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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 ************************************************************************ "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 ************************************************************************ --------------------T O P S T O R I E S-------------------- Top Stories (February 6) CALIFORNIA BILL FOR POWER LINES TO BE INTRODUCED TUESDAY California state Senate President John Burton plans to introduce a bill Tuesday at 2 p.m. EST for the state to purchase the transmission assets of Edison International Southern California Edison and PG&E Corp unit Pacific Gas and Electric Co., a spokesman for Burton said. http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/ 02/06/eng-djn/eng-djn_000042_127_452061059885 CALIFORNIA-ISO APPEALS TO GENERATORS TO CONTINUE SELLING WEDNESDAY Fearing statewide rolling blackouts Wednesday, the California Independent System Operator sent about 140 letters to generators asking that they continue selling supplies into the state, despite the possibility they may not be paid. http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/ 02/06/eng-djn/eng-djn_002024_142_475460616406 MUNICIPAL UTILITIES LOBBY CONGRESS, SEEK POWER PRICE CAPS The American Public Power Association is holding its annual legislative meeting in Washington this week, and executives from municipally owned utilities in the Pacific Northwest are visiting congressional offices clamoring for cost-based price caps on wholesale power throughout the Western U.S. http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/ 02/06/eng-djn/eng-djn_180145_122_366353869438 US SENATOR REID SPONSORS RENEWABLE ENERGY INCENTIVES BILL U.S. Sen. Harry Reid, D-Nev, introduced legislation Tuesday to expand the federal tax credits available for renewable energy production. http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/ 02/06/eng-djn/eng-djn_184031_17_102945081424 IOWA GOVERNOR SIGNS $100 MLN TAX CUT AIMED AT HEATING BILLS Iowans sweating over how they're going to pay soaring heating bills this winter will be getting a little relief from the state. http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/ 02/06/eng-djn/eng-djn_152130_72_8055199468508 ---------------------------------------------------------------------- DOW JONES NEWSWIRES ---------------------------------------------------------------------- Access stories online at: http://199.97.97.79/IMDS|PMADJN0,PMADJN1,PMADJN2,PMADJN3,PMADJN4|index Stand-Alone Utility Holding Co Act Repeal Seen Unlikely Solution To Calif Power Crisis Still Elusive - S&P Australia's United Energy Final Div 9C/Shr Vs 9.5C/Shr Australia's United Energy FY Net A$129.2M US Sen Reid Sponsors Renewable Energy Incentives Bill Vivendi Universal Begins Swap Offer For Equity Sec Units MUNI WATCH: Crisis To Revive National Demand For Calif. Municipal Utilities Lobby Congress, Seek Power Price Caps Spain's CNMV/Cantabrico -2: Only 2 Offers Approved <E.HIC RWE/Cantabrico -2: To Sell Shrs, Support Takeover <E.HIC Spain's CNMV Approves EDP-Cajastur Bid For Cantabrico RWE's Cantabrico Acceptances Are From Small Holders<E.HIC RWE Has Acceptances For 10% Of Cantabrico Shrs <E.HIC RWE Outbids EDP For Spain's Cantabrico, But Winner Unclear Calif Bill To Buy Utils' Pwr Lines Seen Announced Tue PM CNMV Lifts Cantabrico Shr Suspension After Bids Announced Electrabel Won't Bid On Hidroelectrica For The Moment Iowa Gov Signs $100 Mln Tax Cut Aimed At Heating Bills REPEAT&CORRECT: 85% Of Williams Network In Operation Orion Power Earnings -3: Street 2001 Net View $1.15/Shr Orion Power Earnings -2: 4Q, Year Financial Table <ORN Orion Power Hldgs 4Q Net 13c/Diluted Shr Vs 13c <ORN Calpine Corp Earnings -3: Yr Fincl Table, Comment Orion Power Hldgs Sees 1Q Net 14c/Diluted Shr <ORN Calpine Corp Earnings -2: 4Q Fincl Table, Comment <CPN Calpine Corp. Completes Several Purchases In 2000 <CPN Calpine Corp. 4Q EBITDA $263.1M Vs $110.6M <CPN Calpine Corp. 4Q Revenue $1B Vs $247.5M <CPN Calpine Corp. 4Q Net 34c A Share Vs 12c <CPN Timeline: Fight For