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Industry News 2004 P29



Critics call Texas electricity market overhaul plan impractical, costly, risky
Opposition in Fort Worth and Dallas has rapidly coalesced around the Public Utility Commission's proposed overhaul of the state's wholesale electricity market.

Electricity wholesale markets overhaul in Texas sparks debate
Metroplex residents could get slammed with higher electric bills up to 100 per cent higher, by some estimates under a big overhaul of the Texas electricity market set for 2006.

Strong chance for US blackouts this summer say study
A lack of effective action by government and the utility industry has left the nation's power grid vulnerable to another catastrophic power failure. This is the major conclusion of a new study by P&L Economics. The study was prepared under the direction of Kemm Farney, President of the suburban Philadelphia consulting firm.

APX integrates UK arm UKPX into group
APX Group, the gas and power trading group, announced the integration of UKPX, the UK-based power trading platform for spot, prompt and futures.

Dynegy sells Commonwealth Power Generation stake
Dynegy Inc. today announced that it has reached an agreement to sell its 50 per cent interest in the Commonwealth Power Generation Facility in Chesapeake, Va. to Dominion Virginia Power, a subsidiary of Dominion.

China to set up regional power watchdogs
The State Electricity Regulatory Commission (SERC) plans to set up six branches in northern, north eastern, north western, eastern, central and southern regions to further promote the ongoing reform in China's power industry.

Investec snares major stake in Scottish windfarm
Unlisted investment bank Investec Bank Australia Ltd has snared a major major stake in Scotland's Ardrossan Wind Farm.

Petrovietnam finishes fertiliser plant
The Viet Nam Oil and Gas Corporation (PetroVietnam) has completed construction on the country's largest fertiliser manufacturing facility.

China's Three Gorges to generate 37.5bn kWh of electricity in '04
The Three Gorges hydropower plant is expected to generate 37.5bn kwh of electricity this year, 15bn kWh more than original planned, according to the China Yangtze River Three Gorges Project Development Corporation.

IAEA highlights eastward shift in nuclear power
Twenty-two of the last 31 nuclear power plants (NPPs) connected to the world's energy grid have been built in Asia, driven by the pressures of economic growth, natural resource scarcity and increasing populations, says the International Atomic Energy Agency (IAEA).

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