Enerfax Daily
NORTH AMERICA'S FREE POWER AND GAS INFORMATION SOURCE
Monday, June 4, 2001 No. 753
Visit our website at: http://www.enerfax.com, where over 30 additional power stories can be found.
If you would like to receive our daily free email write Enerfax-subscribe@egroups.com.
For Oil Prices & News write enerfaxgold-subscribe@egroups.com . Today over 100 linked energy stories
found on page 7 at http://www.enerfaxgold.com

Please view in a fixed-width font such as Courier.

GAS FUTURES
Henry Hub
12 Month Strip  4.0966  +0.0298
18 Month Strip  4.0451  +0.0300
| Month | High  |  Low  | Close | Change |
| JUL   | 4.000 | 3.811 | 3.930 | +0.016 |
| AUG   | 4.070 | 3.895 | 4.009 | +0.019 |
| SEP   | 4.090 | 3.933 | 4.046 | +0.024 |
| OCT   | 4.130 | 3.965 | 4.079 | +0.031 |
| NOV   | 4.300 | 4.131 | 4.244 | +0.034 |
| DEC   | 4.480 | 4.300 | 4.409 | +0.036 |
| JAN   | 4.530 | 4.373 | 4.477 | +0.036 |
| FEB   | 4.380 | 4.380 | 4.360 | +0.036 |
| MAR   | 4.230 | 4.120 | 4.190 | +0.035 |
| APR   | 3.875 | 3.790 | 3.840 | +0.030 |
| MAY   | 3.800 | 3.730 | 3.765 | +0.030 |
| JUN   | 3.855 | 3.770 | 3.810 | +0.030 |


PHYSICAL GAS PRICES
| Gulf/Eastern Region              |       |
| Agua Dulce                       | 3.60  |
| ANR SE                           | 3.56  |
| Carthage TG                      | 3.65  |
| Chicago Citygate                 | 3.74  |
| Columbia Gulf Onshore            | 3.66  |
| Dominion TTT South(CNG S. Point) | 3.96  |
| Henry Hub                        | 3.72  |
| Houston Ship Channel             | 3.75  |
| Katy Hub                         | 3.73  |
| NGPL - Midcontinent              | 3.56  |
| NGPL STX                         | 3.60  |
| NGPL TX/OK                       | 3.64  |
| Niagara                          | 3.86  |
| Sonat Tier 1                     | 3.60  |
| TCO IPP Pool                     | 3.84  |
| Tetco ELa                        | 3.64  |
| Tetco M-3                        | 3.91  |
| Tetco STX                        | 3.57  |
| TGP Zone 0                       | 3.57  |
| TGP Zone 1                       | 3.76  |
| TGT Zone SL                      | 3.67  |
| New York Citygate                | 3.92  |
| Transco Station 65               | 3.73  |
| Transco Zone 6 (NY)              | 3.92  |
| Trunk ELa                        | 3.57  |
| Western Region                   |       |
| California Border                | 8.80  |
| El Paso Permian                  | 3.62  |
| El Paso San Juan                 | 2.60  |
| Waha Hub                         | 3.60  |
| Canadian/Rockies Region          |       |
| Nova/Aeco (in C$/GJ)             | 4.74  |
| Dawn Hub/Union                   | 3.91  |
| Northwest Stanfield              | 3.25  |
| Wyoming Pool                     | 2.60  |
| Opal                             | 2.61  |
| PGT-Malin                        | 4.30  |
| Sumas                            | 3.10  |


