The PowerMarketers.com POWER REPORT
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?TOP STORIES

US DOE BUDGET PROPOSES 10-YEAR, $2 BLN CLEAN-COAL PROGRAM

The Bush administration proposes creating a 10-year, $2 billion clean-coal 
technology program jointly funded by industry in its fiscal year 2002 budget 
request for the U.S. Department of Energy that was submitted to Congress 
Monday.

CALIFORNIA GOVERNOR INSISTS UPON NECESSITY OF RAISING RATES

Gov. Gray Davis said Thursday that Californians' electricity rates must be 
raised to ease the state's energy crisis, and that some of the money should 
help bail out the strapped utilities, which have rung up $14 billion in debt.

CALIFORNIA REACHES DEAL ON POWER LINES

In a bid to pull the state's second biggest utility back from the brink of 
bankruptcy, Gov. Gray Davis announced a deal on Monday for the state to buy 
power lines from Southern California Edison for $2.76 billion.

MAJOR RATE HIKES, RELIABILITY ISSUES THREATEN NW POWER SYSTEM; BPA SAYS THE 
REGION MUST CUT ENERGY USE NOW TO HOLD DOWN COSTS

The region's federal electricity system is headed for wholesale rate 
increases of 250 percent or more after Oct. 1 unless its customers -- the 
region's retail utilities and large industrial customers -- make commitments 
to reduce energy use within the next 60 days, the Bonneville Power 
Administration warned Monday.

POWER ACQUISITION TARGETS U.S.

Germany's largest power company, E.On Ag, announced Monday that it is buying 
Britian's Powergen Plc for $14 billion in cash in the largest cross-border 
European utilities transaction, which includes a substantial investment in 
the U.S. power business.


Dow Jones News, Preferred by the Pros


DOW JONES NEWSWIRES- Access stories online at: 
http://199.97.97.79/IMDS|PMADJN0,PMADJN1,PMADJN2,PMADJN3,PMADJN4|index


Freight Train Derails, Leaks Fuel Into Connecticut River

PRESS RELEASE: S&P Outlook For Puget Sound Energy Neg

Puget Sound Energy Sr Sec Debt Affirmed A- By Moody's

PRESS RELEASE: Moody's Affirms Rtgs Of Five PG&E Notes

Moody's Confirms PG&E Stranded Costs Securitization Rtgs

Calpine Corp Sr Unsec Debt Confirmed Ba1 By Moody's

Moody's Comments On 6 Financings With Calif Pwr Exposure

PRESS RELEASE: Moody's Comments On Finance Issuers

PRESS RELEASE: Moody's Outlook On Calpine Corp Positive

Moody's: PG&E Bankruptcy To Have Minimal Effet On NRG

Lower Rates Help West Coast Banks Cope With Tech Woes>WM

PRESS RELEASE: Moody's Comments On PG&E Bankrutcy, NRG

Moodys:PG&E Bankruptcy Increases SoCalEd Bankruptcy Risk

PRESS RELEASE: Moody's On US Banks, PG&E Bankruptcy

PRESS RELEASE: Moody's Comments On Southern Calif Edison

Moody's: US Banks Not Affected By PG&E Bankruptcy

US DOE Budget Proposes 10-Year, $2 Bln Clean-Coal Program

PRESS RELEASE:Calif Rate-Reduction Bonds Still AAA:Fitch

Calif Rate-Reduction Bond Rtgs Unaffected By PG&E:Fitch

Dominion:870-MW Millstone 2 Back At Full Power

DOE Budget Seeks To Expand Renewable Energy Tax Credits

BEFORE THE BELL: Amazon.com Looking Green >AMZN

India State Govt Panel To Review Dabhol Power Agreement

Enron India Moves To Protect Dabhol From Political Action

ABB/Entrelec -3: ABB To Tap Its Cash Reserves >Z.ABB

ABB/Entrelec -2: Entrelec Board Supports Bid >Z.ABB

ABB's Entrelec Bid Valued At EUR310M Fully Diluted

ABB To Bid To Acquire France's Entrelec At EUR63 A Shr

ABB: Entrelec Bid Represents 22.5% Premium >Z.ABB

Kansas City's Investment In Utility May Be Costly

FREE TRIAL: For a free trial of the various Dow Jones index and data 
services, go to www.dowjonesnews.com, and click "create account," or call 
1-800-223-2274.


