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From:pmadpr@worldnet.att.net
To:
Subject:PowerMarketers.com Daily Power Report for 5 February 2001
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Bcc:
Date:Sun, 4 Feb 2001 10:19:00 -0800 (PST)

Attention POWER REPORT Readers: Go to=20
http://www.powermarketers.com/prdaily.htm to view today's edition with dire=
ct=20
headline links to each story.]

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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

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"THE SUBJECTS"


CALIFORNIA --- What's in store for the summer?

GAS PRICE VOLATILITY ---Why?

POWER MARKET RISKS --- Explained

THE TEXAS RETAIL MARKET --- Will it work?

NEW POWERPLANTS --- How big is the opportunity?

CREDIT RISK --- How to manage it.

REAL PRICES --- Is the retail market ready?

WEATHER RISK --- Is it a market yet?

TRANSMISSION CONSTRAINTS --- Completely intractable?

PROVIDER OF LAST RESORT --- Dumping Ground?

THE WEB --- Don?t get fooled again.

RETAIL BILLING --- Getting it right

POWERLINE TELECOM --- The next big thing?

ROLLING BLACKOUTS --- Peak shaving?

DISTRIBUTED GENERATION --- Ready to boom?

COAL --- Fuel of the Future?

And, WHERE IS YOUR CAREER GOING?

BE READY --- KNOW THE ANSWERS

Attend the Power Marketing Association?s annual spring meeting:

POWER MARKETS 2001: CRISIS AND OPPORTUNITY
March 14-16, 2001 Las Vegas

For the complete agenda:
http://www.pmaconference.com/0103Agenda.pdf

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

Top Stories (February 2)

CALIFORNIA REGULATORS RETHINK BILLING UTILITIES FOR STATE POWER BUYS
California utility regulators are reconsidering a decision to hold the=20
state's two largest utilities responsible for millions of dollars in costs=
=20
the state has incurred buying power on an emergency basis since mid-January=
.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/20=
01/
02/02/eng-djn/eng-djn_190102_200_408032627311

CALIFORNIA EXTENDS STAGE 3 POWER ALERT THROUGH MIDNIGHT MONDAY
California's power-grid operator has extended its most urgent Stage 3 power=
=20
alert through midnight Monday, citing limited supply.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/20=
01/
02/02/eng-djn/eng-djn_232038_158_437131713144

INTERGEN BUILDING 1,200-MW GAS-FIRED POWER PLANT IN TEXAS
InterGen North America, a joint venture between Shell and Bechtel=20
Enterprises, broke ground Friday on the firm's first U.S. project, a=20
1,200-megawatt natural gas-fired power plant in southeast Texas.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/20=
01/
02/02/eng-djn/eng-djn_210102_135_355066987686

FEDERAL GOVERNMENT RESISTS DEMANDS FOR US UTILITY RATE CAP
Energy Secretary Spencer Abraham rejected pleas from Western governors Frid=
ay=20
to cap wholesale utility prices to protect consumers should California's=20
energy crisis spread.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/20=
01/
02/02/eng-djn/eng-djn_230103_182_254121059086

-FLORIDA TASK FORCE BACKS CONSTRUCTION OF WHOLESALE POWER PLANTS IN STATE
Florida should break the monopoly held by big utilities over the state's=20
$13-billion electricity business, a commission appointed by Gov. Jeb Bush=
=20
recommended Wednesday.
http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/write=
rsd
esk/2001/02/02/eng-powerm-000001/eng-powerm-000001_173036_191_575891769025

WILLIAMS ANNOUNCES CONSTRUCTION OF TWO POWER GENERATION FACILITIES AND=20
EXPANSION OF A THIRD EXISTING FACILITY
A unit of Williams today announced plans to construct natural gas-fired pow=
er=20
generation plants in or near Memphis, Tenn. and Las Vegas, Nev. and to expa=
nd=20
an existing natural gas-fired power facility located in Hazleton, Penn.
http://199.97.97.163/IMDS%PMANAT0%read%/home/content/users/imds/feeds/prnew=
swi
re/2001/02/02/7Xj4o/6965-0524-OK-Williams-constrctn=01(

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DOW JONES NEWSWIRES
----------------------------------------------------------------------
Access stories online at:=20
http://199.97.97.79/IMDS|PMADJN0,PMADJN1,PMADJN2,PMADJN3,PMADJN4|index

