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Content-Type: text/plain; charset=ANSI_X3.4-1968 Content-Transfer-Encoding: 7bit X-From: "enerfax1" <enernetenergy@excite.com<@ENRON X-To: Enerfaxweb@yahoogroups.com X-cc: X-bcc: X-Folder: \ExMerge - Lewis, Andrew H.\Deleted Items X-Origin: LEWIS-A X-FileName: andy lewis 6-25-02.PST Enerfax Daily NORTH AMERICA'S FREE POWER AND GAS INFORMATION SOURCE Thursday, January 10 2002 No. 902 Visit: http://www.enerfax.com/ or for Oil Prices & News http://www.enerfaxgold.com/ PHYSICAL NATURAL GAS PRICES Gulf/Eastern Region | Agua Dulce | 2.17 | | ANR SE | 2.25 | | Carthage TG | 2.25 | | Chicago Citygate | 2.19 | | Columbia Gulf Onshore | 2.28 | | Dominion South Point | 2.38 | | Henry Hub | 2.31 | | Houston Ship Channel | 2.30 | | Katy Hub | 2.25 | | NGPL LA Pool | 2.18 | | NGPL - Midcontinent | 2.08 | | NGPL STX | 2.15 | | NGPL TX/OK | 2.16 | | NNG Demarc. | 2.12 | | Niagara | 2.48 | | Sonat Tier 1 | 2.26 | | TCO IPP Pool | 2.38 | | Tetco ELa | 2.30 | | Tetco M-3 | 2.61 | | Tetco STX | 2.18 | | TGP Zone 0 | 2.19 | | TGP Zone 1 (500 Leg) | 2.26 | | TGT Zone SL | 2.28 | | New York Citygate | 2.67 | | Transco Station 65 | 2.37 | | Transco Zone 6 (NY) | 2.67 | | Trunk ELa | 2.22 | | Western Region | California Border | 2.15 | | El Paso Keystone | 2.03 | | El Paso San Juan-Blanco | 2.00 | | Waha Hub | 2.10 | | Canadian/Rockies Region | Nova/Aeco (C$/gig) | 2.89 | | Dawn Hub/Union | 2.27 | | Northwest Stanfield | 2.03 | | Wyoming Pool | 1.92 | | Opal/Kern River | 1.94 | | PGT-Malin | 2.09 | | Sumas | 2.01 | Flow Date 01/10 ------------------------------------------------------------- NATURAL GAS FUTURES Henry Hub 12 Month Strip 2.5410 -0.0438 18 Month Strip 2.6860 -0.0429 | Month | High | Low | Close | Change | | FEB | 2.270 | 2.140 | 2.228 | -0.053 | | MAR | 2.260 | 2.150 | 2.232 | -0.053 | | APR | 2.270 | 2.245 | 2.266 | -0.024 | | MAY | 2.360 | 2.271 | 2.332 | -0.042 | | JUN | 2.450 | 2.320 | 2.402 | -0.040 | | JUL | 2.475 | 2.410 | 2.467 | -0.038 | | AUG | 2.525 | 2.465 | 2.517 | -0.038 | | SEP | 2.580 | 2.485 | 2.531 | -0.041 | | OCT | 2.605 | 2.515 | 2.566 | -0.041 | | NOV | 2.810 | 2.750 | 2.794 | -0.043 | | DEC | 3.050 | 2.975 | 3.021 | -0.046 | | JAN | 3.150 | 3.090 | 3.136 | -0.046 | ------------------------------------------------------------- - RISK MANAGEMENT Across the Energy Enterprise e-Acumen, Inc., is uniquely positioned to help you manage risk and increase value. That's because our analytics, data and applications cover all strategic aspects of the energy enterprise, from short-term forecasting to comprehensive risk analysis and portfolio optimization, to asset valuation and weather risk management. Dedicated to the needs of energy and trading companies in a dynamic and competitive world, our approach combines best-in-class physical fundamentals with industry-leading statistical methodologies. e-Acumen is a venture-backed company founded in January, 1997. Since then we have listened attentively to the market and assembled a stellar cast of seasoned energy industry professionals and Silicon Valley technologists. Join us as we help the industry continue its path toward liquidity and profitable, risk-managed growth in the exciting years ahead! Click here to find out more about current special offers, or go to http://www.e-acumen.com ------------------------------------------------------------- Natural Gas Futures Slip Lower Natural gas for February delivery on the NYMEX ended down $0.053 yesterday at $2.228 per MMBtu. The March contract also lost $0.053 and finished at $2.232 per MMBtu. The market opened down and continued to slowly slide most of the day reaching a low of $2.14 per MMBtu before the AGA released the weekly storage report data. The AGA showed a withdrawal of 190 Bcf for last week, somewhat more than was expected by most. The market jumped higher after the report and finished on an up-tick. Even though the year-on-year deficit was reduced by 23 Bcf, there is still a long way to go with 1.1 Bcf more in storage than a year ago. There is now 2.67 Tcf in storage and it is about 81% full. A year ago, only 1.562 Tcf was in storage. Storage inventories are 58% above where they were a year ago and 26% above the AGA's 5-year average of 2,124 Bcf. Look for the market to continue higher today mainly on short-covering. Natural gas for next day delivery across the US and Canada was general down $0.05 $0.10 yesterday. Natural gas for next day delivery at the Henry hub lost $0.07 to $2.31 per MMBtu. ------------------------------------------------------------- Exploit the enterprise-wide transaction management power deployed by the big names in gas. NUCLEUS Software ZAINET Gasmaster The most comprehensive, totally-integrated natural gas information system available today. Ask about out limited-time offer competitive upgrade program. CAMINUS Your Competitive Edge in Energy. Call Caminus at (212)515-3700 or visit the website at www.caminus.com ------------------------------------------------------------- Today's Power Bulletins * Duke Energy Breaks Ground on $150 Million, 165 MW Power Plant in Guatemala * Caminus Strengthens Commitment to Advising Global Energy Markets and Providing Leading Analytic Solutions to Energy Companies * TECO Energy Announces Sale of $400 Million of Mandatorily Convertible Securities * Duke Energy Notes Rated A+ by Fitch * NRC to Hold Meeting Next Week on Findings of Federal Investigation into Loss of 2 Nuclear Fuel Rods at Dominion Resources' Millstone Plant in Waterford, Connecticut * PG&E Bankruptcy Judge Rules 1,250 Claims of Chromium Poisoning Against Utility Should be Heard in California State Court * California PUC to Investigate Business Dealings Between State's Utilities and Their Parent Holding Companies * Northeast, Mid Continent and Southeast Power Spot Prices Slip as Warmer Weather Returns ------------------------------------------------------------- DO YOU JUST SEE TREES? WE SEE A FOREST! See the forest with NewEnergy MarketPower by efficiently obtaining information for critical market-based investment decisions and mitigate your risk. Use MarketPower to determine the effects of transmission congestion, fuel costs, generator availability and load growth on market prices to better execute your company's strategic direction. Designed specifically for today's energy industry, MarketPower is accurate and easy-to-use, so you can plan for tomorrow...today! New Ideas...New Solutions...NewEnergy. For a free 30-day trial visit us at http://www.NewEnergyAssoc.com/justdownloadit or call us at 770 779 2957 for more information ------------------------------------------------------------- AGA Natural Gas Storage Report Week Prev Ending Prev Prev Year | Region | 1/04/01 | Week | Diff | % Full | Year | % Full| | Prod | 777 | 837 | -60 | 82% | 373 | 39% | | East | 1482 | 1605 |-123 | 81% | 933 | 50% | | West | 407 | 414 | -7 | 81% | 256 | 51% | | Total | 2666 | 2856 |-190 | 81% | 1562 | 48% | ------------------------------------------------------------- Ex-Worker Threatens Nuclear Plant Employees Employees at Edison Internationals San Onofre nuclear power plant were allegedly threatened by a former maintenance worker who was fired last month. The nuclear plant was not in danger as the alleged verbal threats were made at another location. The man was arrested on charges of making deadly threats, storing weapons in the reach of a minor, possession of a concealed weapon in a vehicle and possession of illegal ammunition. Deputies found 42 weapons at the suspect's home and another 250 at a storage facility. Law enforcement officials also found 3,000 to 4,000 rounds of ammunition and 4 hand grenades at the storage facility. While opening an ammunition container 2 deputies were exposed to a yellow gas, thought to be tear gas. Edison owns 75% of the nuclear station, Sempra owns 20% and two California towns own the other 5%. -------------------------------------------------------------- FAST. FLEXIBLE. PROVEN. The AURORA(TM) electric market model helps you deal with the challenges and risks of today's energy marketplace. Exceptionally fast and easy to learn, AURORA(TM) reflects fundamental market drivers and gives power marketers, resource developers and portfolio managers a better way to manage against market uncertainty and price volatility. AURORA delivers - ? Price forecasts - hourly, daily, weekly, monthly, yearly ? On-peak, off-peak pricing ? Resource valuation and net power costs ? Portfolio analyses ? Capacity expansion analyses ? Effects of emissions ? And much more . . . AURORA's comprehensive databases cover all electricity markets throughout the U.S. and Canada. The model also handles storage, congestion pricing, and offers detailed reporting and data export capabilities. It can be used as a stand-alone tool or be integrated