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

Top Stories (January 5)

CALIFORNIA GOVERNOR, FEDERAL GOVERNMENT TOUGHEN STANCES ON POWER COSTS
Positions hardened Tuesday in a standoff between Gov. Gray Davis and the 
nation's top regulator of electricity over how to fix California's power 
crisis.
http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri
dder/2001/01/05/krtbn/0000-0117-ES-POWER-COST

CALIFORNIA LAWMAKER INTRODUCES BILL TO EXTEND ELECTRIC RATE FREEZE
A California state assemblyman has introduced legislation that calls for a 
two-year extension of the retail electricity rate freeze for customers of 
Pacific Gas & Electric and Southern California Edison, and would allow the 
utilities to continue to collect an existing 10% surcharge from ratepayers to 
finance wholesale power costs.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/
01/05/eng-djn/eng-djn_230029_47_7276272792369

CALIFORNIA ELECTRICITY CRISIS SENDS JOLT TO BANK LENDERS
The California electricity crisis is beginning to extend far beyond the 
state's borders.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/
01/05/eng-djn/eng-djn_184038_125_061786614824

ALLEGHENY ENERGY SUBSIDIARY TO CONSTRUCT $400-MILLION POWER PLANT IN INDIANA 
- 630-MW MERCHANT FACILITY TO BE BUILT IN STAGES BEGINNING IN 2002
Allegheny Energy, Inc., announced today that its unregulated generation 
subsidiary, Allegheny Energy Supply Company, LLC, plans to construct a 
630-megawatt (MW) natural gas-fired merchant generating facility in St. 
Joseph County, Ind., approximately 10 miles west of South Bend.
http://199.97.97.163/IMDS%PMANAT0%read%/home/content/users/imds/feeds/comtex/2
001/01/05/bw/0000-1898-md-allegheny-energy

NORTH CAROLINA COMMISSION TO ABANDON PLAN TO DEREGULATE STATE'S POWER MARKET
Prospects of a deregulated power market coming to North Carolina anytime soon 
were dimmed Thursday by a state panel concerned about California's 
deregulation horrors.
http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri
dder/2001/01/05/krtbn/0000-0339-RA-ELECTRICITY

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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

Calif Lawmaker Introduces Bill To Extend Elec Rate Freeze

So Cal Ed -3: Will Still Pay Preferred Stock Dividends

Alcoa/Wash. Smelters -2:Cites Rising Electricity Costs>AA

SoCal Ed Job Cuts -3: 600 Jobs Mgmt; 800 Temp, Contract

SoCal Ed Says 1,450 Jobs Cut Friday; 1,850 Total Cut

US House Chmn Criticizes Gov, Clinton On Calif Power Woes

Alcoa: No Immediate Layoffs At Either Location >AA

SoCal Ed Job Cuts -2: 700 Of 1,400 Jobs Cut In Recent Wks

Alcoa: Production At Facilities To Fall By 150,000 MTPY

Alcoa To Adjust Delivery To Smelters In Washington

Alcoa To Adjust Delivery Of Electricity To Smelters

Green Mtn Power Sees Continuing Mediation With Elec Union

NAM Suspects Gas Pains Pinching Manufacturing Sector

Hope For Calif. -2: Long-Term Fixes Needed For Power Mkt

S&P Awaiting Political Solution On California Utilities

SoCal Ed Job Cut To Affect Non-Permanent Workers -Source

Venezuela Wireless License Auction Resumes; No New Bids

CORRECT:So Calif Ed Dec Rev $750M Below Costs, Not $750

So Calif Edison Says Dec Rev $750M Below Power Costs

So Calif Edison: Calif Prices 'Unconscionably High'

