Operator

KMP to Beat Significantly Consensus Estimates

Kinder Morgan Energy Partners LP (KMP), owner and operator ofone of the largest product pipeline systems in the country,reported on Thursday that it expects to substantially exceed theconsensus first quarter earnings per unit estimate of $0.71 andyear 2001 earnings per unit estimate of $2.98. The company alsosaid it expects to increase the cash distribution per common unitfor the first quarter from $0.95 to $1.00.

March 23, 2001

ISO Seeks FERC Help on Overcharges

California’s state-chartered independent transmission gridoperator, Cal-ISO, late Wednesday asked federal regulators for helpin possible refunds of up to $550 million for December and Januarywholesale charges in the emergency real-time market. Cal-ISO toldFERC the charges exceeded federally-established benchmark levels.

March 2, 2001

Dynegy Accuses Cal-ISO of Price Discrimination

The California Independent System Operator (Cal-ISO) isviolating its tariff and discriminating against electric generatorswith in-state facilities by paying them far less for emergencypower than it does for similar purchases made from marketers andgenerators located outside of California, a major in-stategenerator contends.

December 27, 2000

CA Prices Tight Despite Lifting of ISO Cap

As infrastructure and market functioning problems persistedMonday, the California Independent System Operator (Cal-ISO) calledits 14th Stage One power alert since Nov. 1 and the 46th of theyear, signifying its reserves were expected to dip below 7% whendemand peaked between 5-7 p.m. PST. Initial indications were thatCal-ISO’s price cap lifting late Friday brought additional supplybids but had no impact on easing price increases.

December 12, 2000

CA May Restrict Water Pumps to Save Power

The California Independent System Operator (Cal-ISO) Wednesdaybegan some joint inspections of off-line power plants as it facedthe possibility of declaring a Stage Three alert. Officials had notdeclared the alert as of press time.

December 7, 2000

Low Bid Cap Kept on NYISO’s Non-Spinning Reserves

The New York Independent System Operator (ISO) walked away fromFERC empty-handed last week, as the Commission cited itsdisappointment with the regional power group’s failure to reduceconcentration in the 10-minute non-spinning reserves market.

November 13, 2000

Low Cap Kept for NYISO’s Non-Spinning Reserves

The New York Independent System Operator (ISO) walked away fromFERC empty handed yesterday, as the Commission cited itsdisappointment with the regional power group’s failure to reduceconcentration in the 10-minute non-spinning reserves market.

November 9, 2000

Cal-ISO Lowers Cap to $100

As an interim measure prior to California’s state-charteredelectric transmission grid operator (Cal-ISO) making longer-termchanges, its board of governors adopted by a 13-10 vote lastThursday a load differentiated price cap promoted by a consumeradvocate representative on the badly splintered stakeholder board.The action drew swift criticism from generators through theirWashington, DC-based association.

October 30, 2000

Enhancing Cal-SO Price Cap Power Draws Fire

Independent power marketers have denounced efforts by theCalifornia Independent System Operator (Cal-ISO) to extend itspurchase price cap authority, fearing it would give the Cal-ISO”unfettered” control over wholesale electric market prices in thestate. But California investor-owned utilities, Southern CaliforniaEdison and Pacific Gas and Electric, and the California PowerExchange (Cal-PX) and California Electricity Oversight Board see anupside to the Cal-ISO’s request.

October 16, 2000

Expanding Cal-ISO Cap Draws Mixed Reviews

Independent power marketers are opposed to any extension of theCalifornia Independent System Operator’s (Cal-ISO) purchase pricecap authority, saying it would give the Cal-ISO “unfettered”control over wholesale electric market prices in the state. Butinvestor-owned utility, Southern California Edison, and theCalifornia Power Exchange (Cal-PX) see an upside to the Cal-ISO’srequest.

October 10, 2000