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General Interest 2001 P

  • 01/09/2001 -- Western governors boost electricity conservation
    With power in short supply throughout the West, state regulators should adopt time-of-use electricity rates that send consumers appropriate price signals, nine western governors recommend in a white paper released Tuesday. The recommendation is one of several emergency proposals to avert electricity shortages and mitigate high prices this winter and next summer. They will be taken up during a Feb. 2 meeting of the Western Governors Association energy policy roundtable in Portland, Ore.
  • 01/09/2001 -- EIA increases winter heating bill projections
    The US Energy Information Administration, in its latest short-term energy outlook, warns that the homeowners using home heating oil will pay about 40% more this winter, despite recent drops in crude oil prices. It said households using gas will pay 70% above 1999-2000 levels.
  • 01/09/2001 -- NRG says it has set aside reserve for California bills
    NRG Energy Inc. said in a conference call with analysts Tuesday it reserved an undisclosed sum in case payment is not received for power sales in California. 'We have reserves for the fourth and first quarters,' said Craig Matacyznski, senior vice-president of NRG. The big independent power company emphasized, nevertheless, that all bills in California have been paid to date and expects to be paid in full for ongoing power sales.
  • 01/10/2001 -- Electric Power news briefs, January 10
    Dominion Resources Inc. ... South Carolina Electric & Gas ... AES NewEnergy Inc. ... Southern Energy Inc. ... Thermo Ecotek Corp. ... Tennessee Valley Authority ... Allegheny Technologies Inc. ... DukeSolutions ... Piedmont Natural Gas Co. ... Illinois Power Co. ... Alliance Transmission Co. LLC ... PPL Corp. ... Guardian Pipeline ... WESCO International Inc. ... Orton Utility Supply ... Gateway Energy Corp.
  • 01/11/2001 -- Storm cuts California power supply
    With California being pounded by a huge winter storm, the California Independent System Operator posted a Stage 2 emergency alert at dawn Thursday, warning the state may run short of electricity today. The ISO is not calling yet for interruptible customers to get off the system but advises utilities to inform those customers to be ready to shut off power. An enormous amount of generation is offline because of forced outages, including Diablo Canyon nuclear generating station, the ISO said.
  • 01/11/2001 -- ENI declares Petroz offer 'unconditional'
    ENI SPA said Thursday that its November offer to buy shares in Australia's Petroz NL was 'unconditional.' The bid is part of the Italian oil and gas company's strategy of expanding in Australia and Southeast Asia, while bolstering its position in the Timor Sea Bayu-Undan development. Through its earlier $0.56/share (Aus.) takeover bid for Petroz�later bettered by Phillips Petroleum Co.'s offer of $0.70�ENI bought 11.86% of Petroz shares.
  • 01/11/2001 -- Oil prices rise in anticipation of bigger OPEC cut
    Oil futures prices shot up Wednesday on international markets with speculation that the Organization of Petroleum Exporting Countries might make a bigger production cut next week than previously expected. US Energy Secretary Bill Richardson will meet with six OPEC ministers to push for a more moderate reduction.
  • 01/12/2001 -- Market watch, Jan. 12
    Energy futures were mixed on international markets Thursday, with US heating oil and natural gas prices dipping in anticipation of warmer weather, analysts said. The February contract for benchmark US sweet, light crudes slipped by 7� to $29.41/bbl on the New York Mercantile Exchange.
  • 01/12/2001 -- Berkley: Good response to data rooms
    Takeover target Berkley Petroleum Ltd., Calgary, said it received an enthusiastic response from potential buyers after it opened its data rooms to potential bidders Jan. 10. The company is fighting a $1.4 billion (Can.), $10/share hostile bid from Dallas-based Hunt Oil Co. It has described the offer as inadequate and opportunistic.
  • 01/13/2001 -- Bush administration faces pressure to draft national energy plan
    President-elect George W. Bush will face a number of challenges as he pushes for a national energy strategy this session of Congress.
