PowerMarketers.com Daily Power Report for 11 December 2000 ,
 Attention POWER REPORT Readers: Go to 
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--------------------T O P S T O R I E S--------------------

Top Stories (December 8)

CALIFORNIA GOVERNOR 'OUTRAGED' OVER CALIFORNIA-ISO, FERC $250 POWER CAP
California Gov. Gray Davis said late Friday he will work with state lawmakers 
to swiftly draft legislation to dismantle the state's grid operator after the 
non-profit agency secretly petitioned federal regulators to lift a $250 
megawatt-hour wholesale power price cap.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2000/
12/10/eng-djn/eng-djn_034219_96_4701064769179

CALIFORNIA'S ELECTRIC UTILITIES FACE FINANCIAL STRUGGLES
A poorly designed market to deregulate the electricity industry in California 
has pushed the state's major utilities to the brink of a financial disaster, 
industry observers say.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2000/
12/08/eng-djn/eng-djn_230022_142_16630528681

ENTERGY ALLOWED TO BID ON VERMONT YANKEE NUCLEAR PLANT
Vermont utility regulators said Friday they will allow Entergy Nuclear LLC to 
submit a bid for the Vermont Yankee nuclear plant, creating the possibility 
of an open auction for the plant.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2000/
12/08/eng-djn/eng-djn_232022_173_171349212062

RELIANT ENERGY ASKS PERMISSION TO BECOME RETAIL ELECTRIC PROVIDER
Reliant Energy has asked Texas regulators for permission to be a retail 
electric provider when the state's electricity market is opened for 
competition.
http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri
dder/2000/12/09/krtbn/0000-0218-HO-ENERGY

-ALLEGHENY EXPANDS GROWING GENERATION PORTFOLIO WITH SOLAR ENERGY - 
ISSUEALERT FOR DECEMBER 8, 2000
Allegheny Energy Solutions, an unregulated subsidiary of Allegheny Energy, 
Inc., has added Siemens Solar Industries, L.P., to its growing portfolio of 
suppliers for distributed generation products.
http://199.97.97.163/IMDS%PMANAT0%read%/home/content/users/imds/feeds/writersd
esk/2000/12/08/eng-powerm-000001/eng-powerm-000001_112836_92_2956308838911

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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

Entergy Allowed To Bid On Vermont Yankee Nuclear Plant

Amid Power Crunch, Calif. Cos Reducing Electricity Use

California's/Utilities -3: Market Meltdown

California's/Utilities -2: Can't Pass Costs To Consumers

California's Electric Utilities Face Financial Struggles

BC Hydro:Still Selling Pwr To Calif,Despite Credit Fears

Con Edison Power Interruption Caused By 345-kV Line

PRESS RELEASE: Duquesne Light On Moody's Review-Uncertain

US DOE Closely Monitoring Calif Pwr Woes; Secy Concerned

Cuba/Direct Phone Lines With US -2: Not The First Time

Dominion Eyeing Purchase Of Vermont Yankee Nuclear Plant

CALIFORNIA POWER ALERT: Crisis Not Averted

Czech Min: Buyers Of Energy Cos Revealed By End '01 -CTK

Calif ISO Calls Off Stage 3 Pwr Emergency At 7:30 PM PST

E.On Says Decision On Veag Buyer "Totally Open"

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

Mitchell Energy to Expand Plant Again Production in Northern Tarrant And Wise 
And Denton Counties Is Growing Rapidly.

California's Power Woes Could Hit Texas Deregulation of Electricity And 
Rising Gas Prices Are Pinching Californians.

Ferc Asked to Help with California Energy Crunch

Federal Agencies Gear Up Hydro System to Meet Demand

Southern California Utility Set for $331 Million Refunding

Puget Sound Energy Files for An Adjustment on Natural-Gas Bills to Recover 
Higher Wholesale Gas Costs

Calif. Restarts Dirty Power Plants

-San Antonio Congressman Seeks Solutions to Energy Problems

-Prot,g, of New Home Depot CEO Called a Natural for GE Power Seat

Power to Stay Strong Despite Frigid Blast

Duke Energy Honored for Massachusetts Wetlands Restoration Program Leadership

On-site Power Surge

Tdc Energy Corporation Announces Management Changes

-Cap Gemini Ernst & Young Offers Utilities a "MarketEdge" With Openings of 
High-Performance CRM Design & Delivery Centers

