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                   PROJECT FINANCE: THE TUTORIAL
                              April 23-25 2001 NY NY
and

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NEW!!!

                     EUROPEAN POWER TRADING 2001

European trading volumes soared in 2000. Traders now set the pace in key
markets, no matter what politicians want. And the torpor of ministries is
nowhere to be found in this business.

This major study will help you understand European power markets,
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--------------------T O P S T O R I E S--------------------

Top Stories (March 22)

CALIFORNIA GOVERNOR PRESENTS PLAN TO BOOST ALTERNATIVE ENERGY GENERATORS
Gov. Gray Davis on Tuesday unveiled a last-ditch proposal to prop up hundreds 
of alternative energy plants that provide a crucial third of the state's 
electricity but have been shutting down at an alarming rate, causing two days 
of rolling blackouts.
http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri
dder/2001/03/22/krtbn/0000-0522-SJ-POWER-CRISIS

CALIFORNIA ENDURES MORE BLACKOUTS; PLAN SOUGHT TO RESTART SMALL POWER PLANTS
Blackouts rolled across California for a second straight day Tuesday, 
snarling traffic, darkening businesses and sending state officials scrambling 
to craft a payment plan to revive the wind farms and other critically needed 
small energy producers that have shut down because of financial woes.
http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri
dder/2001/03/22/krtbn/0000-0482-SA-BLACKOUTS

GAS-FIRED QF'S DEVELOP PLAN TO PROVIDE POWER THROUGH THIRD PARTY SALES
A group of gas-fired QFs (small, independent power suppliers -- 
"cogenerators") has developed a plan that will enable them to stay in 
business and continue to supply power to the California market, and save the 
state as much as $10 million per day in its electricity purchases.
http://199.97.97.163/IMDS%PMANAT0%read%/home/content/users/imds/feeds/comtex/2
001/03/22/pr/0000-2412-ca-sce-gas-fired-qf

ALLEGHENY ENERGY/POWER PACT -2: TO SUPPLY UP TO 1,000 MW
Allegheny Energy Inc.'s Allegheny Energy Supply Co. LLC unit obtained a 
10-year, $4.5 billion electricity supply contract from the California 
Department of Water Resources, which buys electricity for the state of 
California.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/
03/22/eng-djn/eng-djn_140046_18_6770642898045

OKLAHOMA GROUPS WANT TO DELAY ELECTRIC DEREGULATION
More time and study is needed to knock the kinks out of Oklahoma's electric 
deregulation proposal, consumer groups said Wednesday.
http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri
dder/2001/03/22/krtbn/0000-0588-TU-POWER

MINNESOTA HOUSE'S ENERGY BILL MOVES ON WITH DEREGULATION PROVISION
The patchwork quilt that is the Minnesota House's energy reliability bill 
passed its first committee hurdle Tuesday, but not before its author 
threatened to kill the whole thing if one of its most controversial 
provisions was deleted.
http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri
dder/2001/03/22/krtbn/0000-0535-SP-ENERGY-BILL

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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

IPE Seeks E-Trade Improvements As Volumes Grow

Southern Co. Sets Final Stk Distrib Ratio For Mirant

SoCal Edison Sees Owing Additional $428.6M By April 3

SoCal Edison: Owes $722M More Than It Has In Reserves

SoCal Edison Had $1.91B In Cash Reserves At March 20>EIX

SoCal Edison Has $493.3M In Unpaid Matured Comml Paper

SoCal Edison Also Owes $839.5M To Qualifying Facilities

SoCal Edison Owes $580M To CalPX, ISO As Of March 20

Suez Unit Elyo Gets EUR200M Intl Paper Cogeneration Deal

ABB/Shell -2: Part of Shell's $1.4B Bonga Development >Z.ABB

ABB/Shell -3: Equipment Delivery Until Mid-2009 >SC

Enron Reaffirms 2001 Recurring Net $1.70 To $1.75/Shr

Allegheny Energy Gets $4.5B Power Sales Pact In Calif.

Allegheny Energy Gets 10-Yr, $4.5B Power Sales Pact >AYE

Norway's Oil Min Awards 11 Cos North Sea E&P Licenses

WSJ: Japan's IIJ Gets Bids From Cable & Wireless, Others

US Weather: Rain In Northeast, Cold In Northern Plains

EU OKs BNP, UGI Acquisition Of Elf Antargaz

ABB Cancels U.S. Share Placement, Listing To Proceed

Tepco's Wireless Internet JV To Begin Service In May

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

Statement by American Chemistry Council President on National Energy Policy

Exide Technologies' Gnb Industrial Power Announces Supply Agreement with NTT 
Facilities, Inc.

