Energy Central Professional Dispatch

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STORIES [IMAGE] [IMAGE] [IMAGE] Energy Central's editors have selected t=
hese as the top stories of the day: Democrats see loopholes in power der=
egulation bill WASHINGTON, Jan 30 (Reuters) Enron fallout mounts as GAO to=
sue White House WASHINGTON/AMITYVILLE, N.Y., Jan 30 (Reuters) - FERC may =
boost Midwest ISO rate of return WASHINGTON, Jan 30 (Reuters) - Probe need=
ed into Enron's California deals-FERC WASHINGTON, Jan 30 (Reuters) - [IM=
AGE] [IMAGE] ELECTRIC POWER NEWS - MOST REQUESTED [IMAGE] [IMAGE] [I=
MAGE] These stories have been most requested by Energy Central members in t=
he last two weeks. Court overturns approval of AEP, Central SW merger =
By Julie Vorman, WASHINGTON, Jan 18 (Reuters) SPECIAL REPORT: U.S. Power=
Production Scorecard: Who Is Building New Power Plants, And Where? What Fu=
el Sources Will Be Used? by Will McNamara, IssueAlert, Jan. 16 (Sciente=
ch) Enron's Cutthroat Culture Is Deplored by Those It Served to Profit =
By Claudia Kolker, The Boston Globe, Jan. 27 Enron energy services client=
s may take profit hits By Carolyn Koo, NEW YORK, Jan 16 (Reuters) FERC=
to create electricity market monitoring unit WASHINGTON, Jan 16 (Reute=
rs) [IMAGE] [IMAGE] GAS INDUSTRY NEWS - TOP STORIES [IMAGE] [IMAGE=
] [IMAGE] Energy Central's editors have selected these as the top stories o=
f the day: Indonesia's Pertamina ready to bid for Devon assets JAKARTA,=
Jan 30 (Reuters) Pipeline Agreement Will Lead to Drop in Natural Gas Price=
s in St. Louis Area By Repps Hudson, St. Louis Post-Dispatch, Jan. 30 U.S.=
FERC approves larger nat gas line to Mexico WASHINGTON, Jan 30 (Reuters) =
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ed 86 of 86 Articles Today! THESE ARTICLES BROUGHT TO YOU BY Char=
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://www.energycentral.com/links/show_mi.cfm?id=3D100383 Top Stories =
Probe needed into Enron's California deals-FERC WASHINGTON, Jan 30 (R=
euters) - A member of the Federal Energy Regulatory Commission said Wednesd=
ay that the agency should investigate whether bankrupt Enron Corp. manipula=
ted wholesale electricity prices in California. [IMAGE] Enron fallout mo=
unts as GAO to sue White House WASHINGTON/AMITYVILLE, N.Y., Jan 30 (Reute=
rs) - Congressional investigators on Wednesday planned unprecedented court =
action to try to find out what role Enron Corp. and others played in develo=
ping the White House's energy plan, as the fallout mounted from the energy =
giant's spectacular failure. [IMAGE] Democrats see loopholes in power de=
regulation bill WASHINGTON, Jan 30 (Reuters) A draft Republican bill to d=
eregulate the U.S. power industry could create "potentially dangerous looph=
oles" for investor protection from companies like failed Enron Corp., two H=
ouse Democrats said on Wednesday. [IMAGE] FERC may boost Midwest ISO rat=
e of return WASHINGTON, Jan 30 (Reuters) - Federal regulators on Wednesda=
y said they would consider boosting the rates of return on Midwest electric=
ity transmission projects to attract more investment. Press Release =
Energy Solutions Plus, Inc. Reports Record Year Forest, Virginia, Janu=
ary 31, 2002 Energy Solutions Plus, Inc. (ESP), a premier provider of integ=
ration and consulting services to companies within the energy industry, ann=
ounced today strong results for the fiscal year ending December 31, 2001. N=
et revenue for FY2001 was approximately $13.08 million, the highest annual =
revenue in the company's history, representing an increase of 65 percent ov=
er FY2000. These results exceeded the company?s expectations by 9 percent o=
r approximately $1M. Energy Security Bush Prepares for More Super=
-Terror Jan 30, 2002 - United Press International President George W. Bus=
h spelled out an ambitious program for homeland security in his State of th=
e Union speech Tuesday night -- and the programs he announced appeared desi=
gned to deal with literal terrorist, nuclear and other attacks against Amer=
ican cities. [IMAGE] ADVERTISEMENT Gain exposure to thousands of ener=
