IBM, Siemens plan system for utilities to trade capacity

Article Abstract:

IBM and Siemens AG announce plans to develop an Internet-based service that will enable electric power companies to share power transmission capacity with other utility companies. The two companies maintain that the service will facilitate the exchange of data among power suppliers, and contend that the market will become more dynamic as a result. An immediate market share target is 25%, although at this point the only customer is Pacific Gas and Electric. Currently, a small company called TradeWave Corp holds a 70% share of the emerging electrical utilities energy exchange market. Industry analysts point out that IBM has a good reputation for being able to process large amounts of data, which will be a positive marketing factor. Another marketing plus is that capital expenditures are not required by the service, which will charge customers a flat fee of $10,000 to $15,000 per month.

Planning, Product development, Services, International Business Machines Corp., IBM, Siemens AG, Company services, PCG, Cooperative agreement for product development, Alliances and partnerships, Pacific Gas and Electric Co.

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Utilities are finding a surge of interest in power plants; as industry restructures, buyers snap up generating facilities

Article Abstract:

As deregulation of utilities nears, more power plants go up for sale and get snapped up. PG&E of Northern California, for example, is buying power plants from New England Electric System and recently sold three plants to Duke Energy Corp. of Charlotte, N.C., for $501 million. The competition that comes with deregulation is expected to generate new ways to make older units profitable and at the same time, environmentally efficient and acceptable.

Asset sales & divestitures, Mergers, acquisitions and divestments, Abstract, Deregulation, Electric power plants, Power plants

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Enron posts rise of 29% in profit for second period

Article Abstract:

Enron Corp.'s net income was up $222m (54 cents a share) on revenues of $9.67b. This was a 47% increase over the year earlier results of $6.56b. Stock was trading at $84. The company is currently expanding operations in the European wholesale power market and in the US broadband telecom sector. Wholesale energy ops and services' sales increased $8.69b from $5.9b, providing the main impetus behind the company's Q2 success.

Sales, profits & dividends, Natural Gas Distribution, Electric, Gas & Water Utilities, Gas transmission and distribution, Gas Transmissn & Distributn, Finance, Gas industry, Energy industries, Energy industry, Public utilities, Gas transmission industry, Enron Corp., ENE

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