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---------------------- 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 Registered Web subscribers can access the full-text of these articles by using the URL link supplied. If your E-mail system does not support live Web links, you can copy and paste the URL into your browser's location bar to go directly to the specified article. Information about becoming a subscriber is available at http://www.bna.com/explore or call Customer Relations at 1-800-372-1033. __________ 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_ __________ Energy Executive Daily (ISSN 1522-7561) is published each business day by The Bureau of National Affairs, Inc., 1231 25th St., N.W., Washington, DC 20037. For Customer Service including subscriptions and address changes, call 800-372-1033. For retransmissions, more information or to order text, call BNA PLUS at 800-452-7773 (202-452-4323 in DC), Fax # 202-452-4644, Internet: bnaplus@bna.com. Copyright © 1999 by The Bureau of National Affairs, Inc. Washington, D.C. 20037. Use of this service is subject to the terms and conditions of the license agreement with BNA. Unauthorized access or distribution is prohibited.
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