The C Three Group's Latest Research Indicates Overall Energy Utility Industry's Earnings Only Growing Modestly While Non-Regulated Revenues Balloon

Apr 26, 2001, 01:00 ET from C Three Group

    ATLANTA, April 26 /PRNewswire/ -- While revenues of the top 73 investor-
 owned utilities leapt from $345 billion in 1998 to over $616 billion in 2000,
 aggregate net income for the group actually decreased from $18.5 billion to
 $18 billion.  Duke Energy and Southern Company led the pack in income with
 energy trading and marketing being the primary driver.  PG&E and Southern Cal
 Ed were the obvious losers.
     Diversified Businesses of US Investor Owned Utilities -- (C)2001 provides
 in-depth analysis of emerging and major trends of the non-regulated businesses
 of 75 U.S. utilities, individual corporate profiles of each company with
 detailed financial and operational descriptions of their diversified
 businesses, rankings by key indicators and corporate structures.
     Deregulation is the driver of this spectacular top line growth -- coming
 from energy trading and marketing and other diversified businesses.  Trading
 and marketing aggregate revenues surpassed $300 billion in 2000 up from around
 $120 billion in 1998.  Enron, Duke Energy, El Paso Energy, Dynegy, UtiliCorp's
 Aquila, PG&E, Reliant and Southern Company (Mirant) led the group in this
 area.
     An additional $80 plus billion in revenues was generated by investor-owned
 utilities from their diversified business holdings.  Returns for these
 businesses on aggregate are improving but still have not reached the returns
 seen from traditional utility businesses.  These ventures include auto
 auctions (Allete), telecommunications (multiple), propane (Northwestern, UGI
 and others), shipping (Florida Progress, Hawaiian, Nicor), alternative
 generation (Avista, DQE, DTE and others), non-U.S. utility and generation
 holdings, pipeline, storage and gathering, energy service providers, HVAC
 services, utility construction and maintenance, home and business warranties,
 infrastructure management, metering and meter reading, billing and remittance,
 water utilities and water services (NUI, Allete, NiSource, DQE), and venture
 capital investments.
     Venture capital investments by utilities, either directly or through
 funds, have also seen huge growth over the past two years.  Alliant, Avista,
 PNM, Cinergy, Conetiv, DQE, DTE, Pinnacle West, Enron, Exelon, Keyspan,
 Southern Company, PEPCO, PG&E, and Vectren are among the utility holding
 companies that have made venture capital investments.  Enron alone has over
 $800 million invested, largely in telecommunications ventures.  Nth Power,
 EnerTech, Prospect Street Holdings, ITC Holdings and Woodside are some of the
 venture capital groups that have received funding from utilities recently.
     Diversified Businesses of US Investor Owned Utilities -- (C)2001 is the
 only complete guide to the non-regulated operations and investments of U.S.
 investor-owned utilities.  An Excel spreadsheet with detailed financials for
 each company is also available.  More information about Diversified Businesses
 of US Investor Owned Utilities -- (C)2001 can be found at www.cthree.net --
 Research Reports, or by contacting The C Three Group(R) at 404 233-8555.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X95182078
 
 

SOURCE C Three Group
    ATLANTA, April 26 /PRNewswire/ -- While revenues of the top 73 investor-
 owned utilities leapt from $345 billion in 1998 to over $616 billion in 2000,
 aggregate net income for the group actually decreased from $18.5 billion to
 $18 billion.  Duke Energy and Southern Company led the pack in income with
 energy trading and marketing being the primary driver.  PG&E and Southern Cal
 Ed were the obvious losers.
     Diversified Businesses of US Investor Owned Utilities -- (C)2001 provides
 in-depth analysis of emerging and major trends of the non-regulated businesses
 of 75 U.S. utilities, individual corporate profiles of each company with
 detailed financial and operational descriptions of their diversified
 businesses, rankings by key indicators and corporate structures.
     Deregulation is the driver of this spectacular top line growth -- coming
 from energy trading and marketing and other diversified businesses.  Trading
 and marketing aggregate revenues surpassed $300 billion in 2000 up from around
 $120 billion in 1998.  Enron, Duke Energy, El Paso Energy, Dynegy, UtiliCorp's
 Aquila, PG&E, Reliant and Southern Company (Mirant) led the group in this
 area.
     An additional $80 plus billion in revenues was generated by investor-owned
 utilities from their diversified business holdings.  Returns for these
 businesses on aggregate are improving but still have not reached the returns
 seen from traditional utility businesses.  These ventures include auto
 auctions (Allete), telecommunications (multiple), propane (Northwestern, UGI
 and others), shipping (Florida Progress, Hawaiian, Nicor), alternative
 generation (Avista, DQE, DTE and others), non-U.S. utility and generation
 holdings, pipeline, storage and gathering, energy service providers, HVAC
 services, utility construction and maintenance, home and business warranties,
 infrastructure management, metering and meter reading, billing and remittance,
 water utilities and water services (NUI, Allete, NiSource, DQE), and venture
 capital investments.
     Venture capital investments by utilities, either directly or through
 funds, have also seen huge growth over the past two years.  Alliant, Avista,
 PNM, Cinergy, Conetiv, DQE, DTE, Pinnacle West, Enron, Exelon, Keyspan,
 Southern Company, PEPCO, PG&E, and Vectren are among the utility holding
 companies that have made venture capital investments.  Enron alone has over
 $800 million invested, largely in telecommunications ventures.  Nth Power,
 EnerTech, Prospect Street Holdings, ITC Holdings and Woodside are some of the
 venture capital groups that have received funding from utilities recently.
     Diversified Businesses of US Investor Owned Utilities -- (C)2001 is the
 only complete guide to the non-regulated operations and investments of U.S.
 investor-owned utilities.  An Excel spreadsheet with detailed financials for
 each company is also available.  More information about Diversified Businesses
 of US Investor Owned Utilities -- (C)2001 can be found at www.cthree.net --
 Research Reports, or by contacting The C Three Group(R) at 404 233-8555.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X95182078
 
 SOURCE  C Three Group