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Industry News 2002 P39



Democrats question PUHCA repeal after Enron collapse
A law the investor-owned utility industry has targeted for repeal appears to have deterred Enron Corp. from buying up US electric companies and possibly compromising the nation's electric grid, two Democratic congressmen said. (Kate Thomas)

Declining coal prices expected to rebound 3% in 2nd quarter 2002, 9% in the next year, study shows
Recently declining coal prices are expected to rebound 3% in the second quarter and 9% in the next year, according to a new study.

Power Notes
NRG Energy Inc. ... Nisource Inc. ... South Carolina Electric & Gas Co. ... Composite Power Corp. ... OG&E Electric Services ... Electricité de France ... Brighton Beach Power LP ... Coral Energy Canada Inc. ... Cook Inlet Power LP ... Cincinnati Gas & Electric Co. ... New York Power Authority ... Pacific Texas Corp. ... Karaha Bodas ... TC PipeLines LP ... NorthWestern Corp.

Timing of Enron collapse 'lucky,' Maine regulator testifies
The US Northeast was 'profoundly lucky' Enron Corp.'s collapse occurred when electricity prices were falling not rising, the president of the National Association of Regulatory and Utility Commissioners testified Tuesday. William Nugent, who also chairs the Maine Public Utilities Commission, testified Tuesday before the US Senate Committee on Energy and Natural Resources.

New York, New England ISO's sign single market proposal
As expected, ISO New England Inc. and the New York Independent System Operator Tuesday agreed to develop a single electricity marketplace based on a common market design. The agreement comes in the wake of PJM Interconnection LLC's decision to link up with the Midwest Independent Transmission System Operator Inc. (Kate Thomas)

Rebounding hydro power won't dampen gas demand; analyst says
Hydroelectric power output is expected to increase this year but gas demand for power generation isn't expected to suffer. Nuclear power output is expected to decline offsetting any gains in hydroelectric output, Marshall Adkins, an analyst with Raymond James & Associates said in a report Monday.

New study forecasts growth in safety systems despite slowdown in automation market
A recently published study on safety and critical control systems forecasts growth in the safety systems market through 2006, despite a general slowdown in the process automation market.

Mexico's Fox serves up new electricity reform proposal
Mexican President Vicente Fox has put electricity reform back on the national agenda with a proposal that is not so far reaching as his predecessor's. Industry observers are hopeful it will be more palatable to opponents. (Kate Thomas)

Energy secretary names Bonneville head
Department of Energy Secretary Spencer Abraham announced today the appointment of Steve Wright as administrator of the Bonneville Power Administration (BPA).

NRC chair opposes making security workers federal employees
Making security workers at commercial nuclear power plants federal employees would create more problems than it would solve and would do nothing to increase security, said Richard Meserve, chairman of the Nuclear Regulatory Commission. Two congressmen have asked the General Accounting Office to investigate security at NRC-licensed facilities.

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