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T H E P O W E R M A R K E T E R S .C O M P O W E R R E P O R T

Today's Headlines From POWERMARKETERS.COM

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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 26)

INVESTMENT BANKS SEEK ADVISOR ROLES IN CALIFORNIA POWER CRISIS
Bankers from Goldman, Sachs met in Sacramento and held conference calls this 
week with state officials to discuss becoming the state's financial adviser 
in the energy crisis, The New York Times reported Friday.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/
01/26/eng-djn/eng-djn_054034_48_5737550701015

FEDERAL RESERVE BLAMES ENERGY CRISIS ON FAULTY DEREGULATION IN CALIFORNIA
Federal Reserve Chairman Alan Greenspan said California's electricity crisis 
is hurting the nation's economy and blamed the state's botched regulatory 
policies for creating the shortages that have led to rolling blackouts there.
http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri
dder/2001/01/26/krtbn/0000-0547-WT-DEREGULATION

TENNESSEE VALLEY AUTHORITY PREPARES TO ADD POWER-GENERATING CAPACITY
The Tennessee Valley Authority has avoided the power woes of California by 
continuing to build and buy more electricity generation through the 1990s.
http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri
dder/2001/01/26/krtbn/0000-0521-TN-ELECTRIC

TEXAS-BASED INTERGEN UPBEAT ON MEETINGS OVER PLANNED PENNSYLVANIA POWER PLANT
An official of Intergen, the Texas energy developer hoping to put a power 
plant on Spring City Road, said he expects 1,500 residents at a meeting at 7 
tonight to discuss the proposal.
http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri
dder/2001/01/26/krtbn/0000-0397-PH-POWERPLANT

CALPINE BUYS RIGHTS FOR 490-MW LOUISIANA PLANT; SEEN UP IN 2002
Calpine Corp. has acquired from Cogentrix Energy Inc. the development rights 
for a $300-million, 490-megawatt power plant in southeastern Louisiana, the 
company said Friday.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/
01/26/eng-djn/eng-djn_172113_116_001557770651

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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

Maine Yankee Gets OK To Manage Plant's Decommissioning

Calif Utility Bonds Rise On Rescue Plan But Risks Remain

Utility, Comp Divisors To Fall With Duke Energy Split

GATX Terminals Corp Granted Indefinite Waiver By CPUC

Niagara Mohawk Says Elec Rate Hike Minimized By Hedging

PRESS RELEASE: S&P Pulls CalPX C Short-Term Liquidity Rtg

Groups To Take N.H. Electric Challenge To Supreme Ct

CalPX C Short-Term Liquidity Rating Withdrawn By S&P

US Senate Energy Bill Mandates a Host Of Studies

Cummins '01 Warning Spells Trouble For Truck Makers>CUM

California Groups Vow To Derail $6B Utility Recoup

Calpine Buys Rights For 490-MW La Plant; Seen Up In '02

Cummins CEO Sees 1Q Loss Of About 75C Per Share>CUM

Atlanta Utility Building 'Golden Mile' Telecom Network

PRESS RELEASE: Fitch Cuts Caithness Coso Funding Note Rtg

Hydropower Operator Gets Mixed US Court Ruling On License

CORRECTION: PSNH Pfd Stk Raised To 'ba2', Not 'ba1'

Caithness Coso Funding Sr Secured Notes Cut To BB:Fitch

AmerGen:870-MW Three Mile Island 1 Seen Down To 50% Power

US Weather: Snow In Midwest; Rain, Snow In West

Investment Bks Seek Advisor Roles In Calif Pwr Crisis-NYT

WSJE: Breakingviews.com: Is Eidos's FY Warning All It Seems?

