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

Top Stories (January 16)

SOUTHERN CALIFORNIA EDISON SUSPENDS PAYMENTS ON NOTES DUE TUESDAY
Southern California Edison, a subsidiary of Edison International (EIX), said 
it will be out of cash on Feb. 2 based on its current cash flow forecast, 
according to a Form 8-K filed Tuesday with the Securities and Exchange 
Commission. , Southern California Edison had cash reserves of about $1.2 
billion, according to the filing.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/
01/16/eng-djn/eng-djn_112025_250_696748960763

LONG-TERM CONTRACTS EMERGE AS POSSIBLE SOLUTION TO CALIFORNIA POWER CRISIS
Long-term contracts have emerged as a consensus solution for California's 
broken energy market and as a way to return the state's two largest utilities 
to financial solvency.
http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri
dder/2001/01/16/krtbn/0000-0238-OC-POWER-CRISIS

TENNESSEE VALLEY AUTHORITY TRADES DEBT REDUCTION FOR RELIABILITY
The Silicon Valley may be caught short of electricity, but the Tennessee 
Valley should have plenty of comparatively cheap power this year, TVA 
officials said Monday.
http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri
dder/2001/01/16/krtbn/0000-0366-TN-ELECTRICITY

ILLINOIS HOPES TO AVOID CALIFORNIA POWER WOES
Electricity deregulation has become a dirty term in some circles, as 
California has plunged into a megawatt crisis that threatens that state's 
economy.
http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri
dder/2001/01/16/krtbn/0000-0362-TB-POWER

UTAH NATURAL GAS UTILITY GIANT HELPS LAWMAKER REVISE CONTROVERSIAL LAW
When Utah lawmakers finally glimpse the promised revision of the 
controversial House Bill 320, Questar Corp.'s fingerprints once again will be 
all over it.
http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri
dder/2001/01/16/krtbn/0000-0346-ST-UTILITY-LAW

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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

US Eastern Power Forwards Mixed In Thin Daily Trading

Spain's BSCH/Venezuelan Telecom -3: Auction Continues Wed

Edison International Sr Unsec Cut To C By S&P >EIX

Calif Bill-2: 6-Yr Limit On Deals Sought;Passage Unclear

PRESS RELEASE: SoCal Edison, Edison Intl Lowered: Fitch

NB Power, Atomic Energy To Work Together On Point Lepreau

Calif Bill To Authorize State Pwr Purchases At 5.5C/KWH

Southern Calif Edison, Edison Intl Downgraded: Fitch

Calif. Assembly/Energy -2: Considering Power Contracts

PRESS RELEASE: S&P Cuts PG&E Corp Corporate Credit To CC

PRESS RELEASE: SoCal Edison, Edison Intl Lowered: Moody's

Venezuela Labor Min: No Reason Yet For Layoffs Freeze

Edison Intl Sr Unsec Lowered To Caa3 By Moody's

SoCal Edison Sr Unsec Lowered To Caa2 By Moody's

Bank of Amer/4Q Call-2: Bad Loans Could Hit $3B In '01

Calif Pwr Suppliers Wait On Legislative Action Tues

MBIA/So Cal Edison -2: Sees Liquidity Issues Resolved

MBIA Direct Net Par Exposure To So Cal Ed $445M Dec 31

MBIA Direct Net Par Exposure To Pacific Gas $590M >MBI

MBIA Didn't Insure Suspended Payments By So Cal Edison

PRESS RELEASE: Utilities Grab Spotlight In 2001 - S&P

Utilities Grab Spotlight In 2001, S&P Reports

Bank Of Amer: Assuming Higher Consumer Losses Too >BAC

Bank Of America Sees Modest Loan Growth In 2001 >BAC

Bank Of Amer Sees 2001 Syndication Fees Flat With '00

N.H. Supreme Court/PSNH -2: Seen "Just And Reasonable"

