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  [IMAGE] [IMAGE] [IMAGE]     Wednesday, January 23, 2002  Home  - Email Pr=
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nergy Solutions Plus, Inc.    [IMAGE]   [IMAGE]   TALK TO US    [IMAGE] [IM=
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GE]   ELECTRIC POWER NEWS - TOP STORIES    [IMAGE] [IMAGE] [IMAGE] Energy C=
entral's editors have selected these as the top stories of the day:    Domi=
nion Virginia Power Still Aims to Transfer Power Plants  By Greg Edwards, R=
ichmond Times-Dispatch, Va., Jan. 22 N. Korea says facing serious electrici=
ty shortage  SEOUL, Jan 22 (Reuters) No Ruling in Alleged Enron Shredding  =
 By KRISTEN HAYS Associated Press Writer, HOUSTON, Jan 22, 2002 (AP Online =
via COMTEX) -- Russian electricity monopoly's management recommends spinnin=
g off high-voltage grid  MOSCOW, Jan 22, 2002 (AP WorldStream via COMTEX) -=
-  Utility Consumer Advocate Seeks Fine against Florida Power over Complain=
ts  By Steve Huettel, St. Petersburg Times, Fla., Jan. 22   [IMAGE]   [IMAG=
E]   ELECTRIC POWER NEWS - MOST REQUESTED    [IMAGE] [IMAGE] [IMAGE] These =
stories have been most requested by Energy Central members in the last two =
weeks.    Ex-Enron Execs Launch Own Firm      By BILL BERGSTROM AP Business=
 Writer, PHILADELPHIA, Jan 14, 2002 (AP Online via COMTEX) --  PJM, Midwest=
 ISO may form vast US electricity market     WASHINGTON, Jan 9 (Reuters)  C=
ourt overturns approval of AEP, Central SW merger     By Julie Vorman, WASH=
INGTON, Jan 18 (Reuters)  Virginia Prepares for Deregulation of Electricity=
 Market     By Greg Edwards, Richmond Times-Dispatch, Va., Jan. 12  Report =
Lists Snags in Texas Electric Deregulation     By R.A. Dyer, Fort Worth Sta=
r-Telegram, Texas, Jan. 11   [IMAGE]   [IMAGE]   GAS INDUSTRY NEWS - TOP ST=
ORIES    [IMAGE] [IMAGE] [IMAGE] Energy Central's editors have selected the=
se as the top stories of the day:    Iran formally begins gas exports to Tu=
rkey through new pipeline   ISTANBUL, Turkey, Jan 22, 2002 (AP WorldStream =
via COMTEX) -- Norway's PGS sells unit to Sinochem for $215 mln  OSLO, Jan =
22 (Reuters) - Offshore Contractor GlobalSantaFe Remains Optimistic about G=
ulf of Mexico  By Nelson Antosh, Houston Chronicle, Jan. 22 US seeks indust=
ry interest in Alaska natgas drilling  WASHINGTON, Jan 22 (Reuters)   [IMAG=
E]   [IMAGE]      [IMAGE]   OPEC Trial [IMAGE]  [IMAGE]  IN THIS ISSUE     =
[IMAGE]    [IMAGE] [IMAGE]   Daily Edition for paul.d.thomas@enron.com  [IM=
AGE] Welcome to Energy Central Professional Dispatch, your new expanded and=
  exclusive e-mail news service.  In addition to the Dispatch a new subscri=
ber  only Web site (http://pro.energycentral.com)  has been established.  A=
s a  current subscriber or trial user you may simply use the site menu to t=
he  left to access additional valuable information and resources.  Should y=
ou  have any questions please e-mail mark@energycentral.com.   [IMAGE]     =
Electric Power News  Restructuring Today   RER's eMetrix Load Forecast: CAL=
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ed  Gas Industry News - Top Stories           Selected Content Not In This =
Issue   Utility Spotlight - Every Monday Utility Stock Price - Top Gainers =
- Each Tuesday    [IMAGE]   [IMAGE]      [IMAGE]  ELECTRIC POWER NEWS     [=
IMAGE]    [IMAGE] [IMAGE] [IMAGE] [IMAGE] Selected 70 of 70  Articles Today=
!      THESE ARTICLES BROUGHT TO YOU BY     ITRON OFFERS WEB-BASED, WIRELES=
S WORKFORCE MANAGEMENT SOLUTION.  Service-Link, developed by eMobile Data a=
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operations to the  next level. Service-Link is a low-cost, fully integrated=
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intensive manual processing of work orders. To know more,  start here: http=
://www.itron.com .   [IMAGE]  [IMAGE]    Why are Microsoft, IBM, HP, Oracle=
 and Sun so focused on incorporating  "Web services" into their products? H=