POWER FUTURES
| Month |   COB   | Change |   PV    | Change  |
| JUL   | 260.00  | -40.00 | 300.00  | +10.00  |
| AUG   | 300.00  | -60.00 | 340.00  | +15.00  |
| SEP   | 205.00  | -20.00 | 203.00  | +18.00  |
| OCT   | 180.00  | -25.00 | 135.00  |  +5.00  |
| NOV   | 150.00  | -35.00 |  95.00  | +10.00  |
| DEC   | 170.00  | -30.00 | 100.00  | +10.00  |
| JAN   | 145.00  | -30.00 |  70.00  |  +0.00  |
| FEB   | 130.00  | -30.00 |  60.00  |  +0.00  |
| MAR   |  85.00  | -30.00 |  60.00  |  +0.00  |
| APR   |  62.00  | -10.00 |  55.00  |  +0.00  |
| MAY   |  62.00  | -10.00 |  55.00  |  +0.00  |
| JUN   |  62.00  | -10.00 |  75.00  |  +0.00  |
| Month | Entergy | Change | Cinergy | Change  |
| JUL   |  88.00  | +0.00  |  83.00  |  +0.00  |
| AUG   |  88.00  | +0.00  |  74.00  |  +0.00  |
| SEP   |  42.00  | +0.00  |  36.00  |  +0.00  |
| OCT   |  36.00  | +0.00  |  34.50  |  +0.00  |
| NOV   |  36.00  | +0.00  |  34.50  |  +0.00  |
| DEC   |  36.00  | +0.00  |  34.50  |  +0.00  |
| JAN   |  38.00  | +0.00  |  37.00  |  +0.00  |
| FEB   |  38.00  | +0.00  |  37.00  |  +0.00  |
| MAR   |  35.50  | +0.00  |  34.50  |  +0.00  |
| APR   |  35.50  | +0.00  |  34.50  |  +0.00  |
| MAY   |  40.00  | +0.00  |  39.00  |  +0.00  |
| JUN   |  52.00  | +0.00  |  49.00  |  +0.00  |


POWER FUTURES
| Month  |  PJM  | Change |
| JUL    | 83.00 | +0.00  |
| AUG    | 73.00 | +0.00  |
| SEP    | 39.25 | +0.00  |
| OCT    | 36.00 | +0.00  |
| NOV    | 36.00 | +0.00  |
| DEC    | 36.00 | +0.00  |
| JAN    | 42.00 | +0.00  |
| FEB    | 42.00 | +0.00  |
| MAR    | 37.50 | +0.00  |
| APR    | 37.50 | +0.00  |
| MAY    | 40.50 | +0.00  |
| JUN    | 51.00 | +0.00  |


NATURAL GAS OPTIONS
|       | Closing | Days | Implied ATM |
| Month |  Price  | Left | Volatility  |
| JUL   |  3.930  |  26  |   58.54%    |
| AUG   |  4.009  |  56  |   57.42%    |
| SEP   |  4.046  |  89  |   56.97%    |
| OCT   |  4.079  | 117  |   57.48%    |
| NOV   |  4.244  | 148  |   58.46%    |
| DEC   |  4.409  | 180  |   58.44%    |


PHYSICAL POWER PRICES
|            |  High   |   Low   | Average |
|            |  $/MWh  |  $/MWh  |  $/MWh  |
| Cinergy    |  21.00  |  18.50  |  20.15  |
| ECAR       |  23.85  |  19.85  |  21.85  |
| ERCOT      |  37.00  |  39.00  |  38.00  |
| Entergy    |  27.00  |  28.50  |  28.00  |
| TVA        |  32.00  |  25.30  |  27.60  |
| ComEd      |  21.00  |  19.00  |  19.85  |
| PJM West   |  26.50  |  25.05  |  25.60  |
| Main       |  23.00  |  18.50  |  21.05  |
| MAPP       |  23.50  |  18.25  |  21.90  |
| Palo Verde | 210.02  | 175.00  | 185.00  |
| Mid C      | 165.00  | 120.00  | 142.20  |
| COB        | 165.00  | 165.00  | 165.00  |
| 4 Corners  | 185.00  | 170.00  | 178.35  |
| Mead       | 192.00  | 180.00  | 187.40  |
| NP 15      | 175.00  | 180.00  | 159.80  |
| SP 15      | 135.00  | 135.00  | 135.00  |
_______________________________________________
Go to http://www.enerfax.com for over 30 additional power stories.
_________________________________________________

Today's Power Bulletins
 * American Electric Power Takes Over Operation of Lignite Mine Producing Fuel for 645 MW Dolet Hills Power Plant in
Northwestern Louisiana
 * Enron Says a C$200 Million, 400 MW Power Plant for  Southwestern Ontario in Jeopardy Because of Provincial Government Delay on Deregulation
 * MGM Mirage in Las Vegas to Implement Energy Surcharge
 * Plug Power Names New CFO, Stock Rebounds
 * Illinois Passes $3.5 Billion Bond-Funded Program to Reinvigorate State's Coal Industry
 * Mirant Commits to Invest $3 Million in Cheng Power Systems
PG&E National Energy Group Earns
 * Final Approval to Build 1,080 MW Athens Generating Facility in New York
 * GWF Breaks Ground on 90 MW Peaking Power Plant in Hanford, California Expected to Be in Operation by September
 * PG&E Launches Campaign to Enhance Outage Preparedness
 * Tractebel to Launch Public Bid for All Ordinary Shares of GTI
 * Duke Energy to Redeem Seven Bond Issues
 * Western Spot Power Prices Rise with Weekend Risk Premium
 * Northeast Spot Power Prices Rise with Natural Gas and Weekend Risk
 * Southern Demand and Forwards Drive Midwest Spot Power Prices Up
____________________________________________________