So Calif Edison Disappointed With Appeals Court Ruling

So Calif Edison: Court Denied Writ Of Mandamus Petition

Detroit Edision Gets Mich. OK That Enables 5% Rate Cut

RPT: Detroit Edison Gets Mich OK That Enables 5% Rate Cut

So Cal Ed No Longer Purchasing Through Cal PX

Detroit Edison Gets Mich. OK For $1.77B Securitization

California Electricity Crisis Sends Jolt To Bank Lenders

PG&E/Credit -3: Believes It Can't Issue Comml Paper

Summers To Attend Meeting On California Power Woes

PG&E/Credit Facility -2: Has 90 Days To Raise Rating

PG&E Has 90 Days To Raise Rating Or Will Be In Default

PG&E Downgrade Triggers Cure Period On Credit Line

CORRECTION: `C` Rating Signals Default A Real Possibility

PRESS RELEASE: Caithness Coso Funding On Fitch Watch-Neg

Caithness Coso Funding Put On Fitch Watch-Negative

Moody's Downgrade Buys Time For Calif. Utilities

Bank Of Amer -4: Calif. Utilities Likely Prompted Rumors

US Mulls Revising Nuclear Power Pact With N Korea- Nikkei

Sen. Schumer Joins In Demanding Con Ed Shut Indian Pt 2

PRESS RELEASE: Pacific Gas & Elec Cut By S&P On Watch-Dn

Bank Of America Resumes Trading; Down 4.9% >BAC

PRESS RELEASE: Edison International Downgraded By Moody's

Bank Of America: Conducting 'Business As Usual' >BAC

PRESS RELEASE: PG&E Corp, Pac Gas & Elec Lowered: Moody's

Bank Of America Not Immediately Available For Comment

Bank Of America Dn 8% On Talk Of More Credit Problems

Bank Of America: No Big Trading Or Derivative Losses>BAC

Bank Of America: Comfortable With '01 Credit Guidance

Southern California Edison Downgraded By Moody's

Bank Of America -2: Trading Still Halted On Stock >BAC

Bank Of America: 'No Basis To Support Rumors' >BAC

PRESS RELEASE: Edison Funding Sr Debt Downgraded: Fitch

Edison Funding Senior Debt Downgraded To CCC: Fitch

SCE&G:1,000-MW Summer Restart Postponed To Mid-Late Jan

Allegheny Energy Unit To Build $400M Power Plant In Ind.

US Weather: Snow In Northeast, Rain In Pacific Northwest

Lawmaker Expected To Unveil Bond Bill To Aid Calif Utils

REPEAT&CORRECT: Calif PUC OKs 1C/KWH Rate Hike For Utils

Summit Meeting On Calif Power Crisis Seen Next Week

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 Power Crisis Deepens

Preferred Issues: Energy Woes In Golden State May Zap Banks

S&P Comments on Calif. Public Utility Commission Action

Alcoa Adjusts Power Delivery to Its Two Smelters in The Pacific Northwest, 
Cuts Production

Precipitation helps energy crunch in U. Washington area-(U. Washington)
CP&L Nuclear Plants Set Seventh-Consecutive Generation Record in 2000

Clinton's 'Environmental Legacy' Leaves Behind Legacy of Energy Problems 
According to The National Mining AssociationRoadless Proposal Denies Access 
to Known Energy Resources

California Utility Woes Seen Sending Jolt to Banks' Loan...

Carbon Energy Corporation Closes Sale of San Juan Basin Natural Gas Property

Mdu Resources Announces the Acquisition of Capital Electric Companies

Piedmont Natural Gas Forecasts High Heating Bills in January

Explosion Cuts Power

Azcentral.com - Calif. Utility Shares Hold Slight Gains

Fitch Places Juniper Generation Llc on Rating Watch Negative

Pacific Gas & Electric-related Calif bonds ratings cut - S&P

STOCKWATCH Bank of America lower on concerns over California utility debt

Fitch Places CE Generation Llc on Rating Watch Negative

Top Energy Summaries - Friday, January 05, 2001 - 2:11 PM

Thermal Energy Storage Helps Cut Energy Bills

Energy Panelurges Gradualderegulation

New Comprehensive Energy Management Program Helps Fight Heat Cost Hike

Repeats: Energy Volume And Open Interest Totals-Jan 5

Energy Update/Los Angeles Department of Water And Power Daily Energy Update 
for Friday, Jan. 5, 2001:

Top Energy Summaries - Friday, January 05, 2001 - 12:04 PM

Investors' Alert Announces Investment Opinion on Energy Search Inc.

S&P Lowers Pacific Gas/Electric, CA Related Issues to BBB-

New York And New Jersey Have Highest Natural Gas Prices Nationwide, According 
to Platts

Utility Partners Wraps Up 2000

Fuel Cell V.P. Files Form 144, to Sell Shares

US Calif Puc Okays Expected Interim Utility Rate Hike

AG Requests Power-Deregulation Delay

Statoil Plans to Expand Into Other Energy Sectors

U.S. Energy Corp. And Crested Corp. Receive $1.625 Million in Cash from 
Kennecott under Terms of Previously Announced Agreement

Smud Gets Low on Hydro: Rates Could Increase If Dry Spell Continues

Roll Coater Initiates Temporary Surcharge in Response to Natural Gas Price 
Hike

Seventh Energy Ltd. Completes Flow Through Financing

Helios Energy Gets Patent Approval

Top Energy Summaries - Friday, January 05, 2001 - 9:24 Am

Seventh Energy Ltd - Completes Flow Through Financing

Allegheny Energy Subsidiary to Construct $400-Million Power Plant in Indiana 
- 630-Mw Merchant Facility to Be Built in Stages Beginning in 2002

Azcentral.com - Post: Clinton Seeks Calif. Power Meeting

Electric Fuel Set to Ship Instant Power(TM) Charger for Cellphones - The 
First Product That Instantly Revives Dead Cellphones without Electricity

US Press: White House Calls Summit on California Power Crisis

Tiger Natural Gas, Inc. Selects Ensite Safari Suite Software

Top Energy Summaries - Friday, January 05, 2001 - 7:38 Am

Does Cupertino Electric Have the Power?