ere's what one energy executive  says: "We've been benefiting from Excelerg=
y's Web-based XML services  since we implemented their products two years a=
go, and they've always  been on the leading edge in terms of technology inn=
ovation, so their  leadership in Web services is no surprise...Our key proc=
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d."  Want to learn more about how Excelergy's products can automate your  b=
illing, trading and other vital processes - saving your business time  and =
money? Contact jay.obrien@excelergy.com or 781-372-5003. http://www.exceler=
gy.com         Top Stories     Dominion Virginia Power Still Aims to Transf=
er Power Plants   By Greg Edwards, Richmond Times-Dispatch, Va., Jan. 22 Do=
minion Virginia Power has taken the first step toward appealing the State C=
orporation Commission's denial of the utility's request to rid itself of it=
s power plants.  [IMAGE]   No Ruling in Alleged Enron Shredding    By KRIST=
EN HAYS Associated Press Writer, HOUSTON, Jan 22, 2002 (AP Online via COMTE=
X) -- A judge prodded parties in a lawsuit against Enron Corp. on Tuesday t=
o work out a plan to halt the destruction of documents.  [IMAGE]   Utility =
Consumer Advocate Seeks Fine against Florida Power over Complaints   By Ste=
ve Huettel, St. Petersburg Times, Fla., Jan. 22 Citing increased customer c=
omplaints during Florida Power's first year of out-of-state ownership, the =
state's utility consumer advocate said Monday he will ask regulators to fin=
e the utility $7.5-million.  [IMAGE]   N. Korea says facing serious electri=
city shortage   SEOUL, Jan 22 (Reuters) North Korea said on Tuesday it was =
suffering from a worsening electricity shortage due to years of natural dis=
asters and the failure of the United States to implement a $4.6 billion nuc=
lear reactor project.  [IMAGE]   Russian electricity monopoly's management =
recommends spinning off high-voltage grid   MOSCOW, Jan 22, 2002 (AP WorldS=
tream via COMTEX) --  The management of Russia's electricity monopoly Unifi=
ed Energy Systems said Tuesday that it had recommended establishment of an =
independent grid company into which UES will spin off the national high-vol=
tage grid, part of an ambitious reform plan aimed at attracting private inv=
estment.       National Energy Policy     Bush Promotes Energy Plan, Jobs  =
 By SCOTT LINDLAW Associated Press Writer, BELLE, W.Va., Jan 22, 2002 (AP O=
nline via COMTEX) -- Touring coal country, President Bush said Tuesday that=
 passage of his energy strategy is a matter of national security and econom=
ic health, and insisted coal is crucial to weaning the country from foreign=
 fuel dependency.      Competition & Deregulation     NMPRC Issues Electric=
 Energy Policy   Jan. 22 (California Energy Markets) The New Mexico Public =
Regulation Commission on January 8 approved a resolution adopting an electr=
ic energy policy for that state [3668]. Special Offer from this Publisher! =
    [IMAGE] ADVERTISEMENT    6th Annual Distributed Generation & On-site Po=
wer Conference - March  11-13, 2002, in Atlanta, GA. This year's program is=
 again the leader in  addressing the issues of viable systems for improving=
 power quality &  reducing energy costs. For more information, visit our we=
b site at:  http://www.dist-gen.com  or call 508-823-5797.        Mergers, =
Acquisitions & Divestitures     Electrabel eyes Enron Spanish project   BRU=
SSELS, Jan 22 (Reuters) Belgian utility Electrabel said on Tuesday it was t=
alking with failed U.S. energy giant Enron with a view to taking over a pow=
er plant building project in Spain.       Powergen scraps planned sale of C=
ombined Heat and Power business   LONDON, Jan 22, 2002 (AFX-Europe via COMT=
EX) --  Powergen PLC will not be proceeding with the sale of Powergen CHP, =
its Combined Heat and Power business.       Economic affairs minister exami=
nes E.ON application   Jan 22, 2002, (Frankfurter Allgemeine Zeitung /FT In=