with your other business tools. Visit us at www.epis.com or call (503) 722-2023. EPIS, Inc. Market Information Solutions for the Electric Power Marketplace ------------------------------------------------------------- Natural Gas NYMEX Volume 02FEB 31,085 02MAR 10,038 02APR 4,248 02MAY 2,119 02JUN 1,118 02JLY 1,238 02AUG 1,668 02SEP 1,193 02OCT 1,841 02NOV 862 02DEC 892 03JAN 1,854 03FEB 602 03MAR 237 03APR 74 03MAY 22 03JUN 78 03JLY 12 03AUG 2 03SEP 233 03OCT 2 03NOV 2 03DEC 401 04JAN 3 ------------------------------------------------------------- GET REAL about energy risk management with KWI In today's fast moving energy markets you need to be able to manage risk in real time. That means knowing before you hit a risk problem, not afterwards when it may be too late to prevent big losses spreading right through your enterprise. With kW3000(tm), our multi-commodity, integrated front to back office software, you can monitor your Profit At Risk(tm), counterparty risk and mark-to-market all in real time. Keep alert to risk. Do it in real time. Call KWI -Americas: +1-281- 681-3301 / Europe: +44 (0) 20-7386-2700 / Asia Pacific: +61(0) 2-9976- 6111 http://www.kwi.com/ -------------------------------------------------------------- Government and Auto Makers to Develop Fuel Cells The DOE and the US Council for Automotive Research, an organization formed by GM, Ford and DaimlerChrysler to speed up fuel efficiency research, have agreed to fund a new program called FreedomCar to develop hydrogen-based fuel cells for use in cars. The agreement will require significant investment by the automobile industry and the federal government, the council said. The new program represents the government's commitment to devote research and development money and future policy toward hydrogen as an eventual replacement for gasoline, according to the DOE. FreedomCAR replaces the Partnership for a New Generation Vehicle, whose goal was to develop a car that gets 80 miles per gallon of fuel. PNGV was a partnership between federal agencies, Ford, GM and DaimlerChrysler to develop a car with 3 times the fuel efficiency of a 1994 model by 2004. The 2002 federal fiscal budget had allotted $127 million for PNGV. The 2003 budget allotment for FreedomCAR will not be known until the president submits his budget to Congress in a few weeks. The program is open to all auto makers, not just domestic car manufacturers, leaving the door open for Toyota, Honda, etc. to join if they wish. FreedomCAR might also include suppliers from the hydrogen production industry. Currently, fuel cells cost about $400 per kW of energy produced and last for about 3,000 hours. In order to be competitive with combustible engines, fuel cells need to be priced about $40 per kW and last about 5,000 hours, or about 120,000 miles. Fuel cells can obtain hydrogen from a variety of sources, including methanol and natural gas. Fuel cell-powered vehicles have not been introduced because they are more expensive than gasoline-powered vehicles and there is no commercial fuel delivery system. The US has only 2 hydrogen-fueling stations for cars in operation, which are not open to the public, compared to about 1,300 fueling stations for vehicles that run on compressed natural gas and even more for those that run on propane. The DOE secretary said that he thinks that the nations carbon-based economy may pass from the scene to perhaps be replaced by hydrogen. The DOE held meetings last year with auto makers, energy suppliers, fuel cell manufacturers and educational experts to create a plan for how a hydrogen-based economy would operate. Currently a consensus on whether hydrogen should be shipped through a pipe or made at the end point by electricity does not exist. Ford, GM and DaimlerChrysler have each said they plan to have some fuel-cell vehicles commercially available by 2004. ------------------------------------------------------------- ENERGY. @ENERGY(r), FEA's Complete Suite of Energy Products, BUILT FOR THE FUTURE. *Manage all your energy risks. *Build and Price deals. *Value physical assets (generation, storage, etc.) *Report and reduce your energy risks FEA FINANCIAL ENGINEERING ASSOCIATES Inc. http://www.fea.com/?cId=17 main phone number: 1 510-548-6200 email address: info@fea.com ------------------------------------------------------------- PHYSICAL POWER PRICES | | High | Low | Average | | | $/MWh | $/MWh | $/MWh | | Cinergy | 21.00 | 18.00 | 19.25 | | ECAR | 21.00 | 18.00 | 19.80 | | ERCOT | 19.00 | 18.00 | 18.15 | | Entergy | 20.00 | 18.25 | 19.10 | | TVA | 24.30 | 22.75 | 23.50 | | ComEd | 18.75 | 18.50 | 18.60 | | Nepool | 30.00 | 28.75 | 29.30 | | PJM West | 24.00 | 22.50 | 22.85 | | Main | 19.50 | 17.00 | 18.55 | | MAPP | 19.75 | 17.00 | 18.75 | | Palo Verde | 21.25 | 19.00 | 20.25 | | Mid C | 19.25 | 18.00 | 18.70 | | COB | 20.25 | 19.50 | 19.80 | | 4 Corners | 20.50 | 19.00 | 19.95 | | Mead | 21.50 | 19.25 | 19.95 | | NP 15 | 22.50 | 20.25 | 21.35 | | SP 15 | 22.25 | 20.50 | 21.60 | ------------------------------------------------------------- Skipping Stone's Texas Power Markets: Restructuring / Competition Report guides you through the newly emerging Texas energy marketplace terrain with the most current information available today. * Insight on the latest orders issued as of December 14, 2001 by both the PUCT and ERCOT, how they will affect the Texas energy market * Market statistics and characteristics that will impact your business * Graphs, tables and pictures give a snapshot for a quick grasp of the market * Over 130 color pages of clear, concise information for only $995 For more information, visit www.skippingstone.com and link to the Texas Power Markets: Restructuring / Competition Report in the Knowledge Mall. ------------------------------------------------------------- Todays Gas Bulletins * Justice Department Opens Criminal Investigation of Enron * Anadarko President John Seitz Succeeds Robert Allison as CEO * Anadarko Investor Road Show Webcast Set for January 14th * Venus Exploration Delisted From Nasdaq SmallCap Market; To Trade on OTC Bulletin Board Under Symbol VENX * PSE&G Gas Filings Ruled on by NJ Board of Public Utilities; Residential Natural Gas Heating Customer Bills to Decline by 3.3% * Qatar and Pakistan Resurrect $5 Billion Natural Gas Project to Supply 1.6 Bcf per Day from Qatar to Pakistan by Pipeline * l.Enron Online Scheduled to Be Auctioned Off in New York Today *Enron Seeks Bids for 50% Stake in South Korean Natural Gas Distributor this Month *Citicorp and UBS Warburg Bid for Majority Stake in Enrons Energy Trading Operations *Questar Market Resources Sells $200 Million in 5-Year Notes ------------------------------------------------------------- Ziff Energy Group presents Gas Storage 2002 Redefining the Fundamentals: Is Gas Still in the Storage Game? Power Drives Storage Will the recession affect plant and storage development? Will record high volumes in storage further depress gas prices? Is it possible to mitigate storage risk while dealing with year-round price volatility? Plus Two Important Workshops Calpine Corporation Hear what the Power Generator wants from the storage industry Bruce Bernard Learn from the expert how to mitigate storage price risk in the 2002 gas marketplace February 6 & 7 Houston Four Season Hotel 1300 Lamar Street Register Today for this Important Conference Call 1-800-853-6252 Email: gasconference@ziffenergy.com Visit: www.ziffenergyconferences.com ------------------------------------------------------------- EIA Says 2002 Natural Gas Prices to Average Just $2.05 High storage inventories are expected to keep downward pressure on natural gas prices throughout most of the year, according to the EIA. However, a sharp downturn in drilling activity and growing demand should rally prices for 2003, but for 2002 pressure on domestic wellhead prices will keep them near $2 per Mcf, the agency in its latest short-term energy outlook. Wellhead prices are expected to average $2.05 per Mcf this year before jumping to $2.65 per Mcf in 2003. Both estimates reflect dramatic reductions from the 2001 average of $4.14 per Mcf. The agency's quarterly and annual price estimates are up slightly from its December report, when EIA pegged the 2002 gas price at $1.96 per Mcf. ------------------------------------------------------------- R. W. Beck is an engineering and management consulting firm serving utilities, developers, financiers and governments worldwide. Founded in 1942, we help our clients face energy market challenges by providing: Portfolio Analysis to improve diversification and risk-adjusted performance of energy assets. Risk Control services to help reduce the probability of losses. Systems and Facilities services to identify, design and implement effective risk management systems. Training to improve