Attention POWER REPORT Readers: Go to 
http://www.powermarketers.com/prdaily.htm to view today's edition with direct 
headline links to each story.]

======================================================================
The Industry's Preferred Source For Breaking Energy News And Information
http://www.powermarketers.com
----------------------------------------------------------------------
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

Subscriptions to The PowerMarketers.com Power Report are free - you will 
never be charged.

You may redistribute this e-mail without change. You may not redistribute 
stories.

To register for a free subscription, point your browser to: 
http://www.retailenergy.com/pma/dprreg.htm

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

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

PROJECT STRUCTURING IN THE REAL WORLD:
                          ADVANCED  SEMINAR
                              April 26-27 NY NY

Download the conference brochure at

          http://www.pmaconference.com/pfweek.pdf

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

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,
transmission networks, products and policies.

Download brochure at

http://www.pmaconference.com/europe.pdf

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

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

Top Stories (March 21)

U.S. ENERGY SECRETARY WARNS OF LENGTHY CRISIS FOR NATION
As California struggled through another round of rolling blackouts Monday, 
Energy Secretary Spencer Abraham warned President Bush that the nation faces 
an energy crisis that could continue for the next two decades.
http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri
dder/2001/03/21/krtbn/0000-0161-HO-ENERGY-CRISIS

PG&E, SCE RESPOND TO CALIFORNIA PLAN TO PAY PLANTS
Pacific Gas and Electric Co. and Southern California Edison, which have 
withheld payment to smaller California power plants amid an energy crisis in 
the state, responded late Tuesday to a plan by Governor Gray Davis designed 
to make them pay.
http://news.powermarketers.com/news/articles/ElectricPower/03_21_2001.reutr-st
ory-N21291048.html

MODESTO IRRIGATION DISTRICT LOOKING TO PUT NEW POWER PLANT ON FAST TRACK
The Modesto Irrigation District wants to speed up development of a new power 
plant and get permission to reactivate an old one in response to the state 
energy crisis.
http://199.97.97.163/IMDS%PMANAT0%read%/home/content/users/imds/feeds/modestob
ee/2001/03/21/eng-modestobee_local/eng-modestobee_local_120336_176_83921592077
2

FERC JUDGE SAYS FINAL MIDWEST GRID GROUP DEAL IS COMPLETE
After two days of lengthy negotiations, a final settlement agreement between 
two rival power grid management groups will be filed with the Federal Energy 
Regulatory Commission Wednesday, a FERC official said.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/
03/21/eng-djn/eng-djn_160101_60_0337177142501

NEW YORK ENCOURAGES USE OF BACKUP GENERATORS THIS SUMMER
Concerned about the potential for power shortages, the administration of New 
York Gov. George Pataki and the managers of the state's power grid are taking 
steps to encourage businesses to run their backup diesel generators at times 
during the summer when electricity use is at its highest, the New York Times 
reported in its Wednesday edition.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/
03/21/eng-djn/eng-djn_040055_185_913908926304

ENERGY COMPANY PLANS $800 MILLION PLANT NEAR JOHNSTOWN, PENNSYLVANIA
Texas-based power giant Reliant Energy Inc. said yesterday it would build an 
$800 million generating station at the border of Indiana and Westmoreland 
counties.
http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri
dder/2001/03/20/krtbn/0000-0309-PG-ENERGY

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

In Texas, Soaring Gas May Kill Big Nuclear Debt Recoup

FERC Judge Says Final Midwest Grid Grp Deal Is Complete

RWE Denies Veto Proposal Put To Cajastur For Cantabrico

NY Encourages Use Of Backup Generators This Summer- NYT

REPEAT: NZ UnitedNetworks To Issue NZ$200 Million Bond

REPEAT: NZ UnitedNetworks To Issue Credit Wrapped Bond

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.

