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ELP Volume 77 Issue 7

Ace in the hole

Before the 1992 Energy Policy Act and orders 888 and 889 by the Federal Energy Regulatory Commission (FERC), "price transparency" typically involved a few friendly phone calls between utility dispatchers.

Bookout at the border

The California Power Exchange (CalPX) now offers a voluntary bookout energy delivery scheduling option designed to lower the cost of purchasing energy at state border tie-points.

APX gets a little greener

With green power trades already counting for a significant part of its business, Automated Power Exchange (APX) now offers "green ticket" trading.

E-trades up

April proved a good month for record-breaking e-trades, with Altra`s Chalkboard system and the NYMEX ACCESS both reporting all-time highs for natural gas liquids and natural gas futures, respectively.

Spike watch

The Federal Energy Regulatory Commission (FERC) plans to monitor wholesale power markets in the Midwest this summer, watching for signs of a repeat of last year`s price spikes.

Utilities divest 50,000 MW of generation in a sellers market

Electric utilities divested more than 50,000 MW of generation during the last few years. Sellers include many major utilities, and buyers include utility subsidiaries and independent companies that grew large and strong on Public Utilities Regulatory Policies Act (PURPA) contracts. It is a seller`s market-auctions draw many bidders and valuations are high. As for the future, many more utility assets are going to be sold. The multi-billion dollar business of generation will continue to rapidly ev

FPL Energy to build in Mass.:

FPL Energy Inc., a subsidiary of FPL Group Inc., plans to build a 700 MW gas-fired power plant in Bellingham, Mass. This is FPL Energy`s third major project announced this year-a 1,000 MW gas-fired plant is planned for construction in Paris, Texas, and a 248 MW gas-fired combined-cycle plant is planned in Everett, Wash.

Trigen-Cinergy signs global outsourcing contract:

Trigen-Cinergy Solutions and Millennium Inorganic Chemicals signed a contract valued at about $1 billion to achieve a 20 percent reduction in energy costs for Millennium`s plants worldwide. Trigen-Cinergy will design, build and operated combined heat and power plants and provide energy and utility services.

DTE Energy asks to sell power to Canada:

DTE Energy Trading Co. is seeking approval from the U.S. Department of Energy to sell power to Canada over international transmission facilities owned by utilities along the northeastern U.S. border.

SDG&E sells Encina plant:

San Diego Gas & Electric sold its 951 MW Encina Power Plant, Carlsbad, Calif., and 253 MW of combustion turbine facilities in San Diego County to Dynegy Inc. and NRG Energy Inc. for $356 million.