your ability to identify and manage tactical and strategic risks. Please visit our web site at http://www.rwbeck.com ------------------------------------------------------------- POWER FUTURES | Month | COB | Change | PV | Change | | FEB | 22.00 | -1.00 | 22.50 | -1.00 | | MAR | 21.00 | +1.50 | 22.00 | -1.25 | | APR | 21.00 | +2.00 | 24.00 | -0.50 | | MAY | 20.00 | +1.75 | 25.00 | -0.50 | | JUN | 21.00 | +0.50 | 30.00 | -1.00 | | JUL | 29.00 | +1.00 | 40.00 | +0.00 | | AUG | 39.50 | +2.50 | 44.25 | -1.25 | | SEP | 35.00 | +5.00 | 35.00 | -0.75 | | OCT | 26.00 | -1.50 | 26.25 | -4.50 | | NOV | 27.00 | +0.00 | 26.25 | -3.75 | | DEC | 27.00 | -1.00 | 26.25 | -3.75 | | JAN | 27.00 | -1.00 | 26.00 | -4.75 | | Month | Entergy | Change | Cinergy | Change | | FEB | 19.80 | +0.10 | 21.70 | -1.70 | | MAR | 20.60 | -0.30 | 22.60 | -0.30 | | APR | 20.60 | -0.30 | 22.60 | -0.30 | | MAY | 24.15 | -0.10 | 26.10 | -0.30 | | JUN | 30.25 | -0.25 | 33.50 | -0.50 | | JUL | 38.75 | -0.25 | 43.50 | -0.50 | | AUG | 38.75 | -0.25 | 43.50 | -0.50 | | SEP | 21.50 | -0.50 | 23.60 | -0.15 | | OCT | 22.50 | +0.00 | 23.25 | -0.25 | | NOV | 22.50 | +0.00 | 23.25 | -0.25 | | DEC | 22.50 | +0.00 | 23.25 | -0.25 | | JAN | 24.75 | +0.00 | 26.50 | +0.00 | ------------------------------------------------------------- Power Futures | Month | PJM | Change | | FEB | 25.25 | -0.50 | | MAR | 24.85 | -0.15 | | APR | 24.85 | -0.15 | | MAY | 28.60 | -0.20 | | JUN | 36.25 | -0.25 | | JUL | 49.90 | -0.35 | | AUG | 49.90 | -0.35 | | SEP | 25.20 | -0.35 | | OCT | 25.20 | -0.05 | | NOV | 25.20 | -0.05 | | DEC | 25.20 | -0.05 | | JAN | 28.90 | +0.10 | ------------------------------------------------------------- PJM and Midwest ISO Plan Common Market The PJM Interconnection and the Midwest ISO plan to form a common wholesale electric market that would cover 27 states, plus the District of Columbia and Manitoba. The plan is still preliminary, but the parties have released an unexecuted letter of intent, which they will discuss with the member committees on January 16th and 17th. The market would affect about 32 million people. It would include Pennsylvania, New Jersey, Maryland, Delaware and Washington DC, plus the portions of West Virginia and Ohio served by Allegheny Energy, which will form PJM West this year, along with Duquesne Light. The Midwest ISO includes Manitoba, Montana, North Dakota, South Dakota, Wyoming, Minnesota, Wisconsin, part of Iowa, Nebraska, Kansas, Missouri, Illinois, Michigan, Indiana, Kentucky and Ohio. The letter of intent states that the market will facilitate wholesale markets, both in areas where retail electric industry restructuring is occurring, as well as areas where retail restructuring is still being evaluated. The market will allow the larger region to rapidly realize the benefits that industry restructuring at the wholesale level had otherwise promised but not yet fully achieved. Detail are still sketchy, they could not say how transmission might be coordinated, nor which electric products might be included. However, PJM emphasized that it would not be a merger of the ISOs and do not yet have an estimated time frame for startup. ------------------------------------------------------------- Energy Seminars, Inc. Announces Key Seminar Offerings for January: Energy Seminars will be going to Florida and Calgary in 2002! Click to www.energyseminars.com to see our 2002 schedule. Register on-line at http://www.energyseminars.com or call Registrar Gina Patrick Phone: 281-362-7979 FAX: 281-296-9922 ---------------------------------------------------------------------- ---------------------------------------------------- Baker Hughes December 2001 Rig Counts Baker Hughes says the international rig count for December 2001 was 752, up 11 from 741 in November 2001 and up 47 from 705 in December 2000. The international offshore rig count for December 2001 was 222 up 2 from 220 in November 2001 and up 21 from 201 in December 2000. The US rig count for December 2001 was 901 down 99 from 1,000 in November 2001 and down 196 from 1,097 in December 2000. The Canadian rig count for December 2001 was 264 down 2 from 266 in November 2001 and down 146 from 410 in December 2000. The worldwide rig count for December 2001 was 1,917 down 90 from 2,007 in November 2001 and down 295 from 2,212 in December 2000. ------------------------------------------------------------- Western Resources Sues