---------------------- Forwarded by Sylvia Hu/Corp/Enron on 07/14/99 08:18 AM 
---------------------------


bhighlig@bna.com on 07/14/99 04:04:16 AM
To: bhighlig@bna.com
cc:  (bcc: Sylvia Hu/Corp/Enron)
Subject: July 14 -- BNA, Inc. Energy Executive Daily



______________________________

ENERGY EXECUTIVE DAILY
Highlights
July 14, 1999
______________________________

ISSN 1522-7561

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HIGHLIGHTS
__________


AMERICAN PETROLEUM INSTITUTE DECLARES ITS OPPOSITION TO
ANTI-DUMPING PETITION

The American Petroleum Institute says it is opposed to an
effort by a coalition of independent American oil producers
to penalize four countries that the coalition  claims are
illegally dumping crude petroleum products on the American
market. API will also supply information to the federal
government in an effort to deny standing to the coalition,
Oklahoma-based Save Domestic Oil Inc. . . . Page

http://pubs.bna.com/ip/BNA/drx.nsf/id/a0a1z8k1c7_


SENATORS SQUARE OFF OVER CAFE FREEZE; GROUP SAYS 28-MPG SUVS
POSSIBLE

For the first time in five years, a congressional battle
could be brewing over the fuel efficiency of sport utility
vehicles and other light trucks, Senate staff and lobbyists
say. In the House, representatives have once again attached
language to a Department of Transportation appropriations
bill (H.R. 2084) that would freeze fuel economy standards at
the current level of 20.7 miles per gallon. . . . Page

http://pubs.bna.com/ip/BNA/drx.nsf/id/a0a1z8p5c4_


ENTERGY OFFER TO BUY PILGRIM PLANT WINS IN FIRST COMPETITIVE
BID FOR NUCLEAR PLANT

New Orleans-based Entergy Nuclear closes a deal under which
it will pay Boston Edison $81 million for the 670-megawatt
Pilgrim nuclear power plant in Plymouth, Mass., the first
successful sale of a nuclear plant by competitive bid in the
nation, according to the two companies. In addition to the
$81 million purchase price for the plant, nuclear fuel and
the plant's 1,600 acre site on Cape Cod Bay, credits of up
to $31 million potentially available on future nuclear
insurance premiums will be transferred from Entergy to
Boston Edison. The companies said the sale includes power
purchase agreements through 2004.  Boston Edison has also
agreed to fully fund the decommissioning trust with $471
million. . . . Page

http://pubs.bna.com/ip/BNA/drx.nsf/id/a0a1z8g9m9_


COURT REJECTS FERC VALUATION OF RESIDUAL OIL SHIPPED ON TAPS

A federal appeals court rejects for the second time the
Federal Energy Regulatory Commission's valuation of heavy
residual fuel oil shipped on the Trans Alaska Pipeline
System and says the commission's decision to apply the
valuation prospectively was an abuse of discretion. The U.S.
Court of Appeals for the District of Columbia Circuit
upholds other challenged aspects of a 1993 FERC order
regarding valuation of distillate oil on TAPS. The FERC
order approved a settlement on valuations that was contested
by Exxon Co. USA and Tesoro Alaska Petroleum Co. . . . Page

http://pubs.bna.com/ip/BNA/drx.nsf/id/a0a1z8m1c4_


WHITE HOUSE WILL LET COURTS DECIDE DISPUTE ON CONTROLLING
TRANSPORTED NOX

The Clinton administration will allow legal appeals to
proceed rather than become involved in the effort between
states and the Environmental Protection Agency to reach a
compromise on the issue of transported ozone pollution, the
White House tells three governors. The administration was
asked in an April 1 letter to intervene in the standoff
between EPA and Midwestern and Southern states to reduce the
transport of nitrogen oxides to upwind states. . . . Page

http://pubs.bna.com/ip/BNA/drx.nsf/id/a0a1z8m6g8_


HOUSE MEMBER TO INTRODUCE BILL THAT REPRISES EARLIER CLIMATE
LEGISLATION, SOURCES SAY

A House member from New York is likely to introduce a bill
on global climate change that is largely a reprise of a
Senate bill introduced earlier this year, but which is still
languishing, industry and environmental advocacy sources
tell BNA. The sources say Rep. Rick Lazio (R-N.Y.) will
introduce a bill possibly as soon as July 14 that would
attempt to deal with the issue of voluntary action to reduce
greenhouse gas emissions. . . . Page

http://pubs.bna.com/ip/BNA/drx.nsf/id/a0a1z8p5w8_


FRANCE SAYS ENERGY TAX NEEDED TO REDUCE CONSUMPTION, MEET
KYOTO GOAL

Implementation of a new tax on carbon emissions from
industrial sources is the only way to guarantee that France
meets its international climate change commitments and
reduces overall energy consumption, according to an
inter-ministerial "white paper." The white paper is the
centerpiece of government efforts aimed at convincing
industry to accept the new energy tax, announced earlier
this year and now slated to go into effect Jan. 1, 2001.. .
. Page

http://pubs.bna.com/ip/BNA/drx.nsf/id/a0a1z8h2e8_


JAPAN, CHINA, KOREA JOINT PROJECT TO USE CLEAN DEVELOPMENT
MECHANISM

Japan, Korea, and China are planning a joint greenhouse gas
emission reduction program based on the "clean development
mechanism" approved as part of the Kyoto Protocol on climate
change, program organizers announce. Mitsubishi Research
Institute (MRI) Ltd., organizers of the project, says it
marks the first time that the three countries have reached
an agreement to implement jointly a global warming project.
. . . Page

