vkamins@enron.com, To unsubscribe send a blank mailto:leave-enerfaxtext-16362929Y@relay.netatlantic.com


Enerfax Daily
NORTH AMERICA'S FREE POWER AND GAS INFORMATION SOURCE
              Friday, January 25 2002 No. 920
Visit: http://www.enerfax.com to view our web version or for Oil Prices &
News http://www.enerfaxgold.com

PHYSICAL NATURAL GAS PRICES
Gulf/Eastern Region
| Agua Dulce              | 2.02  |
| ANR SE                  | 2.06  |
| Carthage TG             | 2.07  |
| Chicago Citygate        | 2.13  |
| Columbia Gulf Onshore   | 2.10  |
| Dominion South Point    | 2.21  |
| Henry Hub               | 2.12  |
| Houston Ship Channel    | 2.16  |
| Katy Hub                | 2.10  |
| NGPL LA Pool            | 2.06  |
| NGPL - Midcontinent     | 2.02  |
| NGPL STX                | 2.05  |
| NGPL TX/OK              | 2.05  |
| NNG Demarc.             | 2.07  |
| Niagara                 | 2.26  |
| Sonat Tier 1            | 2.09  |
| TCO IPP Pool            | 2.21  |
| Tetco ELa               | 2.09  |
| Tetco M-3               | 2.38  |
| Tetco STX               | 2.02  |
| TGP Zone 0              | 2.02  |
| TGP Zone 1 (500 Leg)    | 2.05  |
| TGT Zone SL             | 2.10  |
| New York Citygate       | 2.41  |
| Transco Station 65      | 2.15  |
| Transco Zone 6 (NY)     | 2.42  |
| Trunk ELa               | 2.08  |
| Western Region
| California Border       | 2.14  |
| El Paso Keystone        | 2.02  |
| El Paso San Juan-Blanco | 2.01  |
| Waha Hub                | 2.05  |
| Canadian/Rockies Region
| Nova/Aeco (C$/gig)      | 2.89  |
| Dawn Hub/Union          | 2.22  |
| Northwest Stanfield     | 2.04  |
| Wyoming Pool            | 1.92  |
| Opal                    | 1.93  |
| PGT-Malin               | 2.11  |
| Sumas                   | 2.04  |
          Flow Date 1/25
-------------------------------------------------------------

NATURAL GAS FUTURES
Henry Hub
12 Month Strip  2.4563 -0.0036
18 Month Strip  2.6063 -0.0014
| Month | High  |  Low  | Close | Change |
| FEB   | 2.150 | 2.025 | 2.048 | -0.028 |
| MAR   | 2.170 | 2.070 | 2.090 | +0.001 |
| APR   | 2.240 | 2.150 | 2.166 | +0.004 |
| MAY   | 2.330 | 2.259 | 2.259 | -0.001 |
| JUN   | 2.390 | 2.332 | 2.332 | +0.000 |
| JUL   | 2.470 | 2.408 | 2.408 | -0.002 |
| AUG   | 2.520 | 2.461 | 2.461 | -0.002 |
| SEP   | 2.535 | 2.473 | 2.463 | -0.012 |
| OCT   | 2.570 | 2.500 | 2.505 | -0.002 |
| NOV   | 2.810 | 2.740 | 2.742 | +0.000 |
| DEC   | 3.010 | 2.950 | 2.954 | +0.000 |
| JAN   | 3.110 | 3.035 | 3.048 | -0.001 |
-------------------------------------------------------------
-

RISK MANAGEMENT
Across the Energy Enterprise

e-Acumen, Inc., is uniquely positioned to help you manage risk and
increase value. That's because our analytics, data and applications cover
all strategic aspects of the energy enterprise, from short-term
forecasting to comprehensive risk analysis and portfolio optimization, to
asset valuation and weather risk management. Dedicated to the needs
of energy and trading companies in a dynamic and competitive world, our
approach combines best-in-class physical fundamentals with
industry-leading statistical methodologies.

e-Acumen is a venture-backed company founded in January, 1997. Since then
we have listened attentively to the market and assembled a stellar cast of
seasoned energy industry professionals and Silicon Valley technologists.
Join us as we help the industry continue its path toward liquidity and
profitable, risk-managed growth in the exciting years ahead!

