|
|
Enron Mail |
USA: Enron to cut one-fifth of jobs at broadband unit. Reuters English News Service, 04/06/2001 UK: London timecharter fixtures. Reuters English News Service, 04/06/2001 USA: RESEARCH ALERT-Morgan starts Dynegy as buy. Reuters English News Service, 04/06/2001 NYMEX Analysis CNNfn: Before Hours, 04/06/2001 CONSULTANTS HIRED FOR GAS PLANTS STUDY South Florida Sun-Sentinel, 04/06/2001 Trojan Nuclear Plant; Notice of Docketing of Materials License No. SNM-2509, Amendment Application for the Trojan Independent Spent Fuel Storage Installation Federal Register, 04/06/2001 APPROVE ENRON POWER PLANT PUT POLLUTION ISSUE IN PERSPECTIVE South Florida Sun-Sentinel, 04/06/2001 Haleywest L.L.C., et al.; Electric Rate and Corporate Regulation Filings Federal Register, 04/06/2001 Verizon to Pitch Movies-on-Demand to Studios, Variety Says Bloomberg, 04/06/2001 USA: Enron to cut one-fifth of jobs at broadband unit. 04/06/2001 Reuters English News Service (C) Reuters Limited 2001. HOUSTON, April 6 (Reuters) - Energy trading giant Enron Corp. said on Friday it will eliminate some 250, or roughly 20 percent, of the jobs at its broadband telecommunications unit, detailing a move which it has previously described as an internal redeployment of staff. Enron Broadband Services spokeswoman Kelly Kimberly said the company is cutting jobs at the unit, which now employs 1,150 people, because it has completed the build-out of its 18,000-mile (29,000 km) fiber-optic network and because of slow demand for streaming media products delivered to personal computers. "The network is substantially complete now, so that means fewer people are required for technical positions," she said. The job cuts also reflect Enron Broadband's decision to play a less active role in the market for streaming media services, such as video of corporate events delivered to personal computers, where demand had been slower than expected, she said. However, Kimberly said Enron Broadband will continue to pursue entertainment-on-demand services actively. Kimberly said employees whose jobs are being eliminated will be eligible for redeployment to other positions at Enron Broadband Services or other Enron units, although there could be some involuntary terminations. Previously Enron officials had dismissed rumors about job cuts at Enron Broadband Services and had spoken instead of an internal redeployment of staff within the unit without detailing its impact on overall employment there. The company's stock, which peaked at just above $90 last year and was trading in the $80s as recently as mid-February, has recently fallen into the $50s in line with broader weakness in the stock market and among technology and telecommunications stocks in particular. On Friday it was up 95 cents at $56.65. Since early last year Enron has been building a high-speed broadband communications network that it plans to use as a base to build a bandwidth marketing and trading business similar to its huge natural gas and electricity trading operation. Excitement among investors about the broadband business and about Enron's success in developing a strong Internet-based trading platform for energy and other commodities drove an 87 percent rise in the company's share price last year, outpacing a gain of 54 percent for the S&P utilities index. Kimberly said Enron's bandwidth trading operation is continuing to perform strongly, with more than 500 trades carried out in the first quarter, exceeding the total for all of 2000. Despite the jobs cuts at Enron Broadband, she said, the unit is recruiting to fill some other positions. UK: London timecharter fixtures. 04/06/2001 Reuters English News Service (C) Reuters Limited 2001. LONDON, April 6 (Reuters) - Bulk Atalanta - (built 1990) 149,512 dwt 13.25 on 44 ndas delivery retroactive Cape Passero in direct continuation Apr 25/30 3-5 months trading redelivery world-wide $13,200 daily Enron. Golden Disa - (built 1999) 75,200 dwt delivery Qingdao spot trip via Australia plus Mideast Gulf redelivery passing Muscat outbound $11,250 daily ETA. Bergen Trader - (built 2000) 75,000 dwt delivery Kosichang Apr 10/20 3-5 months trading redelivery world-wide $11,600 daily Swiss Marine. Rutland Glen - (built 1999) 73,700 dwt delivery Cape Passero Apr 10/20 trip via east coast South America redelivery Skaw-Cape Passero $12,000 daily Azure. Pacific Paradise - (built 1993) 73,600 dwt delivery Kohsichang Apr 21/22 trip and redelivery Continent $13,500 daily Matinc. Endless - (built 1999) 73,400 dwt delivery Porto Vesme prompt trip via east coast South America redelivery Far East $11,500 daily Transfield. Mass Merit - (built 1993) 69,620 dwt delivery U.S. Gulf Apr 15/25 trip and redelivery Taiwan $10,750 daily plus $190,000 ballast bonus Taho. Menites - (built 1981) 64,896 dwt delivery