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   [IMAGE] [IMAGE]  [IMAGE]  [IMAGE]  [IMAGE] [IMAGE]  [IMAGE]  [IMAGE]  [IMAGE]       [IMAGE]   [IMAGE]   [IMAGE]   [IMAGE]   [IMAGE]     	 [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE]          Updated: Dec. 19, 2001     [IMAGE]      [IMAGE]   [IMAGE]    [IMAGE] [IMAGE] [IMAGE]           Fight over hydro project could become war  Starting in the mid-20th century, the federal government embarked on an ambitious development of the Columbia River watershed. Today, the Columbia River hydroelectric system is one of the most complex in the world, supplying nearly half... [IMAGE] [IMAGE]         [IMAGE]     [IMAGE] [IMAGE]       [IMAGE]      [IMAGE] [IMAGE]   [IMAGE]           [IMAGE]   [IMAGE]            [IMAGE]   [IMAGE]            [IMAGE]   [IMAGE]            [IMAGE]   [IMAGE]            [IMAGE]   [IMAGE]            [IMAGE]   [IMAGE] >           [IMAGE]   [IMAGE]            [IMAGE]             [IMAGE] [IMAGE]   [IMAGE]            [IMAGE]   [IMAGE]           [IMAGE] [IMAGE]             [IMAGE] [IMAGE]   [IMAGE]          [IMAGE] [IMAGE]     [IMAGE]       Hydro relicensing case pits dam owner against power purchaser  Who has the right to power stored in public water?    [IMAGE] [IMAGE]        [IMAGE]   [IMAGE]   [IMAGE] [IMAGE]             [IMAGE] [IMAGE]             [IMAGE] [IMAGE]     [IMAGE]       Enron auditor, SEC official admit failures Enron withheld vital information  Analysts were slow to drop coverage   [IMAGE] [IMAGE]        [IMAGE]  [IMAGE]    [IMAGE] [IMAGE]             [IMAGE] [IMAGE]             [IMAGE] [IMAGE]     [IMAGE]       Power crisis delays decision on Snake River dams Army recommends against breaching  Dam adaptation deemed adequate to protect salmon   [IMAGE] [IMAGE]        [IMAGE]   [IMAGE]   [IMAGE] [IMAGE]             [IMAGE] [IMAGE]             [IMAGE] [IMAGE]   NMA trims staff, budget full story...   Fuel cell to power equipment at Verizon facility in demonstration project full story...   Cogentrix, Nature Conservancy settle Ohio plant dispute full story...   Xcel asks to cut New Mexico rates by at least 25% full story...   Burlington says it faces about $200 million in Q4 charges full story...   Enron meltdown could put brakes on new projects full story...   Enron's Lay agrees to testify in February full story...   Department of Justice investigating PJM full story...   Reliant renames itself CenterPoint Energy full story...   Ontario sets May 1 as date for deregulation full story...   To view all of today's Executive News headlines,  click here               [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE]         [IMAGE] [IMAGE]  Copyright ? 2001 - Platts, All Rights Reserved   [IMAGE]   Market Brief  Tuesday, December 18  Stocks Close Change % Change DJIA 9,998.39 106.4  1.08% DJ 15 Util. 279.70 4.4  1.62% NASDAQ 2,004.76 17.31  0.87% S&P 500 1,142.92 8.6  0.75%     Market Vols Close Change % Change AMEX (000) 112,733 (12,128.0) -9.71% NASDAQ (000) 1,845,661 18,207.0  1.00% NYSE (000) 1,329,386 92,797.0  7.50%     Commodities Close Change % Change Crude Oil (Jan) 19.36 0.21  1.10% Heating Oil (Jan) 0.547 0.011  2.05% Nat. Gas (Henry) 2.67 (0.020) -0.74% Propane (Jan) 31.90 0.15  0.47% Palo Verde (Jan) 28.00 0.00  0.00% COB (Jan) 28.25 0.00  0.00% PJM (Jan) 31.00 0.40  1.31%     Dollar US $ Close Change % Change Australia $  1.940 0.009  0.47% Canada $   1.57 0.009  0.58% Germany Dmark  2.17 0.001  0.05% Euro   0.9028 (0.001) -0.08% Japan ?en  127.8 0.200  0.16% Mexico NP 9.09 (0.010) -0.11% UK Pound   0.6863 0.0012  0.18%     Foreign Indices Close Change % Change Arg MerVal 253.44 (3.13) -1.22% Austr All Ord. 3,264.40 28.40  0.88% Braz Bovespa 13397.36 485.30  3.76% Can TSE 300  7586.50 71.10  0.95% Germany DAX 5039.64 (28.35) -0.56% HK HangSeng 11486.93 21.15  0.18% Japan Nikkei 225  10432.17 108.82  1.05% Mexico IPC  6268.97 (2.52) -0.04% UK FTSE 100 5,151.10 14.80  0.29%       Source:  Yahoo!, TradingDay.com and NYMEX.com   	     [IMAGE]  [IMAGE]  [IMAGE]  [IMAGE]  [IMAGE]   [IMAGE]   [IMAGE]  [IMAGE]   [IMAGE]          [IMAGE]  [IMAGE]   [IMAGE]   [IMAGE]     	  	


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