----------------------------------------------------------------------
N A T I O N A L
----------------------------------------------------------------------
Access stories online at: http://www.powermarketers.com/pma-nat.htm

Building Plants for Power Not An Easy Task

Farmers Tell Congress Increased Supplies Are Key to Affordable And Reliable 
Energy

Energy Talks Draw Partisan Fire Power: in A Meeting with The Vice President, 
Lawmakers Disagree Over Ways to Relieve The Run-Up in Electric Rates

Electric CO. Lawsuit Dismissed

-Tulsa, Okla.-Based Williams Cos. Accused of Manipulating Energy Prices

Power Authority to Seek Community Input to Offset Emissions from Generators

Bush: No Quick End to Energy Woes Blackouts Return to California; Crisis 
Worst Since '70s

Historic Blackouts in State / Energy Crisis Growing Worse

Michigan Power Fix Advised Edison, Consumers Must Improve Energy Grids to 
Avoid California-Like Crisis, Group Says

Alliant Energy Proposes to Develop 800 Megawatts of New Generation in 
Wisconsin

California power woes eased as weather cools, stations repaired

Duke Energy Corporate Units Rated `A' by Fitch

Sithe Energies Reassessing Plans for Local Power Facility; Scaled-Back 
'Peaking' Unit Would Use No Water for Generating Power

Electrical Emergency Downgraded to Stage One; California ISO Urges Consumers 
to Continue Conservation Efforts

Calpine to Acquire Development Rights for 750-Megawatt Energy Center in Kern 
County, Calif.

Oge Energy Corp. Announces Dividend

Emphasize Wind Power As Part of Energy Goals Iowa View

Pantellos Transforms Utility Industry with New Level of Supply-Chain 
Efficiency; Cinergy Transaction Demonstrates Value of Pantellos Marketplace 
for Buyers, Suppliers

Delaney Energy Services Corp: Integrated Production Services Ltd - Delaney 
Defers Shareholder Rights Plan Separation Time
Mid Looking to Put New Power Plant on Fast Track

Fpl Merger Runs Into Trouble a Cryptic Statement Released by the Utility 
Indicates It And Entergy Corp. Are Disagreeing Over The Terms.

California Utility, Puc Face Off Over Electricity Rate Hikes

Clean Coal Technology Helps Power Plants: Only Four State Facilities Are 
Using New Technology

Sharpe Resources Corp - Subsidiary Sharpe Energy Changes Initial Proposal

Firstenergy Corp. Subsidiary Lands Energy Services Contract with 
Pinnaclehealth

U.S. power companies withholding data from regulators - Nugent

Ocean Energy Schedules Outlook Call And Webcast

Fame to Provide Energy Charting Technology to Platts.Com; Free New Service to 
Debut at World's Most Comprehensive Energy Web Site in May

Administration Pushes for New Sources of Energy Eric Pianin, The Washington 
Post

Former New York State Attorney General Robert Abrams Appointed to Ambient 
Corporation Advisory BoardFour Term New York Attorney General to Advise 
Ambient on Legislative And Regulatory Issues Pertaining to Power-Line 
Telecommunications (Plt) Technology

E-Lectrade to Launch World's First Anonymous Marketplace for Trading Highly 
Complex Structured Electricity
ProductsBreakthrough Neutral, Web-Based Electric Power Marketplace Optimizes 
Risk; Over $2 Billion in Annual Transaction Cost Savings Foreseen As Market 
Grows to $25 Billion

Power Workers Face Daily Scramble

The Power Crunch

Measure Would Tighten Controls Over Power Plant Coal Ash

Vermont Tackles Energy Needs with Conservation

Clovis OKs Water Sale to Power Plant

Retx Inc. And Pentech Solutions Inc. Begin Strategic Alliance to Help 
End-Users in Volatile Energy Markets

NW Lawmakers Meet with Cheney Over Power Woes

Sempra Energy - 2:45 P.M. - Power Restored for Most Sdg&E Customers; 
Possibility - of State-Ordered Curtailments Continue Tonight

Energy Crisis

Grid Aims to Cool Power Demand

House Committee Approves Pair of Energy Bills

----------------------------------------------------------------------
I N T E R N A T I O N A L
----------------------------------------------------------------------
Access stories online at: http://www.powermarketers.com/pma-intr.htm

Energy Secretary Steps Down Amid Cabinet Shuffles - Argentina

Papua New Guinea Capital Faces Power Rationing

Gabriel Resources Ltd: Osprey Energy Ltd - Richmondclub.Com Hosting 
Presentations by Gabriel Resources Ltd. - And Osprey Energy

London: BP in Fuel Cell Bus Project

H Power Corp. to Develop Fuel Cell Systems for The Japanese Residential 
Market Using Osaka Gas' Fuel ProcessorJapanese Gas Utility to Start System 
Evaluation of H Power Fuel Cell Units Before Year-End

