Platts Energy Bulletin


The daily Energy Bulletin is a showcase of the top headlines posted on
platts.com (http://www.platts.com) over the past 24 hours. To view this file in
html, open the attachment at the bottom of this email. We welcome your feedback
- send your comments to feedback@platts.com. Instructions for unsubscribing can
be found at the bottom of each issue.

February 27, 2002

What's New on platts.com?
Platts Enron Report: Read about the implications of Enron's bankruptcy on the
financial and energy communities.
(http://www.platts.com/features/enron/index.shtml)

Tug-of-War Continues in Commodity Markets: S&P Standard & Poor's pricing
assumptions (for the purpose of assigning credit ratings to exploration and
production (E&P) companies of $19.00/bbl for the West Texas Intermediate crude
oil benchmark and $2.50/MMBtu for NYMEX natural gas remains unchanged for yet
another month.
(http://www.platts.com/risk_management/sandp/analysis.shtml)

Quote of the Day: A selection of industry/OPEC viewpoints.
(http://www.platts.com/quote.shtml)

ENERGY INSIGHT:
(for Platts Premium Customers)
Residential time-of-use pricing gains ground
Among the many consequences of last year's price spikes in California is a
growing conceptual support for real-time residential pricing. Proponents of the
idea argue that exposing customers to wholesale price signals provides a
potentially powerful load-management tool. (http://www.einsight.com)

Advertisement:
Platts Global Energy Jobs Board and Resume Bank: Created in partnership with the
Energy Jobs Network, the Jobs Board gives you access to a pool of job seekers
and open positions across the energy industry. It's free for all job seekers,
and there is a range of packages for employers posting jobs.
(http://www.energyjobsnetwork.com/home.asp?code=platts)

Futures Round-up

NYMEX: Crude to open higher following DOE report
April
crude oil is called to open 16 cts higher at $21.57/bbl. March unleaded gasoline
is called to open unchanged to 3 pts higher at 57.35 cts/gal and March heating
oil is called to open 15 pts lower at 55.03 cts/gal.

IPE Brent Focus: IPE Brent weaker Wednesday due to unexpected API builds
IPE Brent futures slipped lower in open outcry dealing Wednesday on the back of
an unexpected build in US crude inventory data, and also corrected the "surprise
move higher" Tuesday, dealers said.


News Round-up
Click on the headlines below or paste the URLs provided in your internet browser
to see the full story.

OIL:
Enron Ch 11 judge sets 30-day freeze on trading arm cash
US Bankruptcy Judge Arthur Gonzalez in New York has frozen cash transfers for at
least 30 days from Enron's cash-cow trading unit, Enron North America, and the
failed energy merchant's 3,500-some other subsidiaries.
(http://www.platts.com/archives.shtml#59418)

NATURAL GAS:
UK House of Lords fear serious threat to gas supplies
The UK government is being urged to report on gas stocks by the House of Lords
EU Select Committee. It believes there could be a "potentially serious" threat
to UK gas supplies in the short to medium term, as well as concern about longer
term dependency. (http://www.platts.com/archives.shtml#59456)

PETROCHEMICALS:
High Pemex prices 'crushing Mexican petchems'
High raw material costs imposed by state Pemex are plunging Mexico's
private-sector petrochemical industry into crisis, an industry leader told
Platts Tuesday. (http://www.platts.com/archives.shtml#59431)

Advertisement:
Primedia Workplace Learning: Now you can deliver comprehensive, industrial
maintenance training to your technicians -- anytime, anywhere. PRIMEDIA
Workplace Learning's Web-based maintenance training features world-renowned NUS
Training (TM) content plus powerful records-management tools, saving you both
time and money. View our 4-minute online demo: http://216.92.125.24/pri2.htm
(http://216.92.125.24/pri2.htm).