Ghent Apr 10/15 trip via Brazil redelivery Antwerp approximately $10,000 daily Pan Ocean. Atlantic Savior - (built 1983) 64,754 dwt delivery Cape Passero Apr 10/15 trans-Atlantic round voyage redelivery West Mediterranean-Continent range $10,000 daily T and E. USA: RESEARCH ALERT-Morgan starts Dynegy as buy. 04/06/2001 Reuters English News Service (C) Reuters Limited 2001. NEW YORK, April 6 (Reuters) - J.P. Morgan said Friday that analyst Anatol Feygin had initiated coverage of Dynegy Inc. as a long term buy with a price target of $63 a share. He said the company has provided "defensive earnings growth through a top tier wholesale energy player" that is "second only to Enron ." Dynegy's asset-light strategy allows the company to follow Enron's lead, with a favorable risk/reward profile with 73 percent of EBIT coming from non-regulated "merchant energy" opportunities, he said. "We project Dynegy's long-term earnings growth rate at 22 percent," he added. The analyst attributed Dynegy's "retreat from the $57 level to the California power crisis, which has been a major stumbling block for the stock and should hinder near-term performance. It casts doubt on the very dynamic that Dynegy is a play on, and usurps management time and talent. "Although fundamentally we see it as more of a nuisance - a few credit/collection issues (with) little to no earnings risk, and a delay, not a derailment of the deregulation process - the resolution of the Golden State debacle is to us the key catalyst for an upgrade." Dynegy shares were off 94 cents at $49.98 in early New York Stock Exchange trading. Business NYMEX Analysis Jack Cafferty 04/06/2001 CNNfn: Before Hours © Copyright Federal Document Clearing House. All Rights Reserved. JACK CAFFERTY, CNNfn ANCHOR, BEFORE HOURS: On March 20, Vincent Viola was voted in as the new chairman of the New Mercantile Exchange. He takes over during a time of change and challenge for the NYMEX. Mr. Viola is here now to talk about his new position and the task ahead. Congratulations on the ascension to the throne down there. VINCENT VIOLA, NYMEX CHAIRMAN: Thank you, Jack. CAFFERTY: Job one is? VIOLA: Making sure that the exchange is postured to fulfill it`s purpose as a magnificently liquid and efficient pricing mechanism, and a stable, global counterparty for mediation of credit and risk on the products that we pursue to trade on the exchange. CAFFERTY: And to do it with an eye on making a profit. VIOLA: Yes, exactly. CAFFERTY: Which is a little bit different assignment than it`s been down there. VIOLA: Yes, exactly, the fact that our business model now, by virtue of the fact that we seek to make and provide profit to our shareholders compels us to start to act and function like a business. CAFFERTY: Now last year, you did incur losses down there of about almost $3 million. Tell me a little bit about why that happened and what you`re doing that`s going to prevent it from continuing to happen. VIOLA: Well, simply put, we had to make a decision as to enhancing the access of participants to our marketplace. And we went and decided to create our own proprietary electronic platform. CAFFERTY: Animex (ph), is that way. VIOLA: Enymex. CAFFERTY: Enymex, I`m sorry. VIOLA: And that was capital decision, capital spending decision that we made, rightfully so. And that caused the gap to close between revenues and expenses. CAFFERTY: All right, this is because, I would assume, of pressures from companies like Intercontinental Exchange, Enron Online, and some of the foreign operations as well, right? I mean, you to upgrade to stay competitive, is that. VIOLA: I think the B2B model hit everyone as a novel yet substantively interesting concept. For our marketplace, the most efficient source of liquidity right now, and the culture around trading our major product, oil, is based in the physical execution of those trades through open auction outcry. And the culture around oil trading is clearly much more comfortable person-to-person. We like to say, simply put, the best price for oil in the world is found on the floor of the NYMEX. The electronic umbrella around that execution in liquidity clearly will be best served by an electronic platform. CAFFERTY: Who`s going to win this tug-of-war eventually between the advent of electronic transactions and the old way of doing it by yelling out your bid? VIOLA: I think the source of liquidity that has the most continuous and consistent tightness between the bid and offer will in fact win out. And I think that the support of electronic access to the marketplace can only enhance the individual trader on the floor`s ability to provide the best service. CAFFERTY: Is it a matter of time, though, until technology simply outstrips the ability of individuals to move with the speed and proficiency