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    Thursday, February 7, 2002 Issue 46   EDITORIAL  The hottest topic in the energy industry this week remains the Enron disaster...    ...with Mr. Lay not showing up to testify in front of Congress, and attempting to dodge a subpoena.  The Enron fallout continues to threaten not only the wholesale energy trading sector but the energy sector as a whole as companies retrench to shore up balance sheets after downgradings by the market analysts.  Is Mirant's pull out in Europe and the continued French resistance to deregulation threatening to put the breaks on the developing energy trading market in Europe or simply a bump in the road?  We'll be keeping an eye on it, and it'll certainly be the topic of conversation at the upcoming Energy Exchanges Online show in Amsterdam.   This week's briefing includes an article on a developing market within the energy industry--strategic energy management for corporate customers.  Once large companies could count on their utility bills to be a constant monthly amount --well no longer.  With deregulation, price spikes, the development of the wholesale trading market, energy purchasers have been forced to become savvy comparison shoppers and risk managers all rolled into one.  Al Massey's article takes a look at what this developing market means both for the companies supplying the energy and the companies purchasing it.  In fact we think it's such an important topic for the energy sector, we'll be running a conference in Philadelphia this June, Strategic Energy Management for Corporate Buyers and Suppliers.   For more information drop our conference organizer, Meabh Quoirin a line at mquoirin@eyeforenergy.com .   Our other article takes a look at some of the recent developments in the green energy market.  There's a lot going on in this area, and we're even shipping our journalist off on a field trip to a wind farm to give us a first hand look for an upcoming briefing.   As you all no doubt know, the Eyeforenergy team will be heading off to Amsterdam at the end of next week to prepare for our Weather, Emissions and Energy Trading conference extravaganza.  We're looking forward to seeing a large number of you there, and for those of you who can't make it, we'll have a number of reports in the next briefing on what our speakers had to say, what the latest buzz in the industry is and what you need to look out for in the upcoming months.     --Allison Robertshaw, Editor    FOCUS   Managing Energy Resources in the Global Economy    The highly charged atmosphere of newly deregulated markets, coupled with rapid changes in the energy sector, Enron's meltdown, and price volatility is forcing companies to reexamine the way they have traditionally looked at energy.  Once considered the Bermuda Triangle of the company balance sheet, the run up in energy prices is serving notice that ignoring energy management is a recipe for disaster. Suddenly, energy management has become a strategic issue that can burn a big hole in a corporation's budget.  The rapid changes in the energy industry have forced many companies to scramble to put together new business strategies, corporate and management structures and systems to cope with a new reality facing today's global corporation, that managing energy separates the winners from the losers in...   Click here for Full Story      INSIGHT   Staying Clean and Green in a Developing World    The environmental impact of greenhouse gas emissions, price volatility, investor unrest, globalization and increased competition are the demon spawn of uncertainty and doubt clouding the energy horizon as the New Year unfolds.  With the bright dream that once was Enron turning into a pre-dawn nightmare, the investment community is turning its attention to "the next big thing". Recent indications are that the risk takers, angel investors to venture capitalists and investment banks, are beginning to drag clean energy technologies out of the closet into the clear light of day.  The sheer size and scope of the energy marketplace is a compelling target for those seeking entry into the burgeoning hydrogen economy. Clean-energy technologies -- including solar photovoltaics, wind power, microturbines, and fuel cells -- represent a fast-growing segment of the marketplace...   Click here for Full Story      ADVERTISEMENT  [IMAGE] CO2 Trading USA 2002 The Radisson Hotel, Chicago 19-21 June 2002  Interest in Eyeforenergy's forthcoming conference Emissions Trading Europe 2002 was high long before the program was even published (if you hurry you might still be able to register!).  In the light of this success, we are extending our emissions trading series of events to the U.S.A.   