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 - http://www.kwi.com

Americas: +1-281-681-3301 / Europe: +44 (0) 20-7386-2700 / Asia Pacific: +61(0) 2-9976-6111
________________________________________________

Today's Gas Bulletins
 * Conoco Set for Major Role in Historic Saudi Natural Gas Deal
 * Baker Hughes Says US Rotary Rig Count Searching for Oil and Natural Gas Up 8 to 1,270; Canada Up 28 to 291; Gulf of Mexico Dips 7 to 158 Last Week
 * ODS-Petrodata Says Worldwide Rig Utilization Fell by 2 to 89.6% to 583 Last Week; Gulf of Mexico Down 1% to 88.7% with 189 Rigs Under Contract
 * Mobile Gas Files Petition Alabama PUC for Rate Adjustment
El Paso Tennessee Pipeline Declared
 * Quarterly Dividend of $1.03125 per Share on 8 1/4% Cumulative Preferred Stock, Series A
 * AEP Completes Purchase of Houston Pipe Line Company and Bammel Storage Facility from Enron for $727 Million
 * Williams Begins Up to 86,000 MMBtu per Day of Natural Gas Transportation Service to New Aries Power Project Near Pleasant Hill, Missouri
-------------------------
To see over 100 linked oil and gas stories ,visit page 7 of http://www.enerfaxgold.com
__________________________________________________

North American Gas Storage Conference
Storage 2001 - 2002:
Source of Stability or Chaos?
June 22, Houston

Find the answers at Ziff Energy's natural gas storage conference.  A blockbuster roster of industry leaders from the utility, trading, pipeline and storage sectors in each of the North American storage regions will present timely, relevant information you can use. This conference will assist you in making critical decisions about your natural gas storage strategy for peaking and the remaining seasonal base fill. The game has changed - storage strategy has been kicked up a notch from buying for seasonal fill to real-time risk management.

Session 1 Supply Shortage or Storage Inefficiencies: Last Winter's Saga
El Paso Corporation - Byron Wright, VP
Energy Information Administration, DOE - Jim Thompson, Industry Analyst
Keyspan Energy - David Manning, Senior VP, Corporation Affairs
Axia Energy - David Modesett, VP

Session 2 The Changing Storage Paradigm:
Dynamic Storage Service vs Seasonal Fill
AEC Storage & Hub Services Inc. - Rick Daniel, President
Williams Energy Marketing & Trading - Blake Herndon, Director, Risk Management
NiSource Inc. - T.J. Aruffo, VP Energy Supply Services
Enron North America - Paul Bieniawski, Director
Duke Energy Gas Transmission - David Nightingale, VP MHP

Session 3 Pricing it Right and Reducing Risk:
Can We Expect Stability or Chaos in Winter 2001 - 2001?
Aquila Energy - Mark Cook, VP The Exchange Center Conoco Gas and Power Marketing - Brad King, VP Storage
Sempra Energy Trading - Dan Guertin, Meteorologist

For more information or to register visit
http://www.ziffenergyconferences.com, call 1-800-853-6252,
or email us at gasconference@ziffenergy.com
________________________________________________

Natural Gas Futures Up Slightly; Cash Slips

    Natural gas futures on the NYMEX ended higher Friday on pre-weekend short-covering, but closed off its highs after failing to break above resistance at $4.00 per MMBtu. In early trading, prices slid to the lows of the day, but short-covering by trade and commercial accounts lifted prices once it became clear they would fall no further. The July contract settled up $0.016 at $3.93 per MMBtu. August rose $0.019 to $4.009 per MMBtu. With only moderate warmer weather conditions forecast, the upward price momentum was lost. Rumors that the AGA was going to revise last weeks storage report lower, sparked some buying and prompting short covering. Last week the AGA reported an injection of 99 Bcf, and the rumors suggested that number could be dropped to the mid-80s. This rumor was later reported to have been false, sparking the return to selling. Look for generally mild to warm weather conditions across most of the nation this week. California will continue to be hot this week. !
Ma!
ny traders are expecting the market to test $3.50 this week. Resistance is seen at $4.05, then $4.25; with support at $3.80, followed by $3.67. Natural gas for next day delivery across the US and Canada was generally mixed to $0.10 lower last Friday. Natural for next day delivery at the Henry hub dipped $0.04 to $3.73 per MMBtu.
________________________________________________

VISIT http://www.enernetdaily.com/restruc.pdf
TO SEE YOUR FREE ISSUE OF RESTRUCTURING TODAY.

