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    Thursday, April 19, 2001 Issue 26   EDITORIAL  It's been a busy few weeks  It's been a busy two weeks in the energy sector, since our last newsletter.  The Intercontinental Exchange is rumored to have made an offer for the IPE, and NYMEX has started offering new products to compete with IPE's traditional markets.  The California energy crisis continues to rack up victims with another utility declaring bankruptcy.   Conoco's refinery explosion has caused a spike in prices, and Enron and Dynergy have both reported record earnings.   As you can imagine with everything going on, we had a hard time focusing on just one issue for this edition of the Briefing.  Instead, we decided to give you a bit of everything-some e-business news with a look at what NexClear's up to; a look at online trading; and an overview of privatization efforts in Latin America.  So take a look and let us know what you think-is Latin America the next big growth spot on the energy market?  Is online energy trading going to be the thing that takes the energy sector from laggard to front-runner in e-commerce adoption?  How viable are green energies-are they the future or just a blip?  Let us know.   One final note.  Our American readers will no doubt be aware of next week's Earth Day (our non-American readers might be struck by the irony of Americans celebrating Earth Day considering some of President Bush's recent stances).  The entire Eyeforenergy team would like to wish everyone out there a happy, and environmentally friendly Earth Day (and of course take a moment to plug our upcoming Green Energy Conference in November-keep your eye out for information; and let you know about our new site we'll be launching in about 2 weeks:  www.eyeforfuelcells.com that will focus on the commercial applications of fuel cells)    --Allison Robertshaw, Editor    CASE STUDY   The Race is On   Basing its business model of its experience in wholesale energy commodity trading in the United States and OTC commodity clearing in Europe, NexClear, Inc., Boulder, Colo., is one of three known companies gunning to be the first to offer complete OTC clearing services in the United States  "Currently, no one offers OTC clearing product there," says Roger Kristiansen, director of NexClear's European operations.  "A few firms, such as the London Clearinghouse, have introduced limited OTC clearing capabilities, such as interest swaps, but no firm has yet to offer anything close to a... Click here for Full Story      FOCUS   The Battle for Online Energy Markets   The lines are being drawn in the continuing battle over the future of futures as Atlanta-based Intercontinental Exchange (ICE) made a bid for London's International Petroleum Exchange (IPE). The offer valued at US $65 million (45 million pound) has apparently won the approval of Man Financial, the brokerage division of Man Group Plc., which holds 10 percent of the IPE. Oil giant BP is reportedly also in favor of the offer.  The offer, as presented to IPEs board, is said to comprise a combination of ICE stock, shares in the merged entity and a new second class of share. IPE's market capitalization was last valued at ?29.9m ($43m), after shares were suspended on Monday. ICE is estimated to be worth about $1.3bn.... Click here for Full Story      INSIGHT   Insight: Privatization of Latin America   The privatization of a state-owned industry is a development of historic dimension. For many Latin America nations, their formerly state owned energy companies represent their largest investment. For much of the world former global giants such as British Petroleum, British Gas, Petro Canada, Elf Aquatine (France), ENI (Italy), TOTAL (France) and Reposal (SPAIN), have recently undergone the transition from state ownership to at least partial private ownership.  Eye on the prize   With an eye on the prize that could spell billions in new investments, privatization efforts are underway everywhere from the former Soviet Union to Latin America. For Latin America, in particular, the move toward privatization in the electrical power, distribution... Click here for Full Story      ADVERTISEMENT  [IMAGE] Landmark Graphics and Petroleum Place -- Accelerating Business Efficiency   Landmark Graphics and Petroleum Place Delivers Enormous Efficiencies within Acquisition and Divestiture. How? Through online delivery of data and evaluation tools within an APS environment to afford dramatic efficiencies for both sellers and buyers.  Visit www.petroleumplace.com  [IMAGE] [IMAGE]  [IMAGE]  NEWS ROUND UP - WEEK IN REVIEW   Energy and Telecommunication Companies on Convergence Course   New York, April 17, 2001---According to a report by KPMG LLP, a majority of energy and telecommunications have become involved in the convergence of the two industries.  "This demonstrates how prevalent the coming together of the industries has become as energy and telecommunications companies compete heavily for right-of-way ownership of transmission lines and cope with strong regulatory requirements -- major issues driving the movement toward convergence," said... Click here for Full Story     Enron, Dynegy Earnings Greater than Expected in First Quarter   April 18, 2001---As wholesale energy trading activity picked up during the first quarter both Enron and Dynegy posted earnings higher than expected.  