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CRISIS AND OPPORTUNITY:  POWER MARKETS 2001
http://www.pmaconference.com/0103Agenda.pdf

Every day the headlines bring us more information:

-- Western governors are petitioning for streamlining of permitting for new 
powerplants.
-- The availability of sufficient natural gas to serve Northeastern plants is 
being questioned
-- The law which requires sales to bankrupt California utilities is slated 
for revokation.
--  Hydroelectric plants which were considered candidates for decommissioning 
are now likely to continue operating.
--  Microturbines, originally thought to be a niche market, seem set to make 
dramatic market inroads.

You can find the individual stories at  http://www.powermarketers.com.   To 
put it all in context, join some of the tens of thousands of your fellow 
readers at the Power Marketing Association?s annual spring meeting:

CRISIS AND OPPORTUNITY:  POWER MARKETS 2001:
March 15-16, 2001 Aladdin Hotel Las Vegas
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Preconference Seminar March 14, 2001

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

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

Top Stories (February 12)

CALIFORNIA UTILITIES SEEK SUIT VS. PUC TO CONTINUE AS SCHEDULED
Attorneys with two of California's largest utilities said they will urge a 
U.S. District Court Judge Monday to allow their lawsuit against the state's 
Public Utilities Commission to move forward as scheduled despite a last 
minute plea from the state's Attorney General to postpone the case so 
lawmakers and utility executives can negotiate the terms of a multi-billion 
dollar rescue package for the cash-strapped companies.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/
02/12/eng-djn/eng-djn_055328_10_9662839910015

AES/SOUTHERN CALIFORNIA UNITS -2
AES Corp.'s (AES) AES Southland unit will continue operating its generating 
units in southern California, which provide about 4,000 megawatts of energy, 
following an executive order issued by the South Coast Air Quality Management 
District.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/
02/12/eng-djn/eng-djn_140040_62_1350515075028

POTOMAC ELECTRIC TO BUY CONECTIV IN $5.4 BILLION DEAL
Potomac Electric Power Co. said Monday it has agreed to buy Conectiv Inc. in 
a $5.4 billion deal that will create the largest electricity delivery company 
in the mid-Atlantic region.
http://199.97.97.163/IMDS%PMANAT0%read%/home/content/users/imds/feeds/comtex/2
001/02/12/fu/0000-2498-potomac-conectiv

UTILITIES CONSIDER COAL AS FUEL FOR FUTURE POWER PLANTS
Skyrocketing oil and natural gas prices are leading power-generating utility 
companies to reconsider coal as an attractive fuel for future power plants.
http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri
dder/2001/02/12/krtbn/0000-0228-SL-COAL

RUSSIA, UKRAINE TO SIGN KEY ENERGY DEAL
Russia and Ukraine will sign a key energy accord on Monday, the chief of the 
Russian national electricity utility Anatoly Chubais told reporters.
http://199.97.97.163/IMDS%PMAINTL0%read%/home/content/users/imds/feeds/comtex/
2001/02/12/ts/0000-1733-KEYWORD.Missing

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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