Calif Extends Stage 3 Power Alert Through Midnight Mon

Federal Govt Resists Demands For US Utility Rate Cap

Amid Calif. Crisis, Confusion Over Orange County Payment

Oklahoma Legislature May Consider Elec Dereg Delay

InterGen Building 1,200-MW Gas-Fired Pwr Plant in Texas

PRESS RELEASE: S&P Rates Enron Corp Sr Unsec Notes BBB+

Now Comes The Hard Part For Calif: Finding The Power

Power Costs May Shift To Calif. Companies Under New Law

Enron Corp $1.25B Sr Unsec Notes Rated BBB+ By S&P <ENE

PRESS RELEASE:PPL Elec Outlook Now Stable Vs Pos:Moody's

PRESS RELEASE: Puget Sound Energy On S&P Watch-Negative

UniSource Energy Earnings -3: Year Financial Table <UNS

UniSource Energy Earnings -2: 4Q Financial Table <UNS

FPL/Bill Hike-3: To Provide Customer Refund Of $75M-$100M

FPL/Bill Hike -2: Cites Rising Oil, Natural Gas Prices

UniSource Energy 4Q Net 42c A Share Vs 20c Before Item

Calif Regulators Rethink Billing Utils For State Pwr Buys

Puget Sound Energy A- Sr Sec On S&P Watch-Negative

Puget Energy Inc BBB+ Sr Sec On S&P Watch-Neg <PSD

In California Crisis, One Down, Lots More To Go

Telecom America's Venezuela Unit Leads WLL Bid With $960K

PPL Electric Utilities Outlook Now Stable Vs Pos:Moody's

FPL's Fla. Power & Light Seeks 9% Fuel Bill Hike <FPL

Calif Water Dept Calls For New Power Bids Friday

Calpine/Targets -2: Now Has 5,000 MW Of Generation <CPN

Calpine Corp On Track To Exceed 40,000-MW Target In 2004

Calpine Corp Sets 70,000-MW Operating Goal For 2005 <CPN

Venezuela Oil Min-2:Too Early To Assess Impact Of Feb Cut

Idacorp Earnings -2: 4Q, Year Financial Table <IDA

Idacorp 4Q Net 63c A Shr Vs 49c <IDA

Facing Power Crisis, West Govs Plot Future Energy Course

RWE Declines To Comment On Report Of Cantabrico Bid

UniSource Energy, Bechtel Power In Generation Devt Pact

Cap Gemini/United Utilities -2: 12.5% Vertex Stake Taken

INTERVIEW: NZ UnitedNetworks -2: Govt Policies Hurt Pfts

INTERVIEW:NZ UnitedNetworks To Raise Equity To Fund Buys

Cap Gemini Ernst Signs Pact With United Utilities Unit

Enron Shifts Big Electricity Clients To PG&E - NYT

Indonesia Pertamina, PLN, Unocal In Geothermal Proj Talks

LA/Utils/Lawsuit -2: Officials At Utils Unaware Of Letter

LA Lawmaker Tries To Block Utils From Winning Lawsuit

Calif Water Dept To Request New Power Bids Friday

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

Pricing Developments in the Electric Utility Industry

Bridge Focus: Western Governors Go Away without Power Price Cap

California Working Out Bond Deal to Bail Out Power Companies

On24 Audio Investor Alert: Analyst: Expect Energy Shares to Move Up in 2001

NW Energy Supply Remains Precarious

Western States Plot Energy Future

Kms Power Updates Progress at Expansion 2000 And Institutes Measures to=20
Mitigate Impact of Gas Prices

Pengrowth Energy Trust Announces Acquisition of A Natural Gas PropertyStock=
=20
Symbol: Pgf.UN, TSE

Caterpillar's Engine Division Offers Solutions to Critical Energy Situation=
s

-Florida Task Force Backs Construction of Wholesale Power Plants in State

-Natural Gas Prices Not Expected to Drop Until Late Next Year, Experts Say

-Prospect of Power Plant Fuels Cicero, Ind., Residents' Angst

Kestrel Energy Extends Exercise Period for Warrants

Utility Partners Announces Planned Release of Work Resource Planning -Wrp-=
=20
Version 6

The Energy Crunch: Leaders Vow Low Power Costs

Santa Fe Energy Trust Corrects Distribution Amount

Txu Sells Interest in North Sea Natural Gas Field

Intergen Completes Debt Financing And Breaks Ground on 1200 Mw Cottonwood=
=20
Energy Project in Texas