Southern Energy Inc. Developing Three Power Plant Projects Totaling 1,870 
Megawatts Capacity

Natural Gas Prices Hit All-Time High Levels Yankee, Cng Customers Already 
Facing Increases of Up to 28% for Year

Cheap Natural Gas for East Coast Consumers Becomes a Fading Dream

US Government Orders General Electric to Clean River Hudson

Washington May Be in Tight Spot Next Week Power Drain: Expected Cold Snap 
Could Overtax Northwest System, with No Help in Sight

Avista Files for Natural Gas Price Adjustments in Washington And Idaho

Electric Energy Deregulation: Challenges for the Next Administration And 
Engineering Industries

Top Energy Summaries - Friday, December 08, 2000 - 2:27 PM

Repeats: Energy Volume And Open Interest Totals-DEC 8

Power Station Shut Down

Enmax Energy Customer Billing under Way in Red Deer

N.Y. Power Authority Sells $300 Million in Bonds December 8, 2000

Energy Conservation Fee

Open-CIS Is Selected by Wps Resources Corporation for New Customer-Care 
PlatformOpen-C Solutions Signs Agreement with Wisconsin-Based Electric And 
Gas Utility

Duke Energy CO Corp - Honored for Massachusetts Wetlands Restoration Program 
Leadership

Morgan Stanley Starts General Electric at Strong Buy/$70 Goal (Ge)

Stage 2 Electrical Emergency Still in Effect

Energy Ventures Inc - Enters Into Relationship with Tdm Llc - to Develop 
Low-Cost Graphite Flow Plates

Top Energy Summaries - Friday, December 08, 2000 - 12:24 PM

Patriot Extension Open Season Begins December 12: New Duke Energy Pipeline to 
Serve Parts of Virginia And North Carolina

-Allegheny Expands Growing Generation Portfolio with Solar Energy - 
IssueAlert for December 8, 2000

Ohio Consumers' Counsel Files Lawsuit Against Natural Gas Supplier

Piedmont Natural Gas Reports 2000 Fiscal Year Operating Results

Gas Liquids Supply to Be Pinched by High Natural Gas Prices; Propane & Other 
Feedstock Prices Soar

Council Stands by Reliant Contract ; Electric Rate Hike to Back Buyout 
Rejected

Fbr Initiates Coverage of Devx Energy; Buy Rating And 12-Month Price Target 
of $11 Per Share

Power Officials' High-Wire Act / Rapid Shifts of Juice Keep State Plugged in

Highest Energy Alert / Stage 3 Emergency Rolling Blackouts Narrowly Averted 
by Shutting Down Huge Pumps / Crunch Likely to Worsen / Danger of System 
Failure to Increase -- Cold Weather Fore

-American Electric Power (AEP) Signs Contract with Peace Software

-ISO Tariff Burdens Small Market Participants, Fosters Price Volatility, 
MMWEC Says

-EPRI Addresses Electricity Demands of Digital Economy

-NERC Appoints Ellen P. Vancko Director, Media Relations and Government 
Affairs

Prize Energy Announces the Launch of New Website

Mitchell Energy Takes Advantage of High Natural Gas Prices

Teck Corp - Subsidiary Cominco Signs Power Swap Agreement for US$86m

Top Energy Summaries - Friday, December 08, 2000 - 9:08 Am

Calif. Taps Power from Huge Pumps

Top Energy Summaries - Friday, December 08, 2000 - 7:39 Am

Niles Panel Oks Sale of Land to Indeck Only 1 Member Votes Against Power Plant

Petroglyph Energy, Inc. Sets Date for Stockholders' Meeting

Ppl Corp. Hoping to Build Power Plant in Washington

Utah Could Face Power Emergency

Energy Ventures Inc - Forms R&D Collaboration for Fuel Cell Program

Cominco Ltd - Signs Power Swap Agreement

National Firm Enters State Gas Market Enron-Backed New Power Seeks Major 
Georgia Role

Leading the Charge Barnes Wants GE Power Systems in Metro Atlanta Atlanta 
Real Estate

Investments in Fuel-Energy Complex Should Be 20 Bln Dlrs.

