New Market Participants Join California Power Exchange

Business Wire, July 16, 1998

ALHAMBRA, Calif.--(BUSINESS WIRE)--July 16, 1998--The California Power Exchange (PX) Thursday announced that the addition of four new participants has increased the number of trading members to a total of 41 certified to trade electricity in California's largest energy marketplace.

In his report to the PX board of governors, Chief Executive Officer George Sladoje said Aquila Power, California Department of Water Resources, City of Riverside and Engage Energy are the latest traders to join the PX.

The PX's 41 participants provide more than 90 percent of the electricity volume scheduled through the state's Independent System Operator, which operates the statewide transmission system.

In addition to the current participants, there are nearly two dozen firms involved in various stages of the member certification process. These include several California municipal utilities, energy services firms and commodities traders.

The following is a list of current PX participants as of July 16.

California Power Exchange Participants

Aquila Power
Arizona Public Service Co.
Automated Power Exchange
Bonneville Power Authority
British Columbia Power Exchange Corp.
California Department of Water Resources
California Polar Power
Central & Southwest Energy Services
Citizens Power Sales
City of Riverside
Duke Energy Trading & Marketing LLC
Edison Source
Electric Clearinghouse Inc.
Engage Energy
Enron Power Marketing Inc.
Enron Energy Services
LG&E Energy Marketing
Midway Sunset Cogeneration Co.
Montana Power Trading & Marketing Co.
NorAm Energy Services Inc.
Northern California Power Agency
Pacific Gas & Electric (3)
PacifiCorp
PG&E Energy Services Corp.
Portland General Electric
Power Resource Managers
Public Service Company of New Mexico
Salt River Project
San Diego Gas & Electric (2)
Sempra Trading Group
Sierra Pacific
Southern California Edison (3)
Southern Co.
Texaco Energy Services
Tucson Electric Power Co.
Williams Energy Service Co.


   CONTACT:  California Power Exchange, Alhambra
              Ed Freudenburg, 626/537-3155