CO2 Trading USA 2002 will take place 19-21 June at The Radisson Hotel, Chicago.  The website has just gone live, invitations have been sent to industry speakers, and sponsorship offers are being discussed.  To get involved, simply register your interest at www.eyeforenergy.com/co2usa , email Sarah Robinson at srobinson@eyeforenergy.com  or call +44 20 7375 7555.  [IMAGE]  NEWS ROUND UP - WEEK IN REVIEW   World Energy Markets at a Crossroads    The publication of WorldPower 2002 once again provides industry participants with comprehensive coverage of issues of importance to the changing state of the world's power and energy markets.  Last year began with the unfolding saga and consequences of the Californian power market crisis, which led to a major re-think in US energy policy. After September 11th, economic influences aside, western economies reviewed the security of their reserves and sources. Finally with the implosion of...   Click here for Full Story     Oregon Set For Electricity Deregulation March 1   February 6, 2002----With the harsh reality of California's deregulation efforts and the meltdown of Enron, drawing consumers attention Oregon's attempts at competition are set to debut on March 1.   So far, three nonutility suppliers, known as "electricity service suppliers," have received state...   Click here for Full Story     Lay Throws in Towel, Quits Enron Board   February 6, 2002----Faced with increasing congressional scrutiny Kenneth lay, has resigned from the board of directors of Enron Corp. The fallen energy giant's former chairman and chief executive resigned from the board Monday, cutting his last tie beyond stock ownership to the natural gas pipeline...   Click here for Full Story     Federal Regulator's Cast Wary Eye on New Jersey Pollution Trading Scheme    February 6, 2002---A New Jersey pollution credit trading scheme, that allows industries to buy and sell the right to pollute has come under the scrutiny of federal regulators. Regulators specifically want to know whether the setup lets companies lie about how much they clean up the air...   Click here for Full Story     Bush Offers Tax Breaks for Renewable Energy    February 5, 2002--- The Bush Administration has proposed significant tax incentives aimed at encouraging energy efficiency and use of renewable resources, while slashing funds for oil and natural gas research programs.  The President proposed a 2.7 percent increase in the Energy Department's discretionary spending for the 2003-spending year. Under the new budget the Energy Department would get $21.92 billion, up $582.2 million from current levels...   Click here for Full Story     Sunoco Logistics IPO Raises $101 Million    February 5, 2002---Sunoco Logistics Partners L.P (SXL),  has floated a initial public offering, raising a reported $101.25 million, According to Lehman Brothers Inc., SXL, which operates oil pipelines and terminal facilities, sold 5 million units at $20.25 each, within the expected price range of...   Click here for Full Story     Sempra Energy Trading Takes Over Enron Metals Unit    February 5, 2002---Sempra Energy's wholesale trading arm Sempra Energy Trading, has successfully taken over the operations of London based Enron Metal Ltd. A leading metals trader on the London Metals Exchange, Enron Metals will now become knows as Sempra Metals Ltd, and will continue to be based...   Click here for Full Story     Logica Energizes European Liberalized Markets    February 5, 2002--- Logica is giving utilities in the newly liberalized markets of the Netherlands and the Czech Republic to "go live" on schedule. In both cases Logica has signed on to operate the IT networks giving consumers the ability to pick a supplier of choice...   Click here for Full Story      Latest News Now!       [IMAGE]     EDITORIAL [IMAGE] The hottest topic in the energy industry this week remains the Enron disaster...    ARTICLES [IMAGE] Managing Energy Resources in the Global Economy [IMAGE] Staying Clean and Green in a Developing World    NEWS ROUND UP [IMAGE] World Energy Markets at a Crossroads   [IMAGE] Oregon Set For Electricity Deregulation March 1   [IMAGE] Lay Throws in Towel, Quits Enron Board   [IMAGE] Federal Regulator's Cast Wary Eye on New Jersey Pollution Trading Scheme   [IMAGE] Bush Offers Tax Breaks for Renewable Energy   [IMAGE] Sunoco Logistics IPO Raises $101 Million   [IMAGE] Sempra Energy Trading Takes Over Enron Metals Unit   [IMAGE] Logica Energizes European Liberalized Markets      EVENTS [IMAGE]  Energy Exchanges Online Europe   [IMAGE]  Emissions Trading Europe 2002   [IMAGE]  Weather Trading Europe 2002   [IMAGE]  Energy Exchanges Online III   [IMAGE]  CO2 Trading USA 2002 (new)      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   bruno@eyeforenergy.com      [IMAGE]