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Attend the Power Marketing Association?s annual spring meeting:

          POWER MARKETS 2001: CRISIS AND OPPORTUNITY

                March 14-16, 2001 Las Vegas

http://www.pmaconference.com/0103Agenda.pdf

EVERY CRISIS HOLDS OPPORTUNITIES:

Power shortages boost merchant power, distributed generation, peak shaving, 
real-time pricing and energy management. Some states are delaying their 
retail choice programs, but others are moving ahead, confident that they have 
benefited from the lessons learned by the pioneering jurisdictions. Electric 
price volatility drives growth in the risk management business.

Credit and cash flow are squeezed, but financial products provide solutions. 
Gas price volatility is a reminder-- coal was and remains the great source of 
energy for our country. Dot-coms seem to have been exposed as just ordinary 
businesses-- but online trading in energy is the single most robust area for 
transactions on the net. The IPO market hasn?t been kind to technology 
stocks-- but it likes energy issues. Broadband trading has been slow to take 
off, but powerline telecom may solve the real problem-- access to "the last 
mile".

Please join us at the Power Marketing Association?s annual spring meeting, 
"POWER MARKETS 2001: CRISIS AND OPPORTUNITY" March 14-16, 2001 Las Vegas, for 
presentations on these topics and more!

Warmest Regards,
Glenn Lovin
Executive Director

http://www.pmaconference.com/0103Agenda.pdf

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

Top Stories (January 31)

CHENEY TO LEAD ADMINISTRATION'S SPECIAL ENERGY TASK FORCE
Describing California as the poster child for the electricity woes the nation 
could face, President Bush on Monday commissioned a special energy task force 
to study how to cope with rising prices and increase domestic energy 
production.
http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri
dder/2001/01/31/krtbn/0000-0468-SJ-ENERGY-PANEL

CALIFORNIA POWER BILL WITH RATE HIKE CLAUSE GETS BACKING
Utility representatives and consumer advocates Tuesday expressed qualified 
support for a state power-buying bill that says rates could increase based on 
how much power consumers use.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/
01/31/eng-djn/eng-djn_030038_66_5025933156721

POWER FIRMS MAY POUR BILLIONS INTO QUICK-START PLANTS IN WEST VIRGINIA
Two half-built power-line towers reach toward an AEP high-voltage line that 
crosses the Big Sandy River near the Aristech Chemical Corp. plant here in 
Wayne County.
http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri
dder/2001/01/31/krtbn/0000-0543-WV-POWER

HOUSTON-BASED ENRON PLANS BAHAMAS-FLORIDA NATURAL GAS PIPELINE
Add a 90-mile natural gas pipeline from the Bahamas to the list of projects 
that Texas-based energy giant Enron Corp. is pursuing for electricity-hungry 
Florida.
http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri
dder/2001/01/31/krtbn/0000-0191-FL-ENRON

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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

US West Power Forwards Down On Dailies; Bullish In Q2

Calif Utility Securitization Package Hung Up On Terms

EEI:US Electric Output For Wk Ended Jan 27 Dn 1.6% On Yr

PRESS RELEASE: S&P Upgrades Northeast Utilities, Units>NU

US Man Sues Verizon For Denying Him Breast Cancer Therapy

Venezuela Begins Registration For LMDS License Auction

FEER(2/8): Taiwan Ponders Place Of Nuclear Power In Its Future

FERC Talks On Midwest Grid Groups To Start Thursday

Northeast Utilities Sr Unsec Raised To BBB By S&P >NU

Dynegy Telecom Unit Leases Dark Fiber From Level 3

Calif Power Stks Off -2: Shrs Had Gained In Recent Days

Calif Power Stks Off -3: Goldman Still Bullish On Cos.

