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
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be found at the bottom of each issue.

February 15, 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)

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

ENERGY INSIGHT:
(for Platts Premium Customers)
US gas production outlook grim
The head of independent producer EOG Resources on Feb 13 issued a gloomy outlook
for US gas production, questioning whether the industry "will be able to grow
our gas base" to meet increased demand. (http://www.einsight.com)

Advertisement:
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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,
and there is a range of packages for employers posting jobs.
(http://www.energyjobsnetwork.com/home.asp?code=platts)

Futures Round-up

NYMEX: Crude to open unchanged, Iraq still the focus
NYMEX March crude oil is called to open 2 cts lower at $21.21/bbl Friday. April
Brent is called to open 8 cts lower at $20.86/bbl. March heating oil is called
to open 43 pts lower at 55.19 cts/gal and March unleaded gasoline is called to
open 10 pts lower at 60.16 cts/gal.

IPE Brent Focus: IPE Brent marginally lower Friday, seeking consolidation
May futures traded at $20.80/bbl at the same time, off 18 cts on the day. Volume
for April was 4,216 lots. Earlier in the week April futures had soared higher to
peak at $21.53/bbl, from a low of $19.75/bbl the same day.


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

OIL:
Western US senators tout energy trading bill
Three Western US senators unveiled legislation Thursday designed to make energy
trading more transparent and announced their intent to offer the measure as an
amendment to the broad energy bill that the Senate plans to debate Friday.
(http://www.platts.com/archives.shtml#58984)

NATURAL GAS:
Liabilities for Enron gas, petchems, trading $1-bil: PwC
The combined liabilities of UK-based Enron Gas and Petrochemicals and Enron
Capital and Trading Resources are estimated at $1-bil, a source told Platts
Friday. (http://www.platts.com/archives.shtml#59020)

PETROCHEMICALS:
US global petchem export share looks set to drop: Chem Systems
The United States will lose a large share of its global petrochemical exports by
2005, becoming instead a net importer of certain products, said Andrew Swanson,
vice president of Nexant Inc. (http://www.platts.com/archives.shtml#58988)

Advertisement:
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products and services needed worldwide by companies involved in the generation
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change their product/service offerings.
(http://www.mediabrains.com/client/platts/bg1/search.asp)

ELECTRIC POWER:
Ofgem lifts price controls on all UK energy customers
UK energy regulator Ofgem has lifted all remaining price controls on UK domestic
gas and electricity suppliers, Ofgem said Friday.
(http://www.platts.com/archives.shtml#59007)

NUCLEAR:
2001 US nuclear output sets record
US nuclear units had another record generating year in 2001, putting out about
800-mil gross MWh and averaging 88.13% gross capacity factor, 10-mil MWh and one
percentage point higher than in 2000, according to Platts Nucleonics Week.
(http://www.platts.com/archives.shtml#59003)

COAL:
Senate panel OK?s energy tax bill
The Senate Finance Committee approved a $13.5-bil bill comprised of energy tax
incentives aimed at encouraging oil and gas production, alternative fuels,
conservation and clean coal technology.
(http://www.platts.com/archives.shtml#57286)

BANDWIDTH:
Carriers scramble to affirm legitimacy of accounting practices for IRU deals
In the arcane and secretive realm of telecommunications deal-making, it has
never been easy--and mostly impossible--to persuade carrier executives to offer
up details or terms of capacity transactions that they routinely publicize as
evidence of financial success. (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:

"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)


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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