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=09 =09 [IMAGE] [IMAGE] [IMAGE] Monday, January 28, 2002 Home - Email Prefe= rences - Account [IMAGE] [IMAGE] [IMAGE] SITE ME= NU [IMAGE] [IMAGE] News Power News Gas News Prices Stock = Market Snapshots Industry M & A Power Plants Nuclear Data = Power Marketing Data Company Profiles Investor Owned Utilities C= ooperatives Municipals State / Federal [IMAGE] [IMAGE] NEW = CONTENT! [IMAGE] [IMAGE] Include the following in your Energy Central = Direct: EREN Network News A weekly newsletter from the U.S. Department of= Energy's (DOE) Energy Efficiency and Renewable Energy Network (EREN). In= tercontinentalExchange Gas Indices See the Firm Physical Natural Gas trade= d at over 20 hubs through the IntercontinentalExchange trading platform. = [IMAGE] [IMAGE] SPONSORS [IMAGE] [IMAGE] [IMAGE] [IMAGE] Silicon = Energy [IMAGE] The Structure Group [IMAGE] Allegro Development [IMAGE= ] Itron [IMAGE] KWI [IMAGE] Excelergy [IMAGE] Energy Solutions Plus, = Inc. [IMAGE] RER [IMAGE] LODESTAR CORPORATION [IMAGE] [IMAGE] TA= LK TO US [IMAGE] [IMAGE] Ideas Wanted! We are eager to hear your ideas,= feedback, and suggestions for this product. Together we will create the m= ost useful information tool for the electric power industry. Partners Wan= ted! Reach over 50,000 electric power professionals with your news, analys= is, commentary or insight into the industry. Call Mark Johnson at 303-782-= 5510 [IMAGE] [IMAGE] AdvertisementLODESTAR CORPORATION ELECTRIC= POWER NEWS - TOP STORIES [IMAGE] [IMAGE] [IMAGE] Energy Central's edito= rs have selected these as the top stories of the day: As Heat Increases,= White House Will Examine Contracts with Enron, Andersen By Bennett Roth, = Houston Chronicle, Jan. 26 Attorneys in Nevada Utility's Rate Case Take Dep= ositions from Executives By John G. Edwards, Las Vegas Review-Journal, Jan= . 25 Calif. rejects $219 mln Sempra power settlement SAN FRANCISCO, Jan 25= (Reuters) FERC audit shows flaws in Calif power grid operator By Chris Ba= ltimore, WASHINGTON, Jan 25 (Reuters) [IMAGE] [IMAGE] ELECTRIC POWER = NEWS - MOST REQUESTED [IMAGE] [IMAGE] [IMAGE] These stories have been mo= st requested by Energy Central members in the last two weeks. Ex-Enron E= xecs Launch Own Firm By BILL BERGSTROM AP Business Writer, PHILADELPHI= A, Jan 14, 2002 (AP Online via COMTEX) -- SPECIAL REPORT: U.S. Power Produ= ction Scorecard: Who Is Building New Power Plants, And Where? What Fuel Sou= rces Will Be Used? by Will McNamara, IssueAlert, Jan. 16 (Scientech) 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: Alberta Energy, PanCanadian in merger = talks CALGARY, Alberta, Jan 25 (Reuters) - CFTC approves Merchants Exchang= e energy futures WASHINGTON, Jan 25 (Reuters) - Kansas Utilities Seek to R= ecoup Losses from Unpaid Bills By Scott Rothschild, Journal-World, Lawrenc= e, Kan., Jan. 25 [IMAGE] [IMAGE] [IMAGE] Distributed Generation = Case Studies [IMAGE] [IMAGE] IN THIS ISSUE [IMAGE] [IMAGE] [IMAGE]= Daily Edition for paul.d.thomas@enron.com [IMAGE] Electric Power Ne= ws Restructuring Today Utility Spotlight RER's eMetrix Load Forecast: C= AL ISO Electric Power News - Top Stories Electric Power News - Most Reque= sted Gas Industry News - Top Stories Selected Content Not In Thi= s Issue Utility Stock Price - Top Gainers - Each Tuesday [IMAGE] [IM= AGE] [IMAGE] ELECTRIC POWER NEWS [IMAGE] [IMAGE] [IMAGE] [IMAG= E] [IMAGE] Selected 95 of 95 Articles Today! THESE ARTICLES BROUGHT T= O YOU BY Why are Microsoft, IBM, HP, Oracle and Sun so focused on incor= porating "Web services" into their products? Here's what one energy execut= ive says: "We've been benefiting from Excelergy's Web-based XML services = since we implemented their products two years ago, and they've always been= on the leading edge in terms of technology innovation, so their leadershi= p in Web services is no surprise...Our key processes have become significa= ntly more automated. We couldn't be more pleased." Want to learn more abou= t how Excelergy's products can automate your billing, trading and other vi= tal processes - saving your business time and money? Contact jay.obrien@ex= celergy.com or 781-372-5003. http://www.excelergy.com [IMAGE] [IMAGE] = ITRON OFFERS WEB-BASED, WIRELESS WORKFORCE MANAGEMENT SOLUTION. Service= -Link, developed by eMobile Data and marketed to the utility industry excl= usively by Itron, combines the power of the Internet and the speed of wire= less communications to take field operations to the next level. Service-Li= nk is a low-cost, fully integrated application to manage virtually all fie= ld service tasks - service