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=09 =09 [IMAGE] [IMAGE] [IMAGE] Wednesday, January 23, 2002 Home - Email Pr= eferences - Account [IMAGE] [IMAGE] [IMAGE] SITE= MENU [IMAGE] [IMAGE] News Power News Gas News Prices Sto= ck Market Snapshots Industry M & A Power Plants Nuclear Data = Power Marketing Data Company Profiles Investor Owned Utilities = Cooperatives Municipals State / Federal [IMAGE] [IMAGE] S= PONSORS [IMAGE] [IMAGE] [IMAGE] [IMAGE] RER [IMAGE] LODESTAR CORPORAT= ION [IMAGE] Silicon Energy [IMAGE] The Structure Group [IMAGE] Allegr= o Development [IMAGE] Itron [IMAGE] KWI [IMAGE] Excelergy [IMAGE] E= nergy Solutions Plus, Inc. [IMAGE] [IMAGE] TALK TO US [IMAGE] [IM= AGE] Ideas Wanted! We are eager to hear your ideas, feedback, and suggesti= ons for this product. Together we will create the most useful information = tool for the electric power industry. Partners Wanted! Reach over 25,000= electric power professionals with your news, analysis, commentary or insi= ght into the industry. Call Mark Johnson at 303-782-5510 [IMAGE] [IMA= GE] ELECTRIC POWER NEWS - TOP STORIES [IMAGE] [IMAGE] [IMAGE] Energy C= entral's editors have selected these as the top stories of the day: Domi= nion Virginia Power Still Aims to Transfer Power Plants By Greg Edwards, R= ichmond Times-Dispatch, Va., Jan. 22 N. Korea says facing serious electrici= ty shortage SEOUL, Jan 22 (Reuters) No Ruling in Alleged Enron Shredding = By KRISTEN HAYS Associated Press Writer, HOUSTON, Jan 22, 2002 (AP Online = via COMTEX) -- Russian electricity monopoly's management recommends spinnin= g off high-voltage grid MOSCOW, Jan 22, 2002 (AP WorldStream via COMTEX) -= - Utility Consumer Advocate Seeks Fine against Florida Power over Complain= ts By Steve Huettel, St. Petersburg Times, Fla., Jan. 22 [IMAGE] [IMAG= E] ELECTRIC POWER NEWS - MOST REQUESTED [IMAGE] [IMAGE] [IMAGE] These = stories have been most requested by Energy Central members in the last two = weeks. Ex-Enron Execs Launch Own Firm By BILL BERGSTROM AP Business= Writer, PHILADELPHIA, Jan 14, 2002 (AP Online via COMTEX) -- PJM, Midwest= ISO may form vast US electricity market WASHINGTON, Jan 9 (Reuters) C= ourt overturns approval of AEP, Central SW merger By Julie Vorman, WASH= INGTON, Jan 18 (Reuters) Virginia Prepares for Deregulation of Electricity= Market By Greg Edwards, Richmond Times-Dispatch, Va., Jan. 12 Report = Lists Snags in Texas Electric Deregulation By R.A. Dyer, Fort Worth Sta= r-Telegram, Texas, Jan. 11 [IMAGE] [IMAGE] GAS INDUSTRY NEWS - TOP ST= ORIES [IMAGE] [IMAGE] [IMAGE] Energy Central's editors have selected the= se as the top stories of the day: Iran formally begins gas exports to Tu= rkey through new pipeline ISTANBUL, Turkey, Jan 22, 2002 (AP WorldStream = via COMTEX) -- Norway's PGS sells unit to Sinochem for $215 mln OSLO, Jan = 22 (Reuters) - Offshore Contractor GlobalSantaFe Remains Optimistic about G= ulf of Mexico By Nelson Antosh, Houston Chronicle, Jan. 22 US seeks indust= ry interest in Alaska natgas drilling WASHINGTON, Jan 22 (Reuters) [IMAG= E] [IMAGE] [IMAGE] OPEC Trial [IMAGE] [IMAGE] IN THIS ISSUE = [IMAGE] [IMAGE] [IMAGE] Daily Edition for paul.d.thomas@enron.com [IM= AGE] Welcome to Energy Central Professional Dispatch, your new expanded and= exclusive e-mail news service. In addition to the Dispatch a new subscri= ber only Web site (http://pro.energycentral.com) has been established. A= s a current subscriber or trial user you may simply use the site menu to t= he left to access additional valuable information and resources. Should y= ou have any questions please e-mail mark@energycentral.com. [IMAGE] = Electric Power News