Message-ID: <16948644.1075860871185.JavaMail.evans@thyme> Date: Wed, 6 Mar 2002 07:10:34 -0800 (PST) From: energybulletin@platts.com To: platts@listserv.platts.com Subject: Platts Energy Bulletin Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: energybulletin@PLATTS.COM X-To: PLATTS@LISTSERV.PLATTS.COM X-cc: X-bcc: X-Folder: \Kevin_Hyatt_Mar2002\Hyatt, Kevin\Deleted Items X-Origin: Hyatt-K X-FileName: khyatt (Non-Privileged).pst 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. March 6, 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) S&P: Examining the Cost of Merchant Generating Plants - Property Taxes: This article explores in depth the fixed cost structure of merchant power plants to enhance the transparency of Standard & Poor's net revenue analysis. (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) Mark-to-market coming under scrutiny Enron Corp's supernova-like flameout has drawn attention to the inherent quirks of mark-to-market accounting. While Enron certainly was a mark-to-market abuser, the question now is how to prevent other companies from abusing hypothetical future contract values and booking spurious cash flow in the present. (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 lower on bearish DOE stock build April crude oil on NYMEX is called to open 55 cts lower at $22.62/bbl. April unleaded gasoline is called to open 19 pts lower at 72.91 cts/gal and April heating oil is called to open 54 pts lower at 59.60 cts/gal. IPE Brent Focus: IPE Brent crude trades lower, correcting initial gains Front-month April Brent stood at $22.70/bbl at 1117 GMT, 9 cts off from Tuesday's close, having peaked at $23/bbl earlier. News Round-up Click on the headlines below or paste the URLs provided in your internet browser to see the full story. OIL: Oman says ready to extend oil output cuts to year-end Gulf oil producer Oman is ready to extend its 40,000 b/d crude output cut to the end of the year if necessary as part of continued cooperation with OPEC and other independent producers, oil minister Mohammed al-Rumhy said Wednesday. (http://www.platts.com/archives.shtml#59764) NATURAL GAS: BHP Billiton to develop Pakistan's Zamzama gas field Australian resources giant BHP Billiton Wednesday said it would proceed with the phase one development of the Zamzama gas field in southern Pakistan, which has been producing under an extended well test since March 2001. (http://www.platts.com/archives.shtml#59746) PETROCHEMICALS: ExxonMobil eyes ethylene elastomers for future growth ExxonMobil sees new developments in ethylene elastomers as the next avenue for pursuing its strategic growth through the commercialization of product lines. (http://www.platts.com/archives.shtml#59743) 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 FTC gets sole antitrust review authority over mergers The US Federal Trade Commission would have sole responsibility for reviewing all energy industry mergers, under an agreement announced Tuesday with the Department of Justice dividing merger review and antitrust investigations according to industry sector. (http://www.platts.com/archives.shtml#59729) NUCLEAR: Belgium takes step toward killing nuclear power Belgium has taken a decisive step toward ending nuclear power generation in that country.The executive adopted a draft law Mar 1 aimed at shutting the country's seven reactors after 40 years of operations and at barring the construction of new nuclear generating capacity. (http://www.platts.com/archives.shtml#59728) COAL: Department of Energy offers $330-mil in coal funding With an initial offer of $330-mil in federal matching funds, "the initial competitive stage of President Bush?s $2-bil, 10-year clean coal technology initiative officially begins," according to the Department of Energy. (http://www.platts.com/archives.shtml#57286) BANDWIDTH: FCC chairman defends competitive landscape; says content is not compelling Although he acknowledged a "severe depression" in the telecommunications industry, Michael Powell, chairman of the Federal Communications Commission, refused Monday to subscribe to the notion that there is no competition among broadband providers. (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. Have you secured your space at the conference? Rooms are going fast, so register today! Presented by Platts Global Power Report and Global Energy Business, this 17-year-old summit draws nearly 800 top-level executives, including power generation developers, bankers, equipment vendors, fuel and service providers, and consultants. For years it has been know as THE place to be if you're in search of vital information and key business contacts. For more information or to register, please visit our website: 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. 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