-Natural-Gas Utilities in Florida Seek Big Rate Increase

Enn Alternative Energy Quiz

-Groups Want Slower Pace on New Power Plants in Florida

-Georgia Natural-Gas Marketer Admits to Overcharging 140,000 Customers

Top Energy Summaries - Friday, February 02, 2001 - 4:30 PM

Pacifica Completes the Sale of 49.9% Interest in Its Hydro Electric Facilit=
ies

Williams Announces Construction of Two Power Generation Facilities And=20
Expansion of A Third Existing Facility

Independent Energy Producers React to Today's Ferc Report on California Pow=
er=20
Plant Outages

New Democrat MP Introduces Bill to Regulate Soaring Energy Prices

Power Giant TransAlta Posts 67% Profit Boost Despite Huge Accounting Charge

Pseg Energy Holdings Senior Notes Rated `BBB-` by Fitch

San Joaquin to Acquire Pannonian Energy Inc. And Announces Agreement for $7=
.2=20
Million Financing

I'm Not Joining Power Dynamos, Denies Bamfuchile

California power bill passage positive development for power suppliers - S&=
P

California Serves As Bush's Scapegoat ForNew Energy Plan

Great River Energy Files Grant Application to Explore Feasibility of New=20
Power Plant

Top Energy Summaries - Friday, February 02, 2001 - 2:17 PM

Power Crisis Update

Sempra Cuts Off Mexican Generation Plant

Energy Generator Angers Stakeholders Over Effects on River

Repeats: Energy Volume And Open Interest Totals-Feb 2

Lawmakers, Governor: Delay Power Deregulation

S&Pbulletin: CA Gov's Power Bill Good for Salton Sea

General Electric Challenges Authority Of EPA

Calpine Sets 70,000-Megawatt Operating Goal for 2005

Agl Resources Issues Statement Addressing High Cost of Natural Gas And=20
Customer Service

S&P Bulletin: CA Gov's Power Bill Good for Salton Sea; Project Debt Rating:=
=20
BBB-/Watch Neg/--

Top Energy Summaries - Friday, February 02, 2001 - 12:20 PM

Southern Power & Controls Is a Key Sub Contractor in Two of Florida's Top=
=20
Construction Projects

New Law Puts California Into Power-Buying Business State Can Sell Electrici=
ty=20
to Customers of Struggling Utility Companies

New DTE Energy Rtgs Established by Fitch; Exp Mcn Rtgs Discussed

Bergen Battling N.Y. Power Plants Schuber, Mayors Say Projects Threaten Wat=
er=20
Supply

County May Raise Sewer Rates 20 Percent - $4 Increase Will Pay Rising Energ=
y=20
Costs

Fitch Rates Georgia Power CO.'S $350mm Senior Notes `A+'

Houston: Duke Energy, Williams Purchase Pipeline Project

Scottish Power Seeks to Calm Fears Over US Loss

CA Energy Bill Passed - Relief in Sight

Worst Impact of Natural Gas Prices May Not Hit Until Weather Warms Up

Ose to Focus on Energy Crisis as Head of Subcommittee

Top Energy Summaries - Friday, February 02, 2001 - 9:14 Am

Mirant Plans Power Plant in Rockdale, Ill.

OTC Coal Markets Reach Record Volumes: Evolution Markets Llc Adds Another=
=20
Expert to Coal Team

Ashland Inc. CEO to Speak at Energy Conference

Gas Users Struggling Thousands Tap Energy Assistance Program

Santa Barbara Hearing Takes Up State's Energy Crisis

Top Energy Summaries - Friday, February 02, 2001 - 7:42 Am

The Energy Crunch / Power Reform Plan Flawed, Enron CEO Says / Reform Is=20
Flawed -- Enron CEO

Davis Lobbies GOP for Power Plan / He Pushes to Revive $10 Billion Bond Aft=
er=20
Assembly Rejects Bill

Contra Costa County Report ; Pittsburg / Meeting Slated on Power Plant=20
Construction

S.F. Utility District on Agenda / Supervisors Will Consider Putting=20
Initiative on Ballot

Calif. to Begin Buying, Selling Power Step Triggers Fears of High Utility=
=20
Bills