turn ons/turn offs, gas leak detection, credit = and collections, meter services and emergency calls - quickly and efficien= tly, while eliminating the labor-intensive manual processing of work order= s. To know more, start here: http://www.itron.com . Top Stories = FERC audit shows flaws in Calif power grid operator By Chris Baltimore, W= ASHINGTON, Jan 25 (Reuters) An independent audit of California's electricit= y grid operator unveiled on Friday by federal regulators revealed numerous = flaws in its governance which worsened the state's power crisis and will re= quire a massive overhaul. [IMAGE] Calif. rejects $219 mln Sempra power s= ettlement SAN FRANCISCO, Jan 25 (Reuters) California energy regulators ha= ve rejected a settlement proposed by Sempra Energy that seeks to split prof= its from power sales between customers of its utility, San Diego Gas and El= ectric Co., and the company's shareholders. [IMAGE] As Heat Increases, W= hite House Will Examine Contracts with Enron, Andersen By Bennett Roth, H= ouston Chronicle, Jan. 26 As pressure mounted on the Bush administration to= reveal more of its links to the beleaguered Enron Corp., the White House s= aid Friday that it will examine $70 million in federal contracts with the e= nergy company and its former accountant, Arthur Andersen. [IMAGE] Attorn= eys in Nevada Utility's Rate Case Take Depositions from Executives By Joh= n G. Edwards, Las Vegas Review-Journal, Jan. 25 While state regulators give= Nevada Power consumers an opportunity to vent their anger in public meetin= gs, attorneys are privately taking testimony from utility executives in pre= paration for hearings on the utility's $922 million rate case. Califo= rnia Crisis California Power Exchange Argues for Independence from Cred= itors Jan. 27 (California Energy Markets) The California Power Exchange's= Chapter 11 bankruptcy case has maintained an exceptionally low profile, la= rgely because there is little to fight over except passthrough debts. Speci= al Offer from this Publisher! Ratepayers Will Dig Deeper to Pay Edis= on Debt Jan. 27 (California Energy Markets) Despite strong opposition fro= m its consumer advocacy division, the California Public Utilities Commissio= n on January 23 unanimously approved a resolution on an advice letter by So= uthern California Edison to implement its settlement agreement with the com= mission to pay down the utility's estimated $3.57 billion debt [E-3765]. S= pecial Offer from this Publisher! National Energy Policy GAO bran= dishes lawsuit in energy task force probe WASHINGTON, Jan 25 (Reuters) - = Congress' top investigator said on Friday he will decide late next week whe= ther to take the Bush administration to court -- in a potentially historic = legal fight -- for withholding details about how it developed its controver= sial energy policy. W.House changed draft plan to help Enron-lawmaker= WASHINGTON, Jan 26 (Reuters) The White House apparently changed a draft = energy proposal circulated by the State Department last year to add a provi= sion aimed at helping energy-trader Enron Corp. in India, a Democratic lawm= aker says. [IMAGE] ADVERTISEMENT Gain exposure to thousands of energy= professionals with your company's white papers today. Energy Central, the= industry's most comprehensive on-line information resource is gathering w= hite papers for inclusion the newest section of its Research Report Center= . Don't be left out - to learn how to submit your white papers, e-mail mjo= hnson@energycentral.com. http://www.energycentral.com/sections/research / = Competition & Deregulation Deregulation Allows Virginia Consumers= to Shop for Electricity Rates By Michael Davis, The Virginian-Pilot, Nor= folk, Va., Jan. 25 What is deregulation? Florida Utility Chief Zaps E= nron Deregulation Push South Florida Sun-Sentinel, Jan. 25 Enron Corp. ma= y be down and out but that didn't stop a senior FPL Group Inc. official fro= m taking a dig at the company at a luncheon Thursday. Mergers, Acquisi= tions & Divestitures Coastal Pays US$11.3mn for Geosa Nicaragua, Jan = 25, 2002 (BNamericas.com via COMTEX) -- US-based power company Coastal acq= uired Thursday (Jan.24) the Nicaraguan generator Geosa for US$11.3mn, the o= nly state electricity company sold during the fourth attempt by state compa= ny Enel. AEP officials downplay court ruling Jan 24 - Tulsa World A= merican Electric Power completed its acquisition of Central South West Powe= r Corp. 19 months ago, becoming one of the largest electric companies in th= e nation. Pennsylvania Energy Giant PPL Buys Two Latham, N.Y., Firms = By Kenneth Aaron, Times Union, Albany, N.Y., Jan. 24 An energy giant look= ing to expand its offerings has bought a pair of Latham contracting firms. = Legislation/Regulation Arthur Andersen Draws Fire from Lawmakers f= or Delay before Halt of Shredding By Julie Mason, Houston Chronicle, Jan.