The Energy Insight Staff is off for the holidays. We'll be back in the office with new analysis December 26. Happy Holidays!
 
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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] [IMAGE]          Updated: Dec. 26, 2001     [IMAGE]      [IMAGE]   [IMAGE]    [IMAGE] [IMAGE] [IMAGE]           Fitting the bill  Utility asset management used to be just about pipes and wires. In the wake of competition many utilities have reinvented themselves as retail operations whose main assets are customers. [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]       Fight over hydro project could become war Outcome could set precedent for other relicensing   Environmental issues may be deciding factor   [IMAGE] [IMAGE]        [IMAGE]   [IMAGE]  [IMAGE] [IMAGE]             [IMAGE] [IMAGE]             [IMAGE] [IMAGE]     [IMAGE]       Enron auditor, SEC official admit failures Enron withheld vital information  Analysts were slow to drop coverage   [IMAGE] [IMAGE]        [IMAGE]  [IMAGE]   [IMAGE] [IMAGE]             [IMAGE] [IMAGE]             [IMAGE] [IMAGE]     [IMAGE]       A sci-fi twist in clean coal research Bioprocessing cleans impurities  Scientists create coal-adapted microbes   [IMAGE] [IMAGE]        [IMAGE]   [IMAGE]  [IMAGE] [IMAGE]             [IMAGE] [IMAGE]             [IMAGE] [IMAGE]   NRC expected to okay increases in output from Exelon units full story...  TXU wins okay to sell distribution, generation in UK full story...  EEI urges FERC to scale back proposed affiliate rule full story...  Creditors seek bankruptcy for NYC plant developer full story...  Mirant says power portfolio should be 30,000 MW by 2005 full story...  AGA survey says gas installed in most new housing full story...  El Paso says reaches deal to sell $750M of its stock full story...  AEP seals $960M deal, buys 4,000 MW from Edison unit full story...  Lukoil-Odessa begins sale of jet fuel in Ukraine full story...  New Mexico refiner to pay $510,000 fine, invest $20M full story...  To view all of today's Executive News headlines,  click here             [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE]         [IMAGE] [IMAGE]  Copyright ? 2001 - Platts, All Rights Reserved   [IMAGE]   Market Brief  Friday, December 21  Stocks Close Change % Change DJIA 10,035.34 50.2  0.50% DJ 15 Util. 284.69 (1.3) -0.47% NASDAQ 1,945.83 27.31  1.42% S&P 500 1,144.89 5.0  0.44%     Market Vols Close Change % Change AMEX (000) 122,558 (36,092.0) -22.75% NASDAQ (000) 2,349,650 330,765.0  16.38% NYSE (000) 1,707,915 272,099.0  18.95%     Commodities Close Change % Change Crude Oil (Feb) 19.62 0.32  1.66% Heating Oil (Jan) 0.5484 0.002  0.44% Nat. Gas (Henry) 2.895 0.185  6.83% Propane (Jan) 32.00 0.50  1.59% Palo Verde (Jan) 28.00 0.00  0.00% COB (Jan) 28.00 0.00  0.00% PJM (Jan) 31.15 0.00  0.00%     Dollar US $ Close Change % Change Australia $  1.968 (0.008) -0.40% Canada $   1.59 0.007  0.44% Germany Dmark  2.20 0.025  1.15% Euro   0.8880 (0.010) -1.12% Japan ?en  129.6 0.900  0.70% Mexico NP 9.12 (0.040) -0.44% UK Pound   0.6959 0.0044  0.64%     Foreign Indices Close Change % Change Arg MerVal 320.46 0.00  0.00% Austr All Ord. 3,314.10 27.90  0.85% Braz Bovespa 13368.53 450.39  3.49% Can TSE 300  7528.30 73.30  0.98% Germany DAX 5019.01 84.87  1.72% HK HangSeng 11158.1 (443.04) -3.82% Japan Nikkei 225  10335.45 (99.07) -0.95% Mexico IPC  6380.60 117.31  1.87% UK FTSE 100 5,159.20 79.00  1.56%       Source:  Yahoo!, TradingDay.com and NYMEX.com   	    [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE]  [IMAGE]  [IMAGE]  [IMAGE]  [IMAGE]        [IMAGE] [IMAGE]  [IMAGE]  [IMAGE]     	  	


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