Utilities Sector Still Valuable, Prudential's Kiefer Says

So. Calif. Edison Suspends Payments On Notes Due Tues

So. Calif. Edison To Postpone Releasing 4Q Results >EIX

Telecom Italia Entel Chile Leading In Venezuela WLL Bids

Innogy/Eastern Lease -2: Deal Enables TXU To Buy Freehold

Innogy To Book GBP250 Mln Exceptional Pft For Fin Year

Innogy Restructures Eastern Lease Agreement With TXU

EdF, EnbW Talks "Heading In Right Direction" -EU Official

REPEAT: Taiwan To OK Pwr Projs Despite Nuclear Plant Rule

Taiwan Power: Talks Started On Nuclear Plant Contracts

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

California Energy Crisis Hits UCLA Community-(U. California-Los Angeles)

Clayton Williams Energy Announces South Louisiana Results

Ryan: Suspending Natural Gas Tax 'Not the Answer'

Idacorp Sells Solar Company to Schott Corporation

Top Energy Summaries - Tuesday, January 16, 2001 - 5:29 PM

DOE Offers Efficiency Strategies to Soothe Western Energy Woes

Energy Crisis Affects Snake River Dam Proposal

Mexican Senate Seeks Right to Establish Natural Gas Price

Cemex Energy Program Saves Company from Natural Gas Hikes

Les Echos: Schneider And Legrand Merge in Order to Create A World-Leader on 
The Market for Low-Tension Electrical Equipment(Schneider ET Legrand 
Fusionnent Pour Creer Le Numero UN Mondial De LA Basse Tension)

Power Plant Construction Starts on Georgian Black Sea Coast.

Rewrite for Utility Bill? Or Repeal?

Energy Letter Erred

Western Power Woes Dim National Future of Deregulation

Massey Energy Company Announces Annual Shareholders Meeting And Quarterly 
Dividend

S&P Lowers Pacific Gas & Electric Rating to 'Cc'

Teledyne Technologies Ships Its First Pem Fuel Cell Stacks

Calif. ISO Says Not Enough Power for Peak Demand This Evening

Fuel Cell Technologies Readies for Manufacturing And Production

Record Generation, License Renewal Top List of Successes; Calvert Cliffs 
Nuclear Power Plant Wraps Up Banner Year

Fuel Costs Putting the Pinch on Farmers Again -- Nitrogen Fertilizer in Short 
Supply Due to Natural Gas Costs

State Panel to Explore Utility Tree-Trim Squabbles

Williams Bio-Energy Forms Alliance with Three Companies to Market Ethanol

Navitas Energy, Xcel Energy Sign Unique 650 Megawatt Power Deal

Repeats: Energy Volume And Open Interest Totals-Jan 16

California energy crisis deepens as utility defaults

Winners And Losers in California Utility Crisis

Top Energy Summaries - Tuesday, January 16, 2001 - 2:18 PM

Schneider Electric long term 'A2' senior debt rating confirmed by Moody's

Duke Energy's Market Hub Partners Announces Expansion of Natural Gas Storage 
Facility in Louisiana

Pfc Energy 50 Firms Outpace the Market; Develop New Business Models for 
Success

Experts Note Breakthroughs to Fuel Cell Commercialization

U.S. govt bonds up midday in New York on utility bond defaults, Imperial Sugar

Utility Bills Soaring Across Nation Focus May Be on California, But Many 
States See Troubles

Energy Secretary to Visit Boise Monday He Plans to Discuss Alternatives to 
Storing Radioactive Waste

Facts About PSE and Energy

Chesapeake Energy Corporation Completes Acquisition of Gothic Energy 
Corporation

National Mining Association Releases Coal Industry Forecast; Record Levels 
Seen for U.S. Coal Consumption

Energy Update/Los Angeles Department of Water And Power Daily Energy Update 
for Tuesday, Jan. 16, 2001

/C O R R E C T I O N -- Consol Energy Inc./in Phm006, Organization Profile: 
Consol Energy Inc. (NYSE: Cnx), Moved Yesterday, Jan. 15, We Are Advised by 
The Company That The Media Contact Should Read "Thomas F. Hoffman of Consol 
Energy, 412-831-4060" Rather Than "Joyce Stewart of Consol Energy, 412-8

Delaney Energy Announces Director Appointment

Stage Three Electrical Emergency Declared; Rotating Blackouts Not Required at 
This Time; Teleconference at 10:30 A.M.