SRM-ENCO LLC Buys Edison Utility Svc From Edison Intl

Williams Co. Isn't Yet Eyeing Bankruptcy For Calif Utils

REPEAT&CORRECT:SoCal Ed:May Not Pay $236M Overdue On Notes

Fla PSC Approves Calpine's 540-MW Osprey Power Plant

Ohio Regulators OK PG&E Plan To Add 90 MW By Summer 2001

PRESS RELEASE:Potomac Elec Pwr Outlook Now Neg Vs Pos:S&P

PRESS RELEASE:Potomac Electric Power On Moody's Review-Dn

Ohio Regulators Approve 550-MW Dominion Merchant Plant

PRESS RELEASE: Moody's Cuts Hoosier Energy REA To Baa1

Conectiv BBB+ Sr Unsec Put On S&P Watch-Developing

REPEAT:SoCal Edison May Not Pay $206M Due On Bk Note Tue

Potomac Electric Power Outlook Now Neg Vs Positive - S&P

Conectiv Sr Unsec Baa1 On Moody's Review For Upgrade

Potomac Electric Power A1 Sr Sec On Moody's Review-Dn

SoCal Edison: May Not Pay $206 Mln Due On Bank Note Tues

Mirant CFO-3: Says Water Resources Dept Not Creditworthy

Edison Intl, PG&E Dn -3: Judge Sets March 5 Hearing>PCG

Arkansas Electric Coop Sec Bonds Raised To A2 By Moody's

Mirant CFO -2: Committee Includes Reliant, Dynegy >MIR

Ferroatlantica/Cantabrico -3: CNMV Will Decide On Offer

Edison Intl, PG&E Dn -2: Edison Dn 7.6%; PG&E Dn 6%

Ferroatlantica/Cantabrico-2: CNMV Balks At Conditions

Mirant CFO: Bankruptcy Is Option For Credit Committee

Ferroatlantica Plans To Withdraw Latest Cantabrico Bid

PRESS RELEASE: Moody's Upgrades Arkansas Electric Coop

Edison Intl, PG&E Dn After Judge Denies Calif. Rate Hike

Govt Of Indian State Pays $17M Debt To Enron - Report

Russia, Ukraine Premiers Strike Deals On Energy Costs

UPDATE: Schlumberger Bids For Troubled Sema Group >SLB

AES/Southern Calif. Units -2: Follows Executive Order

Mexico Earning $200,000 A Day On Calif Electricity Sale

AES Unit To Keep Operating S. Calif. Generating Units

Potomac Elec To Buy Conectiv -5:To Assume Conectiv's Debt

Schlumberger Bids For Troubled Sema Group;Seen Done Deal

Small Companies Say FCC Wireless Auction Rigged - NYT

US Weather: Both Coasts Wet And Wild

Potomac Elec To Buy Conectiv -4: New Co Should Boost Div

Potomac Elec To Buy Conectiv -3: Conectiv Chmn To Retire

ASIAN POWER: Singapore Plans Unfazed By California Woes

Potomac Elec To Buy Conectiv-2: Conectiv Hldrs To Hold 33%

Potomac Electric To Buy Conectiv For $2.2B >POM CIV

Potomac Elec/Conectiv See Merger Completed in 12 Months

Potomac Electric To Buy Conectiv For $25/Share >POM CIV

Calif Utils Seek Suit Vs PUC To Continue As Scheduled

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

-Tampa, Fla., Utility Company Asks for Rate Increase

-Oak Ridge, Tenn., Energy Lab's Manager Temporarily Reassigned

-Oklahoma Utility Firms Face Difficult Task of Predicting Natural Gas Prices

Srm-Enco, Llc Acquires Edison International Subsidiary, Edison Utility 
Services

Florida Public Service Commission Approves Application for Calpine's Osprey 
Energy CenterRepresents First Independent Power Combined-Cycle Facility to Be 
Approved under Florida Power Plant Siting Act

Management`S Discussions: 10qsb, Clx Energy Inc

P&L Coal Fires Up Plans for $100m Initial Public Offering

Citizens Utility Board Will Urge Illinois Commerce Commission to Block New 
Area Code

AltaGas Buys Prairie River Natural Gas Plant to Expand Production Capacity

Mass. Can Avoid California's Energy Woes

Capstone Turbine CFO to Present at First Annual Banc of America Securities 
New Power Economy Conference

Department of Energy Application for Presidential Permit; Northern States 
Power Company

Ohio Power Siting Board Approves a New Major Electric Generation Facility And 
Increases in Capacity at Two Additional Facilities

Top Energy Summaries - Monday, February 12, 2001 - 5:10 PM

Govt Reforms Energy Sector

Ballard Power Systems Announces Year End 2000 Conference Call

Magin Energy Announces Copton Gas on-Stream

Peco Energy Plans $150 Million Five-Year Strategic Investment; Projects Will 
Improve System Performance, Reliability

Uqm Technologies Selected by Ecostar to Supply Fuel Cell Compressor Drive 
Motors for Use in Ford's And Daimlerchrysler's Next Generation Fuel Cell 
Engine Vehicles

Calif. Utility Injuction Bid Denied

New England Leaders to Meet on Energy

Stone Energy Corporation Announces Date And Location of Its Annual Meeting of 
Stockholders

Calif. Utility Seeks Rate Increase

Automated Power Exchange Appoints John Yurkanin New Chief Executive Officer; 
Former Calpx Executive Promises to Be Key Player in Global Power Arena

Bridge Update-Commodities: Energy Futures Worry About Demand

Tucson Electric Power And Citizens Communications CO. Sign Project 
Development Agreement

Gas Costs Help Lift Coal from Slump

P&G Unit Bargains for Cheap Energy

For Cap on Electric Rates, Clock Ticking Lawmakers Fear Spike in Prices When 
Controls Expire at End of 2003

Viking Energy Royalty Trust - Closes Bellshill Acquisition

Management`S Discussions: 10qsb, Standard Energy Corp 1 of 2

Mirant Plans Power Plant in Danville, VA.