Click here to find out more about current special offers, or go to
http://www.e-acumen.com

-------------------------------------------------------------
Natural Gas Futures Dip Slightly Lower

    Natural gas for February delivery on the NYMEX ended down $0.024
yesterday to $2.048 per MMBtu. The March contract gained $0.001 to $2.09
per MMBtu. The market began the day higher on early short-covering, but
fell off sharply in the afternoon after an extended forecast called for
mild weather across much of the nation. Last week the AGA reported 124 Bcf
of natural gas was withdrawn from storage, leaving about a Tcf more still
in the ground than a year ago. Look for the market to take-out the $2.00
support level soon. Natural gas for next day delivery across the US and
Canada was generally flat to $0.05 higher yesterday. Natural gas for next
day delivery at the Henry hub gained $0.01 to $2.12 per MMBtu. Look for
cash prices to weaken ahead of the weekend, likely leading futures prices
lower as well. With some cold in the Northeast and Midwest, but mild
temperatures forecast for the next two weeks, traders expect to see spot
prices at a discount to futures by the weekend. Turn-back volumes could
also weaken prices. By the end of January storage operators face
requirements to withdraw gas out of storage, the extra volumes hitting the
market could push prices further down.
-------------------------------------------------------------
 Exploit the enterprise-wide transaction management power deployed by the
big names in gas.
NUCLEUS Software
ZAINET Gasmaster
The most comprehensive, totally-integrated natural gas information system
available today.
Ask about out limited-time offer competitive upgrade program.
CAMINUS
Your Competitive Edge in Energy.
Call Caminus at (212)515-3700 or visit the website at
http://www.caminus.com

-------------------------------------------------------------
Today's Power Bulletins
 * Court to Hear Arguments Today on Whether Federal Bankruptcy Law Permits
Wholesale Preemption of State Law and Regulation Necessary for PG&E's
Reorganization Plan to Be Confirmed
 * Shell WindEnergy Acquires $30 Million, 80 MW Wind Power Facility in
North Texas from Cielo Wind Power
 * Virginia Electric Sells $650 Million in 5-Year Notes
 * Arch Coal 4th Quarter Earnings Drop 13% on Warm Weather and Weak Demand
 * PG&E Says Consumer Advocacy Group, TURN, Misstating Truth, Manipulating
Facts, and Ultimately Concocting Fairy Tale About Its Bankruptcy Case
 * APX Exceeds 500 Million MWh in 2001 Power Transaction Processing
 * GE Power Systems Completes Acquisition of Bently Nevada
 * Sempra Energy Announces Record 2001 Earnings of $2.52 per Share for
2001, Up 22%
-------------------------------------------------------------
DO YOU JUST SEE TREES? WE SEE A FOREST!
See the forest with NewEnergy MarketPower by efficiently obtaining
information for critical market-based investment decisions and mitigate
your risk.

Use MarketPower to determine the effects of transmission congestion, fuel
costs, generator availability and load growth on market prices to better
execute your company's strategic direction.

Designed specifically for today's energy industry, MarketPower is accurate
and easy-to-use, so you can plan for tomorrow...today!

New Ideas...New Solutions...NewEnergy.
For a free 30-day trial visit us at
http://www.NewEnergyAssoc.com/justdownloadit or call us at 770 779 2957
for more information
-------------------------------------------------------------
Enron Creditors Want Andersen Investigation


    Enron's creditors' committee has asked the bankruptcy judge for
permission to investigate Andersen to help it prepare possible legal
action against the accounting firm. The committee wants to force Andersen
officials to testify and turn over documents. It was appointed last month
by the US Trustee's office, an arm of the Justice Department. Creditors,
which are owed $40 billion, are concerned that Enron may be worth less
than they thought. Andersen's CEO sent an auditing expert in his place to
testify yesterday before Congress on the destruction of documents related
to Enron. Another witness, David Duncan, a fired Andersen executive,
invoked his 5th Amendment rights against self-incrimination and refused to
testify at the hearing.
-------------------------------------------------------------
FAST. FLEXIBLE. PROVEN.