Restructuring Today RER's eMetrix Load Forecast: CAL= ISO Electric Power News - Top Stories Electric Power News - Most Request= ed Gas Industry News - Top Stories Selected Content Not In This = Issue Utility Spotlight - Every Monday Utility Stock Price - Top Gainers = - Each Tuesday [IMAGE] [IMAGE] [IMAGE] ELECTRIC POWER NEWS [= IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] Selected 70 of 70 Articles Today= ! THESE ARTICLES BROUGHT TO YOU BY ITRON OFFERS WEB-BASED, WIRELES= S WORKFORCE MANAGEMENT SOLUTION. Service-Link, developed by eMobile Data a= nd marketed to the utility industry exclusively by Itron, combines the pow= er of the Internet and the speed of wireless communications to take field = operations to the next level. Service-Link is a low-cost, fully integrated= application to manage virtually all field service tasks - service turn on= s/turn offs, gas leak detection, credit and collections, meter services an= d emergency calls - quickly and efficiently, while eliminating the labor-= intensive manual processing of work orders. To know more, start here: http= ://www.itron.com . [IMAGE] [IMAGE] Why are Microsoft, IBM, HP, Oracle= and Sun so focused on incorporating "Web services" into their products? H= ere's what one energy executive says: "We've been benefiting from Excelerg= y's Web-based XML services since we implemented their products two years a= go, and they've always been on the leading edge in terms of technology inn= ovation, so their leadership in Web services is no surprise...Our key proc= esses have become significantly more automated. We couldn't be more please= d." Want to learn more about how Excelergy's products can automate your b= illing, trading and other vital processes - saving your business time and = money? Contact jay.obrien@excelergy.com or 781-372-5003. http://www.exceler= gy.com Top Stories Dominion Virginia Power Still Aims to Transf= er Power Plants By Greg Edwards, Richmond Times-Dispatch, Va., Jan. 22 Do= minion Virginia Power has taken the first step toward appealing the State C= orporation Commission's denial of the utility's request to rid itself of it= s power plants. [IMAGE] No Ruling in Alleged Enron Shredding By KRIST= EN HAYS Associated Press Writer, HOUSTON, Jan 22, 2002 (AP Online via COMTE= X) -- A judge prodded parties in a lawsuit against Enron Corp. on Tuesday t= o work out a plan to halt the destruction of documents. [IMAGE] Utility = Consumer Advocate Seeks Fine against Florida Power over Complaints By Ste= ve Huettel, St. Petersburg Times, Fla., Jan. 22 Citing increased customer c= omplaints during Florida Power's first year of out-of-state ownership, the = state's utility consumer advocate said Monday he will ask regulators to fin= e the utility $7.5-million. [IMAGE] N. Korea says facing serious electri= city shortage SEOUL, Jan 22 (Reuters) North Korea said on Tuesday it was = suffering from a worsening electricity shortage due to years of natural dis= asters and the failure of the United States to implement a $4.6 billion nuc= lear reactor project. [IMAGE] Russian electricity monopoly's management = recommends spinning off high-voltage grid MOSCOW, Jan 22, 2002 (AP WorldS= tream via COMTEX) -- The management of Russia's electricity monopoly Unifi= ed Energy Systems said Tuesday that it had recommended establishment of an = independent grid company into which UES will spin off the national high-vol= tage grid, part of an ambitious reform plan aimed at attracting private inv= estment. National Energy Policy Bush Promotes Energy Plan, Jobs = By SCOTT LINDLAW Associated Press Writer, BELLE, W.Va., Jan 22, 2002 (AP O= nline via COMTEX) -- Touring coal