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johnson@energycentral.com. http://www.energycentral.com/sections/research /=
National Energy Policy Bush makes scant mention of energy plan =
in speech By Chris Baltimore, WASHINGTON, Jan 29 (Reuters) Energy policy =
took a predictable back seat to national security in President George W. Bu=
sh's State of the Union address on Tuesday, with a call to Congress to pass=
comprehensive energy legislation. Daschle Targets Week of Feb. 11 fo=
r Senate Energy Debate Jan 30, 2002 - E?Publishing Senate Majority Leader=
Tom Daschle (D-S.D.) hopes to have a comprehensive energy bill ready for f=
loor action the week of Feb. 11, just in time to beat his self-imposed Pres=
idents Day recess deadline, a senior Democratic aide said last week. =
Memo Highlights Cheney-Enron Connection Jan 30, 2002 - E?Publishing The W=
hite House acknowledged yesterday that elements of the Bush administration'=
s energy policy resembled aspects of a memo from former Enron Chairman Kenn=
eth Lay to Vice President Dick Cheney written last April. GOP to Figh=
t Planned GAO Lawsuit By JESSE J. HOLLAND Associated Press Writer, WASHIN=
GTON, Jan 30, 2002 (AP Online via COMTEX) -- Republicans say they may take =
action to stop congressional investigators from suing Vice President Dick C=
heney to get information on business executives who met with him and his ai=
des on energy policy. Competition & Deregulation Fort Worth, Texas=
, Power Company Gears Up to Woo Customers in Dallas, Houston By Dan Pille=
r, Fort Worth Star-Telegram, Texas, Jan. 29 First Choice Power of Fort Wort=
h, which under its incarnation as Texas New Mexico Power was a company that=
couldn't serve the state's largest markets, now has a ticket to the Big Sh=
ow. Plans For Power Deregulation Stay Alive Despite Enron Mess By R=
ussell Grantham, The Atlanta Journal-Constitution, Jan. 29 The collapse of =
Enron won't derail efforts to deregulate the electrical power and other ene=
rgy markets, the nation's top energy regulator said Monday. Mergers, A=
cquisitions & Divestitures E.ON gets war chest windfall from Veba/BP de=
al FRANKFURT, Jan 30 (Reuters) - Germany's E.ON AG said on Wednesday that=
proceeds from the sale of its Veba Oel unit would exceed original estimate=
s, bolstering the war chest of the group which is still on the prowl for ac=
quisitions. Mont. Regulators OK Power Co. Sale By BOB ANEZ Associat=
ed Press Writer, HELENA, Mont., Jan 29, 2002 (AP Online via COMTEX) -- The =
state Public Service Commission unanimously approved an agreement Tuesday t=
hat lets Montana Power Co. sell the last of its utility holdings and reduce=
the size of a rate increase expected in July. TransCanada PipeLines =
looks at large power opportunities in near future JAMES STEVENSON, CALGAR=
Y, Jan 29, 2002 (The Canadian Press via COMTEX) -- TransCanada PipeLines is=
rapidly growing its power generation business and is in pursuit of further=
acquisitions, the company said Tuesday. Legislation/Regulation En=
ron's Demise Didn't Affect Energy Markets in Short Term, Experts Say By K=
aren Masterson, Houston Chronicle, Jan. 30 Experts concluded Tuesday that E=
nron's collapse had no short-term negative impact on energy markets, but so=
me cautioned that inadequate disclosure requirements may have hidden the co=
mpany's influence over California's electricity markets and contributed to =
the state's energy crisis last year. U.S. House Broadens Sphere of En=
ron Probe, Targeting Andersen's Roles By Julie Mason, Houston Chronicle, =
Jan. 30 House investigators Tuesday widened the scope of the Enron probe, t=
argeting the dual roles served by Arthur Andersen in consulting and auditin=
g at the energy company. Congressional Committee Asks Andersen for Do=
cuments Related to Enron Chicago Tribune, Jan. 30 A congressional committ=
ee asked the Andersen accounting firm Tuesday to turn over documents relate=
d to the consulting work that the Chicago-based company did for Enron Corp.=
, the energy and commodities trading giant now in bankruptcy. Enron A=
dmits Error in Lobbying Costs By PETE YOST Associated Press Writer, WASHI=
NGTON, Jan 30, 2002 (AP Online via COMTEX) -- Enron Corp. apparently failed=
