Platts Energy Bulletin


The daily Energy Bulletin is a showcase of the top headlines posted on
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February 14, 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)

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


Advertisement:
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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 as war jitters continue
NYMEX March crude oil is called to open 26 cts higher at $21.44/bbl Thursday.
April Brent is called to open 29 cts higher at $21.21/bbl. March heating oil is
called to open 65 pts higher at 56.05 cts/gal and March unleaded gasoline is
called to open 64 pts higher at 61.54 cts/gal.

IPE Brent Focus: IPE Brent crude firms Thursday on technical buying
Following the expiry of March futures Wednesday, the new front-month April
contract stood at $21.30/bbl at 1046 GMT, 38 cts higher than the previous day's
settlement. May futures had nudged 17 cts higher to trade at $21.22/bbl at the
same time.


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

OIL:
US Senate panel approves $13-bil energy tax bil
The US Senate Finance Committee Wednesday evening approved a $13.5-bil bill
comprised of energy tax incentives aimed at encouraging oil and gas production,
alternative fuels, conservation and the use of clean coal technology.
(http://www.platts.com/archives.shtml#58951)

NATURAL GAS:
Improvement needed in pipeline safety, Congress told
US government officials told a House panel Wednesday that the Department of
Transportation is doing a better job of promoting pipeline safety, but there is
still much room for improvement. (http://www.platts.com/archives.shtml#58947)

PETROCHEMICALS:
Atofina confirms start-up of new PS unit at Carling, France
Atofina's new 60,000 mt/yr crystal polystyrene plant at Carling, France is
operational although the unit is not yet producing the full range of grades, a
company source said Wednesday. (http://www.platts.com/archives.shtml#58938)

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products and services needed worldwide by companies involved in the generation
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(http://www.mediabrains.com/client/platts/bg1/search.asp)

ELECTRIC POWER:
Combined energy market in Europe by 2010: Accenture
Europe's power and gas markets will be a single energy market by 2010, Michael
Mohnhaupt from consultants Accenture told a conference in Essen, Germany late
Feb 13. (http://www.platts.com/archives.shtml#58974)

NUCLEAR:
NEI downplays terrorist threat to spent fuel shipments
Even at the height of the US Department of Energy?s repository program, spent
fuel shipments would account for less than 1% of the hazardous materials
transports in the US, the Nuclear Energy Institute (NEI) said Feb 13.
(http://www.platts.com/archives.shtml#57283)

COAL:
Essroc Materials seeks coal for plants
Essroc Materials, which has three plants in Pennsylvania, and one each in Speed
(Indiana), Frederick (Maryland), Picton (Ontario) and San Juan, Puerto Rico, has
decided at least for now to buy coal off of the spot market and reduce its
reliance on annual contracts. (http://www.platts.com/archives.shtml#57286)



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



Upcoming Events:

"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)


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)



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