Scot Power to Consider Water Sell-Off

Lawsuit Could End California Power Crisis, Study Says; California's Energy 
Future Rides on Judge's Decision

Suncor Energy Inc - Makes Equity Investment in Renewable Energy

Potomac Electric to Buy Conectiv in $5.4 Billion Deal

Top Energy Summaries - Monday, February 12, 2001 - 2:19 PM

Furthers Plan to Develop Alternative And Renewable Energy Business (All 
Financial Figures Are in Canadian Dollars Unless Noted Otherwise.)

U.S. Laboratories Awarded Major Utility ContractsAlso Announces Establishment 
of Energy Division to Meet The Demands of The California Energy Crisis

S&P Assigns Preliminary Rating to Peco Energy Transit Trust's 2001-A

Repeats: Energy Volume And Open Interest Totals-Feb 12

Energy Update/Los Angeles Department of Water And Power Issues Daily Energy 
Update for Monday, Feb. 12, 2001

Letters: Tenaska Apparently Not Bothered by Natural Gas Shortage

U.S. District Court Judge Babcock Makes Preliminary Ruling on U.S. Energy 
Corp. And Crested Corp.'S Motion Seeking An Accounting And Further Relief

Top Energy Summaries - Monday, February 12, 2001 - 12:50 PM

Niko Resources Ltd - Centennial Energy Partners LP Acquisition of Niko Shares

Impco Technologies Inc - Sees Increased Sales in Power Generation Market

El Paso Energy Partners, L.P. to Provide Web Cast of Analyst Meeting February 
14, 2001

Minnesota House Reviews Electric Restructuring Bill Advanced by Minnesota 
Chamber; Plan Addresses Potential Electricity Shortfall Through Conservation, 
Generation, Consumer Competition

PM Hails Reintegration of Russian, Ukrainian Energy Systems.

Around the State ; N.J. Among States to Look at Possible Wind-Farm Sites

W-H Energy Services' CEO Ken White, Jr. Talks to The Wall Street Transcript

Higher Gas Prices, Cold Temperatures Make for Higher Bills, Says PSE&GNew 
Jersey's Largest Utility Advises Customers on How to Weather Higher Heating 
Bills

Stuart Energy Systems Corp - Media Advisory: Five Toronto Schools to Receive 
Grants for - Environmental Projects

Moore Named Catamount Energy President

Omni Energy Announcement

John S. Herold Inc. Reports 2000 Worldwide Energy Industry M&a Deal Value 
Fell 16% to $303.6 Billion

Parallel Petroleum Announces Conference Call to Discuss Current Operations 
And Alliance with Chroma Energy

Banning MTBE Would Likely Be An Economic Disaster Warns U.S. Energy 
Department Official

Top Energy Summaries - Monday, February 12, 2001 - 9:28 Am

Aes Southland to Continue Operation of Generation in Southern California

Alternative Energy Solutions And New Power Technology on Agenda at First 
Annual Banc of America Securities New Power Economy Conference

Chesapeake Energy Corporation Reports Record Proved Reserves, Excellent 
Finding Costs for 2000 And Further Exploratory Success from The Georgetown 
Formation

Eight Sbvc-Backed Companies to Debut at Demo 2001; Innovative Technologies 
And Services -- All with The Power to Transform The Industry -- Showcased at 
Annual Summit

A Lost Opportunity That Worsened Crisis / Utilities And Federal Regulators 
Shut the Door on Renewable Power in California

State, Utility to Duke It Out in Court / Rate Increases on The Line As Each 
Side Makes Its Case

Public Power Is Looking Appealing / Cities Starting to Eye Municipal Ownership

Top Energy Summaries - Monday, February 12, 2001 - 7:35 Am

Ocean Power Corporation And Science Applications International Corporation 
Execute Term Sheet

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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

Mdm Group Steadily Purchases Coal Companies Which Supply Coal to the Far East 
And Eastern Siberia.