Top Energy Summaries - Thursday, March 22, 2001 - 5:27 PM

The Energy Crunch: City Turns Off Effort to Save with Street Lights

Groups Want Electric Deregulation Delayed

Power Crisis May Raise Colo. River

Ocean Energy Completes Acquisition of Texoil

Allegheny Energy Supply Agrees to Provide Power to California

Council Ponders Energy Buyout-- City Would Purchase Cilco Natural Gas And 
Electric Lines

TransAlta Urges Mexican Utility To Scale Back Borrowing Role

Consumers Energy Announces April 10 Groundbreaking for New Headquarters

Department of Energy Application for Presidential Permit Sempra Energy 
Resources

Department of Energy Application for Presidential Permit; Baja California 
Power, Inc.

Nuclear Regulatory Commission CE Nuclear Power Llc; Hematite Fuel Operations; 
Notice of Consideration of Request for Consent to Transfer of Facility 
License And Conforming Amendment And Opportunity for Hearing

Daimler Sells First Fuel Cell Buses

Calif. Overcharged $6.2b for Power

Repeats: Energy Volume And Open Interest Totals-Mar 22

Dynegy to Provide Support for California Power Prices

Allegheny Energy Supply Agrees to Provide Long-Term Power to California 
Energy Market

Top Energy Summaries - Thursday, March 22, 2001 - 2:03 PM

Top Energy Summaries - Thursday, March 22, 2001 - 1:53 PM

Alliant Energy Signals Interest in Developing 1200 Megawatts of New 
Generation in Iowa

Top Energy Summaries - Thursday, March 22, 2001 - 1:42 PM

Gas-Fired Qfs Develop Plan to Provide Power Through Third Party Sales

Peco Energy Helps to Introduce Philadelphia to A Different Type of March 
Madness

Tethys Energy Inc - Considering Value Maximization Opportunities

Vector Energy Corp - Nine Month Revenues of Over $1.6 Million

Legislators Learn Some Details of Power Contracts

Davis Council OKs Power Pact: Dutch Firm Given Lease to Run Small Solar Plant

Touchscape Helps Utility CO-Ops Improve Online Service And Communicate Better 
with Customers

California ISO Files with Ferc Regarding Market Power; Media Teleconference 
Scheduled for 10:30 A.M. PST

Pair of Forums Will Shed Light on Energy Crisis

Michcon's Existing Customer Choice Program And Fixed Rate for Natural Gas 
Continues Through 2001

Great River Energy Announces Region's Largest Voluntary Wind Project

Rate Payers Lose in Dismissal of Citizen Power Appeal

Illinois Power, Cities to Negotiate on Tree-Trimming

Ohio Consumers' Counsel Launches Price-to-Compare Calculator, Continues 
Electric Choice Education
Efforts

Cbi's Applications, Advantages, Limitations And Structures of Synthetic & 
Leveraged Lease Financing for U.S. Power Projects

Barclays Capital Builds Energy Business

Quantum Awarded Contract to Develop Hydrogen Storage System for Fuel Cell Bus

Aep Tests Sodium Sulfur Battery's Electrical Energy Storage Capabilities

Advisory/Dominion Resources CEO Thos. E. Capps to Address Energy Issues at 
Nabe's 2001 Washington Economic Policy Conference

DTE Energy/Mcn Energy to Receive FTC Clearance for Pending Merger

GOP Pushes for Special Legislative Session on Natural Gas

Cheney Warns of Power Crisis

International Power Mulls US Expansion

Bill to Regulate Merchant Power Plants Advances

Energy Agency Halts Site Project Department Stops Design Work on Plutonium 
Disposal Plant, Cuts Funds from 2002 Budget Plan

Bush Gives Power Plan Arguments

U.S. Energy Infrastructure Pushed

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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

IBM Japan, 4 Others to Launch Energy-Saving Research

Ues of Russia, Shell Gas & Power Sign Cooperation Memorandum

Chubais Wins Ebrd Credit to Build Geothermal Station

Korea Electric Power Corp Names Presidents for Six Spin-Offs

Schneider Electric wins 8 mln eur contract for AHP's Irish unit

Brazil: Energy Rationing to Generate Losses of R$3bil for Power Distributors

Brazil: Comgas Boost Sales with Electric Power Generating

Russian Energy Grid, Shell Sign Memorandum

Eurogas Joint Venture Partner Nafta to Conduct New Reservoir Evaluation of 
Trebisov Natural Gas Field

Coal Expected To Remain China's Major Energy Source in Next Five Years

Ukrnafta Seeks Investment in Fuel, Energy Complex

Ontario Power Generation Creates "Evergreen Energy"

Top Energy Summaries - Thursday, March 22, 2001 - 9:21 Am

IBM Japan to Develop Ways to Let PCS Use Stored Power

Aep Tests Sodium Sulfur Battery's Electrical Energy Storage Capabilities

Jim Snow Joins Charles River Associates As a Vice President; Energy Utility 
Specialist Strengthens Expertise in Asia Pacific Region

