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Enron Mail |
Cc: danny.mccarty@enron.com
Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Bcc: danny.mccarty@enron.com X-From: Hayslett, Rod </O=ENRON/OU=NA/CN=RECIPIENTS/CN=RHAYSLE< X-To: Harris, Steven </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Sharris1< X-cc: McCarty, Danny </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Dmccarty< X-bcc: X-Folder: \RHAYSLE (Non-Privileged)\Hayslett, Rod\Sent Items X-Origin: Hayslett-R X-FileName: RHAYSLE (Non-Privileged).pst FYI -----Original Message----- From: Tu, Denis Sent: Monday, November 26, 2001 7:44 AM To: Centilli, James; Geaccone, Tracy; Hayslett, Rod Subject: FW: Radical Shift in Western Power and Gas Market Dynamics - CERA Monthly Briefing F.Y.I. -----Original Message----- From: webmaster@cera.com [mailto:webmaster@cera.com] Sent: Friday, November 23, 2001 9:01 PM To: clients@cera.com Subject: Radical Shift in Western Power and Gas Market Dynamics - CERA Monthly Briefing Title: The West Enters a Bust URL(s): http://www.cera.com/eprofile?u=35&;m=2810; *********************************************************************** RADICAL SHIFT IN WESTERN MARKET DYNAMICS The western power markets are entering a bust period as a result of the 24,000 megawatts of power plant additions and demand decline brought on by last year's high prices and the current economic softness. This bust period is likely to last for several years. Western gas markets have also entered a bust with the delayed start to winter and full storage inventories exerting downward pressure on both North American prices and western basis differentials. Through the remainder of this year and into well into next, western regional gas and power markets will remain soft and possibly weaken further. * Power operating reserves should rise to above 15 percent by next summer in the Southwest and California, pushing power prices down and improving reliability. * Power demand is expected to shrink by 11 percent in the fourth quarter; market contractions will return demand in 2002 to levels experienced in 1998. * Full gas storage inventories, huge declines in year-over-year demand, and the onset of significant pipeline capacity additions will keep a lid on West Coast differentials. **end** Follow above URL for complete Monthly Briefing (11 printed pages). E-mail Category: Monthly Briefing CERA Knowledge Area(s): Western Energy *********************************************************************** ************************************************************************************** CERAWeek February 11-15, 2002 - http://www.cera.com/ceraweek SPECIAL OFFER: Register on-line before November 30th, and a 2-Day Pass will be upgraded to a 4-Day Pass (maximum $1,800 value). Day 1: Global Oil/Refined Products; Day 2: Natural Gas/Global Energy; Day 3 & 4: Electric Power ************************************************************************************** To make changes to your cera.com profile go to: http://www.cera.com/client/updateaccount Forgot your username and password? Go to: http://www.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://www.cera.com/tos Questions/Comments: webmaster@cera.com Copyright 2001. Cambridge Energy Research Associates
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