http://pubs.bna.com/ip/BNA/drx.nsf/id/a0a1z8e5f1_


MUNICIPALITIES IN CONNECTICUT SIGN AGREEMENT TO PARTICIPATE
IN ENERGY PURCHASING  POOL

A coalition of Connecticut cities and towns sign an
agreement with Boston-based National Energy Choice to
establish a purchasing pool through which member
municipalities can buy energy at negotiated rates. The new
purchasing pool--to be known as CCM Energy--will allow
members of the Connecticut Conference of Municipalities
(CCM) to leverage their buying power to purchase electricity
and natural gas at favorable rates. . . . Page

http://pubs.bna.com/ip/BNA/drx.nsf/id/a0a1z8n2e7_


________________

ALSO IN THE NEWS
________________

ELECTRIC POWER: The developer of a billion-dollar
lignite-fired electricity plant says environmental
opposition may force it to scrap the development and seek
compensation from the Thailand government. . . . Page

http://pubs.bna.com/ip/BNA/drx.nsf/id/a0a1z8f2k8_

NATURAL GAS: Canada's National Energy Board says it will
hold a public hearing on the application by Maritimes &
Northeast Pipeline Management Ltd. for the construction and
operation of a natural gas lateral pipeline to Saint John,
New Brunswick. . . . Page

http://pubs.bna.com/ip/BNA/drx.nsf/id/a0a1z7m4e9_

NATURAL GAS: Canadian 88 Energy Corp. will proceed
"expeditiously" with a deep sour gas well that is expected
to open up a natural gas reserve holding of up to 1 trillion
cubic feet, company president Greg Noval says. . . . Page

http://pubs.bna.com/ip/BNA/drx.nsf/id/a0a1z8k0r0_

HAZMAT TRANSPORT: A proposal to raise registration fees for
many hazardous materials transporters is being vigorously
resisted as many small businesses argue that more money is
unnecessary, according to comments received by the Research
and Special Programs Administration. . . . Page

http://pubs.bna.com/ip/BNA/drx.nsf/id/a0a1z8j4m7_

ELECTRIC POWER: The Energy and Utilities Board of Alberta,
Canada, says it has received the final report of a
government-appointed body on the process for completing
deregulation of the province's energy generation industry. .
. . Page

http://pubs.bna.com/ip/BNA/drx.nsf/id/a0a1z8d3n4_




_________________

TABLE OF CONTENTS
_________________

NEWS

AIR POLLUTION
   Senators square off over CAFE freeze; group says 28-mpg
   SUVs possible today . . . Page
   http://pubs.bna.com/ip/BNA/drx.nsf/id/a0a1z8p5c4_

   White House will let courts decide dispute on controlling
   transported NOx . . . Page
   http://pubs.bna.com/ip/BNA/drx.nsf/id/a0a1z8m6g8_

CLIMATE CHANGE
   House member to introduce bill that reprises earlier,
   unsuccessful legislation, sources say . . . Page
   http://pubs.bna.com/ip/BNA/drx.nsf/id/a0a1z8p5w8_

   Japan, China, Korea joint project to use clean
   development mechanism . . . Page
   http://pubs.bna.com/ip/BNA/drx.nsf/id/a0a1z8e5f1_

CONNECTICUT
   Municipalities in state sign agreement to participate in
   energy purchasing pool . . . Page
   http://pubs.bna.com/ip/BNA/drx.nsf/id/a0a1z8n2e7_

ELECTRIC POWER
   Alberta energy regulator receives report on deregulation
   of electricity generation . . . Page
   http://pubs.bna.com/ip/BNA/drx.nsf/id/a0a1z8d3n4_

   Plans for Thai coal-fired power plant threatened by
   environmental concerns . . . Page
   http://pubs.bna.com/ip/BNA/drx.nsf/id/a0a1z8f2k8_

FRANCE
   Government says energy tax needed to reduce consumption,
   meet Kyoto goal . . . Page
   http://pubs.bna.com/ip/BNA/drx.nsf/id/a0a1z8h2e8_

HAZMAT TRANSPORT
   RSPA proposal to raise registration fees called
   unnecessary, inequitable by industry . . . Page
   http://pubs.bna.com/ip/BNA/drx.nsf/id/a0a1z8j4m7_

NATURAL GAS
   Canadian energy board schedules hearing on Maritimes &
   Northeast Pipeline lateral . . . Page
   http://pubs.bna.com/ip/BNA/drx.nsf/id/a0a1z7m4e9_

   Canadian energy company obtains approval for sour gas
   well under strict conditions . . . Page
   http://pubs.bna.com/ip/BNA/drx.nsf/id/a0a1z8k0r0_

NUCLEAR POWER
   Entergy offer to buy Pilgrim plant wins in first
   competitive bid for nuclear plant . . . Page
   http://pubs.bna.com/ip/BNA/drx.nsf/id/a0a1z8g9m9_

OIL
   American Petroleum Institute declares its opposition to
   anti-dumping petition . . . Page
   http://pubs.bna.com/ip/BNA/drx.nsf/id/a0a1z8k1c7_

   Court rejects FERC valuation of residual oil shipped on
   TAPS . . . Page
   http://pubs.bna.com/ip/BNA/drx.nsf/id/a0a1z8m1c4_


______________

TABLE OF CASES
______________

Exxon Co. USA v. FERC (D.C. Cir.) . . . Page
   http://pubs.bna.com/ip/BNA/drx.nsf/id/a0a1z8m1c4_


_________________

REGULATORY AGENDA
_________________

CURRENT LISTINGS
   Current listings in the July 14 "Federal Register"  . . .
   Page
   http://pubs.bna.com/ip/BNA/drx.nsf/id/a0a1z8e9x4_

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