APX opens Palo Verde market, introducing ‘rolling 40-hour’ trading flexibility to Arizona

Trading began yesterday at 6:00 a.m. Mountain Time, with cleared prices averaging $69.00 per megawatt for on-peak power.

TAMPA, Fla., and DALLAS, June 14, 2001 — TECO Power Services and Panda Energy today announced that they have closed on a five-year bank financing for the two largest independent power projects in the nation.

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