?NATIONAL - Access stories online at: 
http://www.powermarketers.com/pma-nat.htm


Calif. Reaches Deal on Power Lines

Major Rate Hikes, Reliability Issues Threaten NW Power System; Bpa Says the 
Region Must Cut Energy Use Now to Hold Down Costs

SCE And Governor Reach Agreement on Plan to Restore Utility to Financial 
Health

Pacific Gas And Electric Company Receives Court Approval of Second-Day 
MotionsUtility Granted Authority to Continue Efforts to Secure Natural Gas 
Supplies, Use Cash Collateral for Normal Business Operations

Johanns Wants Wind-Power Plan

World Wildlife Fund Climate Change Campaign: Bush Energy Proposal Is 
Blueprint for More Global Warming

Questar Pipeline Enters Agreement to Transport Natural Gas to The California 
Border

U.S. Planning to Rely More on Nuclear Energy

Top Energy Summaries - Monday, April 09, 2001 - 5:22 PM

Pnm Board Amends Articles And Bylaws to Reflect Changes in State Law, Renames 
Planned Holding Company As 'Pnm Resources, Inc.'NM Governor Signs Law to 
Expedite Construction of New Power Plants

Officials Try to Balance Power, Fish Dam Managers' Options Include 'Salmon 
Fund'

U.S.' Abraham says DoE creating new fund for clean coal power initiative

Distributed Generation Achieving Market Penetration According to Energy Info 
Source

Transalta Announces First Investment in Distributed Generation

EDS Delivers Web-Enabled Billing And Payment Convenience to Utilities 
IndustryWisconsin-Based Alliant Energy Among First to Implement New EDS Ebpp 
Service; Offering Targets Billers of All Sizes in Multiple Industries

Feds Embroiled in Power Debate

Sustainable Energy Coalition: Bush Budget Plan Turns Its Back on A Sensible 
Energy Policy

Energy R&D Spending Cuts Criticized

Raytheon Estimates Power Projects

Wall Street Journal: Bush Energy Plan Increases Reliance on Nuclear Power

Shine On: Let the Sun Power the Gadgets That Light Up Your Life

Suit To Halt Power Plants Dismissed ... Plus, Inside Politics

Stuart Energy Fuels Fuel Cell R&D at National Research Council (NRC) of 
Canada in Vancouver

Natural Gas Services Group Announces Acquisition of Great Lakes Compression, 
Inc.

California ISO Declares A Statewide Stage Two Electrical Emergency; 
Conservation Needed As Demand Surges And Supply Tightens

Westinghouse Process Control Helps Power Plants Upgrade Their Systems for 
Increased Efficiency And with Less Interim DowntimeEmerson Subsidiary's 
"Automated Migration Tools" Reduce Outage Time And Costs Associated with 
Process Control Technology Upgrades

U.S. Bank Helps Offset Financial Burden of Energy CrisisOffers Discounted 
Loans to Individuals And Small Businesses for Energy Improvements

Additional Energy Assistance Now Available for New Jersey Natural Gas 
Customers; Company Joins Statewide Heating Assistance Program

Pacific Gas & Electric Files for Chapter 11

Uspowersolutions(R) Selected by Econnergy Energy Company Inc. to Provide 
Powersolution(R) Services Throughout The Northeast And Mid-Atlantic Regions

Kosmont Cost of Doing Business Survey - Special Energy StudyElectric Power 
Rate Increase Changes the Relative Cost of Doing Business Among Los Angeles 
County Cities