Consol Energy Forms Land Company Subsidiary; Cnx Land Resources Will Develop 
Company's Property

Top Energy Summaries - Tuesday, January 16, 2001 - 11:54 Am

American Energy Services Signs Representation Agreement with Green Oasis 
Environmental

South Jersey Industries Inks Landmark Agreement with Borgata for Energy 
Services

Power's Flat-Rate Era Fades: Peak-demand Power May Cost PSE Customers More

Competitive Energy Markets Fuel Growth; Energy Services Group Currently in 
Production with Over Sixty Trading Partners

Power Company Threatens Lawsuit Against Calif. Providers

So. Calif. Edison Suspends Notes, Power Exchange Payments

Top Energy Summaries - Tuesday, January 16, 2001 - 9:17 Am

Petroquest Energy Announces Year-End Production Exit Rate And Operations 
Update

Peregrine Systems(R) Selected by Texaco to Power E-Commerce Initiatives As 
Application Service ProviderPeregrine's Asp Offering to Streamline Electronic 
Purchasing, Drive Improved Resource Allocation for Global Energy Giant

Only 54% of Californians Feel That There Is An Energy Crisis

Intergraph's Geospatial Resource Management Solution Extends Mobile 
Operations at Florida Power Corporation; 225 Inservice

Mobile Data Seats Roll Out for Outage Management

Apf Energy Trust Files Prospectus for New Issue

Insite Services And Aep Sign Contract for Outsourced Billing Services in 
Deregulated Energy Markets

Top Energy Summaries - Tuesday, January 16, 2001 - 7:35 Am

Davis to Seek State Role in Energy Pricing / Another Stage 2 Alert Declared 
This Morning

Plant Power Costs Cut by New Motor Controller

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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

Simon Fraser U. Switches to Diesel Fuel to Cut Soaring Energy Costs-(Simon 
Fraser U.)

Westcoast Energy sells all Natural Gas Exchange shares to OM Gruppen

Greentech Energy Systems Invests in Wind Energy in Greece

Japan's Power Demand Scores Record High on Monday Evening

Competition Seeps Into Japanese Energy Sector

Asahi Chemical to Begin Power Wholesale in Spring

Development-China: Solar Power Lights Up Mountainous Areas

Hydro Dam Very Unlikely

Petrobras Awards Fmc Energy Systems Contract for 13 Deepwater Subsea Systems

Pace International Union Says Government Approval of Enriched Uranium Imports 
from Russia Will Jeopardize The Sole
Remaining Uranium Enrichment Plant in The U.S.Will Lead to Dangerous 
Dependence on Foreign Energy Supplies by 2003 And Contradict Congressional 
Intent

Westcoast Energy Inc. Sells Remaining Interest in Ngx to Om Group

Wellspring Solutions Inc. And Kse Announce Completion of Next Generation 
Automated Feed Processing Facility; Strategic Alliance Doubles Production 
Capacity for Feed Producer

