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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                          ----------------------------

                                 FORM 10-KSB/A-1


(Mark One)
[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
    OF 1934
    FOR THE FISCAL YEAR ENDED DECEMBER 31, 2000

[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
    ACT OF 1934
    FOR THE TRANSITION PERIOD FROM ___________ TO ___________

                         Commission File Number: 0-19793

                          ----------------------------

                           METRETEK TECHNOLOGIES, INC.
                 (Name of small business issuer in its charter)

           DELAWARE                                              84-1169358
(State or other jurisdiction of                               (I.R.S. Employer
incorporation or organization)                               Identification No.)

               600 17TH STREET, SUITE 800 NORTH, DENVER, CO 80202
          (Address of principal executive offices, including Zip Code)

                                 (303) 416-9200
                (Issuer's telephone number, including area code)

         Securities registered under Section 12(b) of the Exchange Act:
                                      NONE

         Securities registered under Section 12(g) of the Exchange Act:

                     COMMON STOCK, PAR VALUE $.01 PER SHARE
                     --------------------------------------
                                (Title of Class)

Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days. Yes  x  No
                                                              ---    ---

Check if disclosure of delinquent filers in response to Item 405 of Regulation
S-B is not contained in this form, and no disclosure will be contained, to the
best of registrant's knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-KSB or any amendment to
this Form 10-KSB. [ ]

The issuer's revenues for its most recent fiscal year ended December 31, 2000
were $21,657,750.

As of March 1, 2001, the aggregate market value of the shares of the issuer's
Common Stock, the only class of voting or non-voting common equity of the
registrant, held by non-affiliates was $7,257,107, based upon $1.63, the last
sale price of the Common Stock on such date as reported on the Nasdaq National
Market.

As of March 1, 2001, 5,908,067 shares of Common Stock were outstanding.

Transitional Small Business Disclosure Format (check one): Yes     No  x
                                                               ---    ---

                       DOCUMENTS INCORPORATED BY REFERENCE
                                      NONE
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                              PURPOSE OF AMENDMENT
                              --------------------

       This Amendment No. 1 to Form 10-KSB amends and restates Exhibit 23.1 of
the Annual Report on Form 10-KSB for the fiscal year ended December 31, 2000 of
Metretek Technologies, Inc. (the "Report") filed with the Securities and
Exchange Commission on March 29, 2001, for the purpose of correcting a
typographical error which resulted in the inadvertent omission of the date of
the consent of Deloitte and Touche LLP on Exhibit 23.1 of the Report.


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                                   SIGNATURES


       In accordance with Section 13 or 15(d) of the Exchange Act, the
Registrant caused this Amendment No. 1 to the Report to be signed on its behalf
by the undersigned, thereunto duly authorized.

                                          METRETEK TECHNOLOGIES INC.


                                          By: /s/ W. Phillip Marcum
                                              ----------------------------------
                                              W. Phillip Marcum, President and
                                              Chief Executive Officer
                                              Date: March 29, 2001


       In accordance with the Exchange Act, this Amendment No. 1 to the Report
has been signed below by the following persons on behalf of the Registrant and
in the capacities and on the dates indicated:

Signature                 Title                                 Date
---------                 -----                                 ----

/s/ W. Phillip Marcum     Chairman of the Board, President,     March 29, 2001
-----------------------     Chief Executive Officer
W. Phillip Marcum           and Director
                            (Principal executive officer)


/s/ A. Bradley Gabbard    Executive Vice President,             March 29, 2001
-----------------------      Chief Financial Officer,
A. Bradley Gabbard           Treasurer, Secretary
                             and Director
                             (Principal financial officer)


/s/ Jeffrey B. Wood       Controller and Principal              March 29, 2001
-----------------------      Accounting Officer and
Jeffrey B. Wood              Assistant Secretary
                             (Principal accounting officer)



/s/ Ronald W. McKee       Director                              March 29, 2001
-----------------------
Ronald W. McKee


/s/ Basil M. Briggs       Director                              March 29, 2001
-----------------------
Basil M. Briggs


/s/ Robert Lloyd          Director                              March 29, 2001
-----------------------
Robert Lloyd


/s/ Anthony D. Pell       Director                              March 29, 2001
-----------------------
Anthony D. Pell


/s/ Albert F. Thomasson   Director                              March 29, 2001
-----------------------
Albert F. Thomasson


/s/ Stephen E. McGregor   Director                              March 29, 2001
-----------------------
Stephen E. McGregor


/s/ Kevin P. Collins      Director                              March 29, 2001
-----------------------
Kevin P. Collins



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                           METRETEK TECHNOLOGIES, INC.