ELECTRIC POWER:
US energy companies offer to cut emissions, including CO2
Nine US energy companies are shopping a legislative proposal to federal
lawmakers to curb power plant emissions of nitrogen oxide, sulfur dioxide,
mercury and carbon dioxide nationwide.
(http://www.platts.com/archives.shtml#59428)

NUCLEAR:
NRC issues security order to US nuclear plants
After weeks of discussion, NRC issued an order yesterday to all nuclear plants,
imposing interim security measures but giving operators until Aug 31 to finish
implementing the requirements. (http://www.platts.com/archives.shtml#59424)

COAL:
Dominion buys State Line
Virginia-based Dominion said Tuesday that it had reached agreement to purchase
Mirant State Line Ventures Inc, including the State Line power plant, a 515-MW
coal-fired facility outside Hammond, Indiana.
(http://www.platts.com/archives.shtml#59434)

BANDWIDTH:
Enron, Williams, Montana Power partnership dealt extensively in swaps to build
fiber network
Anxious to accelerate its entry into the broadband arena, Enron Corp in
September 1997 formed a partnership with the telecommunications units of The
Williams Cos and Montana Power Co that set out to swap its way into building the
western segment of what would eventually grow into a nationwide network.
(http://www.platts.com/bandwidth/index.shtml)

To see the past five day's headlines posted on platts.com
go to Platts archives (http://www.platts.com/archives.shtml).



Upcoming Events:

Platts Policies and Methodology Forum, Platts will hold an open forum to discuss
its policies and methodologies on Sunday, March 17 at the Marriott Rivercenter
Hotel in San Antonio, Texas. The forum will be held in conjunction with the
annual meeting of the National Petroleum Refiners' Association. For further
details and to register go to
http://www.platts.com/oil/SanAntonioForum/sanantonioforumregister.shtml

4th Annual ELECTRIC POWER Conference & Exhibition, "Where the Operating
Companies Meet", Over 10 co-located events, 500 exhibiting companies and 6,000+
attendees. March 19-21, 2002, America's Center, St. Louis, Missouri. Organized
by The TradeFair Group, and Sponsored by POWER Magazine and Platts.
(http://www.electricpowerexpo.com/currentshow/home.asp)

"Grid Business: The Midwest," an Electrical World Roundtable in cooperation with
R.J. Rudden Associates and the United States Energy Association. March 20-21,
2002, in St. Louis, Missouri.
(http://www.platts.com/gridbusiness/index.html)

"Navigating the Perfect Storm: Charting Power Generation Success," the 17th
Annual Global Power Markets Conference. March 24-26, 2002, in New Orleans.
(http://www.platts.com/electricpower/GPMConf2002/index.shtml)



Advertisement:
Platts Global Energy Buyers' Guide: The Buyers' Guide encompasses thousands of
products and services needed worldwide by companies involved in the generation
and delivery of electric power and its related services. It is a dynamic
information service, updated daily as companies enter the market, merge or
change their product/service offerings.
(http://www.mediabrains.com/client/platts/bg1/search.asp)

PLATTS' MAGAZINES:

Global Energy Business - Top 250 Energy Companies
The first annual survey by Global Energy Business of financial performance for
leading energy companies worldwide presents year 2000 data--assets, revenues,
profits, earnings per share, and return on invested capital--for firms with
assets exceeding $2 billion. Data were supplied by Standard & Poor's, a unit of
The McGraw-Hill Companies, New York, from its Compustat data base.
(http://www.platts.com/business/issues/0201/0201geb_top250.shtml)



Want more information on Platts products? Browse the Platts Infostore at
http://www.platts.com/mhe_infostore/cgi-bin/infostore.

You can also email Platts sales team at info@platts.com or check for the details
of your nearest sales representative in our list of Platts offices at
http://www.platts.com/about/offices.shtml.

To email an editor, click on
http://www.platts.com/oil/editorialquestions.shtml?EnergyBulletin.

For information on how to advertise on the Platts Energy Bulletin or on
platts.com contact josie_parnell@platts.com.



To unsubscribe from the Energy Bulletin, please click here and complete the
'UnSubscribe" form.
(http://platts1.platts.com/cgi-bin/register/register.cgi?submit=UnSubscribeForm)
You should receive a response telling you that you have been unsubscribed. If
you are experiencing problems, email us at feedback@platts.com.