= 25 Lawmakers on Thursday ferociously criticized Arthur Andersen for waitin= g weeks after a federal investigation was under way before halting in-house= destruction of Enron Corp. documents. US lawmakers seek loan data fr= om ex-Enron CEO Lay By Jeremy Pelofsky, WASHINGTON, Jan 25 (Reuters) U.S.= House of Representatives lawmakers on Friday asked former Enron Corp. chie= f Kenneth Lay to provide information on loans he received from the once hig= h-flying energy firm and on his sales of company stock. White House D= enies Political Adviser Has Ties to Ralph Reed's Enron Job The Atlanta Jo= urnal-Constitution, Jan. 26 White House aides Friday denied that Karl Rove,= the president's top political adviser, secured work for Republican strateg= ist Ralph Reed at Enron Corp. five years ago so that Reed would support the= Bush presidential campaign. Congressional Committee Promises Reform = to Prevent Future Enron Cases Knight Ridder Washington Bureau, Jan. 25 As= Enron's outside auditor tried to deflect the blame for shredding documents= onto a single fired employee, Congress on Thursday began to focus on preve= nting a repeat of the financial system's failure to protect investors and e= mployees hurt by the energy giant's collapse. US FERC to hold closed = meeting to mull investigation WASHINGTON, Jan 24 (Reuters) The Federal En= ergy Regulatory Commission said Thursday it will hold a rare, closed-door m= eeting next week to discuss a several issues, including the "possible initi= ation of an investigation." Entergy said overcharging for under-deliv= eries WASHINGTON, Jan 24 (Reuters) A dozen power generators have asked th= e Federal Energy Regulatory Commission to stop Entergy Corp. from charging = unfair rates for energy imbalances resulting from generation under-deliveri= es. Campaign-Finance Reform Bill Moves Forward as Enron's Fall Revive= s Issue By Roma Khanna, Houston Chronicle, Jan. 25 Long-sought legislatio= n to eliminate unregulated campaign contributions moved toward the House fl= oor Thursday, propelled by the perception that Enron Corp. purchased influe= nce with massive political donations. Rates Elizabeth City, Va., C= ity Council May Tackle Higher Power Costs By Jeffrey S. Hampton, The Virg= inian-Pilot, Norfolk, Va., Jan. 25 The agency that supplies electricity to = Elizabeth City has raised rates 6 percent this month and expects more incre= ases over the next several years. General Enron's Fall Puts Spotli= ght on Responsibilities of Board of Directors By Bill Deener, The Dallas = Morning News, Jan. 25 The fallout from Enron Corp.'s collapse has taken a m= ost predictable turn. U.S. Senate Candidate in Texas Defends Actions = Regarding Enron By Clay Robison, Houston Chronicle, Jan. 25 Enron cast a = shadow over the U.S. Senate race on Thursday as Republican candidate John C= ornyn, a major recipient of Enron donations, defended a decision to side wi= th the company in a regulatory dispute shortly before its collapse. S= even Enron Executives Made Millions from Stock By Melita Marie Garza, Chi= cago Tribune, Jan. 24 Seven officers of Enron Corp. unloaded as much as $17= 5 million worth of their company's shares last year in a stock-selling spre= e that was extraordinary even by the standards of the aggressive energy-tra= ding industry. Enron's Financial Chill Not Limited to Firm's Former E= mployees By Flynn McRoberts, Chicago Tribune, Jan. 26 The financial damag= e from Enron Corp.'s implosion extends far beyond the thousands of Enron em= ployees who lost their livelihoods. CHRONOLOGY - Rise and fall of ene= rgy giant Enron NEW YORK, Jan 25 (Reuters) Following are key dates in the= history of energy trading giant Enron Corp.: With death, Enron is ev= en greater human tragedy HOUSTON, Jan 26 (Reuters) - The suicide of forme= r Enron Corp. Vice Chairman J. Clifford Baxter on Friday showed that the un= folding Enron debacle is taking far more than a financial toll, mental heal= th experts said. Developments related to the Enron collapse and inves= tigation By The Associated Press, Jan 25, 2002 (AP WorldStream via COMTEX= ) -- Developments related to the Enron collapse and investigation: M= innesota Power's Electric Appliance Store to Close in Duluth, Minn. By Pe= ter Passi, Duluth News-Tribune, Minn., Jan. 26 Electric Odyssey, an electri= c appliance retailer owned by Minnesota Power, will end its journey in a