to disclose many of its lobbying expenses to Congress last year as the ene=
rgy trader headed toward financial disaster. Bingaman Plugs Transpare=
nt Energy Markets at Enron Hearing Jan 30, 2002 - E?Publishing U.S. energ=
y markets may have reacted well following Enron Corp.'s collapse, but that =
doesn't mean Congress should shy away from tightening regulations in the fa=
ce of a general lack of industry transparency, Senate Energy Committee Chai=
rman Jeff Bingaman (D-N.M.) said Tuesday. West Applauds Ferc Investig=
ation of Enron Role in Power Crisis Jan 30, 2002 - E?Publishing West Coas=
t politicians and utilities welcomed yesterday's announcement by Federal En=
ergy Regulatory Commission Chairman Pat Wood that the commission will inves=
tigate whether Enron manipulated energy prices during the power crisis in 2=
000 and 2001. FACTBOX-Congress hearings schedule on Enron/Andersen =
WASHINGTON, Jan 29 (Reuters) Following are the hearings which Congress has =
firmly scheduled on the collapse of Enron Corp., its auditor Andersen, and =
related regulatory issues over the coming weeks. Rates Regulatory =
staff propose Puget Sound Energy receive $42 million in interim-rate relief=
OLYMPIA, Wash., Jan. 30 (News Release) Due to uncertain energy and finan=
cial markets, regulatory staff today recommended Puget Sound Energy (PSE) r=
eceive a $42 million electric rate increase. General Andersen Unde=
r Gun to Salvage Lost Data Chicago Tribune, Jan. 30 Prodded by a Texas ju=
dge, the Andersen accounting firm has launched an aggressive campaign to re=
trieve Enron Corp. records destroyed by its Houston staff, but many of the =
missing documents never will be recovered, plaintiffs' lawyers and others s=
ay. Enron Was Open Book that No One Could Read By Gregg Fields, The=
Miami Herald, Jan. 28 In sifting through the carnage of Enron, the largest=
bankruptcy in American history, the accusations and scandals belie one sal=
ient fact: Until the roof started caving in, Enron operated by the book. =
Governor Asks Florida Lawmakers to Consider Suing Firm Over Enron Stock=
By Nancy Cook Lauer, Tallahassee Democrat, Fla., Jan. 30 Two new investi=
gations into Florida's disastrous experience with Enron stock were launched=
Tuesday. Developments related to the Enron collapse and investigatio=
n Jan 30 - Associated Press Developments related to the Enron collapse an=
d investigation: Texan Attends State of the Union to Keep Focus on Vi=
ctimized Enron Employees By Maria Recio, Fort Worth Star-Telegram, Texas,=
Jan. 30 President Bush probably didn't see Debbie Perrotta peering down at=
him Tuesday night from the visitors gallery of the House of Representative=
s, but she was there -- representing the victimized employees of Enron Corp=
. King County, Wash., Utility Taxes Take a Bite Here, Bite There By=
Mike Lindblom, The Seattle Times, Jan. 29 Every month, when David Plummer =
of Bellevue opens his utility bills, he can't help but resent the fine prin=
t. Xcel Energy Finishes Moving Utilities for Light Rail Project in Mi=
nneapolis By Toni Coleman, Saint Paul Pioneer Press, Minn., Jan. 30 Despi=
te earlier consternation, Xcel Energy actually beat the court-ordered Feb. =
1 deadline for moving its downtown Minneapolis utility lines so that Hiawat=
ha Corridor light rail transit construction could proceed on schedule. =
Trading/Marketing Sempra agrees to buy Enron metals unit for $145 mln =
STAMFORD, Conn, Jan 29 (Reuters) - Sempra Energy said on Tuesday it had a=
greed to pay about $145 million for the metals unit of Enron Corp., the lat=
est business sold by the bankrupt energy trading giant. Deals/Contract=
s GE Energy wins KEPCO unit contract SEOUL, Jan 30 (Reuters) Korea We=
stern Power Co, a wholly-owned unit of power monopoly Korea Electric Power =
Corp (KEPCO) said on Wednesday it had signed a contract with GE Energy A.S.=
of Norway for the supply of turbines and boilers to be used in the buildin=
g of two power plants. Power Pricing/Supply NE Cash Climbs on Cold=
, Elsewhere Firms as Demand Limited Jan. 30 (Btu's Daily Power Report) Co=
oler weather and late elevations in next day clearing prices sent the value=