Kansas City Power/DTI -3: Unit To Buy Wts For More Shrs

Kansas City Power & Light/DTI -2: K.C. P&L Has DTI Stake

XCel Energy Earnings -4: Street Sees FY01 Net $2.22/Shr

RPT: XCel Energy Earnings -3: Year Financial Table >XEL

XCel Energy Earnings -3: Year Financial Table >XEL

XCel Energy Earnings -2: 4Q Financial Table >XEL

XCel Energy Sees 2001 Net $2.20 A Share >XEL

REPEAT&CORRECT:ScottishPower Takes $1M/Day Hit, Not $100M

XCel Energy 4Q Revenue $4.98B Vs $2.21B >XEL

CORRECT/ScottishPower/Analyst:Takes $1M/Day Hit,Not $100M

XCel Energy 4Q Net $137.8M Vs $147.3M >XEL

XCel Energy 4Q Oper Net 49c/Share Vs 50c >XEL

ScottishPower 3Q Results Seen Hit By California Crisis

Brazil's Tiete Tender Offer Slated For April

California Sees Light In Crisis, But Tunnel's End Far

Kansas City Power & Light, DTI Hldgs Complete Tender

Kansas City Power & Light: 50.4% Notes Tendered >KLT

Kansas City Power & Light Unit To Acquire Control Of DTI

Cisco's CEO Says Fed Acted Late, Reaffirms Muted Outlook

Spain's Endesa, Accenture To Market Systems In Lat Am

Australia's Aldoga Aluminum -2: Alcoa Said Involved

Australia Aldoga Aluminum Wins Govt Help In Smelter Proj

California Power Bill With Rate Hike Clause Gets Backing

Calif Asked For Revisions To Util Audit Language -Source

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

Storm Leaves 11,000 Homes without Power

Impact Energy Inc. Announces Closing of Plan of Arrangement And Provides 
Operational Update

Protecting Power Quality

Congress at A Loss on California Energy Problem

Energy crisis creates more than just rolling blackouts

Wholesale Natural Gas Prices Lower for February; Billing Rate Is 32 Percent 
Less Than Previous Month

Nuclear Power Could Be a Beacon in California

Xcel Energy, Inc. Awards Preferred Supplier Contract to General Cable

US/Canada Spot Natural Gas: Topock Soars Amid PG&E Pipe Ofo

Leavitt Pushes Utility Expansion

California power exchange users face more bills on Edison debts - Pacificorp

Utah Power Wants Rate Hike -- Now

Power Problems

Top Energy Summaries - Wednesday, January 31, 2001 - 4:55 PM

Dynegy Completes Acquisition of Northeast Generation Assets

Energy Prices Snapshot

Energy Crunch Forces Aluminum Companies to Revise Game Plan

Transalta to Sell Power Plant to Syncrude

Essential.Com Names Stephen a. Vogel President And CEO; Energy And 
Communications Marketplace Recruits 25-Year Energy Industry Veteran

Bridge Update-Commodities: Energy, Cocoa Stumble; Sugar Jumps

Syncrude Owners Buy Power Plant from Transalta

Hits And Misses on Energy Crisis Actions by Bush And Locke Are Welcome, But 
Only Federal Intervention Will Stabilize Market

Energy Q&a: Gas Is Still the Best Choice for Cheap Heat

Semco Energy's Southeastern Division Marks 50th Anniversary

Repeats: Energy Volume And Open Interest Totals-Jan 31

California lawmakers to increase power retail rates - Edison's Frank

Top Energy Summaries - Wednesday, January 31, 2001 - 2:00 PM

Chairman of the Energy & Air Quality Subcommittee of The House Energy & 
Commerce Committee Will Address Energy Newsmakers Breakfast

Harza Energy to Assist California Water Agencies with Power-Generation 
Solutions

Prima Energy Corporation Announces 2001 Capital Expenditure Budget And 
Provides Operations Update

El Paso Energy Corporation to Provide Web Cast of Annual Analyst Meeting 
February 5-6, 2001

Dems Seek Action in Energy Crunch

Altira Energy Technology Fund Announces First Closing

Nader's Power Crisis Remedy: Re-regulation, Conservation

Energy Bill Stalled by Key Questions

Ebidenergy.Com to Expand Online Energy Procurement Services with RFP Platform 
for Direct Communication between Energy Suppliers And End Users

