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-----Original Message----- From: djcustomclips@djinteractive.com Sent: Thu 8/23/2001 11:38 AM To: 168842@mailman.enron.com Cc: Subject: Rahil Jafry: Top Marketer Volumes Still Showing Tremendous Growth, NGI Says Top Marketer Volumes Still Showing Tremendous Growth, NGI Says 08/23/2001 Business Wire (Copyright © 2001, Business Wire) DULLES, Va.--(BUSINESS WIRE)--Aug. 23, 2001--North America's top 20 largest natural gas marketers showed a greater than 20% increase in volume--up 31 Bcf/d--during the second quarter to 168.9 Bcf/d. Only Coral, PG&E, Williams and ExxonMobil reported slight decreases compared to the second quarter of 2000, according to NGI's quarterly ranking of the companies based on volume. "We're seeing a lot more electronic trading," said Ben Schlesinger of Maryland-based Schlesinger & Associates in explaining the causes of the continued growth. "EnronOnline is still seeing growth and so is ICE (IntercontinentalExchange). I also think we are seeing a lot more financial trading as well. There was plenty in the last year or two, but I think one thing that has continued to change is the real upsurge in the kinds of risk trading that these guys are offering. That's a movement that's likely to continue in the both the gas and electricity markets." The largest volume and percentage increases among the top 20 were shown by American Electric Power, BP, Mirant, El Paso, PanCanadian and Reliant. AEP jumped from 18th in NGI's ranking in the second quarter 2000 to 10th in 2Q2001 with a 5.5 Bcf/d increase (179%). BP moved up to second place from fifth with a 4.9 Bcf/d increase (66.2%). BP's second-place volumes, at 12.3 Bcf/d were only half of Enron's 25.3 Bcf/d. Mirant came in third with a 4.1 Bcf/d rise (53%)to 11.8 Bcf/d. Although El Paso posted 51% volume growth (3.1 Bcf/d), it was pushed down by several other rapidly growing companies to the 9th place from No. 2. Filling in the top 10 were Reliant in fourth place, Duke in fifth, Dynegy sixth, Aquila seventh and Sempra eighth, according to NGI's tally. "Volumes aren't perfect, but they are the best and most clear thing that we have in terms of gauging the size of these business," Credit Suisse First Boston Analyst Curt Launer told Natural Gas Intelligence. "That growth you are seeing is going to continue. This is an industry which really is only reaching one third of the market that is out there for it. If you total all of the things that these companies are doing right now, they really are only addressing about $100 billion worth of what is really a north of $300 billion U.S. energy market. There's probably three to five years worth left of excellent growth because you are going to have a tripling of the market that these companies address over the next several years before you and I have to have a conversation about who has a better business model or who really can gain market share and is doing things better than anyone else." To read the complete marketer rankings and other industry information and prices, please sign up for a free trial at <http://intelligencepress.com/<; . You will have four weeks free access to Natural Gas Intelligence, NGI's Daily Gas Price Index and NGI's Power Market Today, with price data, news archive searching and graphing capabilities. CONTACT: Natural Gas Intelligence Cathleen Behan, 703/318-8848 11:27 EDT AUGUST 23, 2001 Folder Name: Rahil Jafry Relevance Score on Scale of 100: 82 ______________________________________________________________________ To review or revise your folder, visit <http://www.djinteractive.com<; or contact Dow Jones Customer Service by e-mail at custom.news@bis.dowjones.com or by phone at 800-369-7466. (Outside the U.S. and Canada, call 609-452-1511 or contact your local sales representative.) ______________________________________________________________________ Copyright © 2001 Dow Jones & Company, Inc. All Rights Reserved
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