The AURORA(TM) electric market model helps you deal with the challenges
and risks of today's energy marketplace.

Exceptionally fast and easy to learn, AURORA(TM) reflects fundamental
market drivers and gives power marketers, resource developers and
portfolio managers a better way to manage against market uncertainty and
price volatility.

AURORA delivers -

?	Price forecasts - hourly, daily, weekly, monthly, yearly
?	On-peak, off-peak pricing
?	Resource valuation and net power costs
?	Portfolio analyses
?	Capacity expansion analyses
?	Effects of emissions
?	And much more . . .

AURORA's comprehensive databases cover all electricity markets throughout
the U.S. and Canada. The model also handles storage, congestion pricing,
and offers detailed reporting and data export capabilities. It can be used
as a stand-alone tool or be integrated with your other business tools.

Visit us at http://ww.epis.com or call (503) 722-2023.

EPIS, Inc.
Market Information Solutions for the Electric Power Marketplace
-------------------------------------------------------------
Natural Gas NYMEX Volume
02FEB   46,009
02MAR   22,123
02APR   10,532
02MAY    3,709
02JUN    4,779
02JLY    7,017
02AUG    2,174
02SEP    1,776
02OCT    3,932
02NOV    2,376
02DEC    1,245
03JAN    2,075
03FEB      722
03MAR    1,623
03APR      380
03MAY      533
03JUN      283
03JLY       85
03AUG      137
03SEP      224
03OCT      354
03NOV      113
03DEC      186
04JAN      183
-------------------------------------------------------------
        GET REAL about energy risk management with KWI

In today's fast moving energy markets you need to be able to manage risk
in real time.

That means knowing before you hit a risk problem, not afterwards when it
may be too late to prevent big losses spreading right through your
enterprise.

With kW3000(tm), our multi-commodity, integrated front to back office
software, you can monitor your Profit At Risk(tm), counterparty risk and
mark-to-market all in real time.

Keep alert to risk. Do it in real time. Call KWI -Americas:
+1-281-681-3301 / Europe: +44 (0) 20-7386-2700 / Asia Pacific: +61(0)
2-9976-6111
http://www.kwi.com
--------------------------------------------------------------
Enron's Top Management Departs


    As Enron struggles to survive, its top executives have been bailing
out. Of the 14 executives named in the company's annual 10-K filing with
the SEC last April, about half are gone. Vice Chairman Mark Frevert said
that he left the company at the end of December and seems uncertain
whether he quit or was fired. Greg Whalley, president and COO, will join
Swiss bank UBS which has acquired Enron's trading unit. Former CEO Jeffrey
Skilling and former Vice Chairman Clifford Baxter left the company last
year and Chairman Kenneth Lay resigned 2 days ago, in what some see as an
attempt to stave off the appointment of a bankruptcy trustee. A trustee
would supersede Enron's top management and its board of directors and
would likely name a new law firm to replace Enron's current bankruptcy
attorneys. A coalition of creditors has petitioned a bankruptcy judge to
appoint a Chapter 11 trustee to run Enron. To have a trustee appointed,
creditors must prove management's actions have been inept or fraudulent.
Document shredding and a suspected cover up of the company's true
financial liabilities could be adequate grounds to name a trustee. Lay's
departure leaves CFO Jeff McMahon and Stan Horton, chairman and CEO of
Enron Global Services in charge of the company for now. Enron plans to
hire a turnaround specialist to run the company until a permanent
replacement is chosen. Three consulting firms that specialize in turning
around failing businesses have been mentioned as possible front-runners.
They are Alvarez & Marsal, Glass & Associates and Zolfo Cooper.
-------------------------------------------------------------
ENERGY.
@ENERGY(r), FEA's Complete Suite of Energy Products,
BUILT FOR THE FUTURE.