Enerfax is happy to provide you with a two week free trial subscription to Restructuring Today, the nation's leading daily newsletter on the converging energy and communications industries -- especially focusing on the opening up of competitive markets.

Restructuring Today reports the twists, plans, failures, strategies, shocks, absurdities, new sales and buying methods in what's becoming American's biggest industry.

Restructuring Today's editors will tell you what the CEOs making the big decision are thinking and planning.  And those editors cover more seminars than you can imagine going to (or paying for).  They're guided by a network of correspondents in state capitals.

Restructuring Today's editors are directed not to write what the news is but to report what the news means.  It may seem opinionated but Restructuring Today's analysis is frequently mentioned when we survey readers about what they find useful in the daily reports.

This free trial expires tomorrow.  As a paid subscriber you receive timely news the date of issue.  If you'd like to subscribe there is an order form on the back page of the newsletter.

To view todays publication visit http://www.enernetdaily.com/restruc.pdf
_________________________________________________

Natural Gas NYMEX Volume
01JLY   42,018
01AUG    6,361
01SEP    5,955
01OCT    6,625
01NOV    2,963
01DEC    5,306
02JAN    4,856
02FEB    1,967
02MAR    2,459
02APR    1,502
02MAY    1,629
02JUN      598
02JLY      623
02AUG      575
02SEP       41
02OCT      171
02NOV      118
02DEC       87
03JAN      113
03FEB        5
03MAR       80
03APR       67
03MAY       51
03JUN        1
_______________________________________________

ENERGY.
@ENERGY, 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
http://www.fea.com
_________________________________________________

California ISO Protests RTO Filing

    The California ISO has has agreed, under protest, to FERCs demand from that it file to create a RTO, while maintaining the requirement is illegal and inappropriate. The ISO faced a June 1st deadline to file a RTO plan or risk losing FERC-backed emergency price controls. The ISO claims that it is not legal or appropriate to condition price controls on anything. So far, there are 2 RTOs planned for the western US. RTO West is mostly based in the Pacific Northwest and Desert Star mainly consists of Southwest utilities. FERC would like to see just one RTO in the western region. The filing called for the ISO itself to become a third western RTO, a move that would appear to make little practical difference to the running of the agency. FERC Chairman Hebert has said it was necessary to require California to join at RTO, claiming no price relief plan could open clogged transmission systems and build new infrastructure. The FERCs price relief plan, which is only imposed during pe!
ri!
ods when the ISO has declared a power emergency, requires generators to offer available electricity in real time using a proxy price established a day ahead of actual delivery. The proxy price reflects the marginal cost of the highest-cost generator asked to supply power to the grid.
__________________________________________________

"New Horizons Solutions for the 21st Century"

An Energy Efficiency Workshop and Exposition
Kansas City, Missouri
June 3 - June 6, 2001

For more information go to http://www.energy2001.eee.doe.gov
_________________________________________________

Edison Rescue Plan May Fall Apart

    The rescue agreement between the state of California and Southern California Edison may fall apart because the PUC is not ready to implement parts of it by a June 8th deadline. Edison International says the agenda for a June 7th meeting lacks items that have to be implemented by the following day. Failure to implement those items would give either Californias DWR or SCE the right to back out of the agreement which calls for the state to buy Edison's share of the power grid for $2.76 billion. Collapse of that agreement may force SCE into bankruptcy. Shares of Edison closed up $0.17 Friday at $11.00, but have fallen 30% this year.
_________________________________________________

SUNGARD

Solutions for Success in Energy Trading

Epsilon and Panorama Energy
Risk and complexity are inevitable components of every trading transaction within today's volatile energy market.  Having the right tools to manage and control those risks has become a determining success factor.  SunGard provides those tools with Epsilon and Panorama Energy - comprehensive solutions designed to create measurable competitive advantages for energy trading organizations and utility companies worldwide.