                                   FORM 10-KSB
                      FOR THE YEAR ENDED DECEMBER 31, 2000

                                  EXHIBIT LIST
                                  ------------


(2) PLAN OF PURCHASE, SALE, REORGANIZATION, ARRANGEMENT, LIQUIDATION OR
    SUCCESSION:

    (2.1)   Agreement and Plan of Merger, dated as of March 16, 2000, by and
            between TotalPlan, Inc. and PowerSpring, Inc. (Incorporated by
            reference to Exhibit 2.2 to Metretek's Annual Report on Form 10-KSB
            for the fiscal year ended December 31, 1999.)

    (2.2)   Agreement and Plan of Merger, dated as of March 17, 2000, by and
            among PowerSpring, Inc., MERC Acquisition Corp., Mercator Energy
            Incorporated and John A. Harpole. (Incorporated by reference to
            Exhibit 2.3 to Metretek's Annual Report on Form 10-KSB for the
            fiscal year ended December 31, 1999.)

(3) ARTICLES OF INCORPORATION AND BY-LAWS:

    (3.1)   Second Restated Certificate of Incorporation of Metretek
            Technologies, Inc. (Incorporated by reference to Exhibit 4.1 to
            Metretek's Registration Statement on Form S-3, Registration No.
            333-96369.)

    (3.2)   Amended and Restated By-Laws of Metretek Technologies, Inc.
            (Incorporated by reference to Exhibit 3.3 to Metretek's Annual
            Report on Form 10-KSB for the year ended December 31, 1998.)


(4) INSTRUMENT DEFINING THE RIGHTS OF SECURITY HOLDERS, INCLUDING INDENTURES:

    (4.1)   Specimen Common Stock Certificate. (Incorporated by reference to
            Exhibit 4.1 to Metretek's Registration Statement on Form S-18,
            Registration No. 33-44558.)

    (4.2)   Specimen Series B Preferred Stock Certificate. (Incorporated by
            reference to Exhibit 4.4 to Metretek's Registration Statement on
            Form S-3, Registration No. 333-96369.)

    (4.3)   Form of Certificate representing warrants to purchase shares of
            Common Stock of Metretek Technologies, Inc. issued to former holders
            of warrants of Metretek, Incorporated. (Incorporated by reference to
            Exhibit 4.2 to Metretek's Registration Statement on Form S-4,
            Registration No. 33-73874.)

    (4.4)   Rights Agreement, dated as of December 2, 1991, between Metretek
            Technologies, Inc. and American Securities Transfer, Inc.
            (Incorporated by reference to Exhibit 10.6 to Metretek's
            Registration Statement on Form S-18, Registration No. 33-44558.)

    (4.5)   Amendment No. 1 to Rights Agreement, dated as of March 23, 1998,
            between Metretek Technologies, Inc. and American Securities Transfer
            & Trust, Inc. (Incorporated by reference to Exhibit 2 to Metretek's
            Registration Statement on Form 8-A/A, Amendment No. 1 filed April 3,
            1998.)

    (4.6)   Amendment No. 2 to Rights Agreement, dated as of December 9, 1999,
            between Metretek Technologies, Inc. and American Securities Transfer
            & Trust, Inc. (Incorporated by reference to Exhibit 1 to Metretek's
            Registration Statement on Form 8-A/A, Amendment No. 4 filed December
            23, 1999.)



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    (4.7)   Form of Registration Rights Agreement among Metretek Technologies,
            Inc. and the former warrant holders of Metretek, Incorporated.
            (Incorporated by reference to Exhibit 4.4 to Metretek's Registration
            Statement on Form S-4, Registration No. 33-73874.)

    (4.8)   Securities Purchase Agreement, dated as of December 9, 1999, by and
            among Metretek Technologies, Inc. and certain purchasers of
            securities of Metretek Technologies, Inc. (collectively, the "Unit
            Purchasers"). (Incorporated by reference to Exhibit 4.1 to
            Metretek's Current Report on Form 8-K filed December 22, 1999).

    (4.9)   Form of Common Stock Purchase Warrant issued by Metretek
            Technologies, Inc. to the Unit Purchasers. (Incorporated by
            reference to Exhibit 4.3 to Metretek's Current Report on Form 8-K
            filed December 22, 1999).

    (4.10)  Registration Rights Agreement, dated as of December 9, 1999, by and
            among Metretek Technologies, Inc. and the Unit Purchasers.
            (Incorporated by reference to Exhibit 4.4 to Metretek's Current
            Report on Form 8-K filed December 22, 1999).

    (4.11)  Form of Common Stock Purchase Warrant issued to Scient Corporation.
            (Incorporated by reference to Exhibit 4.12 of Metretek's
            Registration Statement on Form S-3, Registration No. 333-96369).