3tec Energy Corporation Announces Closing of Classic Resources Inc. 
Acquisition

Some Illinois Towns with Natural Gas Companies Are Saving Residents Money

Fox-Penner Urges Policies Designed to Address the California Electric Crisis 
And Improve Electric Competition

Danoil Energy Ltd. to Merge with Western Facilities Fund

Equatorial Energy Inc. Announces Financing

Promax Energy Inc. Announces 54 Million Dollar Capital Budget for 2001

Duke Energy Field Services Sr Unsec Debt Rated 'Bbb' by Fitch

More Power to New Rackspace Customers

Niagara Mohawk Completes Sale of Share of Roseton Power Plant(Advisory: 
Niagara Mohawk Will Announce Year-End Results February 15. See Information at 
End of This Release.)

Niagara Mohawk Completes Sale of Share of Roseton Power Plant

Allegheny Energy Licenses Sct's Fuels Management System; Banner FMS Will 
Manage Procurement, Transport, And Use of $500 Million in Coal Fuel

Greka Continues to Increase Natural Gas Production

Accenture And Enermetrix Form Joint Marketing Alliance to Address Expanding 
E-Business Needs of Utility And Energy Clients

Imserv North America Announces Contract with Powersource to Provide 
Aggregation ServicesImserv Enables Powersource to Make Informed Power 
Purchasing Decisions

Pseg Awards EDS $137 Million Contract to Manage Infrastructure 
EnvironmentAgreement Calls for EDS to Provide It Services for One of Nation's 
Largest Electric And Gas Companies

Cez Will Take 17 Mil T of Coal from SD in 2001

Pennnet And Pennwell Form Pennenergy with Headquarters in Houston Texas; Fast 
Growing Energy Market to Be Focus of New Entity

Kcs Energy, Inc. Plan of Reorganization Accepted by Creditors And 
Shareholders And Confirmed by Delaware Court

Keep Proposals Flowing on State Power Debate

Dim & Dimmer / Big Retailers Try to Cut Soaring Power Bills by Reducing 
Lighting

Power Exchange Closes

Calif. Uses More Public Money to Buy Power

Top Energy Summaries - Wednesday, January 31, 2001 - 7:38 Am

Audit: PG&E Slow to Act / Millions Sent to Parent Firm As Utility Sank Deeper 
in Debt

An Energy Primer

Florida Power Idling at Least 62 Workers

Groups Slap State Power Report

Legislators Can Do Little About Energy Prices

Water District Joins Power Effort

New Energy Rules End Need For More Than 90 Power Plants

Utility Rates

Detroit Plans $63 Million Power Upgrade

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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

Russia Goes for Nuclear Power

Nippon Steel to Start Power Retailing

Finchaa, Tis Abay Power Plants Will Be Ready in 4 Months

Congressman: Power Companies Owe Consumers US$25mn - Chile

GE Power Supplies 120mw Ave Fenix Turbine - Argentina

CMS Energy Announces U.S. Government Approval of Co2 Emissions Reductions 
Project in Equatorial Guinea

Stuart Energy Partners with BC Hydro to Advance Hydrogen-Fueling Technology

Enersul to Receive Hydro Bids to end-Feb. - Brazil

Top Energy Summaries - Wednesday, January 31, 2001 - 9:26 Am

Czech Trade in Electric Power

France: GE Supplies Gas Turbine for Argentina Power Plant

EDP, Cajastur Promise New Power Plants If Cantabrico Bid Prevails

Outside Power Grid Improves Beijing Environment

Indonesian Power CO Pln Reports US$2.5 Bln Loss in 2000

Indonesian Govt to Halt 2000 Subsidy to State Power Company

Philippines Power CO Napocor Posts US$245.3 Mln Net Loss in 2000

Pacific Electric see profits at Shenzhen plant this yr; Indonesia plan on hold

At the Niche: Power Companies May Put Billions of Dollars Into Quick-Start 
Planys in State