ma= tter of days. Senate Candidate in Texas Vows Enron Scrutiny By Jack= Douglas Jr., Fort Worth Star-Telegram, Texas, Jan. 25 Former Austin Mayor = Kirk Watson, a candidate for state attorney general, said Thursday that the= investigation of Enron Corp.'s financial collapse means that "Texas is in = a tough situation." Houston's Astros Field Inquiries over New Brand f= or Ballpark By Joseph Duarte, Houston Chronicle, Jan. 25 While the fate o= f Enron remains in limbo, there is no shortage of takers wanting to put the= ir name on the Astros' 2-year-old downtown ballpark. Charities Hurt B= y Enron Collapse Jan 25 - Associated Press One of Enron Corp.'s largest c= haritable beneficiaries expected a $6 million donation by March, but the Un= ited Way of the Texas Gulf Coast isn't counting on it. Trading/Marketi= ng Enron Unit's Motive for Hiding Losses May Be Unlawful By Tom Fowle= r, Houston Chronicle, Jan. 26 When Enron's energy-services unit slid its tr= ading operations under the umbrella of its wholesale marketing arm last spr= ing, it said the move was all about efficiency. Williams plays Enron'= s game, but with caution Jan 25 - Tulsa World Amid sky-high energy prices= last January, Williams Cos. Inc. made an unusual boast for an energy compa= ny. New Technologies/Markets Cable System Is Link to Plains Townsh= ip, Pa.-Area High-Tech Development By Jerry Lynott, The Times Leader, Wil= kes-Barre, Pa., Jan. 24 What the railroads and interstate highways were to = economic development in the past, high-speed data networks are to the futur= e, PPL Inc. officials said Wednesday in unveiling their fiber-optic cable s= ystem. Online Access Planned Through Power Lines By Michael P Bruno= , GERMANTOWN, MARYLAND, Jan 25, 2002 (Newsbytes via COMTEX) -- A Germantow= n, Md. start-up that wants to make broadband Internet access as convenient = as the nearest electrical outlet has landed $10 million in venture capital.= Power Pricing/Supply Central Power Prices Suffer Under Winter Bre= ak, Excess Gas Jan. 25 (Btu's Daily Power Report) An influx of gas couple= d with an abundance of power and unseasonably warm weather that seems more = appropriate for spring rather than winter continued to depress Central powe= r today, with remaining fundamentals not providing much support for any sor= t of uptick. Special Offer from this Publisher! The Return of Enron?= Jan. 24 (Energy Market Report) While some Western hubs saw spot electric= ity prices for the Friday/Saturday package that were higher than those seen= for Thursday power, the bulk of transactions took place at lower levels du= e to reduced weekend demand. Special Offer from this Publisher! Trans= mission & Reliability Study Advises BPA Look at Non-Wires Alternatives = to Transmission Jan. 27 (Clearing Up) There are "potentially lower cost a= nd reliable alternatives" to expanding the Pacific Northwest transmission s= ystem, and BPA's transmission business line should incorporate consideratio= n of these alternatives into its transmission planning process. Special Off= er from this Publisher! Nstar plans to spend $65M more on fixes Ja= n 26 - Boston Herald The state's biggest utility plans to spend $65 million= on one- time projects this year to prevent outages like those that hit Bos= ton and Brookline during the heat wave and storms of last August, the compa= ny's head said yesterday. Power Projects Longview, Texas, Power-Pl= ant Agreement May Derail Plans to Protect Lake By Lee Hancock, The Dallas= Morning News, Jan. 25 An agreement by city officials to sell water for a n= ew power plant may derail neighboring Marshall's efforts to tap Caddo Lake = for the project, but lake advocates say their fight to protect Texas' only = naturally formed lake is not over. Hamburg To Get Report On Building = Electric Plant Jan 24 - Buffalo News - Financial Edition The Village of H= amburg is considering building its own electric plant, local officials have= confirmed. Legal No ruling yet in PG?bankruptcy case SAN FRANCI= SCO, Jan 25 (Reuters) - A federal judge presiding over the Pacific Gas and = Electric Co. bankruptcy case ended a marathon hearing on the company's rest= ructuring plan Friday with no word on how or when he might decide a critica= l dispute over federal and California laws. PG?Gets Constitutional La= w Scholar to Speak On Its Behalf in Court By Rick Jurgens, Contra Costa T= imes, Walnut Creek, Calif., Jan. 26 PG?Corp. sent a leading constitutional = law scholar to U.S. Bankruptcy Court Friday to persuade Judge Dennis Montal= i to preempt state laws that PG?claims would prevent it from paying off $14= billion in utility debt. Enron