PNM In a bid to salvage a $4.5 billion sale of its utilities, Western Resources has said that PNM cannot cancel the deal while decisions by regulators that a condition of the sale was unlawful and an ordered rate cut is under appeal. Western Resources, which is suing to force PNM to complete the sale, detailed its position in a letter to PNM, which was disclosed in a SEC filing. PNM, New Mexico's largest utility, has formally rescinded its offer to purchase Westerns KPL and KGE units. According to PNM, Kansas regulators effectively killed the deal last July when they rejected Western's plan to place the utilities into a separate company, a condition of the sale, and cut customer power rates, lowering the utilities' expected revenue. After the regulatory decision, the companies entered into negotiations, which broke down last August. PNM filed suit against Western in October to end the sale and win unspecified damages. Western in turn filed suit in November, seeking hundreds of millions of dollars in damages from PNM for breach of contact. The purchase agreement called for PNM to pay 55 million shares, worth $1.6 billion and assume $2.9 billion of debt. In the termination letter, PNM said Western is unlikely to overturn the regulators' rejection of the purchase, and the rate cut will have a materially adverse effect on the business. PNM claims those conditions give it the right to cancel the sale without paying a breakup fee of up to $35 million. Western Resources says that it is working to reach a settlement with the regulators by the merger deadline at the end of this year and that doubts about its success does not give PNM the legal right to withdraw. ------------------------------------------------------------- Progas Storage Services, Inc Was recently organized to offer specialized natural gas storage services to marketers and end users servicing the upper Midwest and Northeast market regions along the major transmission systems in Indiana, Illinois, Kentucky, and Michigan. PGSMI has 10 bcf of potential working capacity which will offer service along TXG, ANR, Midwestern, and is currently evaluating for purchase another 21 bcf of potential working capacity which can be serviced by these and other systems in the region. PGSMI also explores for natural gas in the Gulf Coast region through a wholly owned subsidiary. Progas intends to go public through a route of private industry offerings, and an IPO or registration. For more information on services or the company mail to: gastorage@aol.com or for AOL mail to gastorage@aol.com; The company's executive and administrative office is located in Abilene, Texas with storage operations in Owensboro, KY and exploration operations in Corpus Christi, TX. Vist our website http://www.progas.net/wip Progas Storage Services, Inc 8610 S. Hwy 277 Abilene, TX 79606 Ph 915 698 3699 Fx 915 698 2859 ------------------------------------------------------------- FINANCIAL SUMMARY The TSE 300 dipped 6.26 points to 7775.78 The CRB Index gained 0.10 points to 195.03 The US Dollar increased 0.16 points to 116.94 The Dow declined 56.46 points to 10094.09 The S&P 500 dropped 5.57 points to 1155.14 The Nasdaq was down 10.89 points to 2044.89 February NYMEX Crude Oil fell 1.07 to 20.18 Canadian-US Exchange lost 0.0029 to 1.5950 ------------------------------------------------------------- Pure Text, Lotus, AOL, Yahoo, Excite, Readers-subscribe by writing to: enerfax-subscribe@egroups.com Outlook Email Readers-subscribe to webmail by writing to: mailto:join-EnerfaxDaily@relay.netatlantic.com ------------------------------------------------------------- Washington DC January 24, 2002 Spencer Abraham U.S. Secretary of Energy to address energy community on potential security and commerce threats. Also to speak will be key directors from the CIA, SPR, IEA, SPR and more. See complete detail and register today at http://www.wesc.org ------------------------------------------------------------- Please welcome our advertisers by visiting these websites. http://www.e-acumen.com http://www.kwi.com/ http://www.fea.com/ http://www.caminus.com/ http://www.progas.net/wip http://www.ziffenergyconferences.com/ http://www.energyseminars.com http://www.skippingstone.com http://www.epis.com http://www.rwbeck.com http://www.NewEnergyAssoc.com Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
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