When the Going Gets Tough, Energy Policies Get Attention

Energy Emergency Eases

Natural Gas Prices Shoot Up Georgia Rates Giving Consumers the Chills

N.C.'s Electric Utility Deregulation Committee Has Tar on Its Heels

Narragansett Electric Zaps Biggest Users

Our Views: Power; Air Pollution Is a Problem, But So Is Freezing in the Dark

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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

Energy-Cuba: the Dream of Self-Sufficiency

Pemex Hikes Natural Gas to 9.65 Dollars Per Million Btus

Department of Energy Secretary of Energy Advisory Board

Top Energy Summaries - Friday, January 05, 2001 - 4:52 PM

WORK BEGUN TO REPAIR ELECTRICAL TOWERS DESTROYED BY FARC

Brazil: Celpe Invests in Electric Power Services

Brazil: Mpe to Construct Thermal Electric Facility to Petrobras

Stuart Energy Systems Corp - Receives Additional Orders for Packaged Hydrogen 
Generators

Consol Energy Completes Canadian Acquisition

Daytona Energy Corp - Farmout of Petroleum Exploration Permit Ep412 - 
Carnarvon Basin, - Australia

Power Firms to Up Inspection of Spent Nuclear Fuel Containers

Rolls-Royce wins 10 mln usd power generation contracts in Spain, Bangladesh

Vietnam eyes late January for 1 billion dollars in power plants

Malaysian Power Supply Market Must Be Managed: Tnb

China: Foreign Investors Keen on Energy Projects

Rolls-Royce Wins $10m Power Contracts

China's Shandong Coal Mine Goes Into Production

Enterprise unit wins 3 mln stg/yr, 3-yr cable contract with Northern Electric

Lucrative Power Play May Bring Pollution Back Home

Clp Makes $832m China Power Play

Natural Gas Market Crisis

Matsushita Electric Works Develops New Garbage Processor

Huaneng Power Generation Rate Up 16.7pct in 2000

CLP secures approval to buy stakes in 3 China power stations for 888 mln yuan

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

Soaring Heating Costs Prompt Officials to Review Illinois Utilities' Purchases

Chicago Tribune David Greising Column

US West Retirees Say Broadband Internet Company Withheld Benefit Information

California Regulators Grill Electric Utility; Activists Oppose Big Rate Hike

Utilities Condemn Emergency Rate Hike Plan in California

Parent of Raleigh, N.C.-Based Power Company CP&L Shops Two Units

North Carolina Commission to Abandon Plan to Deregulate State's Power Market

Tribe Takes Plunge Into Operating Southern Oregon Utility

Pending Power Grab Has Utilities Shuffling in Kennewick, Wash., Area

Northwest Power Officials Keep Close Guard of Hot Commodity

Philadelphia Gas Works to Ask Utility Panel for $65 Million Base Rate Raise

The Orange County Register, Calif., Jonathan Lansner Column

Consumer Advocates Doubt a California `Ratepayer Revolt' Over Energy Prices

Orange County, Calif., Businesses Prepare for More Energy Rate Hikes

Public to Scrutinize Fuel-Rod Disappearance at Connecticut Nuclear Plant

Small Connecticut Companies Struggle to Fill Job Positions

Wausau, Wis.-Duluth, Minn. Power Line Plan to Get Technical Hearing

Member of Texas Utility Commission Departs for Bush Advisory Team

Eugene, Ore., Power Company Plans to Raise Electricity Rates

California Governor, Federal Government Toughen Stances on Power Costs

Coal Shipments from Superior, Wis., Terminal Increase Again

Colorado Watchdog Group Asks to Delay Proposed Natural Gas Rate Hikes

Storms Are Brewing Over Incoming Energy Secretary

Environmental Group Drops Opposition to Athens, N.Y., Power Plant

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

01/07/01 Telewest mulls merger with Thus - paper

01/07/01 WRAPUP 1-Officials seek fix for Calif. power crisis

01/07/01 Czech nuclear plant shuts down again after glitch

01/07/01 E.ON declines comment on report it eyeing PowerGen

01/07/01 India asks state to find ways to pay Enron dues

01/07/01 FACTBOX -Key facts about California utilities

01/06/01 Spain's Dragados wants to buy Amper stake-report

01/06/01PowerGen seen as a target for E.ON - paper

01/06/01 CHRONOLOGY-Key developments in California power crisis

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New! Five additional RealVideo-based powerpoint-based presentations, with the 
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ELECTRONIC TRADING. Power is following natural gas to become an 
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of electricity transactions. Kevin Sluder, Vice President, HoustonStreet 
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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 
far been an underwhelming success, but a great deal has been learned, and it 
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MANAGING BILLING. The complex requirements for managing billing and 
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CIS and CRM technology. Energy Retailers must embrace the next evolution of 
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THE INTERNET AND THE VELOCITY FACTOR. Greater price transparency, faster 
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energy markets wrought by the web, and it's just beginning. Implecations of 
the internet for energy markets. E. Russell "Rusty" Braziel, Chairman and 
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