Energy Use / Mayor Vows to Cut Consumption by 10%, Seek $3 Million Loan for Retrofit Alternative Energy Sources to Take Center Stage at Spokane Conference Bpa Boss Sees Steep Rate Hike for Electricity During the Next Five Years, Wholesale Power Rates Could Rise 60 Percent, He Says Us: Government to Buy Power to Rescue Bankrupt Power Utilities 'Empathetic' Lombard Trustees Might Lower Their Natural Gas Tax Bush Emphasizes National Increase of Energy Supply Calif. Cities Luring Cos. with Power Calif. Power Woes Spark N.E. Debate President Bush fears power shortages could spread beyond California Analysts Hail Bond Plan to Ease California Power Woes ---------------------------------------------------------------------- I N T E R N A T I O N A L ---------------------------------------------------------------------- Access stories online at: http://www.powermarketers.com/pma-intr.htm Sumitomo Gives Up Wind Power Project in Iwate GE Power Systems Supplies Gas Turbine for New Plant Developed by Pluspetrol of Argentina UK Government: New Measures Update Energy Labelling Requirements The Electric System Connects Wtih Chile RWE to join battle for Spanish power utility Hidrocantabrico: report European Power Companies to Set Up Net Marketplace Adb Technical - China, Wind Power Vietnam Province May Build Gas-Electric-Fertiliser Complex Power Troubles Snowball in Russia East China Sea to Supply China's Growing Natural Gas Demand Coal Sector Plans Major Mine Merger, Eventual IPO ---------------------------------------------------------------------- KRT DAILY ENERGY NEWS ---------------------------------------------------------------------- Access stories online at http://www.powermarketers.com/pma-krt.htm Waste Authority Wants to Sell Portsmouth, VA., Power Plant Tulsa, Okla.-Based Energy Firm to Study Strategic Alternatives Tennessee Valley Authority, Enron Settle Power Dispute Ratepayers at Small Tacoma, Wash.-Area Utilities Can Expect Large Increases Rates at Portland, Ore.-Based Power Administration Could Go Up 95 Percent Washington Governor Declares Energy Alert; State Agencies Must Cut Use Sandpoint, Idaho, Residents Hear of Utility's Proposed Rate Increases Plan to Revamp Steam Plant Generates Excitement at Washington State University Spokane, Wash., Officials Urge Power-Plagued California Firms to Move North Washington Governor Proposes Tax Breaks to Encourage New Power Generation Spokane, Wash.-Area Stores Cut Lights, Hours to Save Power Minnesota Utility Ratepayers Feel Squeeze of Higher Energy Rates ST. Louis Post-Dispatch David Nicklaus Column California Utilities' Blue Collar Workers Assaulted by Bitter Customers Bush to Convene National Energy Leaders to Discuss California Power Crisis California Investigates Amount of Debt Owed by Utility Companies Needy Utilities Put Pacific Northwest's Federal Power System in A Crunch Washington Governor Declares `Energy-Supply Alert' Virginia Legislature Modifies Electricity Deregulation Plan Oregon Legislator Hatches Plan to Overtake Federally-Owned Power Authority Oregon Congressman Enters Bill to Stem Tide of Energy Deregulation City of Philadelphia May Consider Sales of Utility Company Danish Wind-Turbine Maker Could Generate 600 Jobs in Pueblo, Colo. Cairo, KY., Utility's High Rates May Upset Mounds, Ill., Cat Litter Plant Texas-Based Parent Firm of Kentucky Utility Adds More Services Representatives California Bill to Reduce Utilities' Debts Gains Momentum California Power Crisis Might Boost Water Bills California's Deregulation Causes Interruption in Power, Business Kansas City, Mo., Hurt by Struggles of California Utility Companies The Kansas City Star, Mo., Chris Lester Column Gas Costs Burn Hole in Budgets of Texas Universities Houston-Based Reliant Energy Reports Flat Profit for Fourth Quarter Texas Energy Companies Finalize Merger The Record, Hackensack, N.J., Your Money's Worth Column Lebanon, Pa.-Area Power Plant Nears Completion Electricity Sales Boost Allentown, Pa.-Based Utility Company Earnings The Boston Globe David Warsh Column Florida Power & Light Shuts a Reactor at Turkey Point Nuclear Plant San Diego County, Calif., Supervisors Push for Ability to Buy Power Escondido, Calif.-Area Property Owners Say Power-Plant Planners Ignore Them California's Big Businesses Lobby Against Targeted Power-Rate Increases San Diego Electric Utility Requests 35 Percent Rate Hike Denver Power Customers Urged to Conserve for Sake of Californians Head of German Utility Company Announces Resignation South Carolina Utility Delays Reopening of Power Plant in Fairfield County Cedar Rapids, Iowa, Seminar to Offer Churches Energy Conservation Tips Duke Energy's Chief Speaks Up to Deny Profiteering in California California's Electricity Rates Confusing to Consumers Boston-Based Firm to Build Electric Generating Plant Near Deweyville, Texas Texas Panhandle-Area Water Group Seeks Funds to Gather, Refine Data ---------------------------------------------------------------------- REUTERS ---------------------------------------------------------------------- Access stories online at: http://207.32.82.57/news/ElectricPower.html SCE&G delays 1,000-MW Summer S.C. nuke restart to March Blizzard strikes parts of South Dakota, Minnesota UPDATE 2-Enron's Indian unit acts to recover unpaid bills US Senate panel tackles Calif power crisis on Wed Canada spot natgas keeps falling on warm weather NiSource fourth-quarter earnings more than double EDP vows financial muscle for Cantabrico Finland backs faster EU finance, energy laws-PM Progress Energy earnings are better than expected UtiliCorp's Aquila sets IPO at 16.5 mln shares Southern U.S. faces new drought threat after La Nina demise TransCanada trading gas with PG&E amid California woes Exelon earnings top expectations RPT-CORRECTED-Rappaport to step down as NYMEX chairman in March New York sets summer plan to ensure adequate power supply UPDATE 1-Conectiv posts better-than-expected profit gain ADVISORY-EXELON UPDATE 1-TransCanada boosts profits, ups dividend Inside track-Ofwat Welsh ruling tests UK waters Nuclear waste shipment to arrive in Japan on Feb 20 Moody's withdraws CalPX 'Not Prime' S-T issuer rtg New Issue-UtiliCorp United sells $250 mln 10-yr notes Japan energy venture to build two power plants Electric deregulation flops in Calif, helps elsewhere WRAPUP 1-Bad news mounts in Calif. energy crisis Daishowa sells Canadian unit to Enron AES big loser in soft utility group Fitch may change Utilicorp United rating ********************************************************* 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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