Mtc Joins Internet Home Alliance to Fuel Growth of Home Technology MarketKey 
Provider of Low-Cost Meters for Energy Management to Aid Alliance's Delivery 
of Superior Internet Lifestyle Solutions

PG&E Bankruptcy Will Not Affect Calpine's Commitment to California Power 
Market

Bankruptcy Bonuses at Calif. Utility

Abb Introduces New Ion 8300 Revenue-Class Energy And Power Quality Meter; New 
Meter Offers Affordable Price with Advanced Time-of-Use And Sag/Swell Features

Convergent Group Retained by Northeast Utilities for Business Transformation 
Project; Utility Seeks Improved Customer Service And More Efficient Operations

Energy Softworx And Fsd International Form Alliance to Provide Integrated 
Fuels Management, Trading And Risk Management Software Solution for The World 
Energy Market

Rising Energy Prices Oil's Bite Worse Than Expected

Power Grab -- Some Democrats Favor Seizing Plants

Governor, Utility in War of Words / Davis Furious As PG&E Defends Bankruptcy 
Filing

United Technologies to Concentrate on Alternative Energy Sources

Shortages Prove Merits of City Utility Ownership



INTERNATIONAL - Access stories online at: 
http://www.powermarketers.com/pma-intr.htm


IQ Power Technology Inc. Progress Report

Third Unit of Zaporizhzhya Nuclear Power Plant Connected To Power System

Teleadapt Offers Protection Against Power Surges And Spikes to PC Users

Power Acquisition Targets U.S.

International Power

E-7 to Construct US$25mn, 5.5mw Hydro Project - Bolivia

Sudan: Power Association Aims at Covering Rural Areas with Electricity Supply

Brazil: Cosipa to Reduce Energy Consumption

Brazil: Energy Majors Plans Investments

Borsen: Danish Wind Turbine Companies Apply for UK Projects(Danske Interesser 
I Engelsk Vind)

Expansion: Abo Wind Creates a Spanish Subsidiary(Abo Wind: Creacion De Una 
Filial En Espana)

Latin Review - Colombian Petroleum Company Builds a Natural Gas Plant.

Ukrainian Coal Output Edges Up 1%

Brazil: CST to Outsource Construction of Thermal Electric Power Facility

Peru: Jorbsa Loses Union Fenosa's Partnership to Bid for Power Companies

Peruvian State-Owned Power Companies Generated Soles$2.33bil Revenues Last 
Year

The Russian Academy of Sciences (RAS) Considers That The Russian Electric 
Energy Industry Will Need About $15 Billion of Investments for Modernization 
of The Old Faciilities in 2001-2005, $40 Billion- in 2006-2010, $64 Billion- 
in 2011-2015

New Wind plans to float 25 pct of capital this year: head

India: "Force Majeure" Clause Invoked in Enron Power Case

Utc's International Fuel Cells to Deliver Three Pc25(TM) Power Plants to 
Sieco S.A.; First Fuel Cells in Latin America

Top Energy Summaries - Monday, April 09, 2001 - 9:22 Am

Abb Introduces New Ion 8300 Revenue-Class Energy And Power Quality Meter; New 
Meter Offers Affordable Price with Advanced Time-of-Use And Sag/Swell Features