    (4.12)  Form of Common Stock Purchase Warrant issued by Metretek
            Technologies, Inc. to John A. Harpole. (Incorporated by reference to
            Exhibit 4.13 of Metretek's Registration Statement on Form S-3,
            Registration No. 333-96369).

    (4.13)  Form of Common Stock Purchase Warrant issued by Metretek
            Technologies, Inc. to National Bank of Canada. (Incorporated by
            reference to Exhibit 4.14 of Metretek's Registration Statement on
            Form S-3, Registration No. 333-96369).

    (4.14)  Form of Common Stock Purchase Warrant issued by Metretek
            Technologies, Inc. to Silverman Heller Associates. (Incorporated by
            reference to Exhibit 4.15 of Metretek's Registration Statement on
            Form S-3, Registration No. 333-96369).

    (4.15)  Form of Common Stock Purchase Agreement issued by Metretek
            Technologies, Inc. to First Albany Corporation, William Reinert,
            John S. Koodrich and Lawrence C. Petrucci. (Incorporated by
            reference to Exhibit 4.16 of Metretek's Registration Statement on
            Form S-3, Registration No. 333-96369).


(10) MATERIAL CONTRACTS:

    (10.1)  1991 Stock Option Plan, as amended and restated December 5, 1996.
            (Incorporated by reference to Exhibit 10.2 to Metretek's Annual
            Report on Form 10-KSB for the year ended December 31, 1996.)*

    (10.2)  Directors' Stock Option Plan, as amended and restated December 2,
            1996. (Incorporated by reference to Exhibit 10.3 to Metretek's
            Annual Report on Form 10-KSB for the year ended December 31, 1996.)*

    (10.3)  Employment Agreement, dated as of June 11, 1991, by and between
            Metretek Technologies, Inc. and W. Phillip Marcum. (Incorporated by
            reference to Exhibit 10.4 to Metretek's Registration Statement on
            Form S-18, Registration No. 33-44558.)*

    (10.4)  Amendment No. 1 to Employment Agreement, dated June 27, 1997, by and
            between Metretek Technologies, Inc. and W. Phillip Marcum.
            (Incorporated by reference to Exhibit 10.1 to Metretek's Quarterly
            Report on Form 10-QSB for the quarterly period ended September 30,
            1997.)*



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    (10.5)  Amendment No. 2 to Employment Agreement, dated December 3, 1998, by
            and between Metretek Technologies, Inc. and W. Phillip Marcum.
            (Incorporated by reference to Exhibit 10.5 to Metretek's Annual
            Report on Form 10-KSB for the year ended December 31, 1998.)*

    (10.6)  Amendment No. 3 to Employment Agreement, dated as of January 1,
            2000, by and between Metretek Technologies, Inc. and W. Phillip
            Marcum. (Incorporated by reference to Exhibit 10.6 to Metretek's
            Annual Report on Form 10-KSB for the year ended December 31, 1999.)

    (10.7)  Employment Agreement, dated as of June 11, 1991, by and between
            Metretek Technologies, Inc. and A. Bradley Gabbard. (Incorporated by
            reference to Exhibit 10.4 to Metretek's Registration Statement on
            Form S-18, Registration No. 33-44558.)*

    (10.8)  Amendment No. 1 to Employment Agreement, dated June 27, 1997, by and
            between Metretek Technologies, Inc. and A. Bradley Gabbard.
            (Incorporated by reference to Exhibit 10.2 to Metretek's Quarterly
            Report on Form 10-QSB for the quarterly period ended September 30,
            1997.)*

    (10.9)  Amendment No. 2 to Employment Agreement, dated December 3, 1998, by
            and between Metretek Technologies, Inc. and A. Bradley Gabbard.
            (Incorporated by reference to Exhibit 10.8 to Metretek's Annual
            Report on Form 10-KSB for the year ended December 31, 1998.)*

    (10.10) Amendment No. 3 to Employment Agreement, dated as of January 1,
            2000, by and between Metretek Technologies, Inc. and A. Bradley
            Gabbard.* (Incorporated by reference to Exhibit 10.10 to Metretek's
            Annual Report on Form 10-KSB for the year ended December 31, 1999.)*

    (10.11) Loan and Security Agreement, dated April 14, 1998, by and between
            National Bank of Canada, Metretek Technologies, Inc., Metretek,
            Incorporated and Southern Flow Companies, Inc. (Incorporated by
            reference to Exhibit 10.1 to Metretek's Quarterly Report on Form
            10-QSB for the quarterly period ended March 31, 1998.)

    (10.12) Amendment No. 1 to Loan and Security Agreement, dated as of November
            10, 1998, by and among National Bank of Canada, Metretek
            Technologies, Inc., Metretek, Incorporated and Southern Flow
            Companies, Inc. (Incorporated by reference to Exhibit 10.12 to
            Metretek's Annual Report on Form 10-KSB for the year ended
            December 31, 1998.)

