This story appeared on http://www.individual.com May 4, 2001
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[B] POWER UPDATE/ FERC member won't oppose SoCalEd power grid sale





(BridgeNews) May 3, 0758 GMT/1658 JT

................................................................


TOP STORIES:


FERC Comm. Breathitt says won't oppose SoCalEd power grid sale


Santa Fe, N.M., May 2 (BridgeNews) - Linda Breathitt, a member of the
Federal Energy Regulatory Commission (FERC), said Wednesday in an interview
with BridgeNews that she won't oppose a proposed sale of the transmission grid
of Southern California Edison to the state of California.  "I'm not saying the
governor (Gray Davis) can't go forward with what he thinks is an important 
part
of the solution,"  she said.

( Story .19326 )


Duke Energy: Will pay  "once"  to end Calif. power price probes


Santa Fe, N.M., May 2 (BridgeNews) - Duke Energy North America said
Wednesday it will build new generation in California, sell power on a 
long-term
basis, forgive some unpaid bills by state utilities and repay alleged
overcharges for wholesale power if all investigations into alleged
price-gouging by state and federal authorities are resolved at the same time.
Duke admitted no wrongdoing.

( Story .21691 )


US Press: Duke Energy seeks deal with Calif. governor


New York, May 2 (BridgeNews) - The Los Angeles Times and the New York Times
reported Wednesday that Duke Energy has asked Calif. Gov. Gray Davis to end 
all
state investigations against alleged gouging of power prices by producers in
exchange for  "possible monetary concessions"  by the company.

( Story .16061 )

.................................................................


OF INTEREST:


--ASIA/PACIFIC--


Taiwan to accept bids for new power plants around May-end


Taipei, May 3 (BridgeNews) - Taiwan authorities plans to open a new round
of bidding around the end of May for independent power producers (IPPs) to
generate a total of 4,200 megawatts (MW) of electricity commencing in
2007-2009, an official at the Energy Commission under the Ministry of Economic
Affairs (MOEA) said Thursday. The invitation for IPP projects will be the
fourth of its kind.

( Story .10571 )


--AMERICAS--


AGA Review: Jun down on higher-than-expected storage report


New York, May 2 (BridgeNews) - NYMEX Jun Henry Hub natural gas continued
its downward slide following a report by the American Gas Association that 
U.S.
natural gas stocks increased by 102 billion cubic feet for the week ended
Friday, about 10-15 bcf above most expectations. At 1407 ET, Jun was holding 
at
$4.48 per MMBtu.

( Story .1955 )


Northeast real time power steady ahead of warm weather


Toms River, N.J., May 2 (BridgeNews) - Real time power prices in the
Northeast U.S. were fairly steady early Tuesday, while some traders said the
market is poised for possible price spikes due to warm weather moving in for
the next two days.

( Story .17746 )


FULL: NRG Energy in pact to buy Duke's 77% stake in McClain plant


New York, May 2 (BridgeNews) - RG Energy Inc. agreed to buy Duke Energy
North America's 77% interest in the McClain County, Okla. natural gas-fired
power plant. The Oklahoma Municipal Power Authority owns the remaining 23%
interest. --Bill Belina, BridgeNews

( Story .16903 )


PG&amp;E: Baja natgas pipe capacity to be cut 30% for work in June


New York, May 2 (BridgeNews) - A hydrotest and relocation of a pressure
limiting station will reduce capacity on the Baja portion of Pacific Gas &amp;
Electric's California Gas Transmission system by 30% from June 10 through 30.
,

Baja capacity will be reduced by 339 MMcf/d from a normal 1,140 MMcf/d.

( Story .16696 )


AGA Preview: US natgas stocks seen up 85-90 bcf


New York, May 1 (BridgeNews) - The American Gas Association (AGA) is
expected to report Wednesday that U.S. natural gas stocks are up anywhere from
85 to 90 billion cubic feet (bcf) for the week ended Friday. The range of
estimates was fairly narrow this week, with one forecast high of 100 bcf and a
low of 70 bcf, according to an informal survey of brokers, analysts and
traders. The AGA will release the storage data at 1400 ET.

( Story .1856 )


--EUROPE--


UK BG's Rough gas storage facility to be shut in May 3-19


London, May 2 (BridgeNews) - U.K. gas major BG will carry out planned
maintenance on it's North Sea Rough Storage Facility from tomorrow May 3, a BG
spokeswoman told BridgeNews Wednesday.  "The 100% outage (injection and
withdrawal) will as expected take place between 0600BST May 3 to 0600BST May
19,"  BG spokeswoman said.

( Story .14893 )


Czech power firm CEZ sees 2001 net profit at about 7 bln koruna


Prague, May 2 (BridgeNews) - The dominant Czech power utility CEZ a.s.
expects to post a consolidated net profit of about 7 billion koruna for the
full year of 2001, CEZ financial officer Petr Voboril said Wednesday. Earlier
the company had said its consolidated net profit would amount to the 
equivalent
of 7.0-8.0 billion koruna according to international accounting standards.

( Story .14432, .12727 )

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SPOT NEWS LINKS:


Media://NewsSearch::/source=mar/category=n-eny/go/search


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THE MARKETS:



US FUTURES:                           UK FUTURES





.1908  NY Natural Gas Pre-Opg         .1795  IPE Nat Gas Review




.1906  NY Natural Gas Review          .1794  IPE Nat Gas Midday



.1747  NY Natural Gas


US/CANADA CASH NATURAL GAS            UK/EUROPE CASH NATURAL GAS





.1894  Henry Hub natural gas          .1807  UK Spot Gas



.1884  US/Canada Spot Natural Gas


US CASH ELECTRICITY                   UK/EUROPE CASH ELECTRICITY





.8575  California PX: Next day        .1892  UK Power Index



.8576 .8577 WSCC Forwards (AM/PM)     .1889  Nordic Power Market


.8585 .8586 PJM Forwards (AM/PM)      .1890  Spanish Power Market


.8593 .8594 Cinergy Forwards (AM/PM)  .1844  UK EFA Power Market


.8597 .8598 Entergy Forwards (AM/PM)  CANADA CASH ELECTRICITY


.8601 .8602 ERCOT Forwards (AM/PM)    .5637  Canadian Power Market


.8603  New England Forwards


.8587 .8600 TVA Forwards (AM/PM)

OTHER



.1873  US Nuclear Plants Operating Status


.2029  BRIDGE CALENDAR: US POWER: Key events to watch


.2030  US Utility Deregulation Digest


.1704  US Utility M&amp;A Digest

.................................................................


SYMBOL LINKS:


Click below for adamb chart in Athena  NATURAL GAS


NYMEX - Media://Chart:NYMEX:/symbol=US@NG.1


IPE - Media://Chart:IPE:/symbol=GB@NGP.1  NYMEX ELECTRICITY


Palo Verde electricity - Media://Chart:PaloVerde:/symbol=US@VK.1


COB electricity- Media://Chart:COB:/symbol=US@OW.1


Cinergy electricity - Media://Chart:Cinergy:/symbol=US@CN.1


Entergy electricity - Media://Chart:Entergy:/symbol=US@NT.1


PJM electricity - Media://Chart:PJM:/symbol=US@QJ.1


.................................................................


Bridge News


Send comments to Internet address: energy@bridge.com


n t



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