formation via COMTEX) --  German minister for economic affairs Werner Mulle=
r is to examine an application by E.ON AG, the energy group, for permission=
 to acquire a majority stake in gas supplier Ruhrgas AG.       EnBW conside=
ring its largest acquisition to date   Jan 22, 2002, (Frankfurter Allgemein=
e Zeitung /FT Information via COMTEX) --  Energie Baden-Wurttemberg AG (EnB=
W), Germany's third-largest energy group, plans to acquire a package of sha=
res in its smaller rival Neckarwerke Stuttgart AG (NWS) from the municipali=
ty of Stuttgart, thus securing an interest of almost 75 per cent in NWS, su=
bject to approval by the Stuttgart local council.       Enron's Indian vent=
ure's bidding terms set   By INDRAJIT BASU, UPI Business Correspondent, CAL=
CUTTA, India, Jan 22, 2002 (United Press International via COMTEX) --  The =
sale of bankrupt Enron Corp.'s 65 percent stake in its $2.9 billion Indian =
subsidiary, Dabhol Power Company, took a decisive turn Monday when its lend=
ers announced their selling terms and a detailed four-month schedule for bi=
dders.       New Review of AEP / CSW Merger Calls Repeal of PUHCA Into Ques=
tion Once Again   by Will McNamara, IssueAlert, Jan. 21 (Scientech) A feder=
al appeals court on Jan. 18 directed a review of the $4.37-billion acquisit=
ion of Central and South West Power Corp. (CSW) by Ohio-based American Elec=
tric Power, a merger that was completed 18 months ago. Special Offer from t=
his Publisher!       Legislation/Regulation     US Congress gears up for hi=
gh-profile Enron hearings   By Kevin Drawbaugh, WASHINGTON, Jan 22 (Reuters=
) Congress is planning six hearings over the next four weeks into the spect=
acular collapse of Enron Corp., with Democrats searching for links between =
the fallen energy trader and the Bush administration.       Bush says Enron=
 duped his mother-in-law   By KATHY A. GAMBRELL, UPI White House Reporter, =
WASHINGTON, Jan 22, 2002 (United Press International via COMTEX) --  Presid=
ent George W. Bush on Tuesday expressed outrage that Enron Corp. stockholde=
rs did not know the facts about the company before its financial collapse a=
nd vowed that the federal government would take action to protect sharehold=
ers -- like his mother-in-law.       Virginia Committee Approves Plan to Tr=
im Powers of Corporation Commission   By Greg Edwards, Richmond Times-Dispa=
tch, Va., Jan. 22 A General Assembly committee has endorsed killing the Sta=
te Corporation Commission's authority to consider the environment and other=
 issues when companies apply to build power plants and lines in Virginia.  =
     Lawmaker says set to subpeona Andersen in Enron case   WASHINGTON, Jan=
 22 (Reuters) The head of a House of Representatives panel said Tuesday he =
was set to subpoena testimony if necessary from Arthur Andersen LLP, the fi=
red auditors of collapsed Enron Corp.       FACTBOX-US congressional hearin=
gs schedule on Enron issues   WASHINGTON, Jan 22 (Reuters) Following are th=
e six hearings which Congress has firmly scheduled on the collapse of Enron=
 Corp. and related regulatory issues over the next four weeks.       Congre=
ss could hamper Justice in Enron case-experts   By Susan Cornwell, WASHINGT=
ON, Jan 22 (Reuters) As Congress pursues a raft of investigations into the =
collapse of Enron Corp., some experts warn that lawmakers' zeal could trip =
up the Justice Department's criminal probe.       Bush Enron strategy may b=
ackfire   By MARTIN SIEFF, UPI Senior News Analyst, WASHINGTON, Jan 22, 200=
2 (United Press International via COMTEX) -- President George W. Bush is ha=
nging tough and not giving an inch on growing Democratic demands to open th=
e records on the energy giant Enron and its links with his administration. =
      Former Treasury, Commerce Officials Comment on Government Role with E=
nron Case   By James Rosen, The Sacramento Bee, Calif., Jan. 21 Former trea=
sury and commerce secretaries from both parties, fascinated from afar by th=
