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Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Tu, Denis </O=ENRON/OU=NA/CN=RECIPIENTS/CN=DTU< X-To: Centilli, James </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Jcentill<, Geaccone, Tracy </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Tgeacco<, Hayslett, Rod </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Rhaysle< X-cc: X-bcc: X-Folder: \TGEACCO (Non-Privileged)\Geaccone, Tracy\Inbox X-Origin: Geaccone-T X-FileName: TGEACCO (Non-Privileged).pst F.Y.I. -----Original Message----- From: webmaster@cera.com [mailto:webmaster@cera.com] Sent: Friday, September 28, 2001 9:06 PM To: clients@cera.com Subject: Western Energy--Power and Gas Prices and Volatility Expected to Fall - CERA Monthly Briefing Title: Demand, Prices to Follow Trajectory of the Economy URL(s): http://www20.cera.com/eprofile?u=35&;m=2702; *********************************************************************** WESTERN ENERGY--POWER AND GAS PRICES AND VOLATILITY EXPECTED TO FALL CERA expects a weaker US economy to be one of the outcomes of the tragic events on September 11, 2001, which will further reduce the demand for gas and power. Spot prices for natural gas and power already reflect this expectation, and CERA's outlook anticipates continued price weakness. * As new supplies continue to arrive over the next year, even as demand weakens, the West will have more than adequate supplies of gas and power. * This surplus supply situation will put additional downward pressure on prices. * The shift from supply tightness to the recent plunge in prices can be traced principally to the rapid decline in demand for both gas and power this year, while supplies grew. **end** Follow above URL for complete report (9 printed pages). E-mail Category: Monthly Briefing CERA Knowledge Area(s): Western Energy *********************************************************************** *********************************************************************** CERA's Autumn 2001 Roundtable event dates and agendas are now available at http://www20.cera.com/event *********************************************************************** To make changes to your cera.com profile go to: http://www20.cera.com/client/updateaccount Forgot your username and password? Go to: http://www20.cera.com/client/forgot This electronic message and attachments, if any, contain information from Cambridge Energy Research Associates, Inc. (CERA) which is confidential and may be privileged. Unauthorized disclosure, copying, distribution or use of the contents of this message or any attachments, in whole or in part, is strictly prohibited. Terms of Use: http://www20.cera.com/tos Questions/Comments: webmaster@cera.com Copyright 2001. Cambridge Energy Research Associates
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