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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 29)

BUSH DIRECTS ENERGY PLAN
President Bush, voicing alarm that California's energy crisis is spilling 
over its borders, directed Vice President Cheney and several Cabinet members 
to develop a plan for the federal government to "act boldly and swiftly."
http://199.97.97.163/IMDS%PMANAT0%read%/home/content/users/imds/feeds/comtex/2
001/01/29/ao/0000-1444-power-woes-bush


CALIFORNIA GOVERNOR FAVORS FINANCING INTEREST IN UTILITIES
Gov. Gray Davis on Friday threw his weight behind a controversial plan to 
have the state provide financial relief to Southern California Edison and 
Pacific Gas & Electric in return for partial ownership of the debt-wracked 
utilities.
http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri
dder/2001/01/29/krtbn/0000-0077-OC-POWER-CRISIS

PSEG, PANDA JV'S 1,000-MW TEXAS POWER PLANT ON LINE
A 1,000-megawatt power plant in Guadelupe, Texas has begun commercial 
operations, its owners said Monday.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/
01/29/eng-djn/eng-djn_144057_46_3356754020788

EL PASO ENERGY COMPLETES MERGER WITH COASTAL, CREATING THE WORLD'S LEADING 
NATURAL GAS COMPANY
El Paso Energy Corporation announced today that it completed its $24 billion 
merger with The Coastal Corporation after the Federal Trade Commission 
cleared the way by approving for public comment the consent agreement 
governing the merger.
http://199.97.97.163/IMDS%PMANAT0%read%/home/content/users/imds/feeds/comtex/2
001/01/29/pr/0000-4866-.dstfront_05

-TENNESSEE OFFICIALS VIEW CALIFORNIA POWER CRISIS AS OPPORTUNITY FOR GROWTH
As the lights blink on and off in California, economic developers hope the 
Golden State's electricity drought will draw manufacturers to power-plentiful 
Tennessee.
http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/writersd
esk/2001/01/29/eng-powerm-000001/eng-powerm-000001_170658_145_178116061725

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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

PG&E, Edison Up -3: Wts Would Cap Hldr Upside -Analyst

PRESS RELEASE: Green Mountain Power On Moody's Review-Up

Green Mountain Power Now On Moody's Review-Up Vs Down

PRESS RELEASE: Calif Stranded Bonds Not Affected: S&P

PSEG, Panda JV's 1,000-MW Texas Power Plant On Line

Calif Stranded Bonds Not Affected By Energy Crisis: S&P

PG&E, Edison Intl Up-2: Bankruptcy Threat Lower -Analyst

PG&E, Edison Intl Shrs Up On Calif. Lawmaker Plan >EIX

Cantabrico Says Bidding Process "Positive" >E.HIC

AES To Purchase Remaining 4.3% Of GenerChile For $59.7M

US Weather: Severe Storms Expected In South; Plains Snow

TXU Europe/Servista -2: Servista Sees 1H Germany Launch

RWE/Cantabrico -2: RWE Declines Comment On Counter-Bid

RTE/Awards/Contracts -3: Enron, Endesa, TXU, EDF Bid

RTE/Awards/Contracts -2: 1-Yr Allotments To Be Auctioned

RTE To Auction 850 MW Remainder In Annual Auction Feb. 12

RTE Awards 3-Yr Contracts For France-To-UK Elec Capacity

RTE Allocates A Total Of 650 MW To Two Companies

RWE Criticizes Hostile Bid For Cantabrico - Report

TXU Europe Unit In Servista.com Energy Supply Deal

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

Bush Sets Up Energy Task Force

California Continues Power Alerts

El Paso Energy Completes Merger with Coastal, Creating The World's Leading 
Natural Gas Company

Enbridge, Ontario Power Generation And Atomic Energy of Canada Limited Help 
Launch Major Environmental Initiative in Toronto, Peterborough And Mississauga

Management`S Discussions: 10-K, Massey Energy CO 2 of 3

Management`S Discussions: 10-K, Massey Energy CO 1 of 3

-Tennessee Officials View California Power Crisis as Opportunity for Growth

Sierra Pacific, Nevada Power Offer Emergency Plan to Assure Reliable, 
Reasonably Priced Electricity for Nevadans

Penn Virginia Announces Additional Natural Gas Hedges for 2001

1000 Mw Guadalupe Power Plant Begins Commercial Operations; Plant Constructed 
in under 18 Months

Hawaii's Largest Electric Utility Powers Up with Vignette; Hawaiian Electric 
CO. Enables Customers to Manage Accounts Online with Vignette Technology

Santa Fe International Corporation to Present at Energy Conference

Bridge Update-Commodities: Energy Leads Markets Into Tailspin

Enterprise Acquires Interests in Natural Gas Pipelines

Environmental Excesses Have Us Starved for Power

El Paso Energy Announces New Board of Directors

Cypress Energy Inc. Enters Into Letter of Intent to Acquire Ranchero Energy 
Inc.