    (10.13) Second Amendment to Loan and Security Agreement and Loan Documents,
            dated as of September 13, 1999, by and among National Bank of
            Canada, Metretek Technologies, Inc., Metretek, Incorporated and
            Southern Flow Companies, Inc. (Incorporated by reference to Exhibit
            10.1 to Metretek's Current Report on Form 8-K filed September 14,
            1999.)

    (10.14) Third Amendment to Loan and Security Agreement and Loan Documents,
            dated as of December 9, 1999, by and among National Bank of Canada,
            Metretek Technologies, Inc., Metretek, Incorporated and Southern
            Flow Companies, Inc. (Incorporated by reference to Exhibit 10.1 to
            Metretek's Current Report on Form 8-K filed December 22, 1999.)

    (10.15) Fourth Amendment to Loan and Security Agreement and Loan Documents,
            dated as of March 22, 2000, by and among National Bank of Canada,
            Metretek Technologies, Inc., Metretek, Incorporated and Southern
            Flow Companies, Inc. (Previously filed.)

    (10.16) Fifth Amendment to Loan and Security Agreement and Loan Documents,
            dated as of March 1, 2001, by and among National Bank of Canada,
            Metretek Technologies, Inc., Metretek, Incorporated and Southern
            Flow Companies, Inc. (Previously filed.)

    (10.17) Metretek Technologies, Inc. 1998 Stock Incentive Plan, amended and
            restated as of February 3, 2000 (Incorporated by reference to
            Exhibit 10.2 to Metretek's Current Report on Form 8-K filed on
            February 22, 2000).*



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    (10.18) Employment Agreement, dated as of March 17, 2000, between
            PowerSpring, Inc. and John A. Harpole. (Incorporated by reference to
            Exhibit 10.17 to Metretek's Annual Report on Form 10-KSB for the
            year ended December 31, 1999.)*

    (10.19) Stockholders Agreement, dated as of March 17, 2000, among Metretek
            Technologies, Inc., PowerSpring, Inc. and John A. Harpole.
            (Incorporated by reference to Exhibit 10.18 to Metretek's Annual
            Report on Form 10-KSB for the year ended December 31, 1999.)

    (10.20) Promissory Note, dated March 17, 2000, made by PowerSpring, Inc. to
            John A. Harpole. (Incorporated by reference to Exhibit 10.19 to
            Metretek's Annual Report on Form 10-KSB for the year ended
            December 31, 1999.)

    (10.21) Security Agreement, dated March 17, 2000, between PowerSpring, Inc.
            and John A. Harpole. (Incorporated by reference to Exhibit 10.20 to
            Metretek's Annual Report on Form 10-KSB for the year ended
            December 31, 1999.)

    (10.22) Form of Indemnification Agreement between Metretek Technologies,
            Inc. and each of its directors. (Incorporated by reference to
            Exhibit 10.21 to Metretek's Annual Report on Form 10-KSB for the
            year ended December 31, 1999.)

    (10.23) Employment and Non-Competition Agreement, dated as of May 8, 2000,
            between PowerSpring, Inc. and Sidney Hinton.* (Previously filed.)

    (10.24) Prototype - Basic Plan Document for the Metretek - Southern Flow
            Savings and Investment Plan. (Incorporated by reference to Exhibit
            4.7 to Metretek's Registration Statement on Form S-8, Registration
            No. 333-42698.)*

    (10.25) Adoption Agreement for the Metretek - Southern Flow Savings and
            Investment Plan. (Incorporated by reference to Exhibit 4.8 to
            Metretek's Registration Statement on Form S-8, Registration No.
            333-42698.)*

    (10.26) Non-Negotiable Convertible Promissory Note, dated September 28,
            2000, issued by Metretek Technologies, Inc. to Scient Corporation.
            (Incorporated by reference to Exhibit 10.1 to Metretek's Quarterly
            Report on Form 10-QSB for the quarter ended September 30, 2000.)

    (10.27) PowerSpring, Inc. 2000 Stock Incentive Plan* (Previously filed.)


(21) SUBSIDIARIES OF THE SMALL BUSINESS ISSUER:

    (21.1)  Subsidiaries of Metretek Technologies, Inc. (Previously filed.)


(23) CONSENT OF DELOITTE & TOUCHE LLP:

    (23.1)  Deloitte & Touche LLP

---------------

    *Management contract or compensation plan or arrangement required to be
filed as an exhibit to this form pursuant to Item 13(a) of Form 10-KSB.

(B) REPORTS ON FORM 8-K

    Metretek did not file a Current Report on Form 8-K during the quarter ended
December 31, 2000.



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