ExxonMobil not ready yet to resume Aceh ops: Indonesia Energy Minister

EU Wants Lithuania to Close Down Its Nuclear Power Plant by 2009

Egypt: Partial Privatisation of Power Distribution Firms

Extended Systems Provides Bluetooth Software to Mitsubishi-Trium for 
Next-Generation Cell Phone Products

STOCKWATCH: Centennial higher on rumoured steaming coal price hike

Westaim: Westaim`S Ifire Technology Hires Matsushita Electric Industrial CO

UK Government: Hain Grants Freedom for Green Energy

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

Oklahoma Groups Want to Delay Electric Deregulation

Federal Way, Wash.-Area Utility's Labor Talks Reach Standstill

Electric Company Plans to Transfer Utah Positions to Oregon

Special-Interest Groups Pick Apart Energy Bill in Minnesota House

Minnesota House's Energy Bill Moves on with Deregulation Provision

Scientists' May Have Answer to California's Power Problems

California Governor Presents Plan to Boost Alternative Energy Generators

San Francisco Bay Area Learns to Roll with Power Blackouts

California Manufacturers Prepare for Summer Power Blackouts

Summer Blackouts May Not Hit Northwest U.S., Power Group Says

California Hospitals Seek Power Guarantee

California Endures More Blackouts; Plan Sought to Restart Small Power Plants

Colorado, Kansas Water Brawl Goes to U.S. Supreme Court

Paducah, KY., Uranium Enrichment Plant Upgrades Nuclear Fuel Production

Orlando, Fla.-Area Water District to Launch $200,000 Public-Relations Campaign

Orange County, Calif., Residents Cope with Power Blackouts

Nation's Energy Crisis Has No Quick Fixes, Bush Administration Says

Orange County, Calif., Area Scrambles in Dark As Rolling Blackouts Hit Region

Alternative Power Producers Cut Back As Payments from California Utilities Lag

New Jersey Utilities Official to Take Professorship at Tech Institute

Experts Say Georgia's Power System Meets Customer Demand

Baldwin, Kan., Approves Filing Court Appeal Against Utility

Scottish, Pump, Valve Company Expects to Benefit from American Power Crunch

Escondido, Calif., Site Is Not Zoned for Proposed Power Plant

Dayton, Ohio-Area Utility Executives See Compensation Soar During 2000

California Utility's Program Leaves Once)Exempt Customers in Danger of Outages

California Experiences Most Widespread Outages Since Start of Power Crisis

New Mexico Utility Hires Consultants in Anti-Union Campaign

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REUTERS
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Access stories online at: 
http://news.powermarketers.com/news/articles/ElectricPower.html

Power crisis has states luring California firms

INTERVIEW: FERC ``Lone Ranger'' blasts California policy

SoCalEdison obligations top reserves by $722 mln

UPDATE 1-Russia's UES optimistic on restructuring

UPDATE 1-Calif. grid manager claims huge power overcharges

TEXT-Moody's affirms Avista Corp ratings

Kinder Morgan Energy says to meet estimates

Southern sets final Mirant spin-off ratio

Italgas 2000 group net profit rises to 335 mln euros

UPDATE 1-California sees power meltdown without price cap

Vermont Gov. wants new coal-fired power plant-WCAX

US Corp Bonds-Spreads widen as blue chips battered

UPDATE 2:California sees power meltdown without price cap

France to return German nuclear waste on Monday

UPDATE 2-Beirut appoints BNP-Paribas for power firm sale

New Issue - Virginia Electric sells $600 mln 5-yr notes

UPDATE 1-Russian Duma puts off vote on nuclear fuel imports

UPM backs nuclear plant, defies green activists

Phelps copper output cut would meet muted response

Lithuania could close nuclear plant in 2009

TEXT-S&P may cut Camuzzi Gazometri SpA rating

S.Africa awards contract for nuclear power plant

Northeast Utilities cuts net to reflect FERC order

DTE acquisition of MCN said cleared by FTC

Allegheny Energy in pact to sell electricity to Calif.

UK opens the door to 100 more green energy projects

NY lawyers say Northeast needs one power grid operator

Enron comfortable with its 2001 earnings target

UPDATE 2-Powergen shares surge on bid hopes

Brazil Cesp says 2000 loss was 414 mln reais

French EdF wants 15 pct of Polish power generation

Philippines okays natural gas-fired power plant

E.ON near to buying Powergen at 30% premium-paper

Powergen still in talks on offer for firm

Constellationprices 12 mln shrs at $39.90/shr

*********************************************************
NEW on the POWERMARKETERS.COM TRAINING PAGE
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Access all online presentations at: http://www.pmaconference.com

Coming soon! PMA Power Markets 2001 presentations, taped at the Aladdin 
Hotel, Las Vegas, March 15-16, 2001.

Don't forget you can choose to stream the presentation immediately over the 
web, or download it to your computer for later viewing-- Free!

RealVideo-based powerpoint-based presentations, with the accompanying audio. 
Running about 30 minutes each, 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

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