country, President Bush said Tuesday that= passage of his energy strategy is a matter of national security and econom= ic health, and insisted coal is crucial to weaning the country from foreign= fuel dependency. Competition & Deregulation NMPRC Issues Electric= Energy Policy Jan. 22 (California Energy Markets) The New Mexico Public = Regulation Commission on January 8 approved a resolution adopting an electr= ic energy policy for that state [3668]. Special Offer from this Publisher! = [IMAGE] ADVERTISEMENT 6th Annual Distributed Generation & On-site Po= wer Conference - March 11-13, 2002, in Atlanta, GA. This year's program is= again the leader in addressing the issues of viable systems for improving= power quality & reducing energy costs. For more information, visit our we= b site at: http://www.dist-gen.com or call 508-823-5797. Mergers, = Acquisitions & Divestitures Electrabel eyes Enron Spanish project BRU= SSELS, Jan 22 (Reuters) Belgian utility Electrabel said on Tuesday it was t= alking with failed U.S. energy giant Enron with a view to taking over a pow= er plant building project in Spain. Powergen scraps planned sale of C= ombined Heat and Power business LONDON, Jan 22, 2002 (AFX-Europe via COMT= EX) -- Powergen PLC will not be proceeding with the sale of Powergen CHP, = its Combined Heat and Power business. Economic affairs minister exami= nes E.ON application Jan 22, 2002, (Frankfurter Allgemeine Zeitung /FT In= formation via COMTEX) -- German minister for economic affairs Werner Mulle= r is to examine an application by E.ON AG, the energy group, for permission= to acquire a majority stake in gas supplier Ruhrgas AG. EnBW conside= ring its largest acquisition to date Jan 22, 2002, (Frankfurter Allgemein= e Zeitung /FT Information via COMTEX) -- Energie Baden-Wurttemberg AG (EnB= W), Germany's third-largest energy group, plans to acquire a package of sha= res in its smaller rival Neckarwerke Stuttgart AG (NWS) from the municipali= ty of Stuttgart, thus securing an interest of almost 75 per cent in NWS, su= bject to approval by the Stuttgart local council. Enron's Indian vent= ure's bidding terms set By INDRAJIT BASU, UPI Business Correspondent, CAL= CUTTA, India, Jan 22, 2002 (United Press International via COMTEX) -- The = sale of bankrupt Enron Corp.'s 65 percent stake in its $2.9 billion Indian = subsidiary, Dabhol Power Company, took a decisive turn Monday when its lend= ers announced their selling terms and a detailed four-month schedule for bi= dders. New Review of AEP / CSW Merger Calls Repeal of PUHCA Into Ques= tion Once Again by Will McNamara, IssueAlert, Jan. 21 (Scientech) A feder= al appeals court on Jan. 18 directed a review of the $4.37-billion acquisit= ion of Central and South West Power Corp. (CSW) by Ohio-based American Elec= tric Power, a merger that was completed 18 months ago. Special Offer from t= his Publisher! Legislation/Regulation US Congress gears up for hi= gh-profile Enron hearings By Kevin Drawbaugh, WASHINGTON, Jan 22 (Reuters= ) Congress is planning six hearings over the next four weeks into the spect= acular collapse of Enron Corp., with Democrats searching for links between = the fallen energy trader and the Bush administration. Bush says Enron= duped his mother-in-law By KATHY A. GAMBRELL, UPI White House Reporter, = WASHINGTON, Jan 22, 2002 (United Press International via COMTEX) -- Presid= ent George W. Bush on Tuesday expressed outrage that Enron Corp. stockholde= rs did not know the facts about the company before its financial collapse a= nd vowed that the federal government would take action to protect sharehold= ers -- like his mother-in-law. Virginia Committee