for power traded at hubs in the northern reaches of the Eastern U.S. highe=
r for Thursday. Special Offer from this Publisher! New CEO to Resurr=
ect Enron Jan. 29 (Energy Market Report) Heavy load energy costs for Wedn=
esday delivery turned in mixed results in the Western U.S. on Tuesday, refl=
ecting varying weather forecasts in different regions. Special Offer from t=
his Publisher! Transmission & Reliability New England Electric Gr=
id, New York Grid Take Step toward Merger By Peter J. Howe, The Boston Gl=
obe, Jan. 30 ISO New England, the Holyoke-based organization that runs the =
New England electric grid, took a step yesterday toward merging with the Ne=
w York grid -- and fending off a takeover by the Pennsylvania-New Jersey gr=
id that has been pushed by President Bush's administration. Northwest=
House Members Still Fighting Ferc On Rto Design Jan 30, 2002 - E?Publish=
ing Federal Energy Regulatory Commission Chairman Pat Wood's vision of a na=
tional power grid managed by four large regional transmission organizations=
(RTOs) again caught heat last week from a small but vocal group of lawmake=
rs from the Pacific Northwest who believe their region should be left out o=
f Wood's grand plan. Power Projects South Carolina Regulators Reje=
ct Plan for Merchant Power Plant By Dave L?Heureux, The State, Columbia, =
S.C., Jan. 30 State utility regulators Tuesday rejected an application to b=
uild a controversial merchant power plant in Greenville County. Oppos=
ition Mounts against Calpine Gas-Fired Power Generator in Fort Mill, S.C. =
By Sula Pettibon, The Herald, Rock Hill, S.C., Jan. 29 Opposition is mount=
ing toward a $400 million gas-fired electric generator in Fort Mill, with a=
local citizens' group and the state chapter of the Sierra Club supporting =
a moratorium. Macao Builds Power Plant MACAO, Jan 30, 2002 (Xinhua =
via COMTEX) -- Construction of an environment- friendly power plant has st=
arted in the Macao Special Administrative Region (SAR) to address the regio=
n's increasing power demands in the coming decade. Legal Shadow of=
Enron Debacle Falls on Houston Law Firm Vinson & Elkins By Mark Curriden=
, The Dallas Morning News, Jan. 30 Vinson & Elkins, one of Texas' largest a=
nd most prestigious law firms, pocketed $30 million last year working for E=
nron Corp., its biggest and most prized client. Enron Workers Seek Go=
-Ahead for Class-Action Suit By Rosanna Ruiz, Houston Chronicle, Jan. 30 =
Attorneys representing Enron employees who lost money in the company's 401(=
k) plan have asked a judge to let their class-action suit proceed even thou=
gh Enron is tied up in bankruptcy court. University of California Hir=
es Law Firm to Recover Investments in Enron The Sacramento Bee, Calif., J=
an. 30 Facing an uphill battle to recover $144.7 million lost investing in =
Enron Corp., the University of California has hired America's most successf=
ul and controversial securities-fraud law firm -- a firm that has recovered=
billions of dollars for shareholders but is reportedly under investigation=
for improper tactics. Legal experts disagree on GAO-Cheney dispute =
By Susan Cornwell, WASHINGTON, Jan 30 (Reuters) Legal experts disagree ove=
r who has the better case as the U.S. Congress' investigative arm prepared =
a legal action to find out how President George. W Bush's energy policy was=
crafted. Plants Surry, Va., Group Returns from Calpine Power-Plan=
t Tour By Jessie Halladay, Daily Press, Newport News, Va., Jan. 29 A grou=
p of Surry County officials have returned from a trip to Florida with a hea=
rty dose of warmth and notebooks filled with power-plant information. =
Avista seeks water permit; Utility hopes to expand its Rathdrum plant amid=
concerns about drain on aquifer Jan 30 - Spokesman Review Avista Utiliti=
es applied for a water permit Friday to expand its 170-megawatt plant on th=
e eastern edge of Rathdrum. People Virginia Lawmakers Name Member =
of Corporate-Regulating Agency to Second Term By Terry Scanlon, Daily Pre=
ss, Newport News, Va., Jan. 30 The General Assembly re-elected Theodore V. =
Morrison Jr., a former Peninsula lawmaker, to another six-year term as a me=