Control Of Spain's Cantabrico <E.HIC Cantabrico/Ferroatlantica -4:60% Condition Skirts EDP Bid Cantabrico/Ferroatlantica -3: EnBW To Take Stake <E.HIC Cantabrico/Ferroatlantica -2: Met Tue Bid Deadline <E.HIC Ferroatlantica's Raised Bid Is For 100% Of Cantabrico Ferroatlantica Raises Cantabrico Bid To EUR25.80 Per Shr Cantabrico Shrs Suspended From Trade - CNMV <E.HIC Cap Gemini Ernst & Young In Global Alliance With IFS Strong Snowstorm Hits Northeastern US Cal-ISO/Appeal -2: Generators Owed More Than $1B Cal-ISO Appeals To Generators To Continue Selling Wed Calif Bill/Lines -2: State Could Float $7.5B In Bonds-Grp Calif Bill For Power Lines Purchase To Be Introduced Tue 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 President Bush Nominates Carolyn Huntoon to Be Acting Secretary of Energy Empiric Energy, Inc. Reports Significant Production from Recent Well Completion! GOP Senators to Pitch Energy Bill Opc's Petition for Emergency Moratorium on Winter Utility Disconnections Is Granted by The PSCLimited Income Consumers Provided Some Relief During The Cold Calif Reaches Agreement on Power Contracts U.S. Energy Prices to Remain Firm Leavitt Ignores Demos on Energy New Jersey Natural Gas Offers Free Energy Savings Programs Sdg&E's Power Buying Shifts to Department of Water Resources; Agreement Provides Customers with Immediate Access to State Power Purchases Williams Announces Power Agreement with Allegheny Electric Cooperative Fitch Rates Jea Electric System Bonds 'Aa+' Business Editors & Analysts Nuclear Regulatory Commission Public Workshop to Discuss Nuclear Power Reactor Steam Generator Tube Issues Lights Out: Cheap Energy Deregulated Or Not, Electricity Rates Likely to Rise Confronting Energy Gridlock State Approaching Free-Market Power with An Eye on West Coast Chaos Midcoast Energy Resources Inc. Declares $.07 Per Share Quarterly Dividend The Ohio Consumers' Counsel Files Complaints Against Natural Gas Suppliers Participating in Ohio's Choice Programs Power Plants Thirst for Gas New Generators' Demand to Outstrip Pipeline Capacity Siemens Solar Comes to Los Angeles; New Siemens' Facility in Chatsworth Jump-Starts Ladwp Program That Reduces Cost of Solar Power Systems As Demand for Electricity Grows Fed: Natural Gas Prices Not Hurting West Intel Exec: Power Consumption Is Biggest Issue Repeats: Energy Volume And Open Interest Totals-Feb 6 Merrill Lowers Consul Energy to I-T Accum, $35 Goal (Cnx) Peco Energy Continues to Restore Electric Power After Winter Storm Brings Down Poles & Wires Throughout Region Designation May Save Power Plant Energy Update/Los Angeles Department of Water And Power Daily Energy Update for Tuesday, Feb. 6, 2001 State Could Face Natural-Gas Bottleneck Two Energy Issues Start Trading Getting Energy From Mexico Fitch Upgrades Northeast Utilities And Utility Subsidiaries Kansas City Power & Light Company Declares Dividends Close Call on Power for Region Altagas Services Inc - Expands Natural Gas Processing Capability Stuart Energy's Fuel Appliance Receives CSA Approval Cogdill Calls for More Power Supply 3 Cities Consider Alliance for Power Business And Technology Expert Joins L90, As Focus Continues on the Future Development of Revenue-Generating ProfitoolsL90 Lands Former Avenue A Founder R. Michael Leo Who Will Oversee Growth, Strategic Development of Next-Generation Admonitor Technology Rising Energy Costs Hurting Poor Energy Prices Snapshot In Pa., Deregulation Is Watts Up California Power Woes Haven't Affected State's Electric Choice. But Some Worry About Future. PSE Challenges Price-Cap Pleas: Boeing, Equilon, Other Power Users Asking Rate Relief Face $100m Suit Ethylene Glycol Hit by Energy Costs Foxboro to Provide I/A Series Scada System for Idaho's Largest Municipal Electric Utility Shiningbank Energy Income Fund - Closing of Equity Financing Crispin Energy Inc - Completes Gas Well And Updates 2001 Budget Emera Inc: Pengrowth Energy Trust - Emera Inc. And Pengrowth Offer to Purchase Assets of Nsrl Southwestern Energy Announces Relocation of Corporate Headquarters to HoustonUtility Business Headquarters to