Approves Plan to Tr= im Powers of Corporation Commission By Greg Edwards, Richmond Times-Dispa= tch, Va., Jan. 22 A General Assembly committee has endorsed killing the Sta= te Corporation Commission's authority to consider the environment and other= issues when companies apply to build power plants and lines in Virginia. = Lawmaker says set to subpeona Andersen in Enron case WASHINGTON, Jan= 22 (Reuters) The head of a House of Representatives panel said Tuesday he = was set to subpoena testimony if necessary from Arthur Andersen LLP, the fi= red auditors of collapsed Enron Corp. FACTBOX-US congressional hearin= gs schedule on Enron issues WASHINGTON, Jan 22 (Reuters) Following are th= e six hearings which Congress has firmly scheduled on the collapse of Enron= Corp. and related regulatory issues over the next four weeks. Congre= ss could hamper Justice in Enron case-experts By Susan Cornwell, WASHINGT= ON, Jan 22 (Reuters) As Congress pursues a raft of investigations into the = collapse of Enron Corp., some experts warn that lawmakers' zeal could trip = up the Justice Department's criminal probe. Bush Enron strategy may b= ackfire By MARTIN SIEFF, UPI Senior News Analyst, WASHINGTON, Jan 22, 200= 2 (United Press International via COMTEX) -- President George W. Bush is ha= nging tough and not giving an inch on growing Democratic demands to open th= e records on the energy giant Enron and its links with his administration. = Former Treasury, Commerce Officials Comment on Government Role with E= nron Case By James Rosen, The Sacramento Bee, Calif., Jan. 21 Former trea= sury and commerce secretaries from both parties, fascinated from afar by th= e Enron Corp. saga, say they see nothing wrong in the Bush administration's= response to the dramatic fall of the energy giant. SEC advises bette= r disclosure on Enron-like deals WASHINGTON, Jan 22 (Reuters) Federal reg= ulators told companies on Tuesday as they prepare their annual reports that= better disclosure is needed for off-balance sheet deals and other accounti= ng methods associated with fallen energy trader Enron Corp. Feds Orde= r Price Controls On Three Power Producers Jan 22 - The Augusta Chronicle = Federal regulators are imposing new price controls on power producers that = dominate their markets, hoping to head off electricity price spikes such as= the ones that crippled California a year ago. Rates AUSTRALIAN ST= ATE TO SEE INCREASE IN ELECTRICITY BILLS SYDNEY, Jan 22, 2002 (AsiaPulse = via COMTEX) -- New South Wales (NSW) electricity bills are set to rise sli= ghtly under state government changes aimed at reducing greenhouse gas emiss= ions. Deals/Contracts Tokyo Electric Power to sell natural gas to = Nippon Steel TOKYO, Jan 21, 2002 (Kyodo via COMTEX) -- Tokyo Electric Po= wer Co. (TEPCO) will annually sell 30,000 tons of natural gas to Nippon Ste= el Corp. starting in 2003, the first deal for the nation's top power suppli= er to retail natural gas, sources close to the deal said Tuesday. Powe= r Pricing/Supply East Power Slip as Bearish Weather Generates Sleepy Tr= ade Jan. 22 (Btu's Daily Power Report) Amid forecasts for mild weather we= akening demand through the bulk of the week, spot prices tumbled at hubs ac= ross the Eastern U.S. for Wednesday delivery. Special Offer from this Publi= sher! Power Projects Seven Electricity Plants in the Works for Ne= w Mexico By Rosalie Rayburn, Albuquerque Journal, N.M., Jan. 21 The Weste= rn power market looks bright to power companies committed to building seven= power plants in New Mexico by 2007, when the state plans to allow retail e= lectricity competition. Atlanta-Based Power Plant Company to Continue= with