judy.townsend@enron.com, To unsubscribe send a blank mailto:leave-enerfaxtext-14816594U@relay.netatlantic.com


Enerfax Daily
NORTH AMERICA'S FREE POWER AND GAS INFORMATION SOURCE
              Monday, January 7, 2002 No. 899
Visit: http://www.enerfax.com/ or for Oil Prices & News
http://www.enerfaxgold.com/
PHYSICAL NATURAL GAS PRICES
Gulf/Eastern Region
| Agua Dulce              | 2.23  |
| ANR SE                  | 2.32  |
| Carthage TG             | 2.32  |
| Chicago Citygate        | 2.32  |
| Columbia Gulf Onshore   | 2.35  |
| Dominion South Point    | 2.55  |
| Henry Hub               | 2.36  |
| Houston Ship Channel    | 2.39  |
| Katy Hub                | 2.33  |
| NGPL LA Pool            | 2.25  |
| NGPL - Midcontinent     | 2.19  |
| NGPL STX                | 2.26  |
| NGPL TX/OK              | 2.24  |
| NNG Demarc.             | 2.23  |
| Niagara                 | 2.43  |
| Sonat Tier 1            | 2.35  |
| TCO IPP Pool            | 2.48  |
| Tetco ELa               | 2.36  |
| Tetco M-3               | 2.91  |
| Tetco STX               | 2.26  |
| TGP Zone 0              | 2.28  |
| TGP Zone 1 (500 Leg)    | 2.31  |
| TGT Zone SL             | 2.35  |
| New York Citygate       | 3.19  |
| Transco Station 65      | 2.42  |
| Transco Zone 6 (NY)     | 3.19  |
| Trunk ELa               | 2.34  |
| Western Region
| California Border       | 2.22  |
| El Paso Keystone        | 2.12  |
| El Paso San Juan-Blanco | 2.04  |
| Waha Hub                | 2.22  |
| Canadian/Rockies Region
| Nova/Aeco (C$/gig)      | 2.97  |
| Dawn Hub/Union          | 2.37  |
| Northwest Stanfield     | 2.01  |
| Wyoming Pool            | 1.96  |
| Opal/Kern River         | 1.97  |
| PGT-Malin               | 2.10  |
| Sumas                   | 1.98  |
         Flow Dates 01/5-7
-------------------------------------------------------------

NATURAL GAS FUTURES
Henry Hub
12 Month Strip  2.5661 +0.0204
18 Month Strip  2.7106 +0.0277
| Month | High  |  Low  | Close | Change |
| FEB   | 2.330 | 2.250 | 2.275 | +0.007 |
| MAR   | 2.330 | 2.240 | 2.265 | +0.002 |
| APR   | 2.320 | 2.250 | 2.288 | +0.010 |
| MAY   | 2.900 | 2.330 | 2.352 | +0.014 |
| JUN   | 2.461 | 2.400 | 2.421 | +0.018 |
| JUL   | 2.510 | 2.460 | 2.483 | +0.025 |
| AUG   | 2.555 | 2.515 | 2.536 | +0.026 |
| SEP   | 2.580 | 2.530 | 2.551 | +0.026 |
| OCT   | 2.610 | 2.565 | 2.588 | +0.023 |
| NOV   | 2.850 | 2.790 | 2.818 | +0.028 |
| DEC   | 3.055 | 3.005 | 3.048 | +0.033 |
| JAN   | 3.180 | 3.135 | 3.168 | +0.033 |
-------------------------------------------------------------
-

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 Up Slightly in Lackluster Trading