Purchase Marks Official End of Pasco Natural Gas Pipeline

Energy Executives Defend Price Policies to U.S. Senate

Relocation in Energy Equation

German Utility Executive Leaving After Denying Talks

Us: Honeywell, Amadeus to Cooperate in Energy Related Projects

Lombard Board Decides to Test Cutting Back Its Natural Gas Tax

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

Kms Power Updates Progress at Expansion 2000 And Institutes Measures to=20
Mitigate Impact of Gas Prices

LATIN AMERICA'S ENERGY FUTURE IS IN NATURAL GAS

Power Price Cap Idea Fades Among Governors

Natural Gas Consumers Displeased by Pemex Price-Cap Conditions

-Louisville, Ky., Energy Company CEO Resigns Following Buyout by British Fi=
rm

Chubu Elec Power Plans 18 Pct Debt Cut by FY 2005

Meridian to Finance US$1.42bn for Hydro Project - Colombia

Frost & Sullivan: Large International Power Oems Moving Ahead in Adoption o=
f=20
E-Business

Encal Energy Ltd.

TXU Corp sells North Sea natural gas field stake to Consort for 138 mln stg

Six die as debt defaults spark power cuts in Russia's Far East

Scottish Power Seeks to Calm Fears Over US Loss

Europe set to clear Franco-German tie-up in energy: source

Indian Government: Railways to Look for Alternative Sources of Electric=20
Energy; Two Day Seminar on Electric Energy Management in Rail Sector Begins

Indian Government: M.N.E.S. to Send Solar Lanterns

Yellow River to Be China's Major Power Base

China Uses Solar Energy to Purify Bitter, Salty Water

Situation Critical in Ukrainian Nuclear Power Engineering.

International Power's Thai power plant operating at 99.8 pct availability

Chairman-CEO Is Leaving Lg&E Energy

BC Ministry of Environment, Lands & Parks: B.C. Takes Action to Conserve=20
Energy, Find New Sources

China's Power Consumption to Rise 5 Pct in Next 5 Yrs

US Crisis Jolts Scottish Power

Cashed-strapped Electricity of Vietnam pushes power projects

S Korean Govt Sets Power Reserve for 2001 at 11.6 Pct of Maximum Demand

Nissin Electric to Expand Production Sites in China, Taiwan

Taiwan Gov't Suggests Referendum on Nuclear Power Plant

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

-Florida Task Force Backs Construction of Wholesale Power Plants in State

-Natural Gas Prices Not Expected to Drop Until Late Next Year, Experts Say

-Devon Energy Reports Record Earnings

-Oklahoma's Economic Shortfalls May Soften Blow of a National Recession

-Louisville, Ky., Energy Company CEO Resigns Following Buyout by British Fi=
rm

-Prospect of Power Plant Fuels Cicero, Ind., Residents' Angst

-GOP Legislators in Indiana Seek Suspension of Tax on Residential Natural G=
as

-Former Parent of Florida Electric Utility Reports 12 Percent Gain in Earni=
ngs

-Natural-Gas Utilities in Florida Seek Big Rate Increase

-Groups Want Slower Pace on New Power Plants in Florida

-Georgia Natural-Gas Marketer Admits to Overcharging 140,000 Customers

Wisconsin State Commission Approves Utility's Temporary Rate Hike

Wisconsin Commission Approves Temporary Utility Rate Hike

Southeast Virginia Waste Authority Seeks to Sell Waste-to-Energy Plant

Florida Forges Ahead with Power Deregulation Despite California's Problems

Customers of Tacoma, Wash., Electric Utility Could See 50 Percent Rate Hike

Washington State Cities Benefit from Utility Tax

Panel Looks at Opening Up Florida to Out-of-State Power Companies

Utah Power Company Wants Immediate Permission to Increase Rates

Native Alaskans Look to Power of The Wind

Spokane, Wash., Conference Focuses on Harvesting Alternative Energy Sources

Gas Customers in Minnesota Likely to See Lower Heating Bills for February

Electricity Shortfall Could Hit Minnesota by End of Decade

Saint Paul Pioneer Press, Minn., Real World Economics Column

ST. Louis-Based Natural Gas Utility to Diversify to Increase Profit Growth

Ceos of Two California Utilities Saw Salary Increases After Deregulation

Survey Indicates Utility Bond Holdings Don't Put California Counties at Ris=
k

California Governor Approves Bond Money to Bail Out State Utilities

Energy Crisis Prompts National `California Bashing'