e Enron Corp. saga, say they see nothing wrong in the Bush administration's=
 response to the dramatic fall of the energy giant.       SEC advises bette=
r disclosure on Enron-like deals   WASHINGTON, Jan 22 (Reuters) Federal reg=
ulators told companies on Tuesday as they prepare their annual reports that=
 better disclosure is needed for off-balance sheet deals and other accounti=
ng methods associated with fallen energy trader Enron Corp.       Feds Orde=
r Price Controls On Three Power Producers   Jan 22 - The Augusta Chronicle =
Federal regulators are imposing new price controls on power producers that =
dominate their markets, hoping to head off electricity price spikes such as=
 the ones that crippled California a year ago.      Rates     AUSTRALIAN ST=
ATE TO SEE INCREASE IN ELECTRICITY BILLS   SYDNEY, Jan 22, 2002 (AsiaPulse =
via COMTEX) --  New South Wales (NSW) electricity bills are set to rise sli=
ghtly under state government changes aimed at reducing greenhouse gas emiss=
ions.      Deals/Contracts     Tokyo Electric Power to sell natural gas to =
Nippon Steel   TOKYO, Jan 21, 2002 (Kyodo via COMTEX) --  Tokyo Electric Po=
wer Co. (TEPCO) will annually sell 30,000 tons of natural gas to Nippon Ste=
el Corp. starting in 2003, the first deal for the nation's top power suppli=
er to retail natural gas, sources close to the deal said Tuesday.      Powe=
r Pricing/Supply     East Power Slip as Bearish Weather Generates Sleepy Tr=
ade   Jan. 22 (Btu's Daily Power Report) Amid forecasts for mild weather we=
akening demand through the bulk of the week, spot prices tumbled at hubs ac=
ross the Eastern U.S. for Wednesday delivery. Special Offer from this Publi=
sher!       Power Projects     Seven Electricity Plants in the Works for Ne=
w Mexico   By Rosalie Rayburn, Albuquerque Journal, N.M., Jan. 21 The Weste=
rn power market looks bright to power companies committed to building seven=
 power plants in New Mexico by 2007, when the state plans to allow retail e=
lectricity competition.       Atlanta-Based Power Plant Company to Continue=
 with Plans in Wisconsin   By Lee Hawkins Jr., Milwaukee Journal Sentinel, =
Jan.21 Mirant Corp., an Atlanta power plant developer, said Friday it will =
move forward with plans to build a 930-megawatt merchant plant in Wisconsin=
, despite a recent decision to scale back expansion nationwide.       Endes=
a units to invest 207 mln usd in Brazil power plant; Mitusi to build   MADR=
ID, Jan 22, 2002 (AFX-Europe via COMTEX) --  Endesa SA said its Endesa Inte=
rnacional and Enersis SA units plan to invest a total of 207 mln usd in a 3=
10 megawatt combined-cycle electricity generating plant in the state of Cea=
ra, northern Brazil.      Legal     Houston Law Firm Vinson & Elkins Avoids=
 Enron Onslaught   By Mary Flood, Houston Chronicle, Jan. 22 Though dozens =
of lawsuits have been filed against Enron, its executives and auditors, one=
 party with deep pockets has dodged legal action:       Milwaukee Charitabl=
e Group Seeks Lead-Plaintiff Status in Enron Case   By Tom Daykin, Milwauke=
e Journal Sentinel, Jan. 21 A Milwaukee charitable organization could end u=
p being a key player among the dozens of investment fraud lawsuits filed ag=
ainst scandal-ridden Enron Corp.      Renewables     Utilities Eye Green Po=
wer for Georgia   By Christopher Schwarzen, The Macon Telegraph, Ga., Jan. =
22 Green power won't replace coal-burning power plants any time soon in Geo=
rgia, but two opportunities will provide a start.       Spain consolidates =
position as second-largest producer of wind energy in world   Jan 22, 2002,=
 (Expansion /FT Information via COMTEX) --  Installed wind energy capacity =
in Spain reached 3,337 megawatt hours in 2001, up 33.37 per cent on the fig=
ure at the end of 2000.       Spain govt to investigate Abengoa's wind ener=
gy ops sale to Netherland's Nuon   MADRID, Jan 22, 2002 (AFX-Europe via COM=
TEX) --  Abengoa SA said the the economy ministry has opened an investigati=