*Manage all your energy risks.
*Build and Price deals.
*Value physical assets (generation, storage, etc.)
*Report and reduce your energy risks

FEA
FINANCIAL ENGINEERING ASSOCIATES Inc.
http://www.fea.com/?cId=17
main phone number:  1 510-548-6200
email address: info@fea.com
-------------------------------------------------------------
PHYSICAL POWER PRICES
|            | High  |  Low  | Average |
|            | $/MWh | $/MWh |  $/MWh  |
| Cinergy    | 18.50 | 17.00 |  17.90  |
| ECAR       | 20.50 | 16.50 |  18.60  |
| ERCOT      | 20.00 | 17.60 |  18.10  |
| Entergy    | 17.60 | 17.20 |  17.30  |
| TVA        | 20.90 | 17.60 |  20.40  |
| ComEd      | 19.00 | 18.00 |  18.35  |
| Nepool     | 28.00 | 27.50 |  27.70  |
| PJM West   | 22.35 | 21.00 |  22.00  |
| Main       | 19.00 | 16.25 |  18.00  |
| MAPP       | 20.00 | 18.50 |  19.15  |
| Palo Verde | 22.15 | 20.25 |  21.25  |
| Mid C      | 19.50 | 18.50 |  18.80  |
| COB        | 21.25 | 20.75 |  21.00  |
| 4 Corners  | 23.00 | 20.25 |  21.65  |
| Mead       | 23.25 | 21.00 |  22.00  |
| NP 15      | 23.00 | 21.00 |  22.55  |
| SP 15      | 23.50 | 22.50 |  22.85  |
            Power Delivered 1/25
-------------------------------------------------------------
Judge Halts Andersen Shredding


    A federal judge has approved a plan from Enron shareholders to prevent
Andersen from shredding any more documents related to Enron's audits. The
judge ruled that plaintiffs lawyers can start taking depositions in 20
days from Andersen employees who were fired or suspended for the document
shredding. Andersen must also file a report with the judge explaining the
shredding at that time. But Andersen argues that it has not completed its
own investigation into the shredding, and depositions related to the
lawsuit should take a back seat to investigations by Congress, the SEC,
the Justice Department and others. The judge also ruled Andersen can shred
no more documents and that the firm must preserve all Enron-related
documents going back to 1994 and that plaintiffs' lawyers can inspect
them. Andersen attorneys assured the judge that the records are under
guard and shredding has ceased. Andersen has admitted that its Houston
staff shredded a significant but undetermined number of documents related
to Enron audits last fall as federal regulators launched probes into
possible accounting improprieties. The company later fired the head of the
Houston office for his role in the shredding and placed several others on
administrative leave. Attorneys for the plaintiffs' want to depose the
former partner and five others. Shareholders have filed a lawsuit against
29 current and former Enron executives and board members for more than $1
billion they gained by selling company stock during a 3-year period prior
its bankruptcy filing. Allegations have emerged that Enron employees
shredded accounting and finance documents as recently as last week. A
hearing on Enron shredding is scheduled for February 5th before federal
bankruptcy judge.
-------------------------------------------------------------
Allegheny Energy Supply Company, Salt River Project (SRP) and Sempra
Energy
Resources announce Open Season for proposed Desert Crossing Gas Storage
and
Transportation System. Open Season for customers interested in capacity
begins Jan. 10, 2002 and extends through Feb. 8, 2002.  For information,
visit http://www.desert-crossing.com
-------------------------------------------------------------
Todays Gas Bulletins
 * Andersen May Lose Its License to Audit Texas Companies
 * Shares of PanCanadian Energy and Alberta Energy Surged on Rumors They
Are Headed for Multibillion Dollar Merger
 *  Enron Delinquent in Paying California Tax Bill
 * Nabors Earnings Up Slightly Despite Natural Gas Drilling Slowdown
 * Laclede Gas Names Kenneth Neises Executive Vice President and M
Pendergast
Promoted to VP - Associate General Counsel
 * Devon Energy Completes Acquisition of Mitchell Energy
 * Rochester Gas and Electric Testifies New York State Energy Plan Must
Support Reliability and Competitive Prices
 * Many Ex-Enron Traders Having Trouble Finding New Jobs; UBS Warburg
Plans to Retain About 830 Natural Gas and Power Traders
------------------------------------------------------------
 Ziff Energy Group presents
Gas Storage 2002
Redefining the Fundamentals:
Is Gas Still in the Storage Game?
Power Drives Storage
Will the recession affect plant and storage development?
Will record high volumes in storage further depress gas prices?
Is it possible to mitigate storage risk while dealing with year-round
price
volatility?
Plus
Two Important Workshops
Calpine Corporation
Hear what the Power Generator wants from the storage industry
Bruce Bernard
Learn from the expert how to mitigate storage price risk in the 2002 gas
marketplace
February 6 & 7
Houston
Four Season Hotel
1300 Lamar Street
Register Today for this Important Conference
Call 1-800-853-6252