Plans in Wisconsin By Lee Hawkins Jr., Milwaukee Journal Sentinel, = Jan.21 Mirant Corp., an Atlanta power plant developer, said Friday it will = move forward with plans to build a 930-megawatt merchant plant in Wisconsin= , despite a recent decision to scale back expansion nationwide. Endes= a units to invest 207 mln usd in Brazil power plant; Mitusi to build MADR= ID, Jan 22, 2002 (AFX-Europe via COMTEX) -- Endesa SA said its Endesa Inte= rnacional and Enersis SA units plan to invest a total of 207 mln usd in a 3= 10 megawatt combined-cycle electricity generating plant in the state of Cea= ra, northern Brazil. Legal Houston Law Firm Vinson & Elkins Avoids= Enron Onslaught By Mary Flood, Houston Chronicle, Jan. 22 Though dozens = of lawsuits have been filed against Enron, its executives and auditors, one= party with deep pockets has dodged legal action: Milwaukee Charitabl= e Group Seeks Lead-Plaintiff Status in Enron Case By Tom Daykin, Milwauke= e Journal Sentinel, Jan. 21 A Milwaukee charitable organization could end u= p being a key player among the dozens of investment fraud lawsuits filed ag= ainst scandal-ridden Enron Corp. Renewables Utilities Eye Green Po= wer for Georgia By Christopher Schwarzen, The Macon Telegraph, Ga., Jan. = 22 Green power won't replace coal-burning power plants any time soon in Geo= rgia, but two opportunities will provide a start. Spain consolidates = position as second-largest producer of wind energy in world Jan 22, 2002,= (Expansion /FT Information via COMTEX) -- Installed wind energy capacity = in Spain reached 3,337 megawatt hours in 2001, up 33.37 per cent on the fig= ure at the end of 2000. Spain govt to investigate Abengoa's wind ener= gy ops sale to Netherland's Nuon MADRID, Jan 22, 2002 (AFX-Europe via COM= TEX) -- Abengoa SA said the the economy ministry has opened an investigati= on into the sale of the company's wind energy business to NV Nuon of the Ne= therlands. China to Develop Upper-Reaches of The Yangtze River Jan = 22, 2002 - Xinhua News Agency China will start building two hydropower stat= ions in the next four years in Jinshajiang, on the upper reaches of the Yan= gtze River. Energy Efficiency/Conservation Los Angeles Conservatio= n Specialists Assess In-Home Energy Efficiency By Helen Gao, Daily News, = Los Angeles, Jan. 22 The key to cutting residential utility bills isn't eli= minating the one big energy-waster, but rather, taking a series of small me= asures that have cumulative impact, experts say. People Enron Chai= rman Lay Sold Off Company Stock to Pay Loans By David Ivanovich, Houston = Chronicle, Jan. 22 Chairman Ken Lay repeatedly sold his Enron stock to pay = off lines of credit advanced to him by the corporation, not because he had = lost faith in the company, an Enron spokesman said Monday. Former Pil= ipinas Shell country chairman candidate for Napocor presidency MANILA, Ja= n 21, 2002 (AFX-Asia via COMTEX) -- Former Pilipinas Shell Petroleum Corp = country chairman Oscar Reyes is one of the candidates being considered by P= resident Gloria Arroyo to head the National Power Corp, Energy Secretary Vi= cente Perez said. Former Chairman of South Carolina Utility Company D= ies at Age 81 By Kimathi Lewis, The State, Columbia, S.C., Jan. 21 Virgil= Clifton Summer Jr. was an unassuming man of few words, his friends and co-= workers say. Labor/Human Resources Laid-Off Enron Workers Hoping f= or Help from Funds By Mike Snyder, Houston Chronicle, Jan. 22 After four = years working for Enron, Crystal Reyna expected a promotion last year. = Former Enron Workers Air Complaints on CNN By Julie Mason, Houston Chro= nicle, Jan. 21 A former Enron Corp. employee who lost nearly $2 million in = retirement savings said Sunday that workers were never informed that their = investments were in peril. Environmental Kenosha, Wis.