on into the sale of the company's wind energy business to NV Nuon of the Ne=
therlands.       China to Develop Upper-Reaches of The Yangtze River   Jan =
22, 2002 - Xinhua News Agency China will start building two hydropower stat=
ions in the next four years in Jinshajiang, on the upper reaches of the Yan=
gtze River.      Energy Efficiency/Conservation     Los Angeles Conservatio=
n Specialists Assess In-Home Energy Efficiency   By Helen Gao, Daily News, =
Los Angeles, Jan. 22 The key to cutting residential utility bills isn't eli=
minating the one big energy-waster, but rather, taking a series of small me=
asures that have cumulative impact, experts say.      People     Enron Chai=
rman Lay Sold Off Company Stock to Pay Loans   By David Ivanovich, Houston =
Chronicle, Jan. 22 Chairman Ken Lay repeatedly sold his Enron stock to pay =
off lines of credit advanced to him by the corporation, not because he had =
lost faith in the company, an Enron spokesman said Monday.       Former Pil=
ipinas Shell country chairman candidate for Napocor presidency   MANILA, Ja=
n 21, 2002 (AFX-Asia via COMTEX) --  Former Pilipinas Shell Petroleum Corp =
country chairman Oscar Reyes is one of the candidates being considered by P=
resident Gloria Arroyo to head the National Power Corp, Energy Secretary Vi=
cente Perez said.       Former Chairman of South Carolina Utility Company D=
ies at Age 81   By Kimathi Lewis, The State, Columbia, S.C., Jan. 21 Virgil=
 Clifton Summer Jr. was an unassuming man of few words, his friends and co-=
workers say.      Labor/Human Resources     Laid-Off Enron Workers Hoping f=
or Help from Funds   By Mike Snyder, Houston Chronicle, Jan. 22 After four =
years working for Enron, Crystal Reyna expected a promotion last year.     =
  Former Enron Workers Air Complaints on CNN   By Julie Mason, Houston Chro=
nicle, Jan. 21 A former Enron Corp. employee who lost nearly $2 million in =
retirement savings said Sunday that workers were never informed that their =
investments were in peril.      Environmental     Kenosha, Wis.-Area Power =
Plant's Mercury-Reduction Experiment Cuts Emissions   By Judy Newman, The W=
isconsin State Journal, Jan. 22 A mercury reduction experiment at the Pleas=
ant Prairie power plant near Kenosha Wisconsin's biggest coal-fired power p=
lant slashed emissions of the hazardous substance by 40 to 60 percent, a st=
ate utility company said Monday.      Nuclear     Mich. 789-MW Palisades nu=
ke at 35 pct power   SAN FRANCISCO, Jan 22 (Reuters) Consumers Energy's 789=
-megawatt Palisades nuclear plant in Michigan was running at 35 percent pow=
er early Tuesday after completing a refueling and maintenance outage that b=
egan June 2001, the company said in a statement.       US panel okays 33-pc=
t duties on French uranium   WASHINGTON, Jan 22 (Reuters) - A U.S. trade pa=
nel on Tuesday gave final approval to import duties totaling nearly 33 perc=
ent on shipments of more than $200 million worth of nuclear power plant fue=
l from France.       Reprocessed nuclear waste arrives at Rokkasho from Fra=
nce   ROKKASHO, Japan, Jan 22, 2002 (Kyodo via COMTEX) --  A cargo of repro=
cessed highly radioactive nuclear waste arrived Tuesday on board a British =
freighter at Mutsu-Ogawara port in Rokkasho village, Aomori Prefecture.    =
   Russia And USA Near Agreement On Nuclear-Fuel Supplies   Moscow, Russia,=
 Jan 22, 2002 (RosBusinessConsulting via COMTEX) --  A standoff between the=
 Nuclear Power Ministry and a private U.S. company over Russian uranium sup=
plies used to produce some 10 percent of America's electricity looks set to=
 be resolved before deliveries are interrupted.       Bulgarian, Greek prim=
e ministers discuss controversial nuclear plant   SOFIA, Bulgaria, Jan 22, =
2002 (AP WorldStream via COMTEX) --  Bulgaria's prime minister on Tuesday a=
ssured his Greek colleague that Bulgaria will honor its commitment to close=
 four of a total of six reactors at its only nuclear plant.       Chernobyl=
 checks security of nuclear storage after uranium smuggling case in Belarus=