that these computers can do? VIOLA: Clearly, technology, as it improves in terms of reliability and consistency, in terms of delivery of price, is the trend that we will react to as business people on the mercantile exchange. And we are preparing very, very aggressively to continue to make our markets the most efficient. It has to be stated that NYMEX is a double-A credit and a global counterparty, which mediates risk across a very, very wide range of market participants looking for credit mediation for the exchange of energy products. CAFFERTY: Talk to me for a minute about commodities and about the areas of the commodity business that you see perhaps being the areas that will generate the best profits for you, where the most action is likely to be. Just give me an overview of the markets from where you sit. VIOLA: Well, as a business model, the exchange provides for revenue- sourced, value-added functions. Firstly, it`s the only neutral model that can be conceived and executed currently, and looking for in the future. Secondly, its banking and mediation and price management through its margin facility and clearing facility, is a unique source of value. Thirdly, its information and data that it provides from the uniquely neutral and independent and uninfluenced prices that are physically identified on the floor is a unique source of basis and benchmark for oil trading throughout the world. And lastly, the professional and unique ability and experience of the best oil traders in the world, both on the floor and the ring of individuals that deal with those people off the floor every day, make the NYMEX a uniquely talented pool of business potential. It has to be stated that the gentlemen who trade oil for major concerns, institutional concerns, while they`re communicating with the floor of the NYMEX, every day, for many years, there`s a very, very close connection and cultural comfort and reliability on those prices and their efficiencies that have grown over the years. And we think that that`s going to be maintained. So I think those four principal sources of revenue are the essence of our model. CAFFERTY: What scares you about the new job? when you wake up in the middle of the night, you go, gee, I`m the chairman now, what worries you? VIOLA: I think I get a sense of unbridled excitement. I`ve always enjoyed a real good, fair fight. And I think what concerns me and excites me at the same time is that I`m responsible for almost 800-plus members and their families and the marketplaces that we serve, trying to bring very fair, open, properly banked markets. CAFFERTY: Good stuff. VIOLA: Yes. CAFFERTY: Appreciate your coming in. I wish you well, I hope your very successful as the new chairman of the NYMEX. VIOLA: You`re very kind, thank you. CAFFERTY: All right, Vincent Viola, thanks. TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 888-CNNFN-01 OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT WWW.FDCH.COM THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED. Content and programming copyright 2001 Cable News Network, Inc. ALL RIGHTS RESERVED. Prepared by eMediaMillWorks, Inc. (f/k/a Federal Document Clearing House, Inc.) No license is granted to the user of this material other than for research. User may not reproduce or redistribute the material except for user`s personal or internal use and, in such case, only one copy may be printed, nor shall user use any material for commercial purposes or in any fashion that may infringe upon Cable News Network, Inc.`s copyright or other proprietary rights or interests in the material; provided, however, that members of the news media may redistribute limited portions (less than 250 words) of this material without a specific license from CNN so long as they provide conspicuous attribution to CNN as the originator and copyright holder of such material. This is not a legal transcript for purposes of litigation. LOCAL CONSULTANTS HIRED FOR GAS PLANTS STUDY Staff Reports 04/06/2001 South Florida Sun-Sentinel Broward Metro 3B (Copyright 2001 by the Sun-Sentinel) Deerfield Beach City Manager Larry Deetjen has hired two consultants to help a committee of volunteers shore up information about plans to build two natural-gas power plants in the southwest end of the city. The consultants, Tom T. John and Pete Hoffman, will help members of the city's seven-member Ad Hoc Energy Committee find out as much information as possible about the proposed plants. Enron Corp. and El Paso Corp. want to build power plants in the city's industrial area. John and Hoffman made a presentation to the committee on Thursday. Many people who live in North Broward County have opposed those plans, particularly in the case of Enron Corp., which also wants to build a plant in Pompano Beach. Notices Trojan Nuclear