-Area Power = Plant's Mercury-Reduction Experiment Cuts Emissions By Judy Newman, The W= isconsin State Journal, Jan. 22 A mercury reduction experiment at the Pleas= ant Prairie power plant near Kenosha Wisconsin's biggest coal-fired power p= lant slashed emissions of the hazardous substance by 40 to 60 percent, a st= ate utility company said Monday. Nuclear Mich. 789-MW Palisades nu= ke at 35 pct power SAN FRANCISCO, Jan 22 (Reuters) Consumers Energy's 789= -megawatt Palisades nuclear plant in Michigan was running at 35 percent pow= er early Tuesday after completing a refueling and maintenance outage that b= egan June 2001, the company said in a statement. US panel okays 33-pc= t duties on French uranium WASHINGTON, Jan 22 (Reuters) - A U.S. trade pa= nel on Tuesday gave final approval to import duties totaling nearly 33 perc= ent on shipments of more than $200 million worth of nuclear power plant fue= l from France. Reprocessed nuclear waste arrives at Rokkasho from Fra= nce ROKKASHO, Japan, Jan 22, 2002 (Kyodo via COMTEX) -- A cargo of repro= cessed highly radioactive nuclear waste arrived Tuesday on board a British = freighter at Mutsu-Ogawara port in Rokkasho village, Aomori Prefecture. = Russia And USA Near Agreement On Nuclear-Fuel Supplies Moscow, Russia,= Jan 22, 2002 (RosBusinessConsulting via COMTEX) -- A standoff between the= Nuclear Power Ministry and a private U.S. company over Russian uranium sup= plies used to produce some 10 percent of America's electricity looks set to= be resolved before deliveries are interrupted. Bulgarian, Greek prim= e ministers discuss controversial nuclear plant SOFIA, Bulgaria, Jan 22, = 2002 (AP WorldStream via COMTEX) -- Bulgaria's prime minister on Tuesday a= ssured his Greek colleague that Bulgaria will honor its commitment to close= four of a total of six reactors at its only nuclear plant. Chernobyl= checks security of nuclear storage after uranium smuggling case in Belarus= KIEV, Ukraine, Jan 22, 2002 (AP WorldStream via COMTEX) -- Ukraine's Ch= ernobyl nuclear power plant is examining how well its nuclear fuel is guard= ed after a case of uranium smuggling was uncovered in neighboring Belarus, = plant officials said in a statement Tuesday. Russia to help shut down= reactors at Bulgaria Kozlodui NPP MOSCOW, Jan 22, 2002 (Itar-Tass via CO= MTEX) -- The Russian Atomic Energy Ministry will help to shut down four VV= ER-440 reactors at the Kozlodui nuclear power plant in Bulgaria by the agre= ement between Bulgarian Deputy Prime Minister, Economics Minister Nikolay V= asilev and Russian Atomic Energy Minister Alexander Rumyantsev. Russi= ans Shut Down 3 Nuke Plants MOSCOW, Jan 22, 2002 (AP Online via COMTEX) -= - Reactors at three Russian nuclear plants were shut down in recent days b= ecause of malfunctions, nuclear energy officials said Tuesday. Freedo= m Party threatens with new elections, throwing government into a crisis B= y ROLAND PRINZ Associated Press Writer, VIENNA, Austria, Jan 22, 2002 (AP W= orldStream via COMTEX) -- A petition seeking a shutdown of a much-disputed = Czech nuclear plant on Tuesday plunged the Austrian coalition government in= to a deep crisis. Russian and Bulgarian economic leaders discuss trad= e, oil, nuclear Jan 22 - Associated Press Senior Russian and Bulgarian ec= onomic officials held talks in Moscow on Tuesday on trade, oil projects and= the possible return to Bulgaria of nuclear waste that Russia imports and r= eprocesses, Russian media reports said. Financial