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.

March 1, 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)

Coal Specifications 2002: Read about Platts unified coal pricing methodology for
2002. (http://www.platts.com/coal/guidetospec/index.shtml)

Quote of the Day: A selection of industry/OPEC viewpoints.
(http://www.platts.com/quote.shtml)

ENERGY INSIGHT:
(for Platts Premium Customers)
Residential time-of-use pricing gains ground
Among the many consequences of last year's price spikes in California is a
growing conceptual support for real-time residential pricing. Proponents of the
idea argue that exposing customers to wholesale price signals provides a
potentially powerful load-management tool. (http://www.einsight.com)

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Futures Round-up

NYMEX: Crude to open above key resistance
NYMEX April crude oil is called to open 28 cts higher at$22.02/bbl Friday. April
Brent is called to open 34 cts higher at $21.69/bbl. April heating oil is called
to open 65 pts higher at 57.80 cts/gal and April unleaded gasoline is called to
open 89 pts higher at 68.67 cts/gal.

IPE Brent Focus: IPE Brent crude firms on technical buying
The benchmark April futures contract stood at $21.55/bbl at 1038 GMT, 22 cts
above Thursday's settlement, while May traded at $21.45/bbl, 15 cts stronger.
"Brent settled above $21/bbl yesterday. The market traded above $21/bbl the
previous day (Wednesday), but fell below for the close.


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

OIL:
UK's Apple Oil and Gas makes all-paper bid for Aminex
UK-listed explorer Apple Oil and Gas Friday announced an unsolicited, all-paper
bid to take over UK-based Aminex and sell all of its assets.
(http://www.platts.com/archives.shtml#59560)

NATURAL GAS:
FERC's Wood offers details of Enron contacts
As requested by US House leaders, Federal Energy Regulatory Commission Chairman
Pat Wood III on Thursday provided details of his meetings and other contacts
with Enron officials dating back to his days at the helm of the Texas Public
Utility Commission. (http://www.platts.com/archives.shtml#59538)

PETROCHEMICALS:
India's NOCIL shuts Mumbai corporate office due to riots
India's National Organic Chem Industries has closed its corporate base at Mumbai
due to rioting between the country's Hindu and Muslim population, a company
source said Friday. (http://www.platts.com/archives.shtml#59554)

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ELECTRIC POWER:
Senior EPA official resigns over power-plant policy
Eric Schaeffer, director of the US Environmental Protection Agency's Office of
Regulatory Enforcement, Thursday resigned from the agency, expressing
"frustration" over EPA's enforcement actions against "power companies that have
violated the Clean Air Act." (http://www.platts.com/archives.shtml#59531)

NUCLEAR:
Nuclear phase-out is possible in Belgium
The Belgium government is nearing a decision on nuclear phase-out, and is likely
to reach a decision on Mar 1, sources close to the deal told Platts.
(http://www.platts.com/archives.shtml#59535)

COAL:
Georgia takes bids for coal
The state of Georgia is taking bids to supply 18,000 tons of stoker coal, with
an option for an additional 3,000 tons, to the University of Georgia in
2002-2003. (http://www.platts.com/archives.shtml#59532)

BANDWIDTH:
Asia Global Crossing warns of large losses; says business plan is no longer
fully funded
For the second time in weeks, Asia Global Crossing Ltd delayed release of its
final fourth quarter and year 2001 results, warning that it expects to take
large losses and that its auditors will likely "express substantial doubt about
the company's ability to continue as a going concern."
(http://www.platts.com/bandwidth/index.shtml)

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)


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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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