Plant; Notice of Docketing of Materials License No. SNM-2509, Amendment Application for the Trojan Independent Spent Fuel Storage Installation 04/06/2001 Federal Register 18321 Copyright © 2001 Federal Information & News Dispatch, Inc. All rights reserved By letter dated February 19, 2001, Portland General Electric Company (PGE) submitted an application to the Nuclear Regulatory Commission (NRC or the Commission) in accordance with 10 CFR part 72 requesting an amendment of the Trojan Nuclear Plant independent spent fuel storage installation (ISFSI) license (SNM-2509) for the ISFSI located in Columbia County, Oregon. PGE is seeking Commission approval to revise the Trojan ISFSI Technical Specifications (Appendix A to the license) to conform to a change in the Code of Federal Regulations (10 CFR 72.48) which will become effective on April 5, 2001, and to make editorial corrections. This application was docketed under 10 CFR part 72. The ISFSI Docket No. is 72-17 and will remain the same for this action. The amendment of an ISFSI license is subject to the Commission's approval. The Commission may issue either a notice of hearing or a notice of proposed action and opportunity for hearing in accordance with 10 CFR 72.46(b)(1) or, if a determination is made that the amendment does not present a genuine issue as to whether public health and safety will be significantly affected, take immediate action on the amendment in accordance with 10 CFR 72.46(b)(2) and provide notice of the action taken and an opportunity for interested persons to request a hearing on whether the action should be rescinded or modified. For further details with respect to this application, see the application dated February 19, 2001, which is available for public inspection at the Commission's Public Document Room, One White Flint North Building, 11555 Rockville Pike, Rockville, MD, or from the publicly available records component of NRC's Agencywide Documents Access and Management System (ADAMS). ADAMS is accessible from the NRC Web Site at http://www.nrc.gov/NRC/ADAMS/index.html (the Public Electronic Reading Room). Dated at Rockville, Maryland, this 29th day of March 2001. For the Nuclear Regulatory Commission. E. William Brach, Director, Spent Fuel Project Office, Office of Nuclear Material Safety and Safeguards. [FR Doc. 01-8503 Filed 4-5-01; 8:45 am] BILLING CODE 7590-01-P EDITORIAL APPROVE ENRON POWER PLANT PUT POLLUTION ISSUE IN PERSPECTIVE 04/06/2001 South Florida Sun-Sentinel Broward Metro 30A (Copyright 2001 by the Sun-Sentinel) In a "perfect" world, there would be no automobiles, with their internal combustion engines spewing pollutant-laden exhaust into the air. But how perfect would such a world be without the mobility and economic vitality those cars provide? In a "perfect" world, there would be no factories or refineries polluting air and water alike. But how perfect would such a world be without the steel, the textiles and the petroleum products those plants produce to meet the needs of consumers? And in a "perfect" world, there would be no power plants spewing pollutants into the air. But how perfect would such a world be without the electricity those plants generate to light, heat and cool our homes and businesses? Modern life forces unpleasant choices on all of us, from the average consumer to the highest-ranking public official. Those choices should be made with an eye on the big picture, and never on the basis of unrealistic notions of an idyllic world devoid of the sometimes unhealthy byproducts of human enterprise. The Pompano Beach City Commission is faced with such a choice. On Tuesday, commissioners are to consider a proposal by Enron Corp., a Houston-based energy company, to build a "peaking" power plant in the city. That type of plant operates only when a public utility, in this case Florida Power & Light Co., needs to purchase a backup source of power during periods of peak usage. The commissioners are under tremendous pressure from other politicians as well as residents, not only of Pompano Beach but of neighboring Margate and Coconut Creek, who worry about the increased air pollution such a plant inevitably would create. Opponents also are suspicious of Enron's long-range plans, which they contend involve a hidden agenda to push for state deregulation of the electric industry, which in turn would enable Enron to operate the plant 24 hours a day and sell the excess power elsewhere. There also are concerns about Enron's plans to use diesel fuel as a backup to its natural gas supply, the primary fuel source for the plant. Those worries are understandable, and no one should be unsympathetic to the residents' concerns. But if commissioners keep their eye on the big picture, they will have to conclude that the positives of this proposal greatly