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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: Dec. 18, 2001     [IMAGE]      [IMAGE]   [IMAGE]    [IMAGE] [IMAGE] [IMAGE]           Hydro relicensing case pits dam owner against power purchaser  Reflecting twin scarcities-water and power-hydroelectric projects in the Pacific Northwest are becoming increasingly hot properties. They generate low-cost, renewable power and do it with the operational flexibility crucial to meeting... [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]       Energy companies hit by investor fears of illiquidity Enron collapse scares industry, investors   Investors scrutinizing new deals    [IMAGE] [IMAGE]        [IMAGE]   [IMAGE]   [IMAGE] [IMAGE]             [IMAGE] [IMAGE]             [IMAGE] [IMAGE]     [IMAGE]       Enron auditor, SEC official admit failures Enron withheld vital information  Analysts were slow to drop coverage   [IMAGE] [IMAGE]        [IMAGE]  [IMAGE]    [IMAGE] [IMAGE]             [IMAGE] [IMAGE]             [IMAGE] [IMAGE]     [IMAGE]       Power crisis delays decision on Snake River dams Army recommends against breaching  Dam adaptation deemed adequate to protect salmon   [IMAGE] [IMAGE]        [IMAGE]   [IMAGE]   [IMAGE] [IMAGE]             [IMAGE] [IMAGE]             [IMAGE] [IMAGE]   SoCal employees file suit, allege no overtime compensation full story...   Cuba sanctions block promising energy projects full story...   FPL to build N.Y. peaking plant full story...   Unitil eyes joining New Hampshire utilities, rate cuts full story...   Marketer claims NU subsidiary failed to pay for power full story...   Kentucky governor extends power plant moratorium full story...   Downgrade prompts Dynegy to strengthen balance sheet full story...   Calpine says 'junk' status won't hurt full story...   Enron targets trading business auction for January full story...   Rep. Barton postpones electricity bill markup 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   Monday, December 17 Stocks Close Change % Change DJIA 9,891.97 80.8  0.82% DJ 15 Util. 275.25 (2.9) -1.04% NASDAQ 1,987.45 34.28  1.76% S&P 500 1,134.36 11.3  1.00%     Market Vols Close Change % Change AMEX (000) 124,861 (9,996.0) -7.41% NASDAQ (000) 1,827,454 (66,156.0) -3.49% NYSE (000) 1,236,589 (65,941.0) -5.06%     Commodities Close Change % Change Crude Oil (Jan) 19.15 (0.14) -0.73% Heating Oil (Jan) 0.536 (0.006) -1.20% Nat. Gas (Henry) 2.69 (0.156) -5.48% Propane (Jan) 31.75 1.25  4.10% Palo Verde (Jan) 28.00 0.00  0.00% COB (Jan) 28.25 0.00  0.00% PJM (Jan) 30.60 (0.40) -1.29%     Dollar US $ Close Change % Change Australia $  1.931 0.006  0.31% Canada $   1.57 0.004  0.26% Germany Dmark  2.17 0.002  0.09% Euro   0.9035 (0.001) -0.07% Japan ?en  127.6 0.300  0.24% Mexico NP 9.1 0.000  0.00% UK Pound   0.6851 (0.0020) -0.29%     Foreign Indices Close Change % Change Arg MerVal 256.57 3.90  1.54% Austr All Ord. 3,236.00 (1.70) -0.05% Braz Bovespa 12912.06 (47.11) -0.36% Can TSE 300  7515.40 89.70  1.21% Germany DAX 5067.99 158.57  3.23% HK HangSeng 11465.78 (0.33) 0.00% Japan Nikkei 225  10323.35 (188.30) -1.79% Mexico IPC  6271.49 132.42  2.16% UK FTSE 100 5,136.30 75.30  1.49%        Source:  Yahoo!, TradingDay.com and NYMEX.com  	     [IMAGE]  [IMAGE]  [IMAGE]  [IMAGE]  [IMAGE]   [IMAGE]   [IMAGE]  [IMAGE]   [IMAGE]          [IMAGE]  [IMAGE]   [IMAGE]   [IMAGE]     	  	


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