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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]          Updated: June 1, 2001     [IMAGE]      [IMAGE]   [IMAGE]    [IMAGE] [IMAGE] [IMAGE]           Ancillary services growing in importance  It's amazing what one uncovers when layers of regulation are peeled away. Services that for years were taken for granted suddenly are given their due. [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]        Look for more wellhead-to-power plant deals Generators, traders realize they must control gas  Reserve-rich firms are targets    [IMAGE] [IMAGE]        [IMAGE]   [IMAGE]  [IMAGE] [IMAGE]             [IMAGE] [IMAGE]             [IMAGE] [IMAGE]     [IMAGE]       Transmission lines: a local issue Decision making difficult in Northeast  RTOs coming of age Incentives to build new links lacking [IMAGE] [IMAGE]        [IMAGE]  [IMAGE]   [IMAGE] [IMAGE]             [IMAGE] [IMAGE]             [IMAGE] [IMAGE]     [IMAGE]       High prices spur development of Alberta oil sands Senate shifts unlikely to influence short term  $34 billion new investment proposed   [IMAGE] [IMAGE]        [IMAGE]   [IMAGE]  [IMAGE] [IMAGE]             [IMAGE] [IMAGE]             [IMAGE] [IMAGE]   Bush administration having "quiet" talks with OPEC go to full story...  U.S. spot natural gas sinks on mild weather go to full story...  USDA will sell sugar to help Midwest ethanol producers go to full story...  Plurigas signs 10-year Snam gas deal go to full story...  Chubais and Gref win battle over Russian power reform go to full story...  U.S., Canada not on same wavelength about arctic gas pipeline go to full story...  Georgia Power introduces EnergyDirect.com go to full story...  Clark Public Utilities deploying Itron AMR technology go to full story...  Abraxas announces sale of non-core assets in Canada for C$15.2M go to full story...  Speculation increasing that SoCal Ed may seek bankruptcy go to full story...   To view all of today's Executive News headlines,  click here             [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE]         [IMAGE] [IMAGE]  ? Copyright ? 2001 - FT Energy, All Rights Reserved. "FT" and "Financial Times" are trademarks of The Financial Times Ltd.   Market Brief  Thursday, May 31  Stocks Close Change % Change DJIA 10,911.94 39.3  0.36% DJ 15 Util. 393.22 4.8  1.22% NASDAQ 2,110.50 26.00  1.25% S&P 500 1,255.82 7.7  0.62%     Market Vols Close Change % Change AMEX (000) 118,789 (18,071.0) -13.20% NASDAQ (000) 1,818,592 (172,192.0) -8.65% NYSE (000) 1,148,742 (5,857.0) -0.51%     Commodities Close Change % Change Crude Oil (Jul) 28.37 (0.18) -0.63% Heating Oil (Jun) 0.7795 0.003  0.45% Nat. Gas (Henry) 3.914 (0.067) -1.68% Palo Verde (Jul) 290.00 (35.00) -10.77% COB (Jul) 260.00 (40.00) -13.33% PJM (Jul) 83.00 (1.00) -1.19%     Dollar US $ Close Change % Change Australia $  1.976 0.026  1.33% Canada $   1.538 (0.008) -0.52% Germany Dmark  2.311 0.028  1.23% Euro   0.8464 (0.010) -1.17% Japan ?en  119.30 (1.100) -0.91% Mexico NP 9.17 (0.010) -0.11% UK Pound   0.7054 0.0047  0.67%     Foreign Indices Close Change % Change Arg MerVal 439.22 11.30  2.64% Austr All Ord. 3,317.20 (22.70) -0.68% Braz Bovespa 14649.98 160.62  1.11% Can TSE 300  8161.9 60.49  0.75% Germany DAX 6123.26 82.04  1.36% HK HangSeng 13174.41 (245.72) -1.83% Japan Nikkei 225  13262.14 (231.21) -1.71% Mexico IPC  6595.39 8.46  0.13% UK FTSE 100 5,796.10 (0.80) -0.01%      Source:  Yahoo! & TradingDay.com     	    [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE]  [IMAGE]      [IMAGE]  [IMAGE]  Advertise on Energy Insight   [IMAGE]     	  	


 - market briefs.xls