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General Interest 2001 P

  • 01/16/2001 -- California struggles again to keep the lights on
    With reserves on the razor's edge, California Tuesday braced for the possibility of rolling blackouts. But during a 2 p.m. PST briefing, officials said they are optimistic they can squeak by without having involuntary power interruptions. Complicating Tuesday's emergency was a default by Southern California Edison Co. (SCE) Tuesday on debt payments to creditors, including the California Independent System Operator and the California Power Exchange.
  • 01/16/2001 -- Electric Power news briefs, January 16
    Schott Corp. ... Applied Power Corp. ... South Carolina Electric & Gas ... Tomen Power Japan ... EcoPower Co. ... Japan Wind Development Co. ... Marubeni ... Saudi Electricity Co. ... Alstom ... PFG Gas & North Penn Gas ... 3i Finland Oy ... Fortum ... Naps Systems Oy ... Borgarta Resort ... South Jersey Industries ... FirstEnergy ... Northern Alternative Energy ... Midwest ISO... Panda Energy ... Philadelphia Gas Works ... Western Hub Properties ... City Gas Co. of Florida ... Calpine
  • 01/17/2001 -- Market watch, Jan. 17
    International energy markets were mixed Tuesday, following another statement by Saudi Arabia�s oil minister indicating that members of the Organization of Petroleum Exporting Countries had informally decided on a 1.5 million b/d cut in production prior to their formal meeting Wednesday in Vienna.
  • 01/17/2001 -- Niagara Mohawk proposes distribution rate cut to offset higher commodity prices
    In a filing seeking to win approval of their merger, the UK's National Grid Group PLC and Niagara Mohawk Holdings Inc. proposed to cut electricity distribution rates 7.85% or $132 million, followed by a 10-year price freeze. The delivery rate reduction proposal was filed Wednesday with the New York State Public Service Commission (PSC). Niagara Mohawk provides transmission and distribution delivery service to its customers at regulated prices.
  • 01/17/2001 -- OPEC agrees to cut production 1.5 million b/d
    The Organization of Petroleum Exporting Countries agreed in Vienna Wednesday to a 1.5 million b/d cut to their countries' collective output in a bid to keep oil prices at a high level. The reduction, the first from OPEC in 2 years, is scheduled to take effect Feb. 1. Though some OPEC member states were calling for production to be slashed by up to 3 million b/d, the agreed cut was in line with most expectations.
  • 01/17/2001 -- EC planning more gas, electricity market decontrol
    Loyola de Palacio, the European Commission vice-president for energy and transportation, says more EC proposals for electricity and gas market liberalization will be forthcoming soon. De Palacio said EC's goal is to achieve full market decontrol by 2005.
  • 01/18/2001 -- Market watch, Jan. 18
    Energy futures prices weakened in trading on the New York Mercantile Exchange Wednesday, though analysts said the market already had adjusted for the Organization of Petroleum Exporting Countries' 1.5 million b/d output reduction. The American Petroleum Institute's weekly report contributed to the fall.
  • 01/18/2001 -- Finance/Companies news briefs, Jan. 18
    The Exploration Co. � Williams � Bargo Energy � OM Gruppen � Canadian Natural Gas Exchange � Westcoast Energy
  • 01/18/2001 -- California power problems worry New York
    With summer approaching, supplies short, and California experiencing blackouts, a dispute is shaping up between the New York grid operator and state regulators over a proposed 'soft' cap on wholesale electricity prices. The staff of the New York Public Service Commission is recommending the New York Independent System Operator seek Federal Energy Regulatory Commission approval to institute a $150/Mw-hr 'soft' price cap similar to one the federal agency ordered for the California market.
  • 01/18/2001 -- DOE will rehear California suppliers on payment question
    The US Energy Department will reconsider requests by two generators seeking assurance they will get paid for selling power to the California Independent System Operator. Comments are due Feb. 16. Under an order adopted Dec. 14 and since extended by the Energy Department (DOE), power companies with surplus electricity must sell it to California. The federal agency resorted to the order after some suppliers began resisting sales into California without payment guarantees.