outweigh the negatives. To begin with, South Florida's burgeoning population requires foresight to avoid future power shortages like those California is now experiencing. A region that expects to add 2.3 million people during the next 20 years should be preparing now for the additional energy needs such growth will create. Moreover, a plant using relatively clean-burning natural gas and built by Enron, a company lauded as "progressive" by environmentalists for embracing alternative energy sources and for its commitment to tackling global warming, should be seen as preferable to what the area might ultimately be stuck with if forced in desperation to seek new sources of electricity generation during a power crisis. Already it has been determined that the proposed Enron plant would generate far, far less nitrogen oxide and sulfur dioxide than FPL's oil-powered plant at Port Everglades. To put things in further perspective, the plant would emit less than 2 percent of the amount of nitrogen oxide emitted by Broward County automobiles in a typical year. Opponents of the plant should be asking themselves whether their concern for the environment extends to carpooling or even leaving their cars at home at times when they could walk or ride a bicycle to their destination. Concerns about the possible burning of diesel fuel are valid, but Enron has agreed to fixed limits on the amount of diesel it would use, and to use relatively high-quality, low-sulfur diesel. Moreover, Enron's smokestacks are to be 80 feet high, meaning neighborhoods near the plant would likely experience no more pollution than other neighborhoods in the area. It should also be noted that the state Department of Environmental Protection has given preliminary approval to a permit for the plant, saying a lengthy review had found that it would have little impact on the region's air quality. Little impact. Compare that with the positive impact it would have on Pompano Beach, by increasing its tax base, providing jobs and developing a large piece of land that no one else has expressed any interest in; and on all of South Florida, by providing a source of relatively clean power for a region that will surely need it in the not-too-distant future, by minimizing costs to consumers and by making rolling brownouts unnecessary during periods of peak electrical usage. The plant cannot be built without a zoning change for the 28-acre site from industrial to public utility. The Pompano Beach Planning and Zoning Board has already approved the rezoning. City commissioners should keep their eye on the big picture and ratify that decision, for the good of Pompano Beach and all of South Florida. Notices Haleywest L.L.C., et al.; Electric Rate and Corporate Regulation Filings 04/06/2001 Federal Register 18239 Copyright © 2001 Federal Information & News Dispatch, Inc. All rights reserved March 30, 2001. Take notice that the following filings have been made with the Commission: 1. Haleywest L.L.C. [Docket No. EG01-161-000] Take notice that on March 28, 2001, 2001, Haleywest L.L.C. (Applicant), an Idaho limited liability company, whose address is P.O. Box 171, Laclede, Idaho 83851 filed with the Federal Energy Regulatory Commission an application for determination of exempt wholesale generator status pursuant to part 365 of the Commission's regulations. Applicant intends to lease and operate a facility comprised of three (3), continuously rated 1.6-megawatt generator sets (non- road engines) fired on diesel fuel with a maximum total output of 6-megawatts (the "Facility"). The Facility is located in Plummer, Idaho. Electric energy produced by the Facility will be sold by Applicant to the wholesale power market in the Northwestern United States. Comment date: April 20, 2001, in accordance with Standard Paragraph E at the end of this notice. The Commission will limit its consideration of comments to those that concern the adequacy or accuracy of the application. 2. Fountain Valley Power, L.L.C. [Docket No. EG01-162-000] Take notice that on March 26, 2001, Fountain Valley Power, L.L.C. (Applicant), filed with the Federal Energy Regulatory Commission an application for determination of exempt wholesale generator status pursuant to Part 365 of the Commission's regulations. Applicant is presently a wholly-owned subsidiary of Enron North America Corp., but is expected to become a wholly-owned indirect subsidiary of Black Hills Energy Capital, Inc. Applicant stated that it served its application on the following: Public Service Company of Colorado, the Colorado Public Utilities Commission, South Dakota Public Utility Commission, Wyoming Public Service Commission and the Securities and Exchange Commission. Comment date: April 20, 2001, in accordance with Standard Paragraph E at the end of this notice. The Commission will limit its consideration of comments to those that concern the adequacy of accuracy of the application. 