Enron boasted of earnings up 18% from a year ago. First quarter results were $0.47 up from $0.40 a year ago on revenues of $50.1 billion. Enron's first quarter results easily beat Wall Street expectations. According to Thomson Financial/First Call, the analysts' earnings consensus estimate... Click here for Full Story     Atmos Energy Offloads Applications to Docucorp   Dallas, April 17, 2001---Atmos Energy Corp., has selected Docucorp International to render application service provider (ASP) hosting for their five utility companies, which produce approximately 2 million bills per month.  "After a lengthy review, we chose Docucorp's ASP centers to provide bill format, print and mail services, and electronic archival for our operating companies," said Thomas J. Pearson, Atmos Energy's vice president of customer information and technology. "Docucorp's Dallas ASP Center... Click here for Full Story     Powerline High Speed Internet Access Comes to Brazil   April 13, 2001--- Brazil's Companhia Paranaense de Energia (Copel) has inked a deal worth a reportedly US $1 million to bring a new high-speed solution for domestic Internet connection to the country.  The solution, Powerline Communications (PLC), based on electric power distribution lines, will be used on common ways of interconnection as telephone lines and cable TV?s networks which will expand the traffic until 2 megabits per second, what would be more than 30 times the useful speed of good... Click here for Full Story    DynegyDirect Expands, Adds Hourly Power Products   April 16, 2001---DynegyDirect, the online B2B portal and trading arm of Dynegy, Inc., is making hourly power products, to its list of over 700 products. Since going live last November, DynegyDirect has recorded more than $14 billion in notational transactions and now boasts more than 400 registered users.  Hourly power markets for on-peak hours will initially be available at major interconnects in the Midwest. As Dynegy's generation portfolio expands throughout the country, additional North American hourly products and locations will be added to Dynegydirect.   Similar in operation to market... Click here for Full Story    Smart Port Secures Web Based Transactions and Manageability   Houston, April 17, 2001---In a break with the past, where Web transactions were "secured" by easily cracked passwords, Schlumberger has released their Smart Port solution. Schlumberger Network Solutions, Smart Port provides authentication, privacy and authorization for online transactions, permitting businesses to safely conduct virtual transactions while leveraging substantial investments in Internet software and hardware.  In addition to security features, Smart Port provides authorization and user management features. It also provides users with flexibility in how they utilize Web resources. Smart Port is currently offered as a fully managed solution, with back-end hardware securely locked in a room accessible only... Click here for Full Story    German EEX Power Exchange Introduces New Members     Two new trading participants have been added to the electricity futures exchange. Frankfurt based European Energy Exchange (EEF), launched in March, has added Municipal utility Stadtwerke Duesseldorf and Mannheim-based MVV Energie (MVVG.DE> join the Hannover municipal supplier on the derivatives... Click here for Full Story    Swedish Power Companies Power 3G Mobil Telephony     Sweden's state owned broadcasting transmitter service's provider, Teracom, has formed a consortium with four other power companies to offer infrastructure for third generation mobile telephony.  Teracom said in a statement the group would provide transmission capacity to the 10,000 base stations... Click here for Full Story     Latest News Now!      [IMAGE]     EDITORIAL [IMAGE] It's been a busy few weeks    ARTICLES [IMAGE] The Race is On [IMAGE] The Battle for Online Energy Markets [IMAGE] Insight: Privatization of Latin America    NEWS ROUND UP [IMAGE] Energy and Telecommunication Companies on Convergence Course  [IMAGE] Enron, Dynegy Earnings Greater than Expected in First Quarter  [IMAGE] Atmos Energy Offloads Applications to Docucorp  [IMAGE] Powerline High Speed Internet Access Comes to Brazil  [IMAGE] DynegyDirect Expands, Adds Hourly Power Products  [IMAGE] Smart Port Secures Web Based Transactions and Manageability  [IMAGE] German EEX Power Exchange Introduces New Members  [IMAGE] Swedish Power Companies Power 3G Mobil Telephony     EVENTS [IMAGE]  Eyeforenergy Latin America  [IMAGE]  Energy Exchange Online  [IMAGE]  Eyeforenergy Asia     SUBSCRIBE   Please enter your email address below to subscribe to the EyeForEnergy newsletter. Thank you        UNSUBSCRIBE  To unsubscribe from the EyeForEnergy newsletter please enter your email below. Thank you       If you have any comments about this newsletter or you would like to suggest future topics or industry related news, please email  moconnell@eyeforenergy.com     [IMAGE]