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

Top Stories (December 12)

CALPINE PLANT - 2: TO OPERATE IN JUNE 2004 IF APPROVED
Calpine Corp. is considering building a $550 million, 1,100-megawatt electric 
generating plant to power one million homes in northern California.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2000/
12/12/eng-djn/eng-djn_152023_108_913150113076

'KILOWATT DIVIDE' SEPARATES WINNERS, LOSERS IN CALIFORNIA ENERGY CRISIS
There were fresh signs Monday that California's flawed electricity market is 
dividing the state's power players into winners and losers.
http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri
dder/2000/12/12/krtbn/0000-0285-OC-ENERGY-CRISIS

MIDWEST GRID OPERATOR MUST MERGE OR EXPAND TO SURVIVE - CEO
The Midwest Independent System Operator Inc., wracked by three significant 
defections, must either expand or reach an agreement to combine with its main 
competitor if it is to remain viable, the emerging grid operator's chief 
executive said Tuesday.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2000/
12/12/eng-djn/eng-djn_164024_196_066375742666

US ENERGY SECRETARY WARNS POWER PRODUCERS IN WEST ON PRICES
As California's electricity system teeters on the brink of collapse, U.S. 
Energy Secretary Bill Richardson warned power producers not to attempt to 
take advantage of the power-supply crisis.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2000/
12/12/eng-djn/eng-djn_170027_216_596333063208

NIAGARA MOWHAWK, NYSEG, ROCHESTER GAS & ELECTRIC AND CENTRAL HUDSON TO SELL 
NINE MILE POINT NUCLEAR ASSETS IN DEAL VALUED AT $1.04 BILLION
Niagara Mohawk Power Corp. will sell its ownership of the Nine Mile Point 1 
and 2 nuclear plants, and New York State Electric & Gas Corp., Rochester Gas 
and Electric Corp., and Central Hudson Gas & Electric Corp. have agreed to 
sell their ownership of the Nine Mile 2 nuclear plant, to Constellation 
Nuclear, under an agreement announced today.
http://199.97.97.163/IMDS%PMANAT0%read%/home/content/users/imds/feeds/comtex/2
000/12/12/pr/0000-0884-ny-niagaramohawk9mile

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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

Gener Chile/Ownership Cap -3: Dec 26 Deadline For ADS

Gener Chile/Ownership Cap -2: 95% Of Stockowners Vote Yes

US Northeast Hit With Strong Winds; Snow Over S Plains

Problems Sideline Amtrak's New Acela Express On 2nd Day

Gener Chile Shareholders Lift Ownership Cap

Ercot Sees Pwr Use Surpass 42,400 MW, 8.7% Above '99 High

AES/Chile's Gener -3: $16.5/ADS, CLP139.81/Local Share

US Energy Secretary Warns -2: Kaiser Defends Remarketing

Northwest Power Pool -3: Normal Temperatures Seen Wkend

AES/Chile's Gener -2: Rumored To Up Price To $16.50/ADS

US Appeals Court Denies Govt's Appeal On Nuclear Waste

Northwest Power Pool -2: Temperatures Higher Than Thought

US Energy Secretary Warns Pwr Producers In West On Prices

Northwest Power Pool Calls Off All Electricity Warnings

Business News From The New Zealand Press Wednesday

Midwest Grid Oper Must Merge Or Expand To Survive -CEO

In Time For Christmas, Chinese Video Piracy Thriving

Calpine Plant -2: To Operate In June '04 If Approved >CPN

Calpine Corp. Mulls $550M Calif Power Plant >CPN

Chile Sec Law Likely In Force Before AES Tender -Official

TXU Closes Paris Office Due To Slow Elec Liberalization

Revised Palo Verde Futures Vol. Dec. 11, 0

California Utility Bonds Hit Sector On Power Crisis

Bonneville: Elec Emergency Putting Water System At Risk

AES Tender For Chile's Gener Should Clear One Hurdle

PowerGen/RWE/Stake Sale -3: Completes LG&E Deal >G.RWE

Fitch Lowers Debt Ratings On SoCal Edison, Edison Intl.