Email: gasconference@ziffenergy.com

Visit: http://www.ziffenergyconferences.com
-------------------------------------------------------------
FERC to Hold Closed Meeting to Consider Investigation


     The FERC plans to hold a rare, closed-door meeting next week to
discuss a several issues, including the possible initiation of an
investigation. The private meeting will be held Wednesday, immediately
following FERC's regularly scheduled bi-monthly meeting that is open to
the public. The FERC issued a list of agency officials who will attend the
closed-door discussion of the possible investigation, including Chairman
Wood and the three commissioners, the office of general counsel, staff
with FERC's office of market tariffs, and staff with the office of the
executive director. Other items to be discussed at the closed meeting
include: 1) A demand by a group of natural gas producers in the Gulf of
Mexico that Williams cut its new gathering rates and other fees for
transporting volumes to shore. The producers claim that Williams has
boosted its rate for interruptible gathering by more than 230% since
December 1st; 2) A July complaint by New Power Holdings that PJM
Interconnection's capacity requirements and deficiency charges are unjust,
discriminatory and preferential. New Power wants PJM to change its
existing capacity deficiency rate of $177 per MW day; 3) A case involving
a FERC order last summer that says National Fuel Gas violated the law when
it operated a natural gas well and storage fields in Erie County, New
York, before obtaining authorization.
-------------------------------------------------------------
R. W. Beck is an engineering and management consulting firm serving
utilities, developers, financiers and governments worldwide.  Founded in
1942, we help our clients face energy market challenges by providing:

Portfolio Analysis to improve diversification and risk-adjusted
performance of energy assets.

Risk Control to help reduce the probability of losses.

Asset Valuation to understand the market value and risk characteristics of
physical and financial energy assets.

Training to improve your ability to identify and manage tactical and
strategic risks.

Please visit our web site at http://www.rwbeck.com
-------------------------------------------------------------
PSEG to Upgrade Coal Fired Plants in New Jersey