    Natural gas futures for February delivery on the NYMEX contract
settled $0.007 up Friday at $2.275 per MMBtu on a day of lackluster trades
and boredom. The March contract gained $0.002 to $2.265 per MMBtu. The
market opened slightly higher but slowly worked it way lower before
recovering a little before the close. The market hit a marginal new low
but traded in a $0.02 - $0.03 range most of Friday, with low volumes
around 66,210. The lack of activity was expected after a large sell-off on
Thursday, with traders exhausting their positions after the AGA report.
The AGA reported a withdrawal of only 124 Bcf last week, considered low
and bearish, leaving over a Tcf more in storage than a year ago. The
market should continue softening slightly on lack of prolonged cold
weather and high storage volumes, but a technical rally lead by
short-covering funds is likely soon. The commitments of traders report
published Friday by the CFTC showed large speculators, including commodity
funds, held a net short position of 33,103 contracts last week, compared
with 26,874 the prior week. Big commercial players held a net long
position of 27,367, up from 21,258 a week earlier. They ended the week
with 336,717 longs and 309,350 shorts. This week, look for support at
December expiry levels of $2.18 of MMBtu, with resistance at $2.40  -
$2.45. Natural gas for next day delivery across the US and Canada was
generally down $0.10 - $0.20 Friday. Natural gas for next day delivery at
the Henry hub lost $0.13 to $2.36 per MMBtu.
------------------------------------------------------------
 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 www.caminus.com
-------------------------------------------------------------
Today's Power Bulletins
 * FERC ALJ Schedules New Hearing this Week into California Refund Case
 * Energy Secretary Abraham Makes 1st Visit to Yucca Mountain, Possible
Site in Nevada of Nation's Repository for Highly Radioactive Waste
 * Change of Venue Decision Expected this Week in Enron Bankruptcy Case
 * California PUC Begins Hearing on Potential Impact of Enron's Demise
 * UtiliCorp Accepts Tendered Aquila Shares, Expects to Complete
Short-Form Merger Today
 * Fitch Downgrades TECO Energy & Tampa Electric Ratings to 'A-' from 'A'
 * Peabody Energy Receives Pre-Approval for Thoroughbred Energy Campus Air
Quality Permit
 * PSEG Global Reached Agreement for Repayment with PG&E of $61.7 Million.
Northeast Spot Power Prices Mixed Despite Warmer Forecasts
-------------------------------------------------------------
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
-------------------------------------------------------------
Companies Cut Planned Power Projects


    Power companies are cutting back on plans to build many new plants in
a reaction to sliding wholesale electricity prices and questions about
heavy corporate debt levels. About 18% of announced projects are defunct,
double the number of a year ago. The drop off could pose a threat to the
US after the current recession when demand for electricity picks up.
Enron's dramatic demise has hurt the power industry in recent months and
forced many to cut spending. Mirant, Dynegy and El Paso have all said they
would scale back some projects. Calpine is expected to make a similar
announcement later this month. Energy Insight reports that 91,139 MW of
generating plant, out of a total announced portfolio of 503,780 MW have
been scrapped or delayed by the end of 2001.
-------------------------------------------------------------
FAST. FLEXIBLE. PROVEN.

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

Exceptionally fast and easy to learn, AURORA 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 www.epis.com or call (503) 722-2023.

EPIS, Inc.
Market Information Solutions for the Electric Power Marketplace
-------------------------------------------------------------
Natural Gas NYMEX Volume
02FEB   38,811
02MAR   18,888
02APR   14,819
02MAY    6,789
02JUN    4,512
02JLY    1,578
02AUG    1,830
02SEP      636
02OCT    3,231
02NOV    2,062
02DEC    1,288
03JAN    2,711
03FEB      697
03MAR      571
03APR      359
03MAY       57
03JUN      490
03JLY      148
03AUG       28
03SEP      550
03OCT      542
03NOV        0
03DEC        0
04JAN        0
-------------------------------------------------------------
        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/
--------------------------------------------------------------
Unemployment Rate Rises for Oil and Natural Gas Drilling