DaimlerChrysler, Ballard deny report of Mitsubishi Motors fuel cell deal

Agreement Signed on Investment in Upgrade Yunnan Power

Huge Coal Mine Put Into Operation

Trinity Energy to invest 400 million dollars in Uzbekistan

Babcock Borsig wins 409-mln-euro power plant contract in Abu Dhabi

Nuclear Power Plant Firm Says New Plants Ok for Environment

China plans radical shakeup of coal industry

Adb Procurement - Pakistan, Power

Singapore Considers 2nd Natural Gas Import Pjt from Indonesia

Cold Weather Puts Strain on S Korea's Heating Energy Supply

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

Tennessee Valley Authority Trades Debt Reduction for Reliability

Illinois Hopes to Avoid California Power Woes

Utah Natural Gas Utility Giant Helps Lawmaker Revise Controversial Law

Municipal Utilities Allow Lodi, Calif., Other Cities to See Lower Power Costs

California Governor Promises Statewide Power Consumption Cutback

Experts Say Oregon Semiconductor Industry Could Reduce Power Consumption

Bush Administration May Scrutinize Role of Portland, Ore., Hydropower Agency

Portland, Ore.-Based Utility to Buy, Sell Wind Farm Electricity

Orlando, Fla.-Area Power Bills Increase As Much As 100 Percent

Utah Utility Announces Details of Rate Increase Request

Long-Term Contracts Emerge As Possible Solution to California Power Crisis

California Leaders Pledge Legislation to Buy Electricity Immediately

California Averts Blackouts Through Conservation, Power Transfers

California Considers Forming Public Power Authority

Txu Chief Offers Optimistic Outlook on Texas Electricity Deregulation

Illinois Natural Gas Costs to Continue Rising

Onslaught of Calls Continues at Amarillo, Texas-Area Gas Company

Edgewood, N.M.-Area Residents Cope with Rising Propane Costs

Akron Beacon Journal, Ohio, Diane Evans Column

Augusta, GA., Firm to Cut Production, Workers Due to Natural Gas Shortage

Redfield, S.D., School District Faces 100-Percent Increase in Natural-Gas Bill

San Jose Mercury News, Calif., James J. Mitchell Column

Consumers Fail to Make Efforts to Conserve Energy

Sister Company of California Utility Reassures Its Rhode Island Employees

Pittsburgh-Area Businesses, Families Cope with Higher Natural Gas Prices

The Modesto Bee, Calif., Consumer Focus Column

California Power Crisis Raises Concern for New Jersey Deregulation

The Record, Hackensack, N.J., Your Money's Worth Column

Rosemead, Calif., Utility Firm Halts Contribution to Business Gathering

San Bernardino County, Calif., Water District May Tap Aquifer

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

PS New Hampshire sees March debt sale, April rate cut

Germany may appoint gas, power regulator-minister

WRAPUP 2-Citigroup's profits rise, Bank of America's slide

UPDATE 2-California woes weigh on utilities

UPDATE 5-Edison misses payments, Calif utility ratings cut

UPDATE 4-Edison misses payments, Calif utility ratings cut

S&P to issue statement on SoCal Edison Tuesday

Cal utility crisis to impact other utilities--S&P

UPDATE 1-Calif. ISO sees power emergency easing Tues.

WRAPUP 2-California on power alert, utility woes mount

Canada natgas spot prices flat; terms down with U.S.

UPDATE 1-EU to draft law on power trade tariffs

San Diego Gas & Electric cuts natgas to power plants

UPDATE 1-Nigeria suspends airport officials over power cut

Toronto stocks lower at midday, awaiting earnings

Japan Hot Stocks-Toyota, Ryohin Keikaku

Innogy, TXU agree early end to power station lease

MBIA, Ambac have no exposure to SoCal Edison notes

Wall Street unsure if it's time to buy hammered utilities

United Utilities buys stake in Estonian firm

S&P cuts SoCal Edison and parent to low junk status

Moody's cuts SoCal Edison, Edison Int'l to junk

Germany may appoint gas, power regulator-minister

Turkey unveils treasury-guaranteed energy projects

UK's fast Internet plans suffer fresh setbacks

Fitch reviewing SoCal Edison default

UPDATE 3-Salvadorans bury quake victims, death toll to 666

White House says up to Calif to solve power crisis

EU law needed on Europe power trade rules-Palacio

German govt, industry at odds over ``dirty power''

Dynegy says may push Calif. utilities into bankruptcy

Taiwan nuclear row might explode despite ruling

SoCal Edison in default, delays $596 mln payments

FirstEnergy earnings up 4 pct on power sales

Salvador quake homeless crowd refugee centers

PG&E says credit downgrades will hurt gas purchases

UPDATE 1-White House says up to Calif to solve power crisis

INTERVIEW-Moody's cuts SoCal Ed to junk,may see others

Moody's affirms Schneider, ups Legrand ratings

Argentina's Buenos Aires province in water brawl

ANALYSIS-Market forces on trial in US power, UK rail crises

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