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.

February 21, 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)

India's Oil and Gas Deregulation: Indian Prime Minister Atal Behari Vajpayee
late Feb 14 gave his final approval to freeing up domestic prices of gasoline,
gasoil, kerosene and LPG starting Apr 1, marking the final step in the country's
phased deregulation of the oil and gas sector.
(http://www.platts.com/features/india/index.shtml)


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Futures Round-up

NYMEX: Crude to open higher on stock draws
Following the close of Access trade Thursday, the Department of Energy reported
a draw in crude stocks of 3.1-mil bbl, substantially lower than the 4.5-mil bbl
draw reported by the American Petroleum Insititute Wednesday. April crude oil is
called to open 33 cts higher at $20.76/bbl.

IPE Brent Focus: IPE Brent firms in light volume dealing following APIs
Front-month April Brent traded at $20.18/bbl at 1101 GMT, up from Wednesday's
settlement at $19.86/bbl. April began Thursday's session at $20.30/bbl and
peaked at $20.32/bbl before slipping to a low of $20.11/bbl.


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

OIL:
US Interior chief cites support for ANWR drilling
Interior Secretary Gale Norton Wednesday declined to say whether the Bush
Administration would support energy legislation that does not include drilling
in Alaska's Arctic National Wildlife Refuge.
(http://www.platts.com/archives.shtml#59195)

NATURAL GAS:
El Paso plans leading role in European LNG business
US-based El Paso Corp plans to take a leading role in liquified natural gas
projects in the deregulating European natural gas markets, Ralph Eades,
president of El Paso Merchant Energy Group, said Wednesday.
(http://www.platts.com/archives.shtml#59228)

PETROCHEMICALS:
Gas line might expand for Brazil/Bolivia petchem project
Brazilian and Bolivian energy officials meeting in Rio de Janeiro Wednesday
reported the resumption of stalled talks for the construction of a an ethylene,
polyethylene and polypropylene project near the Brazil/Bolivia border that will
be supplied with Bolivian natural gas.
(http://www.platts.com/archives.shtml#59205)

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change their product/service offerings.

ELECTRIC POWER:
Enron to sell wind assets to GE; proceeds to repay debt
Enron Corp late Wednesday said it had reached an agreement to sell the wind
turbine manufacturing assets of Enron Wind Corp, its wind power subsidiary, to
the Power Systems business of General Electric Co.
(http://www.platts.com/archives.shtml#59211)

NUCLEAR:
DOE could submit incomplete Yucca Mt. application to meet schedule
DOE could submit an incomplete repository license application to NRC in order to
meet the timeline outlined in the Nuclear Waste Policy Act (NWPA) for that
action. (http://www.platts.com/archives.shtml#59199)

COAL:
LG&E/KU bids due Feb 25
Louisville Gas & Electric is taking bids to supply an unspecified volume of coal
to its Cane Run and Mill Creek stations or to the Brown and Tyrone stations of
Kentucky Utilities. (http://www.platts.com/archives.shtml#59203)


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)


PLATTS' MAGAZINES:

Global Energy Business - Top 250 Energy Companies
The first annual survey by Global Energy Business 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 billion. Data were supplied by Standard & Poor's, 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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