    Lower oil and natural gas prices have taken their toll on the energy
exploration sector, which lost about 4,000 jobs in December according to
the Department of Labor. There were 336,000 oil and natural gas drilling
positions as of January 1st, about 6000 less jobs than the 3-year highs of
August and September, the DOL said. The US lost 124,000 jobs in December,
or 5.8%, but the unemployment rate fell from November, when 371,000 jobs
were lost. In 2001, the average crude oil price fell 14% to $25.96 per
barrel, but oil prices have risen since late December when OPEC and
non-member producers agreed to remove almost 2 million bpd from the global
oil market. Many have forecast a stronger market for oil and natural gas
prices in the 2nd quarter of this year, but the lost jobs will not return
until demand and prices rise. As is normal in the energy industry,
exploration jobs are usually the first to go when oil and natural gas
prices sink. Mostly unionized jobs in the petroleum and coal products
sector were stable at 127,000, but close to all time lows. The 4,000
positions eliminated by Enron last month are reflected in the securities
and commodity trading employment figures and account for more than a half
of that segment's jobless rate for December, according to DOL data.
-------------------------------------------------------------
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=14
main phone number:  1 510-548-6200
email address: info@fea.com
-------------------------------------------------------------
PHYSICAL POWER PRICES
|            | High  |  Low  | Average |
|            | $/MWh | $/MWh |  $/MWh  |
| Cinergy    | 26.00 | 22.00 |  24.50  |
| ECAR       | 28.00 | 22.00 |  25.80  |
| ERCOT      | 19.25 | 18.50 |  18.90  |
| Entergy    | 22.50 | 17.05 |  20.30  |
| TVA        | 30.70 | 29.65 |  29.80  |
| ComEd      | 24.00 | 22.00 |  23.15  |
| Nepool     | 33.75 | 33.50 |  33.65  |
| PJM West   | 27.00 | 25.50 |  26.45  |
| Main       | 26.00 | 21.50 |  23.45  |
| MAPP       | 26.00 | 22.00 |  23.75  |
| Palo Verde | 24.00 | 21.00 |  22.70  |
| Mid C      | 20.00 | 17.50 |  18.65  |
| COB        | 21.25 | 20.00 |  20.70  |
| 4 Corners  | 23.50 | 20.00 |  21.75  |
| Mead       | 25.00 | 20.00 |  23.45  |
| NP 15      | 24.75 | 22.50 |  23.80  |
| SP 15      | 24.75 | 22.50 |  23.55  |
-------------------------------------------------------------
Energy Releases
Opt in Email has 9 times the response of regular mail and costs less than
the postage. Have your press or news releases sent to over 50,000 energy
professionals. For More Information
Write Energyreleases@yahoo.com
-------------------------------------------------------------
Todays Gas Bulletins
 * FERC ALJ Schedules New Hearing this Week on Investigation into El
Paso's Natural Gas Transactions in California
 * NIPSCO Announces Filings Before Indiana Utility Regulatory Commission
 * Dynegy Stock Jumps 5.6% Higher to $26.70 per Share on News of Northern
Natural Gas Pipeline Settlement
 * Accounting Firms Urge SEC to Require Companies to Reveal More
Information on
Complex Financing Deals Like Enron's
 * Nicor Gas' Customer Select Program Receives Final Approval from
Illinois
Commerce Commission
 * Encore Acquisition Company Announces Completion of Permian Basin
Property
Acquisition for $50 Million
 * Williams Completes 1st Part of South Texas Asset Sale to Enbridge;
Purchases South Texas Natural Gas Gathering, Treating and Transmission
Assets for $50 Million
------------------------------------------------------------
 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: www.ziffenergyconferences.com

-------------------------------------------------------------
Baker Hughes Weekly Rig Count

    The number of rigs searching for oil and natural gas in the US fell by
4 to 883 last week, according to Baker Hughes. A year ago there were 1107.
The number of rigs exploring in Canada was up 95 last week to 293 compared
to 489 a year ago. The number of rigs in the Gulf of Mexico was up 2 at
121 compared to 161 a year ago. The number searching on land was 735, and
the number of offshore rigs was 127. There were 21 inland rigs.  The total
North American rig count gained 91 to 1,176, compared to 1,596 a year ago.
The number of rigs searching for oil rose by 1 to 138, while the number
searching for natural gas slipped 4 to 744.
-------------------------------------------------------------
 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 services to help reduce the probability of losses.
Systems and Facilities services to identify, design and implement
effective
risk management systems.
Training to improve your ability to identify and manage tactical and
strategic risks.
Please visit our web site at http://www.rwbeck.com
-------------------------------------------------------------
Shares of Covanta Jump Higher