Routine 401(k) D= ecision for Enron Became Costly Flashpoint By Alan Bernstein, Houston Chr= onicle, Jan. 22 Eleven months ago, Enron began looking for another firm to = keep the records of its workers' retirement savings program, a bundle of 40= 1(k) accounts then worth about $1.6 billion. Enron created hidden str= uctures to inflate profit, enrich executives - lawyers Jan 22 - AFX Lawye= rs for Enron Corp shareholders and workers allege that Enron created comple= x, largely hidden financing structures to inflate its revenue and profit, h= ide debt from view, delay reporting losses and enrich some executives who r= an them, the Washington Post reported, citing confidential documents addres= sed to private investors in Sept 2000. Accounting Firms Are under Scr= utiny after Enron Case, Industry Experts Say By Megan Mulholland, The Pos= t-Crescent, Appleton, Wis., Jan. 22 The integrity of the accounting industr= y is in jeopardy after Enron's bankruptcy cast a shadow on the financial se= ctor, say local industry experts. Implications of Enron Debacle Terri= fy Financial Experts By Miriam Hill, The Philadelphia Inquirer, Jan. 22 S= hredded documents. Congressional investigations. Phone calls to the Preside= nt's men. Billions of dollars vanished. Financial - Ratings Centri= ca in focus after Schroders valuation-driven downgrade LONDON, Jan 22, 20= 02 (AFX-Europe via COMTEX) -- Centrica PLC was under the spotlight in earl= y deals, pressurised by a downgrade by influential broker Schroder Salomon = Smith Barney, which feels the energy group is fully valued at current level= s, dealers said. Financial - Results PPL could take Brazil-related= charges in '01, '02 ALLENTOWN, Pa., Jan 22 (Reuters) - Leading power pro= ducer and distributor PPL Corp. said on Tuesday that the effect of energy r= ationing in Brazil could result in "substantial" charges to its 2001 and 20= 02 earnings. Kansas City, Mo.-Based UtiliCorp United Expects Better E= arnings for 2001 By Steve Everly, The Kansas City Star, Mo., Jan. 22 Util= iCorp United Inc. said Monday that it expected earnings for the year to be = about 10 percent above 2000 levels. AEP fourth-quarter earnings fall = on weather, economy COLUMBUS, Ohio, Jan 22 (Reuters) Utility holding comp= any American Electric Power Co. Inc. said Tuesday its fourth-quarter earnin= gs fell 41 percent, blaming unusually mild weather and the weak economy. = PSEG fourth-quarter results fall on weather, economy NEWARK, N.J., Ja= n 22 (Reuters) Public Service Enterprise Group, owner of New Jersey's large= st gas and electric utility, said Tuesday fourth-quarter profits fell 6.7 p= ercent, citing mild weather and the slowing economy. Northeast swings= to profit in fourth quarter NEW YORK, Jan 22 (Reuters) - Northeast Utili= ties, New England's largest power distributor, on Tuesday posted a fourth-q= uarter profit, but results fell slightly short of Wall Street's consensus e= stimate as warmer-than-normal weather dampened demand. International = Belgian Energy Group to Shed Two Thai Plants By Srisamorn Phoosuphanus= orn, Bangkok Post, Thailand, Jan. 22 Tractebel, a Belgian energy group, pla= ns to sell its cogeneration plants in Samut Prakan and at Nong Khae in Sara= buri as part of a change in focus in the power industry. INDIA'S TROU= BLED DPC READY TO HAND OVER EVIDENCE TO HIGH COURT MUMBAI, Jan 22, 2002 (= AsiaPulse via COMTEX) -- Enron's troubled Dabhol Power Company (DPC) infor= med the Mumbai High Court that the code CDs and e-chips of its idle power p= lant were in India, and that it was ready to hand over these critical compo= nents to Industrial Development Bank of India (IDBI). Courts freeze