mber of the State Corporation Commission after closed-door debates that tem=
porarily upheld the decision. Texas Attorney General Candidate Faces =
Questions on Law Firm's Ties to Enron By Clay Robison, Houston Chronicle,=
Jan. 30 The Republican candidate to succeed Texas Attorney General John Co=
rnyn is facing questions about potential conflicts similar to the ones that=
forced Cornyn to withdraw from his office's investigation into the Enron c=
ollapse. Texas Attorney General's Opinion Is Sought in Release of Enr=
on Suicide Note By Eric Hanson, Houston Chronicle, Jan. 30 The Police Dep=
artment says it will get an attorney general's ruling -- a process that cou=
ld take months -- before releasing the suicide note written by a former Enr=
on executive whose body was found in his car Friday. NEWSMAKER-Walker=
is unlikely Bush administration antagonist By Sue Pleming, WASHINGTON, J=
an 30 (Reuters) As a volunteer for President George W. Bush's father's pres=
idential campaign and a man with solid Republican credentials, David Walker=
seems an unlikely choice to wage a legal battle against the Bush administr=
ation. New Enron president no stranger to corporate storms By Dan W=
ilchins, NEW YORK, Jan 29 (Reuters) Jeff McMahon, promoted Tuesday to presi=
dent and chief operating officer at scandal-wracked Enron Corp., has a knac=
k for finding himself in the middle of corporate maelstroms. Enron CE=
O Cooper Rallies Employees By KRISTEN HAYS Associated Press Writer, HOUST=
ON, Jan 30, 2002 (AP Online via COMTEX) -- The restructuring specialist cho=
sen to help Enron Corp. emerge from bankruptcy told workers there that the =
fallen energy giant has enough strength to survive. Video shows Enron=
employee asked if Lay was on crack WASHINGTON, Jan 30 (Reuters) - An enr=
aged Enron employee asked then-boss Kenneth Lay if he was on crack during a=
staff meeting, videoed as the energy trading giant began to unravel and ai=
red on U.S. television on Wednesday. Conference Announcements Emer=
ging Trends Within the Merchant Energy Industry (Part 2) By Will McNamara=
, IssueAlert, Jan. 30 (Scientech) In continuation of a column I began yeste=
rday, the 6th Annual Merchant Plants conference, sponsored by the Center fo=
r Business Intelligence (CBI), ended yesterday in Houston. Special Offer fr=
om this Publisher! Labor/Human Resources Akron, Ohio-Based Utilit=
y Giant Cuts 265 Jobs in Pennsylvania, New Jersey The Patriot-News, Harri=
sburg, Pa., Jan. 30 FirstEnergy Corp. said Tuesday that 265 GPU Inc. manage=
ment and nonunion clerical and administrative employees in Pennsylvania and=
New Jersey will lose their jobs as a result of the merger of the two utili=
ty companies. Johnnie Cochran Plans to Lend Help to Enron Workers H=
ouston Chronicle, Jan. 30 The Rev. Al Sharpton said Tuesday that attorney J=
ohnnie Cochran will help represent Enron employees trying to recover lost r=
etirement savings. Constellation to cut work force by 10 percent NE=
W YORK, Jan 30 (Reuters) Constellation Energy Group on Wednesday said it pl=
ans to cut its work force by 10 percent in the first quarter. Jesse J=
ackson Rallies Enron Workers in DC Jan 30, 2002 - United Press Internatio=
nal The Rev. Jesse Jackson on Wednesday led over two-dozen former employees=
of bankrupt Enron Corp. to demand government compensation to make up for t=
heir losses. Xcel Energy to cut more jobs, fourth-quarter earnings up=
Jan 30, 2002 - Associated Press Xcel Energy said Wednesday that it is cu=
tting about 500 more jobs as it continues to fine-tune operations of the co=
mpany created by the merger of Northern States Power Co. and New Century En=
ergies. Fuel US, Kazakhstan to turn uranium into power fuel By A=
ndrea Shalal-Esa, WASHINGTON, Jan 30 (Reuters) The United States and Kazakh=
stan announced a joint venture on Wednesday to process uranium into fuel fo=
r commercial nuclear reactors and hopefully keep former Soviet atomic scien=
tists and engineers from being hired by rogue nations. Environmental =
NYC Council seeks cut in power plant CO2 emissions NEW YORK, Jan 30 (R=
euters) New York City Council member Peter Vallone Jr. reintroduced a bill =