  • 01/18/2001 -- Power off again in northern California for second day
    For the second day in a row, the California Independent System Operator Thursday ordered rotating blackouts in northern California affecting up to 1 million people. The grid operator asked the state utilities to drop 1,000 Mw, beginning at 9:45 a.m. PST. But during a morning brief, Kellan Fluckiger, ISO chief operating officer, said conservation helped dropped the number to 500 Mw.
  • 01/18/2001 -- High prices deter Shell power investments in Europe
    High prices make large-scale acquisitions of power generation projects in Europe unattractive, compared to other regions of the world, says Jeroen van der Veer, managing director of Royal Dutch Petroleum Co. and group managing director, Royal Dutch/Shell Group. Through InterGen, a Shell joint venture, the company has invested in power projects in the US, the UK, Egypt, Australia, and recently acquired an operation in Greece.
  • 01/18/2001 -- California gets respite from blackouts
    The California Independent System Operator ordered power restored to all customers Thursday afternoon, after initiating blackouts totaling 1,000 Mw that affected about 1 million people in northern California earlier in the day. Kellan Fluckiger, chief operating officer of the ISO, predicted there would probably not be any more outages Thursday, Friday, and through the weekend.
  • 01/18/2001 -- California's Feinstein wants federal power legislation
    Democratic Sen. Dianne Feinstein of California said during hearings Thursday she will introduce legislation which would give the federal government power to set wholesale electricity rates in western states. Her comments appear to set the stage for a regional face off in the increasingly bitter struggle to control electric power resources in the West. 'I think my state is being set up�and I include Washington state�to be an energy farm for California,' said Sen. Gordon Smith (R-Ore).
  • 01/19/2001 -- OPEC tries to navigate oil prices to $25/bbl; uncertainty prevails
    OPEC continues to try to navigate oil prices to a "soft landing" near $25/bbl; but, as always, uncertainty prevails.
  • 01/19/2001 -- Market watch, Jan. 19
    Energy futures prices advanced in trading on the New York Mercantile Exchange Thursday. The February contract for light, sweet crude rose 85� to $30.45/bbl, while the March contract rose 87� to $28.67. Some traders said that the rise was prompted by technical factors as the market was at an oversold state.
  • 01/19/2001 -- California still in highest level of electricity emergency
    For the fourth day in a row, the California Independent System Operator declared a Stage 3 emergency, signifying the possibility rolling blackouts could be instituted again Friday. At 5:16 a.m.PST, the grid operator asked Southern California Edison Co. and other investor-owned utilities to institute voluntary load curtailment programs. The agency directed SCE to reduce its electrical load by 1,000 Mw or enough power to serve 1 million homes.
  • 01/19/2001 -- In final act, Richardson orders gas for PG&E
    Outgoing US Energy Sec. Bill Richardson Friday issued an order requiring 27 suppliers to provide Pacific Gas & Electric gas, after the California utility complained 6 its suppliers had stopped or were threatening to halt deliveries. The order expires Wednesday. The order applies to natural gas suppliers that provided gas to PG&E during the preceding 30 days. It is the second such emergency energy order Richardson has issued to prop up cash-strapped California utilities.
  • 01/22/2001 -- EC refers Enfostrada acquisition to Italy's Competition Authority
    The European Commission said it will refer to the Italian Competition Authority examination of the impact of the proposed acquisition of Infostrada by Enel and France Telecom on the Italian electricity sector. The electricity market is currently being liberalized throughout the European Union, but Enel still has a dominant position in Italy, leading the Italian authority to fear it might be able to protect its position in the electricity market by offering joint utility services.
  • 01/22/2001 -- Market watch, Jan. 22
    Energy futures prices rose sharply on international markets Friday. The February contract for benchmark US light, sweet crudes surged by $1.74 to $32.19/bbl on the New York Mercantile Exchange, while the March contract was up $1.52 to $30.19/bbl.

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