---------------------- Forwarded by Lorna Brennan/ET&S/Enron on 06/20/2000 
01:04 PM ---------------------------


webmaster@cera.com on 06/20/2000 12:26:48 PM
To: Lorna.Brennan@enron.com
cc:  

Subject: Reaching New Heights - CERA Watch




**********************************************************************
CERA Watch: Sent Tue, June 20, 2000
**********************************************************************

Title: Reaching New Heights
Author: N. American Natural Gas Team
E-Mail Category: Watch
Product Line: North American Gas ,
URL: http://www.cera.com/cfm/track/eprofile.cfm?u=5526&m=1235 ,

Fundamentals have taken center stage, as building demand pressure accompanies 
US supply declines. Storage inventories have been significantly reduced, and 
the pressure for storage injections is likely to intensify as we head into 
the summer months. Demand-driven growth continues, as completions of 
gas-fired power generation plants accelerate to a pace above 10,000 megawatts 
per year and economic growth stimulates electricity demand. The result is a 
higher-price playing field for natural gas, with the average Henry Hub price 
likely to reach $3.67 per MMBtu for 2000--its highest level since the 
development of spot markets.


**end**


Follow URL for complete report.

Please note: Should the above URL not work, please use the following:
http://www.cera.com/client/nag/wch/061600_11/nag_wch_061600_11_ab.html





**********************************************************************
Account Changes
To edit your personal account information, including your e-mail
address, etc. go to: http://eprofile.cera.com/cfm/edit/account.cfm

This electronic message and attachments, if any, contain information
from Cambridge Energy Research Associates, Inc. (CERA) which is
confidential and may be privileged. Unauthorized disclosure, copying,
distribution or use of the contents of this message or any attachments,
in whole or in part, is strictly prohibited.

Terms of Use: http://www.cera.com/tos.html
Questions/Comments: webmaster@cera.com
Copyright 2000. Cambridge Energy Research Associates