-----Original Message-----
From: Presto, Kevin M. 
Sent: Monday, August 06, 2001 6:25 PM
To: Arnold, John
Subject: FW: ENERGY: Nuclear Mystery Close To Being Solved


FYI.

-----Original Message-----
From: Miller, Don 
Sent: Monday, August 06, 2001 11:03 AM
To: Presto, Kevin M.; Robinson, Mitch; Duran, W. David
Subject: FW: ENERGY: Nuclear Mystery Close To Being Solved


FYI

-----Original Message-----
From: Jon Cartwright [mailto:JCartwright@FI.RJF.com]
Sent: Monday, August 06, 2001 9:52 AM
To: RJF Energy-Gram (E-mail)
Subject: ENERGY: Nuclear Mystery Close To Being Solved




>  <<IENER080601BSOW.PDF>> 
> 
> Raymond James Energy Stat of the Week, published 08/06/01.
> 
> Nuclear power production is about to reach a peak and then drop off
> dramatically through the course of 2002.  Record levels of nuclear power
> production have offset the need for gas-fired electric production to the
> tune of an estimated 1.5 to 2.5 bcf/d over the past six months and should
> peak at about 3.5 bcf/d late this fall.  However, nuclear power fleet
> utilization is expected to drop to under 91% heading into summer 2002,
> down from a historic high of nearly 97% this past summer. What does this
> mean to gas demand for the balance of 2002? Based on our work, we see the
> Y-O-Y return of between 1.0 to 1.5 bcf/day of natural gas demand when
> nuclear production hits the production cliff next spring.  While we have
> generally been cautious short term on gas prices the past few months, we
> have begun to identify or fill in some portion of the gas demand quotient
> for next summer. Unlike this summer, next year is shaping up to be a far
> more bullish year for gas, based on the need for gas-fired electric
> production to pick up the slack.
> 
> 
> The attached file is in the Adobe Acrobat *.PDF format. If you do not have
> the latest version of the Adobe Acrobat Reader, you can download it free
> from 
> http://www.adobe.com/prodindex/acrobat/readstep.html#reader.  If you
> should experience problems with this email, please contact Datra Roter, 
> droter@ecm.rjf.com.
> 
> If you have further questions, please contact any of the following members
> of the Raymond James Energy Team at 800-945-6275 (Houston). 
> 
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