Platts Energy Bulletin


The daily Energy Bulletin is a showcase of the top headlines posted on
platts.com (http://www.platts.com) over the past 24 hours. To view this file in
html, open the attachment at the bottom of this email. We welcome your feedback
- send your comments to feedback@platts.com. Instructions for unsubscribing can
be found at the bottom of each issue.

March 5, 2002

What's New on platts.com?

Platts Enron Report Read about the implications of Enron's bankruptcy on the
financial and energy communities.
(http://www.platts.com/features/enron/index.shtml)

US Futures Update A weekly round-up of the US futures markets.
(http://www.platts.com/risk_management/futures/index.shtml)

Quote of the Day A selection of industry/OPEC viewpoints.
(http://www.platts.com/quote.shtml)


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Futures Round-up

NYMEX: Crude to open higher, Russia export decision eyed
NYMEX April crude oil is called to open 30 cts higher at $22.75/bbl Tuesday.
April Brent is called to open 43 cts higher at $22.36/bbl. April heating oil is
called to open 75 pts higher at 59.20 cts/gal and April unleaded gasoline is
called to open 83 pts higher at 71.54 cts/gal.

IPE Brent Focus: IPE Brent crude tests key resistance levels
The benchmark April futures contract stood at $22.25/bbl, a key resistance
level, at 1042 GMT, up 30 cts on the day having gapped higher from Monday's
close at the start of ETS electronic business earlier in the day.



News Round-up
Click on the headlines below or paste the URLs provided in your internet browser
to see the full story.

OIL:
Norway says won't attend OPEC meeting as formal observer
Norway is not planning to attend the Mar 15 OPEC meeting in Vienna as a formal
observer, a spokeswoman for the country's oil ministry said Tuesday.
(http://www.platts.com/archives.shtml#59687)

NATURAL GAS:
UK offshore plan launched to boost oil, gas recovery
The UK launched Tuesday a package of measures to remove barriers to exploiting
the UK's estimated remaining 26-to 34-bil barrels of oil equivalent,
government-industry partnership Pilot said.
(http://www.platts.com/archives.shtml#59684)

PETROCHEMICALS:
S&P says Reliance merger has 'no impact' on ratings
The proposed merger announced by Indian oil and petrochemical giant Reliance
Industries Ltd with Reliance Petroleum Ltd "will not have any impact on its
credit rating," corporate ratings service Standard & Poor's announced Tuesday.
(http://www.platts.com/archives.shtml#59676)


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ELECTRIC POWER:
US high court upholds FERC open-access rulemaking
The US Supreme Court Monday morning upheld the Federal Energy Regulatory
Commission's landmark open-access rulemaking Order 888, putting aside state
complaints that the commission overstepped its jurisdiction in its effort to
usher in wholesale competition. (http://www.platts.com/archives.shtml#59660)

NUCLEAR:
Brunswick-1 sets LWR world record with 707-day run
US Brunswick-1 shut for a refueling outage Mar 1 after setting a world record
for light water reactors (LWRs) by running continuously for 707 days, five
hours, and 39 minutes. (http://www.platts.com/archives.shtml#59659)

COAL:
University of Northern Iowa issues solicitation
University of Northern Iowa currently expects to receive bids through May 2 on
15,000 tons of coal with an option to purchase an additional 5,000 tons over a
one-year period beginning this summer.
(http://www.platts.com/archives.shtml#59661)

To see the past five day's headlines posted on platts.com
go to Platts archives (http://www.platts.com/archives.shtml).





Upcoming Events:

Platts Policies and Methodology Forum, Platts will hold an open forum to discuss
its policies and methodologies on Sunday, March 17 at the Marriott Rivercenter
Hotel in San Antonio, Texas. The forum will be held in conjunction with the
annual meeting of the National Petroleum Refiners' Association. For further
details and to register go to
http://www.platts.com/oil/SanAntonioForum/sanantonioforumregister.shtml

4th Annual ELECTRIC POWER Conference & Exhibition, "Where the Operating
Companies Meet", Over 10 co-located events, 500 exhibiting companies and 6,000+
attendees. March 19-21, 2002, America's Center, St. Louis, Missouri. Organized
by The TradeFair Group, and Sponsored by POWER Magazine and Platts.
(http://www.electricpowerexpo.com/currentshow/home.asp)

"Grid Business: The Midwest," an Electrical World Roundtable in cooperation with
R.J. Rudden Associates and the United States Energy Association. March 20-21,
2002, in St. Louis, Missouri.
(http://www.platts.com/gridbusiness/index.html)

"Navigating the Perfect Storm: Charting Power Generation Success," the 17th
Annual Global Power Markets Conference. March 24-26, 2002, in New Orleans.
(http://www.platts.com/electricpower/GPMConf2002/index.shtml)



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PLATTS' MAGAZINES:

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(http://www.platts.com/business/issues/0201/0201geb_top250.shtml)



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