New Traffic Lights Help Cities Save Money, Energy

Pemex Denies Gissa 4-Dollar Natural Gas Contract

Ballard Power Systems Announces Year End 2000 Conference Call

Russia-Power-Grid-Nuclear-Stations-Load

Argentina: New Investment of 2250mil in Wind Power Project

London: Seven Days in the Energy Sector

Innogy Holdings Lures British Energy Lawyer for New Market

Enporion Conducts First International Auction with Electricite De France; 
International Auction Signifies Global Utilization of Online Energy Industry 
Exchange

Tehran: Iran And EU to Hold Energy Brainstorm

Chile: Gener to Sell Off Non-Electrical Assets Within 3 Months

Devon Energy Corp: Northstar Energy Corp - Inks Contract to Sell Indonesian 
Natural Gas to Singapore

Norsk Hydro Reports Strong Growth And Record Result

Talisman Energy Inc - Signing of Agreements for Supply of Sumatra Gas to 
Singapore

Old Mutual Sponsors Launch of Euro 150 Million Energy Fund

IAEA inspects disputed Czech nuclear power plant

AuIron Energy in 53 mln aud rights issue to fund next development phase

Germany: Power from CHP to Get Renewed Attention

China's Shaanxi Province Invests Over US$2.4 Bln in Energy Pjts

Russia, Ukraine to Sign Key Energy Accord -- Chubais.

Privatization Plan Submitted for Energy Giant PGNiG

US Energy CO. Tries to Buy Tech CO.

Britain Helps Shanxi with Energy Efficiency

Kenya Welcomes Investors to Develop Power Industry

Ats Automation Tooling Systems Inc. Launches Pilot Solar Project in Western 
China

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

-Tampa, Fla., Utility Company Asks for Rate Increase

-City's Steam Heating System Keeps Heat Costs Down for Indianapolis Firms

-Indiana House Panel Advances Bills to Strengthen Utility Oversight

-Energy Department to Conduct Environmental Study in Oak Ridge, Tenn.

-Oak Ridge, Tenn., Energy Lab's Manager Temporarily Reassigned

-Oklahoma Gas Utility Allows Customers Means to Check Own Usage Levels

-Oklahoma Utility Firms Face Difficult Task of Predicting Natural Gas Prices

-Tampa, Fla.-Based TECO Energy Buys Power Plant in South Texas

-Solar Energy Systems Shine at Atlanta Builders' Show

Connecticut Water Utility to Acquire Waterbury, Conn., Water Services

Tampa, Fla., Utility Asks State to Raise Rates for Residential Customers

ST. Louis-Area Residents Consider Budget-Billing Plans for Utility Costs

Utilities Consider Coal As Fuel for Future Power Plants

San Joaquin County, Calif., Businesses Dim the Lights During Energy Crisis

Editorial: the State Has No Good Way Out of Power Crisis

South Bend Tribune, Ind., Biz Buzz Column

California Lawmakers Focus on Utility Fundamentals to Find Energy Solutions

New Jersey Utilities Commission to Undergo Realignment at Top

California Asks for Delay in Its Suit Against Southern California Edison

California Officers Unlikely to Fine Businesses That Don't Dim Outside Lights

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

UPDATE 2-Germany's Yello wins new power customers

Canada natgas falls with weak U.S. in warm forecast

Tata, H.K. giant may bid for India power systems

UPDATE 3-Pepco to buy Conectiv, slashes dividend

Fitch rates Northeast Utilities BBB-minus

S&P revises Potomac Electric Power outlook to negative

UPDATE 1-German power industry given deadline on CHP issue

PECO to invest $150 mln over 5 years to upgrade system

Wash. utility, companies reach accord on power prices

Russian province's bosses quit over energy crisis

Calif. should avoid long term power contracts-report

Colombia's EPM to sell $134 mln in companies

Peabody seeks air permit for planned Ky. coal-fired plant

UPDATE 1-U.S. federal judge denies Socal Edison rate request

Czech protesters block Temelin N-plant entrance

Cinergy, BP to build two Texas power plants

Peabody Group files for IPO

Moody's may cut Potomac Electric Power ratings

Refocusing Scot Power weighs water options

Progress Energy to sell $3.0 bln debt

SCANA Corp fourth-quarter EPS rose 16 percent

UPDATE 1-EnBW must widen bid for Spain's Cantabrico - CNMV

UPDATE 2-Edison shares fall on judge's ruling

U.S. federal judge denies Socal Edison rate request

Moody's raises Arkansas Electric Cooperative rating

RPT-Potomac buy Conectiv in deal worth $2.2 billion

Third lawsuit planned against NYPA's NYC power plants

US Corp Bonds-End mixed; Lucent, SoCal Ed debt weaken

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ELECTRONIC TRADING. Power is following natural gas to become an 
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NUTS AND BOLTS OF RETAILING. What it takes to put an energy retailing 
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RETAIL: WHAT WENT WRONG, HOW TO FIX IT. Retail electric deregulation has thus 
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MANAGING BILLING. The complex requirements for managing billing and 
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energy customer management (ECM) solutions. Paul Grey, Chief Technology 
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THE INTERNET AND THE VELOCITY FACTOR. Greater price transparency, faster 
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