  • 01/15/2001 -- Market watch, Jan. 15
    Energy futures prices climbed in trading on the New York Mercantile Exchange Friday. The crude and product markets rose on increasing expectations of a larger production cut by the Organization of Petroleum Exporting Countries at its ministerial meeting to be held in Vienna on Wednesday.
  • 01/15/2001 -- California Gov. Gray orders 5% cut in power use
    Fulfilling a US Energy Department mandate, California Gov. Gray Davis said the state will cut peak demand 5% or 1,600 Mw. US Energy Sec. Bill Richardson included the conservation measure as a condition for extending an emergency order requiring electricity generators to continue providing power to California and set a Tuesday deadline. Under the order, the California Independent System Operator (ISO) must submit a progress report to the Energy Department by Tuesday.
  • 01/15/2001 -- ISSUES & ANALYSIS: Duke executive touts convergence strategy
    Harvey Padewer, group president Duke Energy Services, says convergence of the natural gas and power industries is still a thriving concept, despite uncertainty about electric deregulation and high prices for gas and power. He says the key is maintaining a balanced portfolio assets across regions, time, and commodities.
  • 01/15/2001 -- Thailand attracts renewed interest among power companies
    Power plant developers are signaling a renewed interest in Thailand. International Power PLC, a global business spun off last October from the UK's National Power PLC, is seeking to build on its existing single Thai power plant with the acquisition of stakes in three power generation projects. In addition, Japan's Sumitomo Corp. and Switzerland's Electrowatt-Ekono say they want to pursue power projects in the country.
  • 01/15/2001 -- California ISO declares holiday power emergency
    Reinforcing the air of emergency, the California Independent System Operator Monday declared a Stage 2 emergency, signifying electricity reserves are below 5%. The grid operator appealed for supplemental bids on 3,000 Mw of power. The emergency was in effect even though most federal and state offices and many businesses are closed for the Martin Luther King Jr. holiday. Demand is projected to peak at 31,138 Mw today and 32,315 Mw Tuesday.
  • 01/15/2001 -- California Gov. Davis wants emergency gas order
    California Gov. Gray Davis asked the Clinton Administration for an emergency order to keep natural gas flowing to Pacific Gas and Electric Co., which says it is threatened with a shut off of its supplies by three natural gas companies. Monday a utility spokesman said the company had not received a response on the gas issue which it raised with Davis early last week.
  • 01/15/2001 -- Gov. Davis asks US to ensure gas supplies for Pacific Gas & Electric
    California Gov. Gray Davis has asked the Clinton Administration for an emergency order to keep natural gas flowing to Pacific Gas & Electric Co., which says it is threatened with a shut off of its supplies by three natural gas companies. Monday a utility spokesman said the company had not received a response on the gas issue which it raised with Davis early last week.
  • 01/15/2001 -- Big industrials want regulatory relief from high power prices
    Eight large Washington state industrial companies, among the largest in the US, want regulatory relief from unprecedented high electric rates. Huge electric bills have forced some of the companies, including Air Liquide America Corp., Air Products and Chemicals , Boeing , CNC Containers, Equilon Enterprises, Georgia-Pacific West, Tesoro Northwest, and Intel to cut production, close factories, and lay off workers. Some have installed diesel-fired generators to reduce electricity costs.
  • 01/16/2001 -- Khelil says OPEC has agreed to 1.5 � 2 million b/d cut
    The 11 member states of the Organization of Petroleum Exporting Countries have endorsed a production cut of up to 2 million b/d, OPEC Pres. Chakib Khelil said Tuesday. In an interview with the OPEC news agency, Khelil said OPEC ministers reached a tentative agreement following 2 weeks of talks.
  • 01/16/2001 -- Market watch, Jan. 16
    Oil futures prices pushed past the psychological barrier of $26/bbl on the London market Monday after Saudi Arabia�s oil minister suggested that the Organization of Petroleum Exporting Countries will cut production by at least 1.5 million b/d at its Wednesday meeting in Vienna.

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