    PSEG has agreed to spend $300 million over 10 years to install
equipment to limit air pollution at its New Jersey coal fired power plants
to bring them into compliance with 'new source' review rules that require
the installation of air pollution equipment when a plant undergoes major
modifications. The agreement settles a complaint brought by the Justice
Department, the EPA and the New Jersey Department of Environmental
Protection. The complaint alleged that PSEG failed to install necessary
pollution controls at two plants. The federal air pollution rule is
currently under review by the White House. Utilities with aging coal-fired
plants contend that the rule requires expensive upgrades which reduces
their ability to produce more energy. PSEG said it would rather resolve
the issue than face protracted and costly litigation. PSEG Power has about
17,000 MW of generation capacity. In 2004, the company will start to
phase-in equipment to reduce emissions of nitrogen oxides, sulfur dioxide
and mercury at 3 New Jersey coal-fired plants with a total capacity of
about 1,250 MW, with all work scheduled to be complete by 2012. PSEG will
install selective catalytic reduction and dry scrubber devices, which
remove particulates from exhaust before it is released into the air. The
new technologies will cost about $150 million each.
-------------------------------------------------------------
POWER FUTURES
| Month |   COB   | Change |   PV    | Change |
| FEB   |  21.25  | +0.00  |  22.80  | -0.15  |
| MAR   |  18.50  | +0.00  |  22.50  | +0.25  |
| APR   |  20.00  | +0.00  |  24.00  | +0.50  |
| MAY   |  18.25  | +0.00  |  24.75  | -0.25  |
| JUN   |  20.00  | +0.00  |  29.15  | +0.65  |
| JUL   |  29.50  | +0.00  |  38.75  | +0.75  |
| AUG   |  40.00  | +0.00  |  44.00  | +0.75  |
| SEP   |  34.00  | +0.00  |  33.30  | +0.30  |
| OCT   |  28.00  | +0.00  |  28.00  | +1.00  |
| NOV   |  27.50  | +0.00  |  27.00  | +1.00  |
| DEC   |  28.50  | +0.00  |  27.50  | +1.00  |
| JAN   |  28.50  | +0.00  |  28.25  | +0.50  |
| Month | Entergy | Change | Cinergy | Change |
| FEB   |  18.80  | +0.35  |  20.00  | +0.50  |
| MAR   |  18.75  | -0.50  |  21.00  | +0.25  |
| APR   |  18.75  | -0.50  |  21.10  | +0.35  |
| MAY   |  23.25  | +0.75  |  24.50  | +0.50  |
| JUN   |  27.15  | +0.40  |  29.70  | +0.70  |
| JUL   |  34.25  | +0.75  |  38.00  | +1.20  |
| AUG   |  34.25  | +0.75  |  38.00  | +1.20  |
| SEP   |  21.50  | +0.10  |  22.50  | +0.40  |
| OCT   |  21.75  | +0.50  |  22.10  | +0.35  |
| NOV   |  21.75  | +0.50  |  22.10  | +0.35  |
| DEC   |  21.75  | +0.50  |  22.10  | +0.35  |
| JAN   |  24.25  | +0.25  |  25.25  | +0.25  |
-------------------------------------------------------------
Power Futures
| Month |  PJM  | Change |
| FEB   | 24.00 | +0.50  |
| MAR   | 24.25 | +0.50  |
| APR   | 24.25 | +0.50  |
| MAY   | 27.20 | +0.60  |
| JUN   | 33.50 | +0.65  |
| JUL   | 45.00 | +1.25  |
| AUG   | 45.00 | +1.25  |
| SEP   | 25.25 | +0.10  |
| OCT   | 25.10 | +0.35  |
| NOV   | 25.10 | +0.35  |
| DEC   | 25.10 | +0.35  |
| JAN   | 28.25 | +0.25  |
-------------------------------------------------------------
KeySpan Net Income Falls 42%


    KeySpan says 4th quarter net income fell 42% on lower natural gas
prices and expenses related to the sale of a barge business. Net income
declined to $34.4 million, or $0.25 per share, from $58.9 million, or
$0.43 a year earlier. Revenue fell 14% to $1.62 billion from $1.87
billion. KeySpan has agreed to sell its Midland Enterprises barge unit to
closely held Ingram Industries for $230 million in cash and $135 million
in assumed debt. It had expenses last quarter of $30.4 million, or $0.22
per share, related to the sale. KeySpan also wrote off the value of its
investment in natural gas reserves by $31.4 million, or $0.23, because of
lower natural gas prices. KeySpan owns 68% of Houston Exploration. It had
costs of $2.5 million on Roy Kay Cos, a general-contracting business it is
closing. Excluding those losses, KeySpan earned $99 million, or $0.71 per
share. It was expected to earn $0.75. KeySpan cut its 2002 earnings
forecast by $0.20 to $2.50 - $2.65, because it expects less profit from
exploration and production. KeySpan's Vice Chairman and Chief Operating
Officer Craig Matthews will retire, effective March 1st.
-------------------------------------------------------------
Energy Seminars, Inc. Announces Key Seminar Offerings for January:

Energy Seminars will be going to Florida and Calgary in 2002!

Click to http://www.energyseminars.com to see our 2002 schedule.