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

Clinton, Conn.-Based Water Utility Firm to Keep Rates Steady in 2001

Power Firms May Pour Billions Into Quick-Start Plants in West Virginia

The News Tribune, Tacoma, Wash., Art Popham Column

Parent of Chicago-Based Utility Company Reports Decline in Net Income

Bailout Talks Boost Two California Utilities' Stocks

Audit of California Utility Shows Lack of Resources, Payouts to Shareholders

Cheney to Lead Administration's Special Energy Task Force

California Lawmakers Discuss Measures to Limit Energy Crisis

Seattle City Council Approves Electricity Rate Hike

Meter-Reading Cut May Affect Bills for Pacific Gas & Electric Customers

Heating Bills Worry Southwest Virginia Residents And Businesses

Weather Favored Raleigh, N.C.-Based Utility's Earnings

Cairo, Ill., Utility Denies Wrongdoing in Power Price Hikes

Residents Are Upset Over Proposed Lake County, Fla., Power Plant

Audit of Troubled California Utility Shows That Parent Company Got Billions

Threat of Blackouts in California Spurs Interest in Rental Generators

Houston-Based Enron Plans Bahamas-Florida Natural Gas Pipeline

Wholesale Electric Prices to Oregon Utilities Likely to Double This Year

Utility, Wind-Power Group Aim to Sway Colorado Regulators with Energy Plans

British Water Suppliers Drain Customers for Profits

Baffling Statements Add to Sting of Higher Dallas-Area Utility Rates

California Measure Would Guarantee Purchase of Power

Soaring Energy Prices Boost Earnings of Buffalo, N.Y., Energy Firm

Alaska Electric Association Cancels Request for Vote on Electric Deregulation

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

UPDATE 4-Welsh Water plan on track as regulator rules

UPDATE 2-UK Ofgem says new power trading NETA to begin Mar 27

UnitedNetworks set for strong year profit

Avista reports much higher than expected Q4 earnings

Canada spot natgas mixed ahead of U.S. storage report

POLL-Endesa-Chile 2000 net profit seen $177.8 mln

UK power traders seek consensus on contract terms

UPDATE 3-US taxpayers may pay off Calif. utility debts

UPDATE 1-Calif. Senate okays emergency power rescue bill

New Issue-Enron sells $1.25 bln zero-coupon conv bonds

S.Korea says govt-led restructuring ends next month

Lower gas prices to shrink Wisc. heating bills--WPSC

UPDATE 1-U.S. power sales boosts Cominco's fourth quarter

AmeriGas fiscal Q1 earnings beat estimates

Enron sells $1.25 bln convertible bonds

UPDATE 1-Kaiser sees Q4 operating loss, may sell assets

UPDATE 1-Calif. to use customer bills to secure PG&E gas

Reptron posts Q4 profit compared with loss year ago

UPDATE 1-Avista reports strong Q4 earnings, huge profit trading

WRAPUP 1 - Calif. struggles with energy rescue package

HEADLINE STOCKS - U.S. stocks to watch on Jan. 31

El Paso begins open season on new Conn/NY natgas pipe

Kaiser sees 4th-qtr operating loss, weighs asset sales

AmeriGas to buy NiSource's Columbia propane unit

S&P raises Northeast Utilities ratings

Future Shop says third-quarter earnings up

California green groups split over power policy

Vt. to decide soon on AmerGen's bid for Vermont nuke

Audits paint dismal picture of Calif. utilities

RPT-Senate energy bill seeks nuclear, electric incentives

US firms seek to build Italy power plants-sources

Xcel Energy Q4 misses estimates on merger costs

UGI Corp. fiscal Q1 earnings up 37 percent

Calif. Gov. Davis outlines power efforts to Congress

*********************************************************
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

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Marketers, Powerplant Development, Powerplant Equipment, Risk Management,
Sales, Software, Trade Associations, Training, Weather Services and more!
Check it out today! http://www.energyyellowpages.net/

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