Washington State Lawmakers Seek Streamlining for New Power Plants

No Tax Windfall from Energy Crisis, Sacramento, Calif.-Area Officials Say

Low Bid Cost California Utility Giant $429 Million in One Month, Audit Find=
s

California Energy Bill Stalled by Key Questions

California Legislation Could Increase Higher-Usage Electric Rates

Virginia's Energy Deregulation Plans Remain on Schedule

Two Power Plants in West Virginia to Get Pollution Control Systems

Energy Solutions Firm Helps Revitalize Job Outlook in Rockbridge County, VA=
.

Partisan Disagreements Stall Rescue Plan for California's Two Utility Giant=
s

Northwest Power Bills Could Jump Come Fall

Wisconsin Homeowners Try to Cope with Increase in Heating Bills

Kentucky Public Service Commission Helps Utilities Cut Heating Costs

Duke Energy Temporarily Backs Off Plans for Power Plant Near Eustis, Fla.

California Wants to Settle Utility Lawsuit Over $12.7 Billion in Debt

Orange County, Calif., Expects Payment from Investment in Struggling Utilit=
y

Dream of Transparent Wholesale Market May Die with California Power Exchang=
e

New Version of Energy Bill in California Adds Protections for Customers

Houston Mayor Held Stock in Water Firm Vying for City Contract

The Boston Globe Downtown Column

Home Heating-Bill Assistance Applications Ready in Southwest Ohio

U.S., Mexico Leaders Add Energy to Agenda

South Carolina Utility Hopes to Have Nuclear Plant Online by March

Gas Bills Burn Holes in Charleston, S.C.-Area Residents' Budgets

Two Illinois Utilities Intervene in Commerce Commission Tree-Trimming Case

Independent Audit Quiets Debt Cries of Struggling California Utility

Illinois Utility Predicts Lower Natural Gas Bills in February

Meter Mistake Charges Albuquerque, N.M., Residents $7,000 on Heating Bill

New Jersey Utility's Planned Athens, N.J., Power Plant Faces More Delays

Army Corps Delays Construction of PG&E Plant in Athens, N.Y.

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

02/04/01 Bay Street Beat: Equities seek salvation in the second half

02/03/01 US western power crisis offers choice salmon or smog

02/03/01 US West's power crisis offers choice: salmon or smog

02/03/01 Power cuts in Accra as Ghana refurbishes generator

02/03/01 Iberdrola shareholder BBK shuns power merger-paper

*********************************************************
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=
,=20
or download it to your computer for later viewing-- Free!

New! Five additional RealVideo-based powerpoint-based presentations, with t=
he=20
accompanying audio. Running about 30 minutes each, the new selections inclu=
de:

ELECTRONIC TRADING. Power is following natural gas to become an=20
electronically-traded commodity. The products, the technology and the futur=
e=20
of electricity transactions. Kevin Sluder, Vice President, HoustonStreet=20
Exchange.

NUTS AND BOLTS OF RETAILING. What it takes to put an energy retailing=20
operation together-- the cash and credit requirements, back office,=20
information technology, staffing, marketing, sales and organizational=20
considerations. Andrew Serri, Vice President, AmerenEnergy Marketing.

RETAIL: WHAT WENT WRONG, HOW TO FIX IT. Retail electric deregulation has th=
us=20
far been an underwhelming success, but a great deal has been learned, and i=
t=20
is eminently fixable. By Dr. John O'Brien, Principal, Skipping Stone

MANAGING BILLING. The complex requirements for managing billing and=20
commodities in the deregulating energy industry cannot be met with current=
=20
CIS and CRM technology. Energy Retailers must embrace the next evolution of=
=20
energy customer management (ECM) solutions. Paul Grey, Chief Technology=20
Officer, Peace Software.

THE INTERNET AND THE VELOCITY FACTOR. Greater price transparency, faster=20
execution, reduced transaction costs, increased number and frequency of=20
transactions and increased specialization are just some of the changes to=
=20
energy markets wrought by the web, and it's just beginning. Implecations of=
=20
the internet for energy markets. E. Russell "Rusty" Braziel, Chairman and=
=20
Director, Altra Energy Technologies.

Access all online presentations at: http://www.pmaconference.com

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THE PowerMarketers.com JobSite:
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