Power Update -- FERC member won't oppose SoCalEd power grid sale

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

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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 g=
rid
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=
=20
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=20
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 tim=
e.
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=
=20
all
state investigations against alleged gouging of power prices by producers i=
n
exchange for "possible monetary concessions" by the company.

( Story .16061 )

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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 Econo=
mic
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=
=20
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 holdin=
g=20
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 th=
e
market is poised for possible price spikes due to warm weather moving in fo=
r
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&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 &a=
mp;
Electric's California Gas Transmission system by 30% from June 10 through 3=
0.
,

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 f=
rom
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 an=
d 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 Ma=
y
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. Earli=
er
the company had said its consolidated net profit would amount to the=20
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=3Dmar/category=3Dn-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&A Digest

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SYMBOL LINKS:

Click below for adamb chart in Athena NATURAL GAS

NYMEX - Media://Chart:NYMEX:/symbol=3DUS@NG.1

IPE - Media://Chart:IPE:/symbol=3DGB@NGP.1 NYMEX ELECTRICITY

Palo Verde electricity - Media://Chart:PaloVerde:/symbol=3DUS@VK.1

COB electricity- Media://Chart:COB:/symbol=3DUS@OW.1

Cinergy electricity - Media://Chart:Cinergy:/symbol=3DUS@CN.1

Entergy electricity - Media://Chart:Entergy:/symbol=3DUS@NT.1

PJM electricity - Media://Chart:PJM:/symbol=3DUS@QJ.1

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Bridge News

Send comments to Internet address: energy@bridge.com

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