Was Top Contributor to Texas Supreme = Court Hopefuls, Analysis Finds By Max B. Baker, Fort Worth Star-Telegram,= Texas, Jan. 24 Texas Supreme Court judges received more campaign money fro= m Enron executives and the company's political action committee than from a= ny other corporate contributors, an analysis shows. Judge Approves De= positions on Enron Document Shredding By Rosanna Ruiz, Houston Chronicle,= Jan. 25 A federal judge has approved an order allowing attorneys for Enron= stockholders to take depositions from one former and five current employee= s of the company's auditing firm concerning document destruction. Cit= y Light Goes To Court To Collect $900,000 Owed By Enron Jan 26 - Seattle = Post - Intelligencer Seattle City Light ratepayers are among those left hol= ding the bag because of Enron's bankruptcy. Renewables Cinergy To = Unload Wind Portfolio Jan. 27 (Power Finance & Risk) Cincinnati-based Cin= ergy has put its 200 MW wind-farm portfolio--valued at approximately $200 m= illion--on the block and has retained J.P. Morgan to shop the assets. Speci= al Offer from this Publisher! Nevada Stake Great in Energy Debate = By Christine Dorsey, Las Vegas Review-Journal, Jan. 24 Democrats and Republ= icans alike are tossing around the buzzword "renewable" to frame the energy= debate expected to take place in the Senate as early as February. Ene= rgy Efficiency/Conservation Champaign, Ill., Students Learn to Audit Bu= sinesses for Energy Savings By Debra Pressey, The News-Gazette, Champaign= -Urbana, Ill., Jan. 24 What can a handful of downtown Champaign businesses = do to save money on energy costs? People Dozens of Depositions, Su= bpoenas Await Former Enron Chairman By Mary Flood, Houston Chronicle, Jan= . 25 Ken Lay's day job is likely now to be a professional defendant and wit= ness. Enron May Get New Boss Soon as Candidate Talks with Directors, = Creditors By David Ivanovich, Houston Chronicle, Jan. 25 A candidate tapp= ed by Enron's board of directors and largest creditors to assume the compan= y's helm will meet with Enron managers as early as today. Former Enro= n executive's death ruled a suicide HOUSTON, Jan 26 (Reuters) The death o= f former Enron Corp. Vice Chairman J. Clifford Baxter, who died of a gunsho= t wound to the head, has been ruled a suicide, the Harris County Medical Ex= aminer's Office said on Saturday. Visibility of Enron's Lay Fades in = Recent Weeks By Miles Moffeit, Fort Worth Star-Telegram, Texas, Jan. 25 K= en Lay officially resigned as chairman and chief executive from Enron Corp.= on Wednesday, but many colleagues and friends wonder if he didn't unoffici= ally leave the building on Smith Street weeks ago. Enron restructurin= g czar post may be hard to fill By Dane Hamilton, NEW YORK, Jan 24 (Reute= rs) Looking for the ultimate corporate challenge? Enron Corp. might just ha= ve the job for you. Congress should call Army chief about Enron-group= WASHINGTON, Jan 25 (Reuters) - A consumer watchdog group said on Friday = that Congress should call Army Secretary Thomas White to testify in the col= lapse of energy giant Enron, since he was formerly a high-ranking Enron exe= cutive. Enron Chief's Departure Creates Huge Civic Void in Houston = By Rachel Graves, Houston Chronicle, Jan. 25 Ken Lay was an icon in Houston= , a political and philanthropic force mentioned for years as a potential ma= yoral candidate. Wichita, Kan., Celebrates Career of African-American= Utility President By Dion Lefler, The Wichita Eagle, Kan., Jan. 25 About= 80 residents turned out Thursday for a reception at the Kansas African Ame= rican Museum to celebrate the career of Ron Holt, who retired earlier this = month as president of KGE. Enron's Lay cancels meeting with Jesse Jac= kson HOUSTON, Jan 24 (Reuters) - Former Enron Corp. chief executive Ken L= ay on Thursday canceled a meeting with civil rights activist Jesse Jackson,= who went to the company's headquarters anyway and called for laid off Enro= n workers to be reimbursed from money pocketed by company executives. = Labor/Human Resources Resignation of Enron CEO Prompts Mixed Reactions = from Former Workers By Mary Vuong, Houston Chronicle, Jan. 25 Overdue. Ap= propriate. Best for the company. Jesse Jackson Announces Bus Trip to = Washington D.C., with Former Enron Workers By Bill Murphy, Houston Chroni= cle, Jan. 26 The Rev. Jesse Jackson announced Friday that laid-off Enron em= ployees and their supporters are planning a bus caravan from Houston to Was= hington, D.C., next week to protest the federal government's failure to pro= vide relief to them. Akron, Ohio-Based FirstEnergy Corp. Plans Layoff= Announcement By Karen L. Miller, Reading Eagle, Pa., Jan. 25 The Ohio en= ergy company that owns GPU Inc. said Thursday that it plans to announce loc= al layoffs next week. More Layoffs at Invensys Power Systems in Ralei= gh, N.C., Bring Job Cuts to 600 By Dan Egbert, The News & Observer, Ralei= gh, N.C., Jan. 25 Invensys Power Systems has laid off, transferred and outs= ourced a third of the employees from its local operations, or about 600 wor= kers, over the past nine months, including the layoff of 70 employees last = week. Environmental New Jersey Utility to Install Pollution-Contro= l Measures at Plants, Pay Fine By Jerry Seper, The Washington Times, Jan.