   KIEV, Ukraine, Jan 22, 2002 (AP WorldStream via COMTEX) --  Ukraine's Ch=
ernobyl nuclear power plant is examining how well its nuclear fuel is guard=
ed after a case of uranium smuggling was uncovered in neighboring Belarus, =
plant officials said in a statement Tuesday.       Russia to help shut down=
 reactors at Bulgaria Kozlodui NPP   MOSCOW, Jan 22, 2002 (Itar-Tass via CO=
MTEX) --  The Russian Atomic Energy Ministry will help to shut down four VV=
ER-440 reactors at the Kozlodui nuclear power plant in Bulgaria by the agre=
ement between Bulgarian Deputy Prime Minister, Economics Minister Nikolay V=
asilev and Russian Atomic Energy Minister Alexander Rumyantsev.       Russi=
ans Shut Down 3 Nuke Plants   MOSCOW, Jan 22, 2002 (AP Online via COMTEX) -=
-  Reactors at three Russian nuclear plants were shut down in recent days b=
ecause of malfunctions, nuclear energy officials said Tuesday.       Freedo=
m Party threatens with new elections, throwing government into a crisis   B=
y ROLAND PRINZ Associated Press Writer, VIENNA, Austria, Jan 22, 2002 (AP W=
orldStream via COMTEX) -- A petition seeking a shutdown of a much-disputed =
Czech nuclear plant on Tuesday plunged the Austrian coalition government in=
to a deep crisis.       Russian and Bulgarian economic leaders discuss trad=
e, oil, nuclear   Jan 22 - Associated Press Senior Russian and Bulgarian ec=
onomic officials held talks in Moscow on Tuesday on trade, oil projects and=
 the possible return to Bulgaria of nuclear waste that Russia imports and r=
eprocesses, Russian media reports said.      Financial     Routine 401(k) D=
ecision for Enron Became Costly Flashpoint   By Alan Bernstein, Houston Chr=
onicle, Jan. 22 Eleven months ago, Enron began looking for another firm to =
keep the records of its workers' retirement savings program, a bundle of 40=
1(k) accounts then worth about $1.6 billion.       Enron created hidden str=
uctures to inflate profit, enrich executives - lawyers   Jan 22 - AFX Lawye=
rs for Enron Corp shareholders and workers allege that Enron created comple=
x, largely hidden financing structures to inflate its revenue and profit, h=
ide debt from view, delay reporting losses and enrich some executives who r=
an them, the Washington Post reported, citing confidential documents addres=
sed to private investors in Sept 2000.       Accounting Firms Are under Scr=
utiny after Enron Case, Industry Experts Say   By Megan Mulholland, The Pos=
t-Crescent, Appleton, Wis., Jan. 22 The integrity of the accounting industr=
y is in jeopardy after Enron's bankruptcy cast a shadow on the financial se=
ctor, say local industry experts.       Implications of Enron Debacle Terri=
fy Financial Experts   By Miriam Hill, The Philadelphia Inquirer, Jan. 22 S=
hredded documents. Congressional investigations. Phone calls to the Preside=
nt's men. Billions of dollars vanished.      Financial - Ratings     Centri=
ca in focus after Schroders valuation-driven downgrade   LONDON, Jan 22, 20=
02 (AFX-Europe via COMTEX) --  Centrica PLC was under the spotlight in earl=
y deals, pressurised by a downgrade by influential broker Schroder Salomon =
Smith Barney, which feels the energy group is fully valued at current level=
s, dealers said.      Financial - Results     PPL could take Brazil-related=
 charges in '01, '02   ALLENTOWN, Pa., Jan 22 (Reuters) - Leading power pro=
ducer and distributor PPL Corp. said on Tuesday that the effect of energy r=
ationing in Brazil could result in "substantial" charges to its 2001 and 20=
02 earnings.       Kansas City, Mo.-Based UtiliCorp United Expects Better E=
arnings for 2001   By Steve Everly, The Kansas City Star, Mo., Jan. 22 Util=
iCorp United Inc. said Monday that it expected earnings for the year to be =
about 10 percent above 2000 levels.       AEP fourth-quarter earnings fall =
on weather, economy   COLUMBUS, Ohio, Jan 22 (Reuters) Utility holding comp=
any American Electric Power Co. Inc. said Tuesday its fourth-quarter earnin=