Advisory/Resource: California Energy Crisis And Energy Alternatives; Grid 
Survey Report Provides Overview of Alternative on-Site
Energy Sources, Implications of Deregulation

Remarks by the President at Energy Policy Meeting Jan. 29

Electrical Poker Game Begins

Parks Fueled by Green Energy

Online Auction Powers California Energy Recovery

Northwest Bailing Out Power Hogs

Emergency Power Systems

A Few Reminders About Power Factor Improvement

Forming a New Power

New York Could Experience California-Type Energy ShortagesIndustry Expert 
Says Similar Policies Could Leave the State Short on Electricity

Repeats: Energy Volume And Open Interest Totals-Jan 29

Utility Companies Weather Winter Storms

Nem Adopts National Energy Technology Policy

Pemex Targets Major Increase in Natural Gas Production to Meet Soaring 
Domestic Demand

Access Tool AIDS Seasonal Power Clean-Up

Mexico's Natural Gas Pricing Crisis: Will Confrontation Lead to Policy 
Liberalization?

Jefferies Upgrades Reliant Energy to Buy from Accum (Rei)

Bush appoints task force on California crisis, broader energy issues

Mount Dakota/Sovereign Chief Ventures Letter of Intent Signed for Five Well 
Natural Gas Project

New Carb Ruling on Electric Vehicles Boosts Stuart Energy's Hydrogen 
Infrastructure Initiatives-- California Maintains Requirement for Automakers 
to Sell Electric Vehicles by 2003 --

Processors Lament Unstable Power

Bush Directs Energy Plan

Energy Update/Los Angeles Department of Water And Power Issues Daily Energy 
Update for Monday, Jan. 29, 2001

Energy Company Will Invest $6 Billion in Next Four Years

Clean Air Trust: Clean Air And Energy -- the Big Myth And the Reality

Effort to Recover Utility Fees Blocked

Sapient Energy Corp. to Pursue Strategic Alternatives

Northwest May Hire Firm to Help Rein in Energy Costs Low Temperatures And 
High Gas Prices Put Strain on Budget; Firm Helped Other School Districts

American Power Conversion Integrates with Johnson Controls' Metasys(R) 
Building Automation SystemFacility And Building Managers Can Now Control And 
Proactively Manage Apc Symmetra(R) And Silcon(TM) Power Protection Systems 
Via The Metasys Building Automation System

Enbridge Inc. Takes Steps to Minimize Impact of Rising Natural Gas Prices

Albertson's Expands Conservation Effort Power Use, Too Regulators Urge Other 
Idaho Firms to Follow Example

President Extends Orders Ensuring Power to California Power Crunch

Plugging Green Power

Beacon Power's Flywheel Energy Technology Used by San Diego Gas & Electric

Convergent Group And Imedeon Form Strategic Alliance to Offer Wireless, 
Web-Based Utility Business Solutions

Enermetrix Raises $35.5m in Private Equity; Company Geared to Fuel Growth And 
Deliver New Solutions to Volatile Energy Markets

Telemetrix Begins Trials with City of Holland, MichiganTelemetrix Wireless 
T3000 E-Telemetry Data(TM) System to Be Tested on City of Holland Electrical 
Meters.

Lodestar Corporation Receives Approximately $29 Million Investment from 
Ocm/Gfi Power Opportunities Fund, L.P.