Rudy Backs New Power Plants

Mass. Electric Rates May Rise 10% to 15%

Geothermal System

Ice Improves Industrial Utility Rates

Power Play

SAN Antonio: Iogcc Urges Federal Leaders to Adopt National Energy Policy

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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

Petroleum Official Warns Natural Gas Prices 'Out of Hand': Fears May Prompt 
Quick Fixes That May Hurt Industry

Energy Industry to Tap Gas

Top Energy Summaries - Friday, December 08, 2000 - 5:17 PM

Hong Kong-Based Clp Power Buys 70 Pct Stake in Powergen India

Pyramid Energy Inc - Pakistan Gas Production on Line

Brazil: Three Thermal Electric Power Facilities to Be Constructed

Cambodia to Receive US$18.6 Mln Adb Loan for Power Scheme

Kuchma Thanks US for Aid to Solution of Energy Problems.

Virgin Energy Launches First Dm Campaign

Russia to Build New Nuclear Power Plant in Smolensk Region.

Sasol, Government Sign Agreement for Transmission of Natural Gas from 
Mozambique

Romanian Cabinet Approves Non-Refundable Energy Aid to Moldova

Shell Renewables, Siemens Solar in talks to extend solar energy cooperation

Philippines Government Halts Sale of Power Plants

Offshore Wind Farm Opens

Health-Pak Inc. Delaware Completes Acquisition of Life Energy Technology & 
Holdings Ltd.

Adb Approves US$140 Mln Loan for Power Plant in Bangladesh

Tanzania Seeks Power from Southern African Grid

Russia: Putin's Envoy Intervenes Over Power Cuts to Region's Transmitters

China: Former Zhejiang Power Plant Head Sentenced to 11 Years Jail for Bribery

Malaysia in talks to build hydro-electric dam in Sudan

Emerald Energy says Colombia well hitting 4,300 bopd

SMB United mergers switchgear units into SMB Electric

Former Power Plant Head Sentenced for Bribery

China's Largest Wind-Power Generator to Blow Into Xinjiang

Winds of Change Blow Into Electricity Industry

Ebrd Clears N-power Loan for Ukraine

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

-San Antonio Congressman Seeks Solutions to Energy Problems

-Indiana Gas Utilities Get OK to Hike Rates for One Month

-Oklahoma Sees Ethanol Production as Bright Possibility for Future

-Prot,g, of New Home Depot CEO Called a Natural for GE Power Seat

Raleigh, N.C.-Based Utility Saves Millions on Quick Buyout of Florida Utility

Lakewood, Wash., City Council Votes to Reinstate Utility Tax

Low Northwest Temperatures Could Bring Power Blackouts Next Week

Washington State Homeowners to See Benefits of Off-Peak Power First-Hand

ST. Paul, Minn., Mayor'S Proposes Rebate Plan for Taxpayers

California Energy Officials Ask Residents to Curb Holiday Lights Usage

Cold Weather Worsens California'S Energy Crisis

California Electrical Reserves Dip Below 1 Percent, Blackouts Ensue

California Makes Surprise Inspections of Power Plants Shut for Repairs

California Governor Faces Challenge in Handling State'S Energy Crisis

California Power Alert Darkens Season: Delay Yule Lights, Public Urged

Cold Weather Heats Up Worries About Northwest Electric Utilities

Pittsburgh-Area Electric Utility Weighs Breakup, Sale

New Jersey Supreme Court Allows Utility Giant Refinance Its Debt

Conservation Groups Cite Energy Deregulation Fears for New Jersey

Nuclear Reactors Await New Life

Idaho Officials Ponder Next Move in Battle Over Utility Regulation

Houston-Based Utility Asks Texas to Be Retail Electric Seller

New Jersey's Largest Utility to Cut Electric Bills by 2 Percent Next Year

Natural Gas Woes Won't Hit Michigan Homeowners

Duke Energy'S New Head of Ethics, Diversity Gives Focus to Program

GE'S Schenectady, N.Y., Power Unit Appoints Top Executive As New CEO

Akron Beacon Journal, Ohio, Consumer Column

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

12/10/00 Conectiv seeks buyer, interest seen muted - sources

12/10/00 Power workers threaten India with new strike

12/09/00 Calif. governor slams move to ease power price cap

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