gs fell 41 percent, blaming unusually mild weather and the weak economy.   =
    PSEG fourth-quarter results fall on weather, economy   NEWARK, N.J., Ja=
n 22 (Reuters) Public Service Enterprise Group, owner of New Jersey's large=
st gas and electric utility, said Tuesday fourth-quarter profits fell 6.7 p=
ercent, citing mild weather and the slowing economy.       Northeast swings=
 to profit in fourth quarter   NEW YORK, Jan 22 (Reuters) - Northeast Utili=
ties, New England's largest power distributor, on Tuesday posted a fourth-q=
uarter profit, but results fell slightly short of Wall Street's consensus e=
stimate as warmer-than-normal weather dampened demand.      International  =
   Belgian Energy Group to Shed Two Thai Plants   By Srisamorn Phoosuphanus=
orn, Bangkok Post, Thailand, Jan. 22 Tractebel, a Belgian energy group, pla=
ns to sell its cogeneration plants in Samut Prakan and at Nong Khae in Sara=
buri as part of a change in focus in the power industry.       INDIA'S TROU=
BLED DPC READY TO HAND OVER EVIDENCE TO HIGH COURT   MUMBAI, Jan 22, 2002 (=
AsiaPulse via COMTEX) --  Enron's troubled Dabhol Power Company (DPC) infor=
med the Mumbai High Court that the code CDs and e-chips of its idle power p=
lant were in India, and that it was ready to hand over these critical compo=
nents to Industrial Development Bank of India (IDBI).       Courts freeze R=
$12.6mi of Enron in energy market   Brazil, Jan 21, 2002 (Gazeta Mercantil/=
SABI via COMTEX) --  The Eucatex company, which had a contract with Enron t=
o sell energy from its Salto (Sao Paulo) thermoelectric plant, has succeede=
d in having a Brazilian court freeze R$12.6mil in credits which Enron has i=
n the MAE (Mercado Atacadista de Energia).       Controversy in the privati=
zation of electric companies   Ecuador, Jan 21, 2002 (El Universo/SABI via =
COMTEX) --  The privatization of 51% in the Ecuadorian electric power distr=
ibution companies has became a controversial process with all the parts inv=
olved on it putting pressures in the government.       Fox Says Energy Refo=
rm is Necessary   Mexico, Jan 22, 2002 (BNamericas.com via COMTEX) --  Mexi=
can President Vicente Fox has confirmed his support for reform of the count=
ry's energy sector in an address to legislators and businessmen.       Stat=
e Power beefs up plans to create competitive sector   Jan 22 - South China =
Morning Post State Power has vowed to step up plans to reform the mainland'=
s fragmented power sector and push through an ambitious capital- expenditur=
e programme this year.       Tractebel Head Has Several Reasons To Invest I=
n Mexico   MEXICO CITY, Jan 22, 2002 (Reforma/Corporate Mexico by Internet =
Securities, Inc. via COMTEX) --  Tractebel International President Jean-Pie=
rre Hansen denied that proposed changes to Mexican energy regulations are m=
eant to benefit companies, and said they are meant to respond to growing en=
ergy demand, reported Mexico City daily Reforma.       AGL denies it has an=
 eye on CitiPower   By Rod Myer, Jan 23, 2002 (The Age - ABIX via COMTEX) -=
-  Shares in energy group, Australian Gas Light (AGL), rose by 29.5 per cen=
t on 22 January 2002.   [IMAGE]     Powered by Energy Central   ? 2002 Cybe=
rTech, Inc. All rights reserved.  More News         [IMAGE]   [IMAGE] Top  =
  [IMAGE]  RESTRUCTURING TODAY      [IMAGE]    [IMAGE] [IMAGE] [IMAGE] [IMA=
GE] January 22, 2002     ISO convinced DTE it's listening Alliance wasn't a=
s convincing to DTE leaders      NEPOOL shopping for ISO New England replac=
ement      AEP-CSW merger ruled out by appeals court Only Congress can repe=
al PUHCA, jurists declare      UK regulators assault competition myths     =
 LA lawmakers find way to find, hold LADWP CEO Wiggs      Perlman saddened =
by Yzaguirre's leaving      PSC may set NYSEG prices low enough to kill mar=
ket      Va holds up on merchant plants      Restructuring Digest        Po=
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