that would require the city's power plants to reduce carbon dioxide emissio=
ns or face stiff fines, the council said in a statement Wednesday. Ma=
yor bids to reduce gases / Brown wants to change way S.F. uses energy Jan=
29 - San Francisco Chronicle In a classic example of thinking globally and=
acting locally, Mayor Willie Brown introduced a resolution yesterday to dr=
amatically reduce greenhouse gases over the next decade in San Francisco. =
Nuclear FERC OK's Entergy buy of Vermont Yankee nuke plant WASHIN=
GTON, Jan 30 (Reuters) The Federal Energy Regulatory Commission approved on=
Wednesday the $180 million sale of Vermont Yankee Nuclear Power Corp.'s nu=
clear plant to Entergy Corp. Dominion Drops the Word `Nuclear' from T=
hree Waterford, Conn., Plants By Paul Choiniere, The Day, New London, Con=
n., Jan. 29 What Shakespeare certainly never considered was whether a nucle=
ar plant by any other name would prove as controversial. Three Nuke P=
ower Plants Ready for Use This Year BEIJING, Jan 30, 2002 (Xinhua via COM=
TEX) -- Three of China's four nuclear power plants under construction are =
expected to begin operating this year, a Chinese nuclear official announced=
Wednesday. Independent Review Questions Approval of Yucca Mountain =
Jan 29 - Environment News Service Scientific uncertainties make it impossi=
ble to ensure that a proposed nuclear waste dump in Nevada would remain saf=
e for the thousands of years necessary to protect the environment, suggests=
a review by the Nuclear Waste Technical Review Board. Mitsubishi Hea=
vy Industries enters French nuclear power plant business TOKYO, Jan 30, 2=
002 (AP WorldStream via COMTEX) -- Mitsubishi Heavy Industries Ltd., Japan=
's largest heavy machinery maker, said Wednesday it will enter France's nuc=
lear power plant market in cooperation with a French firm. Financial =
Mirant Rebounds Following Assurances about Finances By Matthew C. Quin=
n, The Atlanta Journal-Constitution, Jan. 30 Mirant, reassuring investors f=
ollowing a drop in its stock price to as low as $8.75, said Tuesday it has =
the financial wherewithal to "conduct full business operations" despite las=
t month's credit rating downgrade. Auditors Begin Duke Power Investig=
ation The Charlotte Observer, N.C., Jan. 29 After a month-long debate ove=
r just how much access they would have to company records and employees, au=
ditors have begun reviewing Duke Power's accounts. N.C., S.C. Investi=
gate Duke Power Profits Jan 30, 2002 - E?Publishing Auditors hired by Nor=
th and South Carolina state regulators have started to investigate claims t=
hat Duke Power underreported nearly $100 million in profits over the past f=
our years. Utility Firm Considers Filing Telecommunications Reorganiz=
ation Plan in Texas By Dan Piller, Fort Worth Star-Telegram, Texas, Jan. =
27 Under a tight timetable and facing the possibility of foreclosure, CoSer=
v plans to file a reorganization plan for its telecommunications unit with =
the U.S. Bankruptcy Court sometime next week. Enron's Books Aren't th=
e Only Place Andersen Has Made Mistakes By Seth Borenstein, Knight Ridder=
, Jan. 30 Two years before their Enron Corp. work came under scrutiny, Arth=
ur Andersen auditors approved another client's inaccurate accounting. =
'Enron Effect' Rattles Investors By LISA SINGHANIA AP Business Writer, N=
EW YORK, Jan 30, 2002 (AP Online via COMTEX) -- Fears of another Enron-type=
scandal has become Wall Street's latest excuse to sell in an environment a=
lready plagued by uncertainty. Financial - Results Cost-Cutting, S=
trong Quarter Boost Chicago Utility's 2001 Earnings Report By Benjamin Y.=
Lowe, The Philadelphia Inquirer, Jan. 30 A stronger than expected fourth q=
uarter and vigorous cost-cutting enabled Exelon Corp. to report 2001 earnin=
gs yesterday toward the high end of its forecast range. First Energy =
earnings rise on lower costs NEW YORK, Jan 30 (Reuters) FirstEnergy Corp.=
, which delivers electricity to Ohio, Pennsylvania and New Jersey, on Wedne=
sday reported a 34 percent rise in fourth-quarter net income, helped by low=
er fuel and operating costs. Constellation reports fourth-quarter los=