Transalta Stops Pwr Sales To Cal-ISO; Questions Credit

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 Crunch Eases Slightly

Centrica PLC - Builds Its Energy Retailing Operations in North America

Devon Energy Corp - Gulf of Mexico Discovery

Lexxor Energy Inc - Financing Update

California ISO Issues Stage Two Electrical Emergency

Stone Energy Corporation And Basin Exploration, Inc. Announce Date And 
Locations of Their Special Meetings of Stockholders Relating to Their 
Proposed Merger

Higher Prices Prompt Call for Energy Policy

Los Angeles Has Adequate Power Supplies; Plans to Sell All Excess Energy 
Within California

Manufacturer Makes More Selling Power

The Empire District Electric Company Receives Orders from Oklahoma And 
Arkansas Commissions

We Dodged One - This Time Electricity: Forecast Deep Cold Doesn't 
Materialize; Tacoma Power Fills Bill
Hearing Offers No Immediate Answers to Natural Gas Crunch

The New Power Company 'First Mover' in Texas; Company Certified to Provide 
Residential And Small Commercial Electricity Service

Avista Utilities Selects Resources to Meet Long Range Energy NeedsCoyote 
Springs 2 Expected to Bring 280 Megawatts Online for Avista Utilities 
Customers Starting in The Year 2002

Department of Energy Nati Nal Energy Technology Laboratory Notice of 
Availability of A Financial Assistance Solicitation

Fluor to enter S&P 500 Dec 21, replacing Massey Energy

Lincoln Utility Seeks Telecom Role

US/Canada Spot Natural Gas: Slides As West Energy Crisis Eases

Shell And Bechtel Enterprises Complete Deal to Expand Intergen Joint Venture 
Aligning Power Generation with Marketing And Trading

Nui Ventures Focuses on Benefits of Fuel Cells And New Energy Technologies

PSE&G Customers Restored to Power

Leading Online Auctioneer uBid.com To Power About.com, Inc.'s Auctions

Regional Warning of Power Shortage Called Off

Low Temperatures Fuel Record High in Natural Gas Price

Salmon Protection Complicated by Power Demand

Great River Energy Board Approves Business Financing Program Fund

Continued Conservation Urged As Another Stage One Electrical Emergency Is 
Declared; Media Teleconferences Continue Through the Week

Azcentral.com - New Economy Puts Strain on Old Power Plants

Power Shortage Unlikely During Winter in State

Osprey Energy Ltd.

Open-C Selects Sierra Systems As Implementation Partner at Wps Resources 
Corp.Sierra Systems Signs Contract to Implement New Customer-Care Platform at 
Wisconsin-Based Electric And Gas Utility

Teco Power Services Announces Executive Promotions

General Services Administration, Smithsonian Institution And Washington Gas 
Unveil Advanced Cogeneration Power And Cooling Project; Ceremony Highlights 
Energy Efficiencies, Environmental Advantages And Financial Benefits of 
Project

24 Firms to Study Wind Power Generation in Tokyo Area

Calpine Proposes $550 Million Power Facility for Site Near Tracy

Ocean Power Corporation Sigma/Statoil Update

Ohioans Turning to Electric Choice Answer Center And Web Site in Large Numbers

Aluminum-Power's Fuel Cell Featured in Scientific American ReportPerformance 
Exceeds All Conventional Batteries

Gothic Energy Corporation Announces Approval of Merger with Chesapeake Energy 
Corporation

Lukens Energy Group Announces Business Developments; Name Change, 
Reorganization And Canada Office

Peco Energy Restores More Than 34,000 Outages

Tradewell Systems' Excellerator Delivers the Power of Success to Texaco 
Natural Gas Inc.