     Shares of Covanta jumped higher Friday after it had completed the
sale of most of an aviation fueling business as it seeks to focus on
independent power projects. The stock was up $0.44, or 8.9%, to $5.45 per
share. Covanta completed the sale of its aviation fueling operations at 19
airports in the US, Canada and Panama to Allied Aviation Holdings, a unit
of Tampa Pipeline for $15.2 million. Covanta also said Allied Aviation
Holdings would buy its aviation fueling operations at the three major New
York/New Jersey airports for an undisclosed price. This deal has been
delayed and there is no time frame for completion. Late last month Covanta
said it was seeking extra liquidity because of payment delays. The
statement, and investor fears about the prospects for power companies,
sent Covanta shares tumbling 60%.
-------------------------------------------------------------
POWER FUTURES
| Month |   COB   | Change |   PV    | Change  |
| FEB   |  24.75  | +0.00  |  24.75  |  +0.00  |
| MAR   |  22.00  | +0.00  |  22.00  |  +0.00  |
| APR   |  21.25  | +0.00  |  21.25  |  +0.00  |
| MAY   |  23.20  | +0.00  |  23.30  |  +0.00  |
| JUN   |  22.00  | +0.00  |  22.00  |  +0.00  |
| JUL   |  34.75  | +0.00  |  34.75  |  +0.00  |
| AUG   |  44.00  | +0.00  |  44.00  |  +0.00  |
| SEP   |  39.75  | +0.00  |  39.75  |  +0.00  |
| OCT   |  30.75  | +0.00  |  30.75  |  +0.00  |
| NOV   |  33.00  | +0.00  |  30.00  |  +0.00  |
| DEC   |  35.00  | +0.00  |  30.00  |  +0.00  |
| JAN   |  33.00  | +0.00  |  30.75  |  +0.00  |
| Month | Entergy | Change | Cinergy | Change  |
| FEB   |  21.70  | +0.00  |  23.60  |  +0.00  |
| MAR   |  21.75  | +0.00  |  23.70  |  +0.00  |
| APR   |  21.75  | +0.00  |  23.70  |  +0.00  |
| MAY   |  24.50  | +0.00  |  26.75  |  +0.00  |
| JUN   |  31.75  | +0.00  |  35.50  |  +0.00  |
| JUL   |  41.00  | +0.00  |  46.00  |  +0.00  |
| AUG   |  41.00  | +0.00  |  46.00  |  +0.00  |
| SEP   |  22.50  | +0.00  |  24.75  |  +0.00  |
| OCT   |  22.75  | +0.00  |  24.75  |  +0.00  |
| NOV   |  22.75  | +0.00  |  24.75  |  +0.00  |
| DEC   |  22.75  | +0.00  |  24.75  |  +0.00  |
| JAN   |  26.00  | +0.00  |  27.00  |  +0.00  |
-------------------------------------------------------------
Power Futures
| Month |  PJM  | Change |
| FEB   | 27.55 | +0.00  |
| MAR   | 26.10 | +0.00  |
| APR   | 26.10 | +0.00  |
| MAY   | 29.50 | +0.00  |
| JUN   | 38.25 | +0.00  |
| JUL   | 52.50 | +0.00  |
| AUG   | 52.50 | +0.00  |
| SEP   | 26.50 | +0.00  |
| OCT   | 25.50 | +0.00  |
| NOV   | 25.50 | +0.00  |
| DEC   | 25.50 | +0.00  |
| JAN   | 30.00 | +0.00  |
-------------------------------------------------------------
Alliant Completes Combination of Utilities

    Alliant Energy has finalized the combination of its two Iowa
utilities, IES Utilities and Interstate Power Company. The two utilities
have become one legal entity named Interstate Power and Light Company, the
final touch of the 1998 Alliant Energy merger of three Midwest utility
companies. Alliant Energy provides electric, natural gas, water and steam
services to more than three million customers worldwide.
-------------------------------------------------------------
Energy Seminars, Inc. Announces Key Seminar Offerings for January:


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

Click to 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
--------------------------------------------------------------------------------------------------------------------------

PPL Cuts Earnings Forecasts


    PPL has said it plans to cancel 5 new power plants in Pennsylvania and
1 in Washington state and warned it will not meet earnings forecasts for
2001 and 2002. PPL canceled the projects worth $1.3 billion, which would
have added 2,100 MW of power, because of falling power prices and
regulatory conditions. The average price of electricity in PPL's main
market, Pennsylvania, New Jersey and Maryland fell 43% last quarter to
$25.80 per MWh from a year ago. The company will now spend about $1.5
billion on other power plant projects over the next 2 years. PPL has
lowered its 2001 and 2002 earnings estimates to $3.35 - $3.45 per share
from at least $4 per share. Power prices across the nation have fallen as
the recession and mild weather have reduced demand, leading many utilities
and power generators to cut back plans to build new generating plants. On
Friday, shares of PPL fell $2.56, more than 7% to $32.34, after dropping
by 23% last year. PPL is not alone as other power producers have canceled
or delayed plans for projects because of lower power prices and concern
that rising debt might hurt credit ratings. Its 2001 earnings were reduced
by $0.60 per share after canceling the purchase of 22 turbines from GE.
Earnings were also reduced about $0.14 per share after a write-off for a
share in the UK Teesside Power Station, partly owned by Enron. Profits
were further decreased by about $0.06 because of other business associated
with Enron.
-------------------------------------------------------------
Williams to Sell Convertibles


