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Message-ID: <9470942.1075855481323.JavaMail.evans@thyme>
Date: Mon, 20 Nov 2000 14:07:00 -0800 (PST)
From: enerfax1@bellsouth.net
To: enerfaxweb@egroups.com
Subject: Enerfax Daily's free web version of gas & power prices and info Go
to www.enerfax.com if can not view properly.htm
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Enerfax Daily
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Looking for a past article or issue. Click here to use Sagewave's Search.
Enerfax Daily? -? Page ? -? November 21, 2000
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Enerfax Daily? -? Page 4? -? November 21, 2000 -? ? Past Issues
Available on Sagewave
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Governments Negotiate Differences in The Hague
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After a week of preliminary talks that failed to resolve differences over
how best to protect the planet, government leaders have arrived to bargain
over the toughest aspects of curbing emissions. About 2,000 lower level
officials did what they could to prepare for the final week of negotiations
among environment ministers or cabinet-rank officers from at least 150
countries. The US feels its effort to find common ground and be flexible has
not been returned by? European counterparts. The US has been singled out for
criticism for its effort to reduce its commitments. The government
essentially agreed to Kyoto because they agreed to the flexibility
mechanisms such as emissions trading, now the US is running into trouble
with that. If the conference ends in agreement, any treaty enforcing a new
global code of behavior on emissions will require ratification by most of
the industrial countries. Without a US endorsement, it would be difficult
for such a treaty to come into force. The US Senate already has passed a
resolution making its ratification conditional on assurances that the
nation's competitiveness on world markets will not be harmed. A select group
of leading policy makers held informal closed-door talks in The Hague ahead
of a ceremony Monday marking the start of the critical second phase of the
conference. The politicians are working toward a comprehensive plan to
reduce the Earth's output of heat-trapping gasses from businesses, farms and
automobiles, without bloating national budgets or hampering the global
economy. A board of 2,000 leading scientists, the Intergovernmental Panel on
Climate Change, projects that in the coming 100 years there will be more
rainfall, a temperature increase of up to 11 degrees Fahrenheit and a
sea-level rise of up to 30 inches. An agreement reached in 1997 in Kyoto,
Japan, called for a worldwide reduction of carbon-based gas emissions by an
average 5.2% below 1990 levels. The target date for the reductions was 2012.
Europe is committed to cutting emissions 8%, Japan 6% and the US 7%.
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Enerfax Daily? -? Page 7? -? November 21, 2000
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Enerfax Daily? -? Page 8? -? November 21, 2000
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(Continued from Page 6)
and could put the future of the Midwest ISO in peril. However, FERC has
never articulated clearly a requirement that a party exercising a
contractual termination right must demonstrate that termination is
consistent with the public interest, according to Dynegy. It also argued
that it has not refused to participate in an RTO; it merely seeks to join
one that adequately protects its legitimate financial interests and also
represents a significant improvement to the status quo for other market
participants. Dynegy urged FERC to limit its decision on whether or not the
company can leave the ISO to the facts, not on the uproar Dynegy's actions
have caused in the Midwest. Regulators in Illinois and Michigan have
protested Illinois Power's
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Financial Summary
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