Message-ID: <29295784.1075855476773.JavaMail.evans@thyme> Date: Tue, 31 Oct 2000 22:52:00 -0800 (PST) From: enerfax1@bellsouth.net To: enerfaxweb@egroups.com Subject: Enerfax Daily's free web version of gas & power prices and info Fw: Click and go to http://www.enerfax.com if can not view properly.htm Mime-Version: 1.0 Content-Type: text/plain; charset=ANSI_X3.4-1968 Content-Transfer-Encoding: 7bit X-From: "fastaccess" X-To: X-cc: X-bcc: X-Folder: \Frank_Ermis_Dec2000\Notes Folders\All documents X-Origin: Ermis-F X-FileName: fermis.nsf ? Subject: Click and go to http://www.enerfax.com if can not view properly.htm ? [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] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] Click here for a daily email link Enerfax Daily [IMAGE] [IMAGE] Enerfax Daily? -? Page ? -? October 31, 2000? -? ? Need a Past Issue -Click Here [IMAGE] [IMAGE] [IMAGE] Enerfax Daily? -? Page ? -? October 31, 2000 [IMAGE] [IMAGE] [IMAGE] [IMAGE] Enerfax Daily? -? Page ? -? October 31, 2000 [IMAGE] [IMAGE] Enerfax Daily? -? Page 6? -? October 31, 2000 [IMAGE] Public Offered Units of Williams Energy Partners ? ? Williams will offer the public a 32% stake in its Williams Energy Partners petroleum storage and distribution partnership. Williams Energy Partners filed with the SEC to register 3.75 million common units, which will be listed on the NYSE under the symbol 'WEG'. Williams will own 68% of the Williams Energy partnership after the sale. The partnership consists of four petroleum products terminals along the Gulf Coast and the New York harbor, 24 inland petroleum product terminals and an ammonia pipeline. Lehman Brothers will underwrite the sale which is expected to begin next January. The estimated total proceeds would be about $90 million if the underwriters exercise an option to sell an additional 562,500 units if needed to meet investor demand. If that overallotment option is exercised, the public would have a 37% stake in the partnership. The four marine terminals have a storage capacity of more than 17.6 million barrels. The 1,100 mile-long pipeline transports and distributes ammonia from production facilities in Texas and Oklahoma to various distribution points. Ammonia is produced from natural gas and is used primarily as a nitrogen fertilizer. Williams did not name an individual price for the common units. It would expect to receive net proceeds of about $70 million from the sale of the 3.75 million common units, based on a? unit price of $20. WEG will use the proceeds, together with $90 million from its line of credit, to repay $156 million of debt owned to Williams. Williams Energy will offer holders of the units a quarterly distribution of $0.52 per unit each quarter. Last week, Williams said third-quarter profit more than quadrupled, beating estimates. [IMAGE] [IMAGE] Enerfax Daily? -? Page 7? -? October 31, 2000 [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] For more information, please Contact Ron Ford at Ziff Energy Group, Houston, TX (713) 627-8282 or Toll Free: 1-888-736-5780 Also, visit our web-site, www.ziffenergy.com, to review our Brochure. [IMAGE] [IMAGE] DTE, MCN Merger to Close Next Year ? ? DTE Energy Holding says it is unlikely that the merger with MCN Energy Group will close this year. The delay is due to the companies' decision to sell a portion of MCN's natural gas distribution capacity to a unit of Exelon, which is subject to Michigan PSC review. [IMAGE] Financial Summary [IMAGE] [IMAGE] The TSE 300 fell 68.80 points to 9253.10 The CRB Index lost 0.88 points to 218.38 The US Dollar decreased 0.16 points to 117.14 The Dow advanced 244.77 points to 10835.77 The S&P 500 gained 19.07 points to 1398.65 The Nasdaq was down 87.02 points to 3191.34 December NYMEX Crude Oil rose 0.07 to 32.81 Canadian-US Exchange climbed .0038 to 1.5310 ")} TC [IMAGE] - blnk.gif - img17.gif - img18.gif - img19.gif - img20.gif - img3.gif - img21.gif - img8.gif - img22.gif - img23.gif - img24.gif - img25.gif - img26.gif - img27.gif - img28.gif - img29.gif - img30.gif - img31.gif - img32.gif - id=1381847 - img33.gif