3. Pinnacle West Energy Corporation [Docket No. EG01-163-000] Take notice that on March 28, 2001, Pinnacle West Energy Corporation (PWE) filed with the Federal Energy Regulatory Commission an application for determination of exempt wholesale generator status pursuant to Part 365 of the Commission's regulations. PWE is a wholly owned subsidiary of Pinnacle West Capital Corporation (PNW) and an associate company of Arizona Public Service Company. PWE was created to serve as PNW's competitive generation affiliate. The eligible facilities to be owned by PWE are a 120 MW natural gas-fired, combined cycle unit that is presently under construction and 10 trailer-mounted generating units with a combined capacity of less than 200 MW. Comment date: April 20, 2001, in accordance with Standard Paragraph E at the end of this notice. The Commission will limit its consideration of comments to those that concern the adequacy or accuracy of the application. Standard Paragraph E. Any person desiring to be heard or to protest such filing should file a motion to intervene or protest with the Federal Energy Regulatory Commission, 888 First Street, NE., Washington, DC 20426, in accordance with Rules 211 and 214 of the Commission's Rules of Practice and Procedure (18 CFR 385.211 and 385.214). All such motions or protests should be filed on or before the comment date. Protests will be considered by the Commission in determining the appropriate action to be taken, but will not serve to make protestants parties to the proceeding. Any person wishing to become a party must file a motion to intervene. Copies of these filings are on file with the Commission and are available for public inspection. This filing may also be viewed on the Internet at http://www.ferc.fed.us/ online/rims.htm (call 202-208-2222 for assistance). Comments, protests, and interventions may be filed electronically via the internet in lieu of paper. See, 18 CFR 385.2001(a)(1)(iii) and the instructions on the Commission's web site at http://www.ferc.fed.us/efi/doorbell.htm. David P. Boergers, Secretary. [FR Doc. 01-8459 Filed 4-5-01; 8:45 am] BILLING CODE 6717-01-P Notices Transwestern Pipeline Company; Notice of Application 04/06/2001 Federal Register 18238 Copyright © 2001 Federal Information & News Dispatch, Inc. All rights reserved April 2, 2001. Take notice that on March 29, 2001, Transwestern Pipeline Company, P.O. Box 3330, Omaha, Nebraska 68103-0330, in Docket No. CP01-115-000 filed an application pursuant to Sections 7(b) and © of the Natural Gas Act for permission and approval for Transco to replace mainline compression facilities at four existing compressor stations in Arizona, all as more fully set forth in the application which is on file with the Commission and open to public inspection. This filing may be viewed on the web at http://www.ferc.fed.us/online/rims.htm (call 202-208-2222 for assistance). Specifically, Transwestern proposes to abandon in place twelve existing drivers and compressors, totaling 49,500 horsepower, at Stations 1, 2, 3 and 4; and install operate a 41,500 ISO-rated horsepower turbine centrifugal compressor at each of the four stations. Transwestern also requests, to ensure a smooth transition to the new compressor units, to maintain the ability to operate the existing facilities up to six months after the installation of the new units. It is stated that the new units will require less maintenance activity than the existing units as well as operate more efficiently in flowing more gas through its system. Transwestern states that result of the project it will be able to provide incremental capacity of approximately 150,000 Mcf per day on its mainline from Thoreau, New Mexico to California, increasing its total capacity to California to 1,240,000 Mcf per day. It is indicated that the proposed modification will enable it to meet the supply and demand imbalance in the California area. Transwestern proposes to place the facilities into service by June 1, 2002. Transwestern estimates the cost for the proposed construction to be approximately $93,300,000, to be financed with internally-generated funds. Transwestern also states that it is not at this time requesting rolled-in pricing for the new facilities, and understands that it will be at risk for the recovery of costs associated with the proposed modifications. Any questions regarding the application should be directed to Keith L. Petersen, at (402) 398-7421. There are two ways to become involved in the Commission's review of this project. First, any person wishing to obtain legal status by becoming a party to the proceedings for this project should, on or before April 16, 2001, file with the