Brazil: Vcp to Hold 7% of Energy Market

Brazil: Cerj to Invest New Thermal Electric Power Facility

Paraguay: Parana River Mill Granted Special Power Rates, Moves Woodpulp 
Project

Oman: Pseg LED Consortium to Build $234 M Power Plant

Guangdong Electric Power Development To Issue 84 Mln New Shares in Shenzhen

Beijing's Natural Gas Consumption Totals 1 Bln Cu M by End of 2000

Tipperary Enters Into Memorandum of Understanding for The Sale of Up to 210 
Billion Cubic Feet of Natural Gas to Australian Fertilizer Group

Philippine Napocor to hold first electronic bidding for coal on April 17

Skyline Gold Corp - to Acquire Shares in Coast Mountain Hydro Corp.

Full: Intl Power 9-Mo Pretax Pre Excep Profit 167 Mln Stlg

International Power to bring 2,770 MW of capacity on line in U.S. in 2001

China power sector reform plans stalled amid high-level disagreements: report

STOCKWATCH: Harbin Power closes morning higher on rotational buying

Philippine Cabinet approves new omnibus power bill draft

Kozienice Power Plant To Be Privatized by Q1 2002, Sell-off Adviser To Be 
Sought Soon

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

-Oklahoma-Based Natural Resources Company Defies Bear Market

-Tulsa, Okla.-Based Williams Cos. Accused of Manipulating Energy Prices

Residents of Clay, W.VA., Concerned About Water Situation

Judge Orders Utility to Cut Gas Rates in Putnam County, W.VA.

Lights Out in California Again; Blackout Is Intended to Save Water for Fall

British Water Utility Plots Ukpound 4 Billion Break-Up

Russian Energy Board Row Deepens

Recession Could Ease California's Energy Crisis, Experts Say

Energy Secretary Predicts Nationwide Power Shortage

Warm Weather in California Drives Demand for Power, Forces Blackouts

Seattle Electric Utility Borrows Almost $689 Million Amid Cash Crunch

Solar Power Fuels Optimism for Meeting Future Energy Demands in California

Power Crisis Hits Home And Work for Sacramento, Calif.-Area Families

Saving Energy with Small Cuts Will Help California Residents Get Power Rebate

Small-Plant Failures Make Big Trouble in California Energy Crisis

Energy Secretary Says Crisis Could Sap Economy, Lifestyle Across Nation

Blackouts Pounce Again in California; More Than 1 Million Hit Across State

Governor's Proposal That California Purchase Power Lines Sparks Growing Debate

California Blackouts Viewed As National Omen

Acquisitions Propel Pennsylvania-Based Water Utility in Bigger-Is-Better World

Mount Laurel, N.J., Maker of Electrical Power Systems Puts Itself Up for Sale

Canon City, Colo., School Taps New Energy System

Warm Weather, Power Crisis Lead to Blackouts Throughout California

Orange County, Calif.-Area Businesses Prepare for Power Blackouts

Chief of New Jersey's Public Utility Board Leaves to Become College Professor

U.S. Energy Secretary Warns of Lengthy Crisis for Nation

Resignation Revives Idea to Expand New Jersey Utility Regulatory Board

Head of New Jersey Utility Panel Resigns, Raising Concerns of Board's Ability

Massachusetts Utility Files to Raise Rates Again

Eugene, Ore., Power Company Plans to Pay Companies to Reduce Consumption

Interior Secretary Backs Bush Stance on Monuments' Energy Possibilities

Bush Administration Looks at Supply Options, Long-Term Fixes for Energy Crisis

High Energy Prices Spur Innovations at Two Buffalo, N.Y.-Area Companies

White House Issues Warning on Energy Shortages

Electric Bills Could Rise 25 Percent for Savannah, GA., Residents

ST. Louis-Based Electric Utility Pushes for Deregulation Bill

California Utility Pacific Gas & Electric Gets $1.1 Billion from Parent Firm

California Governor Releases Names of Energy Consultants on Board As Advisers

Federal Regulators Pursue More Energy Refunds from California Power Suppliers

Seattle Utility Says Top Power Users Are Industrial, Commercial Customers

Increased Use of Electrical Appliances Undercuts Energy-Efficient Initiatives

Cell Phone Magnate Tops List of Seattle-Area Energy Users

Roseville, Calif., Makes Plans with Enron for New Power Plant

Power Generators Again Feel Federal Heat Over High Prices

Bipartisan Bill Favoring Electricity Price Caps Lacks Administration's Support

Rhode Island Senator Proposes Electric-Rate Hike to Bail Out Businesses

Oregon Senator Pursues Cap on Northwest's Power Prices

Energy Company Plans $800 Million Plant Near Johnstown, Pa.