To receive more information or a free demonstration, we invite you to contact us at 713-266-7771 or visit our web site at http://risk.sungard.com/energy.
________________________________________________

Democratic Senate and Bush Energy Plan on Collision Course

   The energy agenda of the new Democratic-controlled Senate is about to clash with the Bush administration on electricity price caps for California, drilling in Alaskan and  soaring gasoline prices. While President Bush favors more drilling and coal use as part of a national energy policy, many Democrats prefer increased conservation and stricter mileage standards for vehicles to save fuel. Drilling in the Arctic National Wildlife Refuge has already been declared dead by new Senate Majority Leader Daschle.. Democratic lawmakers are expected to push for higher gasoline mileage for sports utility vehicles as part of the solution. The National Academy of Sciences is due to issue a report in July on possible higher vehicle fuel standards. The administration has said it will wait for that report before deciding what to do with current fuel requirements. Currently, US autos must average 27.5 miles per gallon, but light trucks, vans and sport utility vehicles are required to avera!
ge !
20.7 miles per gallon. The US market uses about 20 million barrels per day. The biggest fight with the administration is expected to come over the issue of price caps on power sales in California. As the state prepares for rolling blackouts this summer, Senate Democrats plan to move forward with legislation requiring the Federal Energy Regulatory Commission to impose temporary price caps in western states. Senate Democratic lawmakers also plan a new probe of the energy industry's record profits.
________________________________________________


Marathon to Replace Enron

     Marathon will replace Enron in the recently formed consortium to develop a $5 billion natural gas project in Saudi Arabia. On May 18yh, Saudi Arabia awarded Enron, Occidental and ExxonMobil stakes in the Red Sea natural gas package, one of three projects on offer under the kingdom's $25 billion natural gas development opening. ExxonMobil will retain the lead role, with 60%, while both Marathon and Occidental will have 20% interests. Last month, Enron also bowed out of Dolphin Energy, which is majority owned by the government of the United Arab Emirates and beginning a $3.5 billion project to transport Qatari natural gas to the UAE.
________________________________________________

Supply Management Specialist

     Summit Energy Services, Inc., an energy management firm in Louisville, KY., seeks a Supply Management Specialist to manage the sourcing of energy supply in competitive gas and electricity markets, obtain best value rates in regulated markets, and manage suppliers. Bachelors degree, with a minimum of 3-5 years energy supply management experience, preferably with energy supply experience in both gas and electricity, or equivalent experience.  Energy industry experience should include contract/rate negotiations, a working knowledge of industry suppliers, transmission markets, pipeline/utility issues, and operations.  Management experience desired and MBA is a plus. Fax resume to  (502) 429-8333 or email tsavaiano@summitenergy.com
----------------------

Client Energy Manager
     Summit Energy Services, Inc., an energy management firm in Louisville, KY., is seeking a Client Energy Manager to manage the implementation of services for Summits clients and the ongoing delivery and reporting of these services to these clients.  Minimum requirements are a bachelors degree and 3-5 years experience in energy management, preferably with direct customer-interface either in sales or client relationship, or equivalent experience.    Energy commodity, risk management, MBA, and DSM experience a plus.Fax resume to (502) 429-8333 or email tsavaiano@summitenergy.com
________________________________________________
_______________________________________________

Mirant Leery California Power Plans

    Just days after California approved construction of a 530 MW power plant, Mirant says it does not know when it would begin to build the $275 million facility because of uncertainty about the state's energy market. Mirant is concerned about speculation among California officials that the state should impose a windfall profits tax on energy companies and seize power plants. Last week, the governor praised the plant, saying it was the 16th major generating facility licensed during his 2 years in office, bringing the overall number of new MW approved to 10,400. The plant would be built at Mirant's Contra Costa generating facility northeast of SF.
_______________________________________________

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; web site currently under construction at: http://www.progas.net/wip.

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.

Progas Storage Services, Inc
8610 S. Hwy 277
Abilene, TX 79606

Ph 915 698 3699
Fx 915 698 2859
_____________________________________________

California Rate Freeze to Continue

     A federal bankruptcy judge let stand a state freeze on power rates charged by PG&E, blocking it from passing billions of dollars in back debt on to its customers. The decision effectively leaves the rate freeze in effect possibly through next March. PG&E says it will continue to pursue all legal challenges to this unlawful decision.
______________________________________________

TRENTON/BLACKRIVER "BOOM" IN WEST VIRGINIA

Land and Mineral Development LLC., Vienna, West Virginia, owns 85,000 acres of mineral rights in Southeastern West Virginia. The first Trenton/Blackriver production found in the state, was in a well drilled in 1962 by Tidewater Oil Company adjoining our property. We need an industry
partner. Geophysicist report and other information available.  The 85000 acres would also make a great gas storage field.

