Platts Energy Bulletin

The daily Energy Bulletin is a showcase of the top headlines posted on
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February 12, 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)

Iranian Gas Industry: Iran is seeking to establish a partnership with a European
gas company as part of its plan to market Iranian gas in Europe, Iranian oil
minister Bijan Zanganeh said.
(http://www.platts.com/features/iran-interview/index.shtml)

European Power Market Profiles: An overview of power markets in France, Germany,
Italy, Spain and the UK.
(http://www.platts.com/electricpower/profiles/index.shtml)

Advertisement:
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Energy Jobs Network, the Jobs Board gives you access to a pool of job seekers
and open positions across the energy industry. It's free for all job seekers,
and there is a range of packages for employers posting jobs.
(http://www.energyjobsnetwork.com/home.asp?code=platts)

Futures Round-up

NYMEX: Crude to open lower as Monday's rally clearer
NYMEX March crude oil is called to open 29 cts lower at $21.12/bbl Tuesday.
March Brent is called to open 40 cts lower at $21.00/bbl. March heating oil is
called to open 84 pts lower at 55.35 cts/gal and March unleaded gasoline is
called to open 64 pts lower at 61.36 cts/gal.

IPE Brent Focus: IPE Brent crude lower following sharp rally late Monday
IPE Brent futures ticked lower in open outcry dealing Tuesday on the back of a
lack of fresh buying following Monday's late sharp price rally, sources said.
Light profit taking caused prices to drift slowly lower as front-month March
futures stood at $21.10/bbl at 1116 GMT, off 34 cts from Monday's close.


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

OIL:
Saudi Arabia's Naimi wants oil price around $20/bbl
Saudi Arabian oil minister Ali Naimi Tuesday said he wanted to see crude prices
close to $20/bbl, AFP reported. At a joint press conference in Riyadh with
visiting Norwegian oil minister Einar Steensnaes, Naimi said the price should
"not be significantly less than $20/bbl and not significantly higher than
$20/bbl." (http://www.platts.com/archives.shtml#58856)

NATURAL GAS:
Iberdrola may bid for Enron's Spanish operations
Iberdrola is studying the possibility of bidding for some of Enron's power plant
projects in Spain, a spokesman for the Spanish power producer said Tuesday.
(http://www.platts.com/archives.shtml#58852)

PETROCHEMICALS:
DuPont to align businesses into five growth platforms
DuPont has announced further developments in its push as a "sustainable growth
company" with plans for the alignment of its businesses in five market-and
technology-focused growth platforms.
(http://www.platts.com/archives.shtml#58813)

Advertisement:
Platts Global Energy Buyers' Guide: The Buyers' Guide encompasses thousands of
products and services needed worldwide by companies involved in the generation
and delivery of electric power and its related services. It is a dynamic
information service, updated daily as companies enter the market, merge or
change their product/service offerings.


ELECTRIC POWER:
UK launches extreme weather study for transmission lines
UK energy minister Brian Wilson has initiated a study of the electricity
transmission and distribution system's resilience and its ability to cope with
extreme conditions or an emergency. (http://www.platts.com/archives.shtml#58851)

NUCLEAR:
NRC Commission tells staff to prepare interim security orders
The NRC Commission has told staff to prepare orders on interim security measures
the commission wants reactor licensees to adopt, given the current threat
environment. (http://www.platts.com/archives.shtml#58829)

COAL:
OVEC sells notes to finance SCR construction
Ohio Valley Electric Corp. has sold $305-mil of notes to pay for the selective
catalytic reduction systems under construction at its two coal-fired power
plants, the utility said. (http://www.platts.com/archives.shtml#58826)

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


Upcoming Events:

"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)


PLATTS' MAGAZINES:

Global Energy Business - Top 250 energy Companies
The first annual survey by Global Energy Business (GEB) of financial performance
for leading energy companies worldwide presents year 2000 data--assets,
revenues, profits, earnings per share, and return on invested capital--for firms
with assets exceeding $2-bil. Data were supplied by Standard & Poor's (S&P), a
unit of The McGraw-Hill Companies, New York, from its Compustat data base.
(http://www.platts.com/business/issues/0201/0201geb_top250.shtml)



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