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

Deregulation Requires Negotiating Authority: Power Brokers for the People

Washington Keeps Hands Off California Power Woes

Leaders Agree on Calif. Energy Plan

PSE&G Electrical Rates to Drop 2% Mandated Cut Due in February

North Carolina, Louisiana Not Sure on Electric Deregulation

Calif. Lawmakers Doubt Power Plan

Uc Panel Says Power Rate Hike Needed

El Paso Energy Announces Dividend Increase

Utility Officials Testify for Icc on Soaring Cost of Natural Gas

Top Energy Summaries - Friday, January 26, 2001 - 4:48 PM

-Georgia Legislators Consider Amending Natural Gas Deregulation Law

-California-Based Internet Utility Firm Exits Electricity Sales

-Rates Up 15 Percent at Georgia's Top Natural Gas Marketer

Eia Sees Natural Gas Prices Beginning to Moderate in Q2

Advisory/ 'Cool' Construction Materials Help Curb Energy Use; Can Help to 
Avoid Rolling Blackouts

Top Energy Summaries - Friday, January 26, 2001 - 2:12 PM

It Can't Happen Here Area Utilities: Illinois Will Never Suffer California's 
Energy Fate

Data Centers Take Power Crisis Moves

Department of Energy Revised Public Participation Policy Guidance

Alliance to Save Energy Hails New York State As Nation's Model for Energy 
Efficiency

Repeats: Energy Volume And Open Interest Totals-Jan 26

Energy Update/Los Angeles Department of Water And Power Daily Energy Update 
Friday, Jan. 26, 2001

Alabama Power Dividends Declared

Energy on Bush's Agenda with Fox

Calpine Announces Acquisition of Development Rights for 500-Megawatt Energy 
Center Near Bogalusa, LAWashington Parish Energy Center to Bring New Source 
of Electricity to Growing Louisiana Power Market

Power Crisis Becomes Selling Tool: While Courting Business, Sacto Claims 
Capital's Electricity Cheaper, More Reliable

Power Firms Pitch Supply Proposals to Southern Nevada Water Authority

Top Energy Summaries - Friday, January 26, 2001 - 12:17 PM

Stage Three Electrical Emergency Declared; Conservation Is Key As Critically 
Low Operating Reserves Continue

Portable Fuel Cell Shipments to Explode by 2001

Power Crisis May Sap Millions from Tennessee Coffers

San Diego Utility Petitions for Rate Increase

Power Crisis Becomes Selling Tool

Top Energy Summaries - Friday, January 26, 2001 - 8:51 Am

State Ends Up Paying High Price for Power / $365 Per Megawatt Hour More Than 
Bid Offers

Oakland to Scrimp on Energy Use / Mayor Vows to Cut Consumption by 10%, Seek 
$3 Million Loan for Retrofit

Kansai Electric to Enter Retail Gas Business

Bush Energy Legislation Aimed at Preventing Shortages

Top Energy Summaries - Friday, January 26, 2001 - 7:21 Am

Locke Unveils Energy Plan Governor Proposes Tax Breaks; to Encourage New 
Power Generation

Avista Rate Hike Request Met with Anger Company Seeks 29 Percent Natural Gas 
Increase

Bpa: Power Costs Likely to Rise 60%

Senate OKs Freeze on Natural Gas Prices

Back-Up Generators: What To Do When The Power Goes Poof

Web Utility Firm Exits Electricity Sales

Geothermal System Proves Itself a Winner Low Utility Bills Make Homeowner a 
Believer

Power Plant Sale Plan Criticized

A Tough Lesson in Supply and Demand of Energy

PSC OKs Higher Fee For Energy ConservatIon

Energy Crisis Poses Poltical Quandary for Bush

UCSD Engineering School Explores Alternative Sources of Energy-(U. 
California-San Diego)

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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