Corn Belt Energy's Plans Could Ignite Demand for Coal

Ppl Crews Respond Quickly to Wind Storm Outages; Service Restored to 39,000 
Since Early Morning

Energy Center Proposed for Northern California

Centrica Builds Its Energy Retailing Operations in North America

Mitchell Energy Updates Exploration And Development Results

Midwest's First Major Winter Storm Grazes ST. Louis Area Escapes Heavy Snow, 
But Fierce Wind, Bitter Cold Connect with A Punishing Blow

DTE Energy Declares Dividend

Aluminum-Power's Fuel Cell Featured in Scientific American Report

Enhanced Energy Announces Special Meeting of Shareholders

Power Outages - Harbinger of Things to Come to Be Held by The Strategic 
Research Institute in Washington, DC at The Washington Marriott on February 
12 & 13, 2001

Myutility Chosen to Present at Angel Society Pipeline; Energy Efficiency 
Solutions Provider Closes Acquisition And Investment

Natural Gas Prices, Chills Create Big Bills

Nevada Power to Sell Plant Stake

Electricity Crisis Puts PG&E in A Cash Bind / Utility Is Borrowing $1million 
Per Hour

Greens Lobby for Natural Gas Buses / Santa Clara Could Get Improved Diesel 
Faster

Trade-Ranger Drives the Openness of E-Business Platforms in The Energy 
Industry

Srs Saves Florence, S.C. School District More Than Half a Million Dollars 
Annually with Energy Upgrades

Ivanhoe Energy Enters Prolific Natural Gas Play in Bossier Trend, Texas

Mayor Wants an Energy 'Wrong' Righted

Honeywell Selects M-Systems' Diskonchip As Flash Disk in Next Generation 
Integrated Avionics System

Southern Energy National Power Index to Be Compiled And Distributed Daily by 
Dow Jones Newswires

Transcanada Energy Purchases Allegro Development's Power And Risk Management 
Products

Cold Weather Makes Coal Stoves Hot

Top Energy Summaries - Tuesday, December 12, 2000 - 7:42 Am

PSC Staff Supports Florida Power Plant

Avista Utilities Selects Resources to Meet Long Range Energy Needs

Power Shortages

Niagara Mohawk, Nyseg, Rochester Gas And Electric And Central Hudson to Sell 
Nine Mile Point Nuclear Assets to Constellation Nuclear in Deal Valued at 
$1.04 BillionValue Includes $815 Million in Cash And Payments, $134 Million 
in Interest And $88 Million in Decommission Savings

Myutility Acquires National Grid's Teldata Solutions Business; Energy 
Efficiency Solutions Provider Closes Acquisition And Investment

Energy Expert: Deregulation's Working Outside of California

Wind Generators Popping Up in Wis.

State Telecom Industry Argues Against Turf Encroachment By Public Power

CLP Holdings, CLP Power issuer ratings affirmed by Moody's

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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

United Nations Hails Ukrainian Closure of Chernobyl Power Plant

Top Energy Summaries - Tuesday, December 12, 2000 - 5:34 PM

Bpa: Kaiser Must Prove Power Sale "in Spirit" of Bpa Contract

Zimbabwe Signs Power Deal with South African Company

Top Energy Summaries - Tuesday, December 12, 2000 - 4:31 PM

Ocean Power Corporation Sigma/Statoil Update

Dark Christmas: Energy Crisis Drifts Toward a Political Struggle

Nepal: Hydro-Electric Project Fails to Meet Target Owing to Water Shortage

France Nov CPI rise largely due to increased energy prices - INSEE

SAN Diego: Sempra Energy Sells Stake in Energy America to Centrica

Pakistan's Chasma Power Plant Ready to Start Operations

Battersea Power Station Could Be Turned Into Circus

Oggy Hands Out Awards to Young Energy-Savers

Belarus Reports Completion of Power Line to Europe

Centrica Builds Its Energy Retailing Operations in North America

Polish Power Exchange: Hourly Prices And Demand for Wednesday

PowerGen sells stake in Portuguese power station to RWE for 110 mln stg cash

S Korea's Energy Consumption Drops in November

Siemens Solar, Shell Int'l Discussing Solar Power JV

Indian power sector employees on token strike to protest privatisation

Profile - China's Coal Industry (December 2000)