Lightening the Burden of Energy Costs

INTERVIEW: Dongfang Electrical Machinery sees weak sales in 2001

SNET, EDF unit on shortlist for minority stake in Skawina power station

Top Energy Summaries - Monday, April 09, 2001 - 7:40 Am

United Arab Emirates, Eritrea Sign Loan Agreement to Repair Power Plant

Five companies shortlisted for Polish hydroelectric power facility

Eritrea, United Arab Emirates Sign Loan Agreement to Repair Damaged Power 
Plant

Russian Far East Region Subject to Power Cuts

Eastenders Shooting Sparks Power Surge

Japan "Considering" Grant to Burma for Power Station Repair

BHP, Esso sign Tasmanian natural gas supply agreement with Duke Energy

Wind of Change Power Sector under Siege

Japan Mulling Grant for Myanmar to Repair Power Station

3 Australian Energy Cos under Threat without Merger: Professor

China Set to Assist Pakistan in Coal Mining Development

Duke Energy, Onesteel Sign Supply Deal for Tasmanian Pipeline


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


North Carolina Utility Initiates Service to Repair Home Wiring Parts

Tacoma, Wash.-Based Utility Continue to Investigate Massive Power Failure

Tacoma, Wash.-Based Utility Recommends Power Conservation

Florida Utilities to Grant Price Break to Customers

Utah Public Service Committee Polls Public Sentiments on Utility Rate Hike

California Governor Insists Upon Necessity of Raising Utility Rates

Wall Street Turns Skeptical Eye Toward California Governor's Energy Plan

Milwaukee-Based Utility Holdings Firm Awards CEO Huge Bonus

Kansas Officials Nix Utility's Proposal for Rates Increase

California Utility Firm's Bankruptcy Brings Bad News for Creditors

Ohio U.S. Senator Defends Emissions from State's Power Plants


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


California offers to buy SoCal Edison electric grid

Pacific Gas says court okays some payments

TEXT-S&P comments Duke Energy , Duke Capital Corporate credit rating: Duke 
Energy Corp. A+/Negative/A

UPDATE 1-Calif. Gov. Davis, SoCal Edison to announce deal

UPDATE 1-PSEG Power sells $1.8 bln debt to buy plants

WRAPUP 1-Legal wheels begin to grind on PG&E bankruptcy

UPDATE 1-Edison Intl. shares leap 27 pct on settlement hopes

UPDATE 1-Calif. put on power alert due to cold weather

UPDATE 2-Pacific G&E, SoCal Edison pressured by Moody's, S&P

Caterpillar boosting generator production

Cinergy sees 45 pct of 2001 EPS target in H1

ComEd says Chicago will have enough power this summer

Canada natgas prices chase U.S. cash, futures higher

TEXT-Moody's affirms PG&E's Stranded Costs Securitization

American Electric Power files $1.5 bln shelf offering

UPDATE 1-Calpine says PG&E in breach of power contracts

New Issue - PSEG Power sells $1.8 bln in 3-part debt deal

US POWER-In Calif. energy crisis, officials brace for gridlock

Calif muni utilities ratings stable after PG&E--Moody's

PSEG Power offers juicier yields on $1.6 bln bonds

TEXT-S&P comments on NRG Energy

Telefonica buys Brazilian stakes from Iberdrola

Moody;s may raise Power Gen Plc ratings

US Corp Bonds - Spreads wider; utility woes weigh

General Electric says unit awarded $601 mln USAF contract

WRAPUP 4-E.ON unveils Powergen bid, tighter energy focus

Calpine says has $267 mln in accts. receivable with PG&E

UPDATE 2-E.ON soars as energy focus sharpens

E.ON powers German DAX, weak techs hits Neuer Markt

Lehman cuts price target, EPS view on PG&E

Poland shortlists five for Skawina power sale

WRAPUP 1-E.ON unveils 8.2 bln euros bid for Powergen

Enron's Indian unit cites political force majeure

E.ON says can put together 50 bln euros war chest

Finmeccanica may float transport, cut ST stake

E.ON to focus purely on energy, sell Degussa stake

E.ON says has funds for new acquisitions

Calpine could take charges after PG&E bankrupt-WSJ

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California: What's In Store
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Texas: The BIG Retail Market
John O'Brien, Skipping Stone
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Weather: The Everyday Crisis
Lynda Clemmons, Element Re
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The Risk of Managing Risk
Robert Jacobs, Derigen Consulting
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Making the Most of Transmission
Bill Townsend, Friedwire
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Tony Banks, Optiron
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