Aurora, Colo., Officials, Water District Clash Over Water Proposal

Solar Energy Becomes Popular in California As Electricity Bills Remain High

Wisconsin Utility Seeks Financial Incentives to Encourage Power Agreements

Raleigh, N.C., Power Firm to Shut Down Necedah, Wis., Factory

Energy Utilities to Discuss Obstacles to Florida Merger

Juno Beach, Fla.-Based Firm Discusses Merger Issues with New Orleans Utility

New Orleans-Based Entergy Hopes to Raise Electricity Prices in Arkansas

Firms' Dispute May Delay New Massachusetts Power Plants

Shares Drop at Florida's Fpl Group As Entergy Corp. Deal Hits Possible Snag

Environmentalists Advocate Wind Farms for Pennsylvania Prairies

Environmental News Network, Sun Valley, Idaho, David Suzuki Column

Solar Sailing Space Mission to Test in April for Launch Later

Entergy Offers Pilot Billing Program for Some Texas Customers

California Utility Executive Says to Expect Outages, Higher Rates

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

Energy Sec. shuns tax incentives for new power plants

UPDATE 1-US state officials want power price cap review

US state officials want power price cap review

Calif. pushes power savings to avert summer blackouts

UPDATE 1-EU pressures Lithuania on funds, energy reform

Massey sells waste coal processing plant stake

UPDATE 3-Intl Power confident of 20-25% EPS growth

US Corp Bonds-Buyers on strike; investment banks hit

TransCanada appoints insider Harold Kvisle to CEO

Wisconsin Energy to sell $1 bln notes this week

Suspected nuclear protest hits Berlin rail office

PG&E, SCE respond to California plan to pay plants

California utility regulator resignation sought-WSJ

*********************************************************
NEW on the POWERMARKETERS.COM TRAINING PAGE
*********************************************************
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

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

Where to go when you're looking for:
Billing Systems, Brokers, Call Centers, Coal Marketers, Computers &
Networks, Conference Houses, Energy Management, Engineering Services,
Environmental Services, Exchanges & Clearing Houses, Executive Search
Services, Financial Services, Gas Marketers, Information Services, Internet
Services, Legal Services, Management Consulting , Marketing, Meters, Power
Marketers, Powerplant Development, Powerplant Equipment, Risk Management,
Sales, Software, Trade Associations, Training, Weather Services and more!
Check it out today! http://www.energyyellowpages.net/

----------------------------------------------------------------------
OTHER NEWS & INFORMATION FEATURES ON POWERMARKETERS.COM
----------------------------------------------------------------------

PRICEWATERHOUSECOOPERS NEXT-DAY POWERTRAX ELECTRIC PRICE INDEX:
Access online at: http://www.powermarketers.com/p-trax.htm

ELECTRICITY SPOT PRICES:
Access online at: http://www.dtnergy.com/pma/spot.cfm

ELECTRICITY FUTURES PRICES:
Access online at: http://www.dtnergy.com/pma/electric.cfm

NATURAL GAS FUTURES PRICES:
Access online at: http://www.dtnergy.com/pma/gas.cfm

THE PowerMarketers.com JobSite:
Access online at: http://www.powermarketers.com/pmajobs.htm
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

News releases may be submitted to The PowerMarketers.com Power Report via 
e-mail to news@powermarketers.com

Copyright 2000 by PowerMarketers.com: http://www.powermarketers.com/

The PowerMarketers.com Power Report is a complimentary service of The Power 
Marketing Association. Headlines are copyrighted by their respective 
services: Reuters, Knight-Ridder, and others.

Subscriptions to the PowerMarketers.com Power Report are free - you will 
never be charged. You may redistribute this e-mail without change. You may 
not redistribute stories. To register for a free subscription, point your 
browser to: http://www.retailenergy.com/pma/dprreg.htm

TO UNSUBSCRIBE OR CHANGE your subscription, (1) point your browser to "The 
PMA OnLine Power Report" subscription services form at 
http://www.retailenergy.com/pma/dprreg.htm


OR

(2) , send a message to pma@powermarketers.com. Include "unsubscribe" in the 
subject and include your name and email address for confirmation.