= 25 The Justice Department yesterday announced a settlement involving a New= Jersey company under which the firm will spend $337 million to install pol= lution-control measures at two coal-fired power plants in the state. N= uclear Las Vegas sues to halt nuclear dump WASHINGTON, Jan 25, 2002 (= United Press International via COMTEX) -- Las Vegas Mayor Oscar Goodman on= Thursday filed a lawsuit to stop Energy Secretary Spencer Abraham from rec= ommending that the nation's nuclear waste be buried in southern Nevada. = Director of disputed Czech nuclear plant says Austrians need not worry = PRAGUE, Czech Republic, Jan 25, 2002 (AP WorldStream via COMTEX) -- Austr= ian media and politicians have falsely persuaded Austrians that the dispute= d Czech Temelin nuclear plant is dangerous, the plant's director said in an= article published Friday. Bulgarian president calls for more experti= se on nuclear plant SOFIA, Bulgaria, Jan 27, 2002 (AP WorldStream via COM= TEX) -- Bulgarian President Georgi Parvanov called Sunday for experts to a= ssess the safety of two nuclear reactors before they are shut down at the i= nsistence of the European Union. Many uncertainties surround plan for= storing nuclear waste at Yucca Jan 26 - Associated Press A panel of scie= ntists says the Energy Department's plan to store nuclear waste in Nevada i= s fraught with uncertainties. Mich. 789-MW Palisades nuke returns to = full power SAN FRANCISCO, Jan 25 (Reuters) Consumers Energy's 789-megawat= t Palisades nuclear plant in Michigan has returned to full power, completin= g a refueling and maintenance outage that began June 2001, plant operator N= uclear Management Co. said in a statement. Financial E-Mail Reveal= s Arthur Andersen Auditing Software Raised `Red Alert' at Enron By Julie = Mason, Houston Chronicle, Jan. 26 The same day Arthur Andersen hired outsid= e counsel to handle lawsuits arising from Enron Corp., auditors issued an i= nternal "red alert" about possible fraud in the energy giant's financial st= atements. Analyst Says Failure of Accounting System Contributed to En= ron Collapse By Aldo Svaldi, The Denver Post, Jan. 25 The collapse of Enr= on Corp. was not only a business failure but a failure of the country's acc= ounting system, Lynn Turner, director of the Center for Quality Financial R= eporting at Colorado State University, told U.S. senators Thursday morning.= Seattle Electric Utility Is Owed $900,000 by Enron By Jim Brunner,= The Seattle Times, Jan. 25 Add Seattle City Light to the considerable list= of creditors for Enron, the Houston-based energy giant that has fallen int= o bankruptcy and scandal in recent months. Former SEC Officials Seek = Auditing Overhaul after Enron Collapse By Tim Lemke, The Washington Times= , Jan. 25 Two former Securities and Exchange Commission officials said yest= erday that Enron's collapse underscores the need for sweeping changes in th= e current financial system, even though the Houston energy company ran into= trouble because it failed to follow existing rules. Constellation En= ergy files $2.3 bln debt offering WASHINGTON, Jan 25 (Reuters) - Constell= ation Energy Group Inc. filed on Friday with the Securities and Exchange Co= mmission to periodically sell up to $2.3 billion in debt securities. = American Electric Power unit files for $450 mln shelf WASHINGTON, Jan 25 = (Reuters) Appalachian Power Company, a unit of American Electric Power Co.,= filed with U.S. regulators on Friday to sell over time up to $450 million = worth of unsecured notes. EnBW postpones flotation Jan 25, 2002, (D= ie Welt /FT Information via COMTEX) -- Energie Baden-Wurttemberg AG (EnBW)= , Germany's third-largest power company, has decided against a stock market= flotation for the first half of 2002. As Enron stock tanked, some pr= ofessional money managers saw a bargain By ADAM GELLER AP Business Writer= , NEW YORK, Jan 26, 2002 (AP WorldStream via COMTEX) -- It wasn't just Enro= n employees and individual