In Energy Insight for Monday, August 28
In Energy Insight Today (Blue Banner, all subscribers)
Some power development companies think the answer to electric price
volatility is blowin' in the wind, literally, moving to develop compessed
air energy storage facilities in a number of locations. Local utilities seem
encouraged by the idea as well. Read details at http://www.einsight.com.

In Energy Insight 2000 (Red Banner, premium-pay access only)
Montana Power's Touch America unit is expanding into wireless even as it
installs fiber optics across the country. The analysis is timely given
Montana Power's asset sale and Deutsche Telecom's further U.S. expansion,
both announced Monday.

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News Briefs:

+Montana Power Sells Oil and Gas Business Unit
The Montana Power Co. has sold for $475million (US) its nonregulated oil and
gas business unit to PanCanadian Petroleum Limited of Calgary. The sale
includes subsidiaries that have interests in crude oil, natural gas and gas
liquids exploration, production and marketing in the U.S. and Canada.

Proceeds from the sale would be invested in growing Touch America, MPC's
national fiber-optic and wireless broadband telecommunications subsidiary.
The U.S. businesses have operations in northern Montana and in the D-J
(Denver-Julesburg) Basin north of Denver as well as minor properties in the
Anadarko Basin, Oklahoma, and Green River Basin, Wyoming. Fractionation
plants are at Cut Bank, MT, and Ft. Lupton, CO. The Canadian properties
reside mostly in southern and central Alberta and in southern Saskatchewan.

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+Deutsche Telekom to Buy Powertel for $5.89bn
The Financial Times said that Deutsche Telekom is expanding in the U.S.
mobile phone market by acquiring Powertel, a local mobile operator in the
Southeast, for about $5.89 billion in shares. The deal comes just weeks
after DT moved into the U.S. mobile market through the $50 billion
acquisition of VoiceStream.

As that deal has not yet been completed, the latest transaction is
structured as an all-share acquisition of Powertel by Voicestream. The two
U.S. companies have also agreed that the deal will go ahead even if DT's
takeover of VoiceStream is not completed.

Communications Holdings, Inc., a unit of SCANA Corp., owns approximately
14.6 million fully diluted
common shares, or about a 27% equity interest, in Powertel, representing an
investment of $249 million.

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Market Brief    Friday August 25
Stocks  Close   Change  % Change
DJIA    11,192.63       9.9     0.1
DJ 15 Util.     355.95  (2.6)   (0.7)
NASDAQ  4,042.68        (10.6)  (0.3)
S&P 500 1,506.45        (1.9)   (0.1)

Market Vols     Close   Change  % Change
AMEX (000)      42,153  (8,220.0)       (19.5)
NASDAQ (000)    1,286,420       (261,588.0)     (20.3)
NYSE (000)      676,769 (148,377.0)     (21.9)

Commodities     Close   Change  % Change
Crude Oil (Oct) 32.03   0.40    1.25
Heating Oil (Sep)       0.9694  0.02    1.66
Nat. Gas (Henry)        4.628   0.09    1.90
Palo Verde (Sep)        176     (1.00)  (0.57)
COB (Sep)       192.5   1.50    0.78
PJM (Sep)       35.75   2.75    7.69

Dollar US $     Close   Change  % Change
Australia $     1.740   (0.00)  (0.28)
Canada $        1.485   (0.00)  (0.15)
Germany Dmark   2.167   0.00    0.05
Euro    0.9016  (0.00)  (0.01)
Japan _en     107.03  0.21    0.19
Mexico NP       9.229   0.02    0.26
UK Pound        0.6799  0.00    0.74

Foreign Indices Close   Change  % Change
Arg MerVal      475.24  4.73    1.00
Austr All Ord.  3,326.30        (4.10)  (0.12)
Braz Bovespa    17,642.67       331.71  1.88
Can TSE 300     11,246.04       67.06   0.60
Germany DAX     7,307.17        76.91   1.05
HK HangSeng     17,236.74       (202.96)        (1.18)
Japan Nikkei 225        16,911.33       240.51  1.42
Mexico IPC      6,181.15        (112.40)        (1.82)
UK FTSE 100     6,563.71        6.67    0.10
Source: Yahoo! and NYMEX