Federal Energy Regulatory Commission, 888 First Street, NE, Washington, DC 20426, a motion to intervene in accordance with the requirements of the Commission's Rules of Practice and Procedure (18 CFR 385.214 or 385.211) and the Regulations under the NGA (18 CFR 157.10). A person obtaining party status will be placed on the service list maintained by the Secretary of the Commission and will receive copies of all documents filed by the applicant and by all other parties. A party must submit 14 copies of filings made with the Commission and must mail a copy to the applicant and to every other party in the proceeding. Only parties to the proceeding can ask for court review of Commission orders in the proceeding. However, a person does not have to intervene in order to have comments considered. The second way to participate is by filing with the Secretary of the Commission, as soon as possible, an original and two copies of comments in support of or in opposition to this project. The Commission will consider these comments in determining the appropriate action to be taken, but the filing of a comment alone will not serve to make the filer a party to the proceeding. The Commission's rules require that persons filing comments in opposition to the project provide copies of their protests only to the party or parties directly involved in the protest. Persons who wish to comment only on the environmental review of this project should submit an original and two copies of their comments to the Secretary of the Commission. Environmental commenters will be placed on the Commission's environmental mailing list, will receive copies of the environmental documents, and will be notified of meetings associated with the Commission's environmental review process. Environmental commenters will not be required to serve copies of filed documents on all other parties. However, the non-party commenters will not receive copies of all documents filed by other parties or issued by the Commission (except for the mailing of environmental documents issued by the Commission) and will not have the right to seek court review of the Commission's final order. [Page Number 18239] The Commission may issue a preliminary determination of non-environmental issues prior to the completion of its review of the environmental aspects of the project. This preliminary determination typically considers such issues as the need for the project and its economic effect on existing customers of the applicant, on other pipelines in the area, and on landowners and communities. For example, the Commission considers the extent to which the applicant may need to exercise eminent domain to obtain rights-of-way for the proposed project and balances that against the non-environmental benefits to be provided by the project. Therefore, if a person has comments on community and landowner impacts from this proposal, it is important either to file comments or to intervene as early in the process as possible. Also, comments protests, and interventions may be filed electronically via the internet in lieu of paper. See, 18 CFT 385.2001(a)(1)(iii) and the instructions on the Commission's web site at http://www.ferc.fed.us/efi/doorbell.htm. If the Commission decides to set the application for a formal hearing before an Administrative Law Judge, the Commission will issue another notice describing that process. At the end of the Commission's review process, a final Commission order approving or denying a certificate will be issued. Linwood A. Watson, Jr., Acting Secretary. [FR Doc. 01-8489 Filed 4-5-01; 8:45 am] BILLING CODE 6717-01-M Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved. Verizon to Pitch Movies-on-Demand to Studios, Variety Says 2001-04-06 15:29 (New York) New York, April 6 (Bloomberg) -- Verizon Communications Inc. is offering movie studios millions of dollars in incentive fees and other inducements to try to interest the studios in its high- speed Internet movie-on-demand service, Variety magazine reported. Metro-Goldwyn-Mayer Inc., AOL Time Warner Inc.'s Warner Bros. and Sony Corp. are expected to meet with the telephone company beginning next week, the magazine said. Verizon has completed market tests of the service in Washington, and has placed tens of millions of dollars in orders for television set-top boxes in order to begin offering the service as early as June, the magazine said. An agreement could hurt plans by Enron Corp. to attract the studios as partners for a service it planned with Viacom Inc.'s Blockbuster Entertainment unit, the magazine said. Enron and Blockbuster ended their exclusive relationship last month. (Variety.com 4-6) For the Web site of Variety.com, see {VRTY <GO<}. --Rachel Katz in the Princeton newsroom at (609) 279-4116, or at rkatz3@bloomberg.net/jjs
|