investors who bet heavily - and lost big - on th= e company's stock last fall. AEP Plots $1B Equity Offering Jan. 27 = (Power Finance & Risk) American Electric Power is considering issuing up to= $1 billion in common stock and convertibles to shore up its balance sheet = and also to ensure an investment-grade rating for its unregulated business = when it is spun off. Special Offer from this Publisher! In the Pink = of Things? Enron May Find Advantages in Being Delisted by the NYSE By Wil= l McNamara, IssueAlert, Jan. 25 (Scientech) The New York Stock Exchange (NY= SE) announced last week that it had suspended trading in Enron Corp. and mo= ved to delist the energy company's shares from the Big Board. Special Offer= from this Publisher! Enron Collapse Cost Nevada's Pension Plan $22 = Million By John G. Edwards, Las Vegas Review-Journal, Jan. 24 The collaps= e of Enron, the energy trading giant, cost Nevada's pension plan $22 millio= n in investment funds, but that represents less than a percentage point of = the plan's total $13.3 billion. Enron Collapse Won't Knock Out Large = Missouri Pension Funds By Leo John, St. Louis Post-Dispatch, Jan. 25 Larg= e state-employee and teacher pension funds in Missouri lost more than $33 m= illion in the collapse of Enron Corp. Financial - Ratings E.ON out= performs as Morgan Stanley repeats 'strong buy' LONDON, Jan 25, 2002 (AFX= -Europe via COMTEX) -- Shares in E.ON AG were outperforming in midmorning = trade after Morgan Stanley repeated its 'strong buy' rating on the stock, c= iting benefits from its ongoing restructuring, dealers said. Financial= - Results Atlanta-Based Utility Southern Co. Reports Higher Earnings f= or Quarter, Year By Matthew C. Quinn, The Atlanta Journal-Constitution, J= an. 25 Southern Co. reported better-than-expected fourth-quarter earnings T= hursday, capping a year in which net income rose 12.7 percent despite dampe= ned electricity demand. Duluth, Minn.-Based Utility Holding Firm Meet= s Its Goals for 2001 By Peter Passi, Duluth News-Tribune, Minn., Jan. 25 = Allete Inc. warned analysts three months ago that its earnings probably wou= ld fall short of management's target for the year. But on Thursday, the Dul= uth-based company posted results for 2001 that met its goal. Exelon S= ays It Reported Incorrect Third-Quarter Figures By James P. Miller, Chica= go Tribune, Jan. 26 Commonwealth Ed parent Exelon Corp. said Friday it had = overstated its profits for the third quarter by $27 million because of a fl= awed estimate on the investment performance of a big Exelon trust fund--and= later overlooked data that made it clear the company had reported incorrec= t figures. New Mexico-Based Utility PNM Resources Reports 2001 Earnin= gs By Rosalie Rayburn, Albuquerque Journal, N.M., Jan. 24 Momentum from a= soaring wholesale power market early last year carried PNM through a decli= ning fourth quarter to end the year ahead of expectations, the company said= Wednesday. International Thailand Rating, Information Services Mo= nitors Ratings of Power Producer Bangkok Post, Thailand, Jan. 25 Thai Rat= ing and Information Services says it is monitoring ratings of Cogeneration = Plc (Coco) following the announcement by Tractebel Asia of its investment p= lans and restructuring. Thailand Sugar Producer to Expand Power Plant= s By Yuthana Praiwan, Bangkok Post, Thailand, Jan. 26 Mitr Phol Sugar Cor= p has set aside 2.36 billion baht to invest in power project expansion over= the next seven years, according to president Issara Vongkusolkit. Hy= dro-Quebec plans to invest C$11 bln on plants By Patrick White, QUEBEC CI= TY, Jan 24 (Reuters) Canadian electricity giant Hydro-Quebec said on Thursd= ay that it plans to invest C$11 billion ($6.9 billion) over the next 10 yea= rs on new power plants. Enron Australia administrators propose liquid= ation MELBOURNE, Jan 25 (Reuters) Enron Australia's administrators said o= n Friday they would recommend to a creditors' meeting on Tuesday that the c= ompany be placed in liquidation as disagreement continued over the value of= outstanding contracts. El Nino, rebels may force Colombia to ration = power BOGOTA, Colombia, Jan 25 (Reuters) Colombia could face electricity = rationing over the next three years, due to guerrilla attacks and the feare= d onset of the El Nino weather phenomenon which saps hydroelectric dams of = water supplies, the local generators' association said on Friday. Int= erest from Spanish, U.S. firms could delay sale of utility Quito, Jan 25,= 2002 (EFE via COMTEX) -- The recent interest shown by Spain's Iberdrola a= nd the U.S. firm Sempra Energy in purchasing