Dynegy: Enron a ‘Model Competitor’

It doesn’t happen very often, so we’re noting an apparentlyspontaneous comment from Dynegy Counsel Ed Ross at a FERCRoundtable last week that one of his chief competitors, Enron, “hasdone an excellent job of being competitive.” He suggested otherscould look to Enron as a “model competitor. They’ve done a verygood job of setting up a strong financial desk and a strongphysical desk and we don’t see any problem with it. I think theyhave set up their books in a way that they truly have separationbetween the regulated and unregulated aspects of their business.”

March 19, 2001

Sempra Reports Earnings; Seeks Rate Hike

A day after it filed for a 35% rate increase, noting growinguncollected power costs, (see Daily GPI, Jan. 25) Sempra Energy reported a 20%increase in earnings in 2000 over 1999. Earnings for the parent of SanDiego Gas & Electric and Southern California Gas totaled $429million, or $2.06/diluted share, compared to $394 million or $1.66 perdiluted share for 1999. Revenues for 2000 increased 30% hitting $7billion.

January 26, 2001

CA Power Alerts; No Relief in Sight

California energy officials held their breath Monday and bracedthemselves for what might be the severest test yet for the state’soverworked electricity infrastructure and overheated wholesalepower market.

September 19, 2000

Traders See Bears Coming Out of the Woodwork

It looks like bears are roaming the market woods for the holidayseason, said a producer noting new softness in both futures andcash prices Friday. No nay-sayers to her assessment could be foundas sources agreed that weather and storage fundamentals continue tolook weak for the foreseeable future, barring a surprise blizzardor two. A marketer said he “wouldn’t be surprised if we end up withDecember indexes looking a lot like November’s.”

November 23, 1998
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