s BALTIMORE, Jan 30 (Reuters) - Constellation Energy Group Inc. on Wednes=
day reported a steep fourth-quarter loss after booking a number of one-time=
charges, including the cost of shedding part of its work force. Inter=
national Lead lender invites bids for Enron's India plant By Anirban =
Nag, BOMBAY, Jan 30 (Reuters) The Industrial Development Bank of India (IDB=
I) said on Wednesday it was inviting bids for the stake held by foreign sha=
reholders in bankrupt Enron Corp's $2.9 billion Dabhol power project. =
Enron collapse subjects British government, opposition to accusations By=
ROBERT BARR Associated Press Writer, LONDON, Jan 30, 2002 (AP WorldStream =
via COMTEX) -- Enron's collapse has cast a shadow over Downing Street, with=
Prime Minister Tony Blair under pressure to explain how Enron won favorabl=
e government decisions after giving financial support to the Labor Party. =
Mexico says it will pull the plug on some electric subsidies; consumer=
s measuring the shock By LISA J. ADAMS Associated Press Writer, MEXICO CI=
TY, Jan 30, 2002 (AP WorldStream via COMTEX) -- Mexico's state-owned power =
utility is pulling the plug on some residential electricity subsidies, crea=
ting a surge of opposition and confusion across the country. Tenaga N=
asional to maintain low, competitive electricity production cost KUALA LU=
MPUR, Jan 29, 2002 (AFX-Asia via COMTEX) -- Tenaga Nasional Bhd will ensur=
e that it maintains a low and competitive electricity production cost in th=
e wake of increasing competition from other producers such as China, the co=
mpany's vice president of corporate affairs Md Sidek Ahmad said, according =
to Bernama news agency. Endesa to invest 18.5 mln eur in Canary Islan=
ds gas turbine project MADRID, Jan 30, 2002 (AFX-Europe via COMTEX) -- E=
ndesa SA said it plans to invest 18.5 mln eur in the installation of two ga=
s turbines in Tenerife, in the Canary Islands. French finance ministe=
r calls for energy diversification with "solid nuclear base" Jan 30, 2002=
, (Les Echos /FT Information via COMTEX) -- The French finance minister, L=
aurent Fabius, yesterday said that France must diversify its energy sources=
, while retaining a "solid nuclear base". Goiais government gives up =
privatising Celg Brazil, Jan 29, 2002 (Gazeta Mercantil/SABI via COMTEX) =
-- The government of Goiais does not believe it can privatise the electric=
power company Celg (Companhia Energetica de Goiais) and submitted to the f=
ederal government a proposal concerning the settlement of accounts with the=
Union that may result in a future transfer of the company' control to Elet=
robras. Enersis to review power contracts in Argentina Chile, Jan 3=
0, 2002 (El Mercurio/SABI via COMTEX) -- February is a key month for the C=
hilean electric utility Enersis, as the Argentinean government will start r=
eviewing the electric concession contracts, that may affect Edesur, the pow=
er distributor in the Buenos Aires area. Electric companies lose mill=
ions in Argentina due to devaluation Buenos Aires, Jan 30, 2002 (EFE via =
COMTEX) -- Argentine electric companies, most of them foreign, estimate th=
at they will lose some $2.9 billion due to the devaluation of the peso afte=
r it was allowed to float after 10 years of parity between the peso and the=
U.S. dollar. Edelnor Profit Warning over Gas Supply Problems Chile=
, Jan 30, 2002 (BNamericas.com via COMTEX) -- Chilean electricity generato=
r Edelnor warned the market on Wednesday (Jan.30) about possible negative e=
ffects on its profits after natural gas supplies were suspended due to dama=
ge on the Norandino gas pipeline. Electric power losses at high level=
Ecuador, Jan 30, 2002 (El Comercio/SABI via COMTEX) -- Ecuadorian power=
distribution companies registered leaks of 25% in 2001 incurring losses of=
US$100mil, when the acceptable rate is 10%. [IMAGE] Powered by Energ=
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What was wrong with EnronOnline? New era begins; FERC sets 13% ROI for=
MISO Enron gets CEO Retail web exchange hit $250 million Se=
nators pick up on McCullough's price dip view Do industrials lean towa=
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