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   [IMAGE] [IMAGE]  [IMAGE]  [IMAGE]  [IMAGE] [IMAGE]  [IMAGE]  [IMAGE]  [IMAGE]       [IMAGE]   [IMAGE]   [IMAGE]   [IMAGE]   [IMAGE]     	 [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE]          Updated: Oct. 10, 2001     [IMAGE]      [IMAGE]   [IMAGE]    [IMAGE] [IMAGE] [IMAGE]           Jumping the gun on carbon trading  At some point in the not too distant future, U.S. companies may buy and sell credits for greenhouse gas emissions in a "carbon trading exchange," similar to the current market for sulfur oxide (SOx) and nitrogen oxide (NOx) credits.  [IMAGE] [IMAGE]         [IMAGE]     [IMAGE] [IMAGE]       [IMAGE]      [IMAGE] [IMAGE]   [IMAGE]           [IMAGE]   [IMAGE]            [IMAGE]   [IMAGE]            [IMAGE]   [IMAGE]            [IMAGE]   [IMAGE]            [IMAGE]   [IMAGE]            [IMAGE]   [IMAGE]            [IMAGE]   [IMAGE]            [IMAGE]             [IMAGE] [IMAGE]   [IMAGE]            [IMAGE]   [IMAGE]           [IMAGE] [IMAGE]             [IMAGE] [IMAGE]   [IMAGE]          [IMAGE] [IMAGE]     [IMAGE]       AES, Exelon swallow hard and take their medicine Many energy firms suffer from stock price pullback  Splitting into price makers, takers   [IMAGE] [IMAGE]        [IMAGE]   [IMAGE]   [IMAGE] [IMAGE]             [IMAGE] [IMAGE]             [IMAGE] [IMAGE]     [IMAGE]       Judge approves SoCal Ed lawsuit settlement Utility can recoup $3.3 billion  Pacific Gas & Electric wished for similar deal  Creditors unsure their needs will be met   [IMAGE] [IMAGE]        [IMAGE]  [IMAGE]    [IMAGE] [IMAGE]             [IMAGE] [IMAGE]             [IMAGE] [IMAGE]     [IMAGE]       Tax credits lured majors to natural gas Key factor in growth of gas production in 1990s  Coalbed methane recovery surge due to credits   [IMAGE] [IMAGE]        [IMAGE]   [IMAGE]   [IMAGE] [IMAGE]             [IMAGE] [IMAGE]             [IMAGE] [IMAGE]   Atofina, Chevron Phillips to build Qatar refinery full story...   Newfield curtailing natural gas production full story...   Yosemite Concessions to use biodiesel in bus fleet full story...   ChevronTexaco Corp. complete merger full story...   OPEC considering cuts full story...   U.S. power grid operators on highest security alert full story...   DOE supports legislation to improve energy infrastructure security full story...   Burlington Resources agrees to buy Canadian gas firm full story...   Shell and Saudi Aramco in $3.8 billion Equilon and Motiva buyouts full story...   Spanish and South African firms bid for Ugandan power stations full story...   To view all of today's Executive News headlines,  click here               [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE]         [IMAGE] [IMAGE]  Copyright ? 2001 - Platts, All Rights Reserved   [IMAGE]   Market Brief  Tuesday, October 9  Stocks Close Change % Change DJIA 9,052.44 (15.5) -0.17% DJ 15 Util. 315.05 (5.3) -1.65% NASDAQ 1,570.19 (35.76) -2.23% S&P 500 1,055.96 (5.7) -0.54%     Market Vols Close Change % Change AMEX (000) 116,845 (9,148.0) -7.26% NASDAQ (000) 1,521,987 106,931.0  7.56% NYSE (000) 1,173,467 196,836.0  20.15%     Commodities Close Change % Change Crude Oil (Nov) 22.4 0.19  0.86% Heating Oil (Nov) 0.6445 0.003  0.55% Nat. Gas (Henry) 2.385 0.102  4.47% Propane (Nov) 39.75 0.250  0.63% Palo Verde (Nov) 34.00 0.00  0.00% COB (Nov) 31.50 0.00  0.00% PJM (Nov) 28.90 0.00  0.00%     Dollar US $ Close Change % Change Australia $  1.997 0.026  1.32% Canada $   1.565 0.003  0.19% Germany Dmark  2.140 0.012  0.56% Euro   0.9131 (0.008) -0.86% Japan ?en  120.20 0.400  0.33% Mexico NP 9.44 (0.120) -1.26% UK Pound   0.6854 0.0071  1.05%     Foreign Indices Close Change % Change Arg MerVal 213.52 (1.35) -0.63% Austr All Ord. 3,087.70 11.90  0.39% Braz Bovespa 10284.45 189.89  1.88% Can TSE 300  6869.3 (24.94) -0.36% Germany DAX 4472.42 (22.73) -0.51% HK HangSeng 10358.93 391.10  3.92% Japan Nikkei 225  10011.77 (194.10) -1.90% Mexico IPC  5558.86 31.75  0.57% UK FTSE 100 5,009.80 (22.90) -0.46%      Source:  Yahoo! & TradingDay.com    	     [IMAGE]  [IMAGE]  [IMAGE]  [IMAGE]  [IMAGE]   [IMAGE]   [IMAGE]  [IMAGE]   [IMAGE]          [IMAGE]  [IMAGE]   [IMAGE]   [IMAGE]     	  	


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