Energy And Biotech Ipos on Tap

Energy Bills Climb Higher with User Tax / PG&E Customers Face Double Whammy

Seabrook Nuclear Power Station Selects Maximo(R)Maximo to Play Key Role in 
Seabrook's World Class Performance Initiative

Feature/Home Grown? U.S. Consumers Show Increasing Interest in Generating 
Their Own ElectricityNew National Consumer Survey Finds Higher Home Power 
Use, Environmental Values & Desire for Independence; Threat of California 
Blackouts May Be "Defining Moment" for New on-Site Power Generation Technologi

Calif. Remains under Power Alert

Higher Electric Bills Related to Cold Weather Snap

Power Plant Sparks a Border Battle Coweta Residents in Court Today Trying to 
Stop Facility Being Built in Nearby Heard.

Letters: Look Into Facts About `Shortage' of Natural Gas

Natural Gas Companies Can't Handle Rash of Calls

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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

DAVOS EU's de Palacio sees Russia energy link improving supply security

Minister: Hydro Concessions Freeze Lost US$1.5bn Investments - Peru

Generation Increases 4.1% in 2000 - Chile

Enersul to Develop 485.5mw in Small-scale Hydro - Brazil

OSC Re Equatorial Energy Exemptive Relief Applications

Erosion of A High-Carbon Steel in Coal And Bottom-Ash Slurries

World Energy Council Names New Chairman

Eastern Energy to Supply Servista

Top Energy Summaries - Monday, January 29, 2001 - 12:26 PM

Design Power, Inc. Announces New Customers for Front-End Plant Design Software

Tyco Electronics: Tyco Electronics Introduces New Highly Efficient And 
Compact Line of 30w-40w Power Modules

Cambridge Energy Corporation Readied Development of Its Donner Field in 
Southeastern Louisiana

Israel to Import Egypt's Natural Gas, Israeli Companies Protest

Top Energy Summaries - Monday, January 29, 2001 - 8:58 Am

Top Energy Summaries - Monday, January 29, 2001 - 7:46 Am

India quake knocks industrial wind out of prosperous Gujarat state

Ues of Russia to Invest in Primorye Coal Industry.

Japan's Kansai Electric to Supply Mitsubishi Heavy with LNG

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

-Tennessee Officials View California Power Crisis as Opportunity for Growth

The Record, Stockton, Calif., Eric Grunder Column

California Commission Suspends Fines for `Interruptible' Power Usage

The Philadelphia Inquirer Andrew Cassel Column

California Governor Favors Financing Interest in Utilities

Plano, Texas, Official Pitches City's Energy Supply to California Firms

California Groups Seek to Assign Blame for Energy Crisis

Economists See Rate Hikes from California Utilities

Water Costs Trickle to Ontario, Calif.-Area Customers

Retired Corona, Calif., Power Exec Remains in High Demand

Opinion: Small Business Foots Bill for California Power Mistakes

The Business Press, Ontario, Calif., Inland Empire Focus Column

Belleville, Ill.-Area Small Businesses Raise Prices to Cover Natural Gas Bills

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

Northern Alternative to buy 12 units from Pratt/Whitney

El Paso names board following Coastal approval

Enron claims first commodity data storage deal

Kharafi group wins $390mln Kuwait BOT sewage plant

W.House energy talks break no new ground on Calif.

Bush to spotlight faith-based groups, power crisis

UPDATE 1-California utility shares steady,trade slows

WRAPUP 1-Calif. under power alert as Bush meets advisers

El Paso Energy gets antitrust okay in Coastal deal

Enron considers developing Bahamas terminal - WSJ

Saudi Alujain plans $425 mln iso-octane project

El Paso says owed $50 mln by Calif. utilities

German RWE's Biblis A nuclear plant back on stream

California utility shares rise after upgrade

Duke, KeySpan propose Conn.-N.Y. gas pipeline

1,000-MW gas power plant begins operation in Texas

UPDATE 1-FERC orders Calif PX to enforce power cap

El Paso Q4 earnings jump with higher gas prices

FERC orders Calif PX to enforce power price cap

Canada spot natgas weakens on seasonal weather

UPDATE 1-El Paso earnings soar on unregulated-businesses boost

Taiwan anti-nuclear protester sets himself on fire

Indian nuclear power plant withstands quake

INTERVIEW-Spain's Rato says mulling giant power merger plan

US AES launches tender for rest of Chile Gener

PPL files shelf with SEC for $800 mln in debt, equity

AES fourth-quarter earnings rise sharply

RESEACH ALERT - PG&E, Edison International raised

*********************************************************
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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Where to go when you're looking for:
Billing Systems, Brokers, Call Centers, Coal Marketers, Computers &
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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/

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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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