CMS Energy Accepts Investment Loss on Australian Loy Yang Plant

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

Pennsylvania Officials Allow Utility to Raise Rates on Natural Gas

Warning Issued on Possible Northwest Power Blackouts

Utah Power Asks Electrical Consumers to Make Voluntary Cutbacks

Avista Utilities Prepares for Power Crunch in Pacific Northwest

ST. Louis-Area Gas Company Gets Few Complaints About Bills

Disabled Power Plants in California Go Back Online

Seattle Electric Utility Won'T Extend Deal with Nordstrom

Wells Fargo, Portland, Ore., Utility Divert Funds from Boy Scouts

Emergency Power Shortage Warnings Remain in Effect in Portland, Ore., Area

`Kilowatt Divide' Separates Winners, Losers in California Energy Crisis

New York-Based Utility Coned Says It Has Time to Decide on Merger

Waterford, Conn., Nuclear Plant Operators Misplace Fuel Rods

Officials Cite Utility for Violation at Waterford, Conn.-Area Nuclear Plant

Utility Firms to Appeal Arkansas Judge's Recommendation on Merger

New Jersey Water Company CEO Retires Early

Colorado Springs, Colo.-Area Residents to See Rise in Heating Bills

Power Woes Stop Short of Outage in Fresno, Calif., Area

California Investigators Inspect Power Plants to Avert Crisis

California Declares Stage 3 Power Emergency

California Lawmakers Attempt to Deal with State Energy Crisis

San Diego Farmers May Create Energy CO-OP Due to High Prices

California Power System Teeters Near Blackout

Three Firms to Sell Natural Gas Instead of Selling Products That Use It

Charlotte, N.C.-Based Duke Energy Taps British Telecom Executive for Top Post

Niagara Mohawk Power Is Linked to Hudson River PCB Cleanup in Letter

GE Fights River Dredging Proposal for Variety of Reasons

-CEO of San Antonio, Texas, Energy Firm Receives Horatio Alger Award

-Vectren Corp. to Close Downtown Indianapolis Offices

-Retired Workers of Oak Ridge, Tenn., Energy Facility Press for Pension Hike

-Natural Gas Futures Rise Beyond $1 To Record

-Natural Gas Prices Increase, Oklahoma Utilities Stand By Price Predictions

-Georgia Governor Wants GE Power Division's Headquarters in Atlant

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

Peru's Luz says places bonds worth $15 mln

Arkansas Public Service Commission rules against merger

Slim relief in sight for strained Western power grid

U.N.'s Annan hails Chernobyl nuclear plant closing

Workers in bias suit seek Southern Co. papers

Calif. needs short-term remedies to fix power market

S&P may cut Cinergy Corp ratings

Moody's revises Constellation Energy outlook

S&P affirms Calpine Corp BB-plus ratings

U.S. Energy secretary to attend Chernobyl closure ceremony

UPDATE 2-Constellation wins Nine Mile nuclear bid

Brascan bids for full ownership of Great Lakes Power

Cinergy to buy two power plants from Enron

Riva cancels some power contracts under protest

Spain to boost renewable energy use by 2010

US seeks to stop Kaiser from re-selling power

About 1,000 ComEd users lack power after storm

Richardson warns US power suppliers not to hike prices

New Jersey Resources targets 7-9 pct 2001 EPS growth

Wisc. Public Service and Wisc. Fuel & Light merger approved

NYMEX halts gas trade for 15 mins on limit-down price move

UPDATE 1-Indian power workers stage strike against reforms

EnronIndia unit local lenders to cut rates

HEW likely to take control of Veag-paper

UPDATE 1-Powergen sells Portugal Turbogas stake for 110m stg

UPDATE 1-Powergen sells Portugal Turbogas stake for 110m stg

Australia Loy Yang Power buyer search wound down

Centrica to own 100 pct of Energy America

FEATURE-Ukraine energy sector to survive Chernobyl closure

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ELECTRONIC TRADING. Power is following natural gas to become an 
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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 
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