Kenya Ends Power Rationing

California Crisis Stares Down Power-Hungry Province

Hungary Used 0.4% Less Energy in 2000

Philippines Mactan Economic Zone to Ensure Stable Power Supply

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

-Georgia Legislators Consider Amending Natural Gas Deregulation Law

-California-Based Internet Utility Firm Exits Electricity Sales

-Oklahoma Legislators Plan to Postpone Deregulation of Electricity

-High Oil, Gas Prices Fuel Profits for Oklahoma City-Based Energy Firm

-Oklahoma Energy Firm Reports Drop in Fourth-Quarter Earnings

-Rates Up 15 Percent at Georgia's Top Natural Gas Marketer

Gas Bills Soar for Putnam County, W.VA., Schools

High Utility Bills Stun Maryland Residents

Federal Reserve Blames Energy Crisis on Faulty Deregulation in California

Alternative Power Companies Benefit from California Electric Crisis

Tennessee Valley Authority Prepares to Add Power-Generating Capacity

California's Woes Present Opportunities for Energy-Abundant Tennessee

Utility Head Emphasizes Need for New Power Plants in Illinois

California Utilities Cut Power to `Volunteers' First

Power Suppliers Offer Prices to Ease Crisis, California Governor Says

Washington State Governor Proposes Tax Breaks As Energy Crisis Deepens

Sacramento, Calif., Lures Businesses with Lower Power Costs

Electricity Costs Now a California State Secret

PG&E's New California Electricity Price Is Five Times Cost of Production

Electricity Auction Lifts California Officials' Hopes

Power Outlook Is Dim for Oregon

California Power Auction Closes with Offers from 39 Bidders

Portland, Ore., Saves Energy by Unplugging Two Landmarks

Gop's Energy Plan Looks to Arctic Refuge for Oil, Gas

Providence, R.I.-Area Firm May Get New Power Broker

Texas-Based Intergen Upbeat on Meetings Over Planned Pennsylvania Power Plant

New Jersey Alternative Energy Supplier to Leave State

Florida Consumers Face Higher Utility Bills

Houston Chronicle Working Column

Representatives File Bill to Allow Delay in Texas Deregulation

Pennsylvania Officials Delay Utility's Request for Electric-Rate Relief

Wind Energy Tax Incentives Meet Support in North Dakota Legislature

Fort Worth Star-Telegram, Texas, Todd Mason Column

Lawmakers Urge New Limits on Texas Electric Deregulation

West Coast Energy Crisis Brings Allegations of Profiteering by Wholesalers

Eugene, Ore.-Area Public Raises Many Questions About Energy Crisis

Springfield, Ore., Utility Board to Pay Electric Provider to Shut Down

Montana Aluminum Firm's Laid-Off Workers Get Full Year's Advance Wages

Two Charlotte, N.C.-Area Plants to Bring Up to 350 Jobs

California Businesses, Residents Try to Alleviate Damage from Energy Crisis

California Tries to Run Auction to Buy Electricity

Contra Costa Times, Walnut Creek, Calif., Tapan Munroe Column

New Mexico Legislator Takes Second Look at Electric Deregulation

Columbus, Ohio, Fails to Assist Low-Income Families with Electric Bills

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

01/28/01 California power reserves at critical lows for 13th day

01/28/01 UPDATE 1-Bush team to meet on California energy woes Monday

01/27/01 India says nuclear plants in quake-hit zone safe

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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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THE PowerMarketers.com ENERGYYELLOWPAGES
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http://www.energyyellowpages.net

Where to go when you're looking for:
Billing Systems, Brokers, Call Centers, Coal Marketers, Computers &
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Services, Financial Services, Gas Marketers, Information Services, Internet
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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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OTHER NEWS & INFORMATION FEATURES ON POWERMARKETERS.COM
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PRICEWATERHOUSECOOPERS NEXT-DAY POWERTRAX ELECTRIC PRICE INDEX:
Access online at: http://www.powermarketers.com/p-trax.htm

ELECTRICITY SPOT PRICES:
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ELECTRICITY FUTURES PRICES:
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NATURAL GAS FUTURES PRICES:
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THE PowerMarketers.com JobSite:
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A daily visit to "The PMA Jobs Site" at 
http://www.powermarketers.com/pmajobs.htm connects you to a wealth of power 
industry opportunities that could supercharge your career!
PMA ONLINE MAGAZINE: Access online at: http://www.retailenergy.com/pmamag.htm

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