Remain in Fayetteville; Corporate Headquarters Move Underscores Exploration And Production Focus; Richard Lane Appointed to Head E&P Operations Bush on Blitz to Sell Tax Cut / It Could Pay Energy Bills for Californians, He Says State Arranges to Buy Power for Utilities / Deadline / Federal Energy Support Ends Tonight Contra Costa County Report ; Meeting on Emissions from Power Plants 'Peaker' Power Plant Supported for Spot Near S.F. Airport / Gas- Fired Generator to Operate During Summer Schools Pay More for Power This Winter Some Districts Say They May Have to Cut Programs to Pay for Heat, Light Southwestern Energy Announces Relocation of Corporate Headquarters to Houston Pengrowth Energy Trust Acquiring Share of Sable Island Gas Reserves in $265 Million Transaction Williams Energy Partners L.P. Shares Begin Trading on NYSE Tom Kuhn, President of Edison Electric Institute Advisory/Solar Power to the People Power Cut-Off Creates Ghost Town Power Players Natural Gas under Fire: Usage Will Tax System, Study Says California State Senate Approves Bill to Buy Power Davis Seizes Energy Deals: $1 Billion Price Tag Put on Governor's Actions Util-Link And Omnimetrix Join Forces to Provide Wireless Electric Meter Systems Electric City And Harza Energy Form Strategic AllianceAlliance to Focus on The Combination of Energy Savings Technologies And Distributed Generation Brings Enhanced Solutions to The Energy Crisis - Matching Megawatts with "Negawatts" Cambridge Energy Research Associates Discovers Vignette E-Business Applications for Web Site Enhancement Two Electric Companies Looking Into Merger Possibilities Circumpacific Energy Corp - Farm-in Agreement with Drillsearch Energy Electric City And Harza Energy Form Strategic Alliance ---------------------------------------------------------------------- I N T E R N A T I O N A L ---------------------------------------------------------------------- Access stories online at: http://www.powermarketers.com/pma-intr.htm Russian Coal Mining Companies Exported 35,5 Million Tons of Coal in 2000, Which Is 42% More Than in 1999. Repsol-Ypf to Produce Natural Gas in Venezuela, Sell It to Pdvsa Top Energy Summaries - Tuesday, February 06, 2001 - 5:07 PM US$140 Mln Power Plant Project Cleared for Palawan, Philippines Tohoku Natural Gas to Provide Gas to Sendai Top Energy Summaries - Tuesday, February 06, 2001 - 2:28 PM Putin Fires Power Chief Over Cuts Changing the Climate of Power Charges in Ulster Armenia agrees pact on energy debts with Russia Top Energy Summaries - Tuesday, February 06, 2001 - 12:34 PM Foreign Investment in the Indian Power Sector US Oxo Alcohols Market Plagued by Oversupply, Feedstock, Energy Aussies Show Off Their Solar Ferryboat / Zero-Pollution Run Suggested for Alcatraz Enron's Indian unit Dabhol Power invokes guarantee for outstanding bills Rio De Janeiro Starts Wind Mapping - Brazil Dynamotive Technologies Corp - Engineering Partnership to Develop Commercial Biooil Energy Projects Chile: CGE Centers Power Transmission Business on Transnet Brazil : Increases Competition for Electric Power Sale Top Energy Summaries - Tuesday, February 06, 2001 - 9:37 Am Data Systems & Solutions to Strengthen Transmission Control Functions at Two Scottish Power Substations Chinese Joint Venture Announced by the Electric Transportation Company REPSOL-YPF TO PRODUCE NATURAL GAS IN VENEZUELA, SELL IT TO PDVSA Partnership between Mirant And Keppel Fels Energy Dropped Indian Government: N.T.P.C.'S Achievements Commended by Minister of State for Power Orbis Online Signs Letter of Intent with Leading Chinese Energy Provider Korean Ministry Plans to Open Electric Power Exchange in April Russian Press on Munich Forum, Energy Crisis, Debts, Israel. ---------------------------------------------------------------------- KRT DAILY ENERGY NEWS ---------------------------------------------------------------------- Access stories online at http://www.powermarketers.com/pma-krt.htm West Virginia Utilities Show Great Variances in Rate Stability Wisconsin Judge Tosses Utility Lawsuit to State Court Vancouver, Wash., Businesses Suffer Impact of High Utility Prices Vancouver, Wash.