R= $12.6mi of Enron in energy market Brazil, Jan 21, 2002 (Gazeta Mercantil/= SABI via COMTEX) -- The Eucatex company, which had a contract with Enron t= o sell energy from its Salto (Sao Paulo) thermoelectric plant, has succeede= d in having a Brazilian court freeze R$12.6mil in credits which Enron has i= n the MAE (Mercado Atacadista de Energia). Controversy in the privati= zation of electric companies Ecuador, Jan 21, 2002 (El Universo/SABI via = COMTEX) -- The privatization of 51% in the Ecuadorian electric power distr= ibution companies has became a controversial process with all the parts inv= olved on it putting pressures in the government. Fox Says Energy Refo= rm is Necessary Mexico, Jan 22, 2002 (BNamericas.com via COMTEX) -- Mexi= can President Vicente Fox has confirmed his support for reform of the count= ry's energy sector in an address to legislators and businessmen. Stat= e Power beefs up plans to create competitive sector Jan 22 - South China = Morning Post State Power has vowed to step up plans to reform the mainland'= s fragmented power sector and push through an ambitious capital- expenditur= e programme this year. Tractebel Head Has Several Reasons To Invest I= n Mexico MEXICO CITY, Jan 22, 2002 (Reforma/Corporate Mexico by Internet = Securities, Inc. via COMTEX) -- Tractebel International President Jean-Pie= rre Hansen denied that proposed changes to Mexican energy regulations are m= eant to benefit companies, and said they are meant to respond to growing en= ergy demand, reported Mexico City daily Reforma. AGL denies it has an= eye on CitiPower By Rod Myer, Jan 23, 2002 (The Age - ABIX via COMTEX) -= - Shares in energy group, Australian Gas Light (AGL), rose by 29.5 per cen= t on 22 January 2002. [IMAGE] Powered by Energy Central ? 2002 Cybe= rTech, Inc. All rights reserved. More News [IMAGE] [IMAGE] Top = [IMAGE] RESTRUCTURING TODAY [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMA= GE] January 22, 2002 ISO convinced DTE it's listening Alliance wasn't a= s convincing to DTE leaders NEPOOL shopping for ISO New England replac= ement AEP-CSW merger ruled out by appeals court Only Congress can repe= al PUHCA, jurists declare UK regulators assault competition myths = LA lawmakers find way to find, hold LADWP CEO Wiggs Perlman saddened = by Yzaguirre's leaving PSC may set NYSEG prices low enough to kill mar= ket Va holds up on merchant plants Restructuring Digest Po= wered By US Publishing ? 2002 US Publishing. All Rights Reserved. More I= nfo [IMAGE] [IMAGE] Top [IMAGE] RER'S EMETRIX LOAD FORECAST: CAL = ISO [IMAGE] [IMAGE] [IMAGE] [IMAGE] Actual and forecasted hourly lo= ad for CAL ISO. [IMAGE] CAL ISO Chart Powered By RER ? 2002 RER. All= Rights Reserved. [IMAGE] [IMAGE] Top [IMAGE] ABOUT ENERGY CENTRAL= PROFESSIONAL [IMAGE] [IMAGE] [IMAGE] This e-mail service is part of= an Energy Central Professional subscription. * Click here to change you= r preferences. * Visit Member Services to START, STOP, or CHANGE FORMAT= for all of your e-mail subscriptions. * To STOP receiving this service = click here or send a message to service@energycentral.com or call Member = Services at 303-782-5510. Press Releases Submit press releases and other= news to pr@energycentral.com . Sponsorship And Advertising For sponsors= hip or advertising info call sales at 303-782-5510. [IMAGE] [IMAGE] = [IMAGE] [IMAGE] Home - Feedback - Contact Us - About Energy Cent= ral [IMAGE] [IMAGE] [IMAGE] Copyright ? 1996-2002 = by CyberTech, Inc. All rights reserved. [IMAGE] Energy Cent= ral and Energy Central Professional are registered trademarks of CyberTech, Incorporated. 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