Ecuador's electrical utility c= ould extend the timeframe for bidding. Enron Linked to Fox's Electric= Reform Mexico, Jan 25, 2002 (BNamericas.com via COMTEX) -- A highly-pla= ced executive of the Mexican subsidiary of US company Enron was linked to t= he project to reform Mexico's electricity sector to allow private participa= tion and end the state's monopoly, according to newspaper La Jornada. = CRE Gives Permission To Build Generation Plants MEXICO CITY, Jan 25, 200= 2 (El Universal/Corporate Mexico by Internet Securities, Inc. via COMTEX) -= - Mexico's Regulatory Energy Commission (CRE) issued two permissions for t= he generation of 17 megawatts of electricity for self-supply to Mexicana de= Electrogeneracion, allowing the company to further increase its national g= enerating capacity, reported Mexico City daily el Universal. Egyptian= minister on financing of major electricity projects Jan 26 - BBC Monitor= ing Middle East Dr Hasan Yunus, minister of electricity and energy, said Sa= turday [26 January] that the strategy of carrying out new major projects wi= ll rely, in the coming period, on self-finance, grants and easy loans from = Arab funds and international financial organizations to build new power sta= tions. [IMAGE] Powered by Energy Central ? 2002 CyberTech, Inc. All= rights reserved. More News [IMAGE] [IMAGE] Top [IMAGE] REST= RUCTURING TODAY [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] January 28,= 2002 Friday January 25 2002 John Baxter dead Market without = Enron does have costs senators told Enron legacy? Cleaner American pol= itics? . . . behind closed doors FERC to debate PJM ICAP penalty for n= ext meeting Law professor wants gatekeepers held accountable PG?b= ankruptcy ending near? Gov Davis opponent wants him to pay back Enron = Powered By US Publishing ? 2002 US Publishing. All Rights Reserved= . More Info [IMAGE] [IMAGE] Top [IMAGE] UTILITY SPOTLIGHT [I= MAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] January 22, 2002 Enron Expose W= idens, Affects Past, Present U.S., Andersen Officials Power Marketing = -- FERC Establishes Oversight Unit as Cal-ISO Produces Plan For Deadline = D.C. Current -- DOE Decision Dispels Some Doubt On Political Path to Yuc= ca Mountain D.C. Current -- Enron Situation Looks Bad; Reforms Unclear= Communications & PR -- Andersen May Be ?Better, Stronger? After Enron= Involvement?Berardino Communications & PR -- Houston, TX Communi= cations & PR -- Spokane, WA Natural Gas -- FERC Okays U.S. Part of $2= 30M, 215-Mile North Baja Pipeline Plan Natural Gas -- $153M Deal No Ef= fect on Progress Energy?S? Natural Gas -- Castle Shares Add 26% on Del= ta Sale Agreement Natural Gas -- 2001 Storage Ends 66% Above 2000 Leve= l?EIA Natural Gas -- Westcoast Energy Seeks Okay for C$338M Project = Nuclear -- Indian Point Closing Demands Backed By Vote of Local Governme= ntal Group Nuclear -- Stone & Webster Joins South African Project = Around the Circuit -- World, U.S. Defaults at Record High Totals in 2001?S= &P, Fitch Surveys Around the Circuit -- Duke Energy Poised for Expansi= on Moves Around the Circuit -- Calpine Gains on Plan to Control Spendi= ng Around the Circuit -- HTS Cable Demonstration Delayed for New Tests= Who's News Rates -- Conceding Misclassifications, NStar Refunds = of $1.45M Set for 24,000 Rates -- Gas Prices Down 30% in North Carolin= a, Study Says Contracts Enron Debacle Derails Utility Stock Marke= t Rally, Says Baird?s Parker Financial Focus: American Gas Index Fund = Presents Its Case Powered By Utility Spotlight ? 2002 Utility Spot= light. All Rights Reserved. More Info [IMAGE] [IMAGE] Top [IMAGE]= RER'S EMETRIX LOAD FORECAST: CAL ISO [IMAGE] [IMAGE] [IMAGE] Actu= al and forecasted hourly load for CAL ISO. [IMAGE] CAL ISO Chart Power= ed By RER ? 2002 RER. All Rights Reserved. Top [IMAGE] ABOUT ENERG= Y CENTRAL PROFESSIONAL [IMAGE] [IMAGE] [IMAGE] This e-mail service i= s part of an Energy Central Professional subscription. * Click here to c= hange your preferences. * Visit Member Services to START, STOP, or CHAN= GE FORMAT for all of your e-mail subscriptions. * To STOP receiving this= service click here or send a message to service@energycentral.com or cal= l Member Services at 303-782-5510. Press Releases Submit press releases = and other news to pr@energycentral.com . Sponsorship And Advertising For= sponsorship or advertising info call sales at 303-782-5510. [IMAGE] = [IMAGE] [IMAGE] [IMAGE] Home - Feedback - Contact Us - About En= ergy Central [IMAGE] [IMAGE] [IMAGE] Copyright ? 1= 996-2002 by CyberTech, Inc. All rights reserved. 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