-Area Residents Struggle with High Utility Bills Power Supply Sufficient for Washington State, Officials Say Low Snowfall Portends Possible Summer Water Crisis for California California Utilities Stop Charitable Giving California Utilities Suffer Through Self-Wrought Energy Shortage Power-Generating Companies Lead Industries in Return to Investors in 2000 California Governor to Unveil Extended Electricity Contracts Energy Bill Likely First of Many Measures Needed to Calm California Crisis California Governor Seizes Low-Cost Energy Contracts Put Up for Auction California Governor Enlists Mcdonald's to Get Out Conservation Message Northwest Power Generators, Farmers to Work Together to Conserve Water Northwest Officials Reconsider Abandoned Nuclear-Plant Proposals U.S. Energy Officials Give Western Governors the Cold Shoulder Portland, Ore., Utility Clearinghouse Benefits from California Energy Crisis Oregon Power Authority Puts Energy Needs above Salmon Conservation Demonstrators Protest High Energy Bills at Philadelphia Utility Monroeville, Pa.-Based Energy Company Stresses Need for More Nuclear Power Tulsa, Okla.-Based Energy Firm Reports Increase in Income Profits Escape Owner of Orange County, Calif., Electricity Generators The Orange County Register, Calif., Jonathan Lansner Column California Power Crisis Creates Losses for Some Out-of-State Energy Firms Swarm of Pennsylvania Customers Could Halve Earnings of New Jersey Utility California Power Crisis Puts Spotlight on Technology Inefficient Homes, Appliances Contribute to Expensive Energy Bills Arkansas' Largest Energy Consumers Propose Ways to Cut Power Costs Energy Issues Take Center State in Policy Strategies Renewable Electricity Company Boasts of Success in Pennsylvania Market New England Power-Grid Operator Says Customers May Suffer Outages in 2003 Blackouts Highlight California Policy Flaws Massachusetts Researchers Develop Uranium Fuel for Nuclear Power Plant Scottishpower's Third-Quarter Results Meet Expectations Dallas-Based Utility Txu Seeks to Raise Electric Rates, Add Surcharge Power Supply Issue Could Threaten Many Regions, Duke Energy Chief Says --Head of Georgia Natural-Gas Marketer Resigns -Florida's Utility Customers May Pay Even Higher Rates in Spring ---------------------------------------------------------------------- REUTERS ---------------------------------------------------------------------- Access stories online at: http://207.32.82.57/news/ElectricPower.html High winds cut power to 8,000 in Ireland Manila to study revamp of bill on power reforms Portugal EDP to stick by Cantabrico bid-source Investors seek yield reward on Calif. utility bonds EIA trims estimate of US natgas demand in Q1 Wisconsin energy says earnings rose U.S. Energy Dept to let California power order expire Calif. reaches agreement on long-term power contracts UPDATE 2-Enron says invokes Indian fed govt guarantee Ameren fourth quarter profit below estimates S&P affirms Endesa S.A., Iberdrola S.A. ratings Canada spot natgas rises with colder western weather WRAPUP 4-Failed Spanish utility deal sparks new fight Kansas City Power sees 2001 profits below forecasts Saudi minister sees competitive power in 10 years Enron says invokes Indian federal govt guarantee S&P rates AES $600 mln snr unsecured notes Brazil to adjust Furnas books for 2001 privatization U.S. Northeast digs out from heavy snow TABLE - Calpine Q4 net rises NYMEX ups western electricity futures margins Moody's affirms Iberdrola International Orion earnings rise, top forecasts Two Brazil power firms to join assets, stocks rally EIA says electricity demand to rise in Q1 2001 Moody's maintains Endesa Aa3 rating Techs lift eurostocks pre-Cisco, power firms add spark INTERVIEW-Oslo Energi aims to form multi-utility giant INTERVIEW-U.S. Cargill joins German LPX power exchange Siemens opens plant in Los Angeles to make solar power systems ********************************************************* 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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