    Williams expects to sell $1 billion of securities automatically
convertible into company stock this week in a bid to shore up its balance
sheet following the collapse of Enron. Many energy providers have been
trying to improve their finances and increase investor confidence
following that bankruptcy. The sale of 3-year mandatory convertible
securities follows last month's $1.2 billion convertible securities sale
by Calpine. Williams' securities carry a rarely used structure that limits
the ability of investors to participate fully in a rise in Williams'
stock, but cushions that with a big dividend. The reason issuers in
general like mandatories is it helps their credit profiles, because there
is no principal coming due in 3 years. The benefit of a capped convertible
is there is a cap on the dollar value of the shares you need to issue if
the stock really runs higher. Williams will use proceeds as part of its
plan to fund capital spending, pay down short-term debt and pursue other
corporate purposes. Convertibles are stock-bond hybrids that usually offer
current income and can be converted into company stock.
-------------------------------------------------------------
                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.
Vist our website http://www.progas.net/wip
Progas Storage Services, Inc
8610 S. Hwy 277
Abilene, TX 79606

Ph 915 698 3699
Fx 915 698 2859
-------------------------------------------------------------
Enron Removes Dabhol Components for Safe-Keeping


    After pulling out of India's Dabhol Power project, Enron has removed
key components necessary to restart the $3 billion power plant. Dabhol
said the parts were moved for security reasons so that they could be used
again when the power plant is sold. Dabhol, which laid off 300 workers
last month, says that the plant is surrounded by hostile people who relied
on the plant for their livelihood and that vandalism and theft occur
daily. The company wanted to keep the parts from being stolen or damaged.
A security staff of 80 guards protects the 1,700-acre site. Indian banks,
which have made $1.4 billion in loans to the plant, said the parts were
taken without their knowledge. Enron said it couldn't notify lenders of
the removal in time because of the holiday season. Dabhol says that the
parts are being stored outside India and would be returned once a sale is
completed. Tata Power, BSES and state-run Gas Authority of India have said
they plan to bid for the 740 MW plant. The lenders contacted Enron for an
explanation for the removal of the components, which included coded
compact discs and microchips. Enron owns 65% of the plant which was closed
down last May after cancelled a supply contract when the Maharashtra State
Electricity Board ran up $64 million in unpaid bills. An expansion plan to
add 1,444 MW to the existing generator and a 5 million-ton-per-year LNG
receiving terminal is 95% complete, but work has been halted pending a
sale. General Electric and Bechtel Group each own 10% of Dabhol.
-------------------------------------------------------------
Alliant Completes Combination of Utilities

    Alliant Energy has finalized the combination of its two Iowa
utilities, IES Utilities and Interstate Power Company. The two utilities
have become one legal entity named Interstate Power and Light Company, the
final touch of the 1998 Alliant Energy merger of three Midwest utility
companies. Alliant Energy provides electric, natural gas, water and steam
services to more than three million customers worldwide.
-------------------------------------------------------------
FINANCIAL SUMMARY
The TSE 300 added 59.08 points to 7833.24
The CRB Index rose 2.65 points to 193.82
The US Dollar increased 0.16 points to 116.33
The Dow advanced 87.60 points to 10259.74
The S&P 500 climbed 7.24 points to 1172.51
The Nasdaq was up 15.11 points to 2059.38
February NYMEX Crude Oil rose 1.25 to 21.62
Canadian-US Exchange added 0.0007 to 1.5975
-------------------------------------------------------------
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
-------------------------------------------------------------
Washington DC
January 24, 2002
Spencer Abraham U.S. Secretary of Energy to address energy community on
potential security and commerce threats. Also to speak will be key
directors
from the CIA, SPR, IEA, SPR and more. See complete
detail and register today at
http://www.wesc.org
-------------------------------------------------------------
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.risk.sungard.com/energy
http://www.ziffenergyconferences.com/
http://www.energyseminars.com
http://www.energyjobs.com

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