Register on-line at http://www.energyseminars.com or call Registrar Gina
Patrick

Phone: 281-362-7979
FAX: 281-296-9922
--------------------------------------------------------------------------------------------------------------------------

Cargill Halts Saltville Natural Gas Storage Expansion

     An planned expansion of a Virginia natural gas storage facility
planned by Duke Energy and NUI has failed to obtain FERC approval because
Cargill filed a complaint. Cargill asked the FERC to issue an order
halting the construction of an expanded salt cavern storage facility
planned for Saltville, Virginia. Duke and NUI formed a joint venture
called Saltville LLC to expand the salt cavern storage to hold 12 Bcf of
working natural gas capacity over the next 3 years. The site currently
stores only 1.1 Bcf. Cargill says that the companies are attempting to
circumvent the jurisdiction of FERC by seeking approval only from Virginia
state regulators even though the gas may be used in interstate commerce.
The expanded Saltville storage site would have a deliverability of up to
550 MMcf per day. The Virginia State Corporation Commission has scheduled
a February 20th hearing on the project.
-------------------------------------------------------------
                Progas Storage Services, Inc

Was recently organized to offer specialized natural gas storage services
to marketers and end users servicing the upper Midwest and Northeast
market regions along the major transmission systems in Indiana, Illinois,
Kentucky, and Michigan. PGSMI has 10 bcf of potential working capacity
which will offer service along TXG, ANR, Midwestern, and is currently
evaluating for purchase another 21 bcf of potential working capacity which
can be serviced by these and other systems in the region. PGSMI also
explores for natural gas in the Gulf Coast region through a wholly owned
subsidiary. Progas intends to go public through a route of private
industry offerings, and an IPO or registration. For more information on
services or the company mail to: gastorage@aol.com or for AOL mail to
gastorage@aol.com;
The company's executive and administrative office is located in Abilene,
Texas with storage operations in Owensboro, KY and exploration operations
in Corpus Christi, TX.
Progas Storage Services, Inc
8610 S. Hwy 277
Abilene, TX 79606

Ph 915 698 3699
Fx 915 698 2859
-------------------------------------------------------------
FINANCIAL SUMMARY
The TSE 300 rose 59.14 points to 7657.59
The CRB Index fell 0.29 points to 189.04
The US Dollar increased 0.12 points to 118.58
The Dow advanced 65.11 points to 9796.07
The S&P 500 added 3.97 points to 1132.15
The Nasdaq was up 20.20 points to 1942.58
March NYMEX Crude Oil gained 0.20 to 19.70
Canadian-US Exchange dipped 0.0019 to 1.6020
-------------------------------------------------------------
ENERGY MANAGEMENT INSTITUTE
Higher Education for refined product professionals
NOW ENROLLING RISK MANAGEMENT COURSES: PROFESSIONAL GASOLINE AND
DISTILLATE
MANAGEMENT, PETROLEUM MARKETER, and  ADVANCED GASOLINE AND DISTILLATE
MASTER
LEVEL.
REGISTER NOW, CLASS SIZES ARE LIMITED.
SEE COMPLETE DETAILS CLICK HERE :http://www.energyinstitution.org
-------------------------------------------------------------
Pure Text, Lotus, AOL, Yahoo, Excite, Readers-subscribe by writing to:
enerfax-subscribe@egroups.com

Outlook Email Readers-subscribe to webmail by writing to:
mailto:join-EnerfaxDaily@relay.netatlantic.com
-------------------------------------------------------------
ENERGY MANAGEMENT INSTITUTE
Higher Education for refined product professionals
NOW ENROLLING RISK MANAGEMENT COURSES: PROFESSIONAL GASOLINE AND
DISTILLATE
MANAGEMENT, PETROLEUM MARKETER, and  ADVANCED GASOLINE AND DISTILLATE
MASTER
LEVEL.
REGISTER NOW, CLASS SIZES ARE LIMITED.
SEE COMPLETE DETAILS CLICK HERE: http://www.energyinstitution.org






To view past issues of Enerfax Daily -Sign up for free at  Divine's
Sagewave at
http://www.sagewave.com/D2/autolog/common/log.asp?KEY=enerfax
-------------------------------------------------------------
Please welcome our advertisers by visiting these websites.
http://www.e-acumen.com
http://www.kwi.com/
http://www.fea.com/
http://www.caminus.com/
http://www.progas.net/wip
http://www.ziffenergyconferences.com/
http://www.energyseminars.com
http://www.desert-crossing.com
http://www.epis.com
http://www.rwbeck.com
http://www.NewEnergyAssoc.com

enerfaxtext, forward to delete@enerfax.com to unsubscribe.