Platts Energy Bulletin

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Jan 24, 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)

Platts Enron Archive: An archive of Enron related stories from September 2000 to
December 2001, ordered by company name.
(http://www.platts.com/features/enron/archive.shtml)

Power M+A Review 2001: A review of the main mergers and acquisitions in the
global power industry in 2001.
(http://www.platts.com/features/2001mergers/power.shtml)

Futures Round-up
NYMEX: NYMEX crude called to open 30cts lower at $19.20/bbl
NYMEX March crude is called to open 30cts lower at $19.20/bbl after the release
of the DOE and API's weekly report earlier Thursday. The DOE showed a crude
build of 2.7-mil bbl, higher than the API's 845,000 bbl build. Crude imports,
the surprise of the API report, were 9.2-mil b/d, slightly lower than the API's
9.6-mil b/d figure.

IPE Brent Focus: IPE Brent crude suffers light losses early Thursday
Front-month March Brent stood at $19.10/bbl at 1052 GMT, having shed 9 cts from
Wednesday's settlement. March futures have traded in a narrow 19 cts range so
far Thursday, having opened at $19.19/bbl, the high of the day. March IPE gasoil
futures rose by 25 cts to trade at $162.50/mt at the same time.

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

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Energy Jobs Network, the Jobs Board gives you access to a pool of job seekers
and open positions across the energy industry. It's free for all job seekers,
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(http://www.energyjobsnetwork.com/home.asp?code=platts)


OIL:
US Senate Republicans press for mid-Feb energy bill vote
US Senate Republican Leader Trent Lott Jan 23 said he expected the Senate to
begin debate on a broad energy bill in early February, and hopefully vote on the
plan before Congress recesses Feb 18.
(http://www.platts.com/archives.shtml#58074)

NATURAL GAS:
Woodside confirms interest in Germany's Veba Oil and Gas
Australia's Woodside Petroleum is interested in buying the upstream oil and gas
assets of Germany's Veba Oil and Gas, Woodside said Thursday.
(http://www.platts.com/archives.shtml#58106)

PETROCHEMICALS:
UK government launches chemicals taskforce to boost competitivenes
The UK's ruling Labour Party has launched a new government-led taskforce for the
chemicals industry to improve competitiveness and sustainability within the
sector. (http://www.platts.com/archives.shtml#58105)

ADVERTISEMENT:
Platts Buyers' Guide: One online place for the electric power industry to
search, compare and find the products and services you need. Click to add your
listing. (http://www.mediabrains.com/client/platts/bg1/search.asp)


ELECTRIC POWER:
Dynegy still interested in mergers, acquisitions: CEO
Dynegy's failed merger with Enron will not affect its appetite for exploring
other mergers or acquisitions that are to the company's competitive advantage,
CEO Chuck Watson said Jan 23. (http://www.platts.com/archives.shtml#58098)

NUCLEAR:
DOE to focus on MOX fuel for plutonium disposition
The US Department of Energy (DOE) said it would pursue mixed-oxide (MOX) fuel
disposition for ex-weapons plutonium and give up immobilization.
(http://www.platts.com/archives.shtml#58072)

COAL:
Southern solicits for PRB coal at Scherer
Southern Co Services is taking bids to supply up to 3-mil mt/yr of Powder River
Basin coal to Georgia Power?s Scherer station for up to three years.
(http://www.platts.com/archives.shtml#58075)

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