We also have another small storage field for sale near the new Trenton Wells.

Email - Driller@wirefire.com
Qualified Industry Principals only please.
This is not an offer to sell anything to anyone.

Land and Mineral Development LLC.,
P.O. Box 5370
Vienna, West Virginia, 26105
(304) 295-3333
_______________________________________________

Commodity Futures Trading Commission

NYMEX Natural Gas Futures
Reportable Positions as of 5/29/01


Open Interest: 425,205                                    10,000 MMBtu


                                                        Non-Reportable Non-Commercial          |  Commercial |     Total      |   Positions
Long  |Short |Spreading | Long| Short |  Long |  Short |  Long | Short

 4,561 28,642   15,808  363,860 350,582 384,229 395,032  40,976 30,173

Changes from 5/22/01                   Change in Open Interest:-14,612

   162 3,060   -1,296  -14,174 14,536 -15,308 -18,892     696  4,280

Percent of Open Interest for Each Category of Trader

 1.1%    6.7%     3.7%   85.6%   82.5%   90.4%    92.9%   9.6%   7.1%
_______________________________________________

CAMINUS
ENERGY SOFTWARE
SHOWCASE 2001
HOUSTON, TEXAS

You're Invited
To a four hour exposition of software and services that will set the new standard for the energy trading, scheduling, and risk management. Join us and compare your existing system with our latest product offerings.

Thursday, June 14, 2001. 3p.m. to 7p.m.
Houston Petroleum Club
800 Bell Avenue, 43rd Floor

For more information or to register on-line, visit http://www.caminus.com. You may invite up to two qualified colleagues to join you.

Nucleus Software . ZaiNet Software
ZaiNet Gasmaster 2 . ZaiNet WeatherDelta
___________________________________________________

EnerfactsDaily Job Center at http://www.enerfactsdaily.com

45 New Job Postings Include:
 * RISK MANAGER  * REGULATORY MANAGER
 * FINANCIAL TRADER  * LEAD ENGINEER
 ___________________________________________________

Need a past issue of Enerfax Daily or Enerfax GOLD. Past issues are available on Sagewave at
http://www.sagewave.com/D2/autolog/common/log.asp?KEY=enerfax
______________________________________________________

FINANCIAL SUMMARY
The TSE 300 climbed 89.10 points to 8250.90
The CRB Index rose 1.71 points to 210.71
The US Dollar decreased 0.11 points to 119.04
The Dow gained 78.47 points to 10990.41
The S&P 500 rose 4.85 points to 1260.67
The Nasdaq was up 38.95 points to 2149.44
July NYMEX Crude Oil slipped 0.44 to 27.93
Canadian-US Exchange fell .0137 to 1.5320
------------------------------
Please welcome our advertisers by visiting these websites.
http://www.kwi.com
http://www.fea.com
http://www.caminus.com
http://www.progas.net/wip
http://risk.sungard.com/energy
http://www.energy2001.eee.doe.gov
http://www.ziffenergyconferences.com
http://www.enernetdaily.com/restruc.pdf

Enerfax Daily is North America's gas and power information source. it is sent to you free of charge. Enerfax Daily may be copied and redistributed in its entirety to all interested energy professionals. Please e-mail us at enerfax@enerfax.com, or for AOL e-mail to enerfax@enerfax.com with the e-mail addresses of other energy professionals that would like to be added to Enerfax Daily's growing distribution list of thousands of energy professionals in the US and Canada, or to be removed. The information contained herein was obtained from sources which Enerfax Daily believes to be reliable, but does not guarantee its accuracy. Your support of our advertisers is greatly appreciated and will keep Enerfax Daily free. Thank you. Your comments are welcome.

For information on advertising, please write advertise@enerfax.com, or for AOL write to advertise@enerfax.com



---------------------------
If you would like to contact Enerfax Energy, please do not reply to
this mail. Use the address below:
enerfax@enerfax.com

If you wish to cancel your subscription to the Enerfax Energy list,
you may click on the link below to be unsubscribed immediately.
http://www.modernmediaohio.com/cgi-bin/080256/enerfax1.pl?CHRIS.GERMANY@ENRON.COM



If you need more help, please contact Modern Media (http://www.modernmediaohio.com/subscriber-support.htm)