Message-ID: <32099977.1075852300996.JavaMail.evans@thyme> Date: Tue, 9 Oct 2001 16:23:37 -0700 (PDT) From: ei_editor@ftenergy.com To: einsighthtml@list1.resdata.com Subject: Jumping the gun on carbon trading Mime-Version: 1.0 Content-Type: text/plain; charset=ANSI_X3.4-1968 Content-Transfer-Encoding: quoted-printable X-From: Energy Insight Editor @ENRON X-To: EINSIGHTHTML@LIST1.RESDATA.COM X-cc: X-bcc: X-Folder: \ESAIBI (Non-Privileged)\Saibi, Eric\Inbox X-Origin: SAIBI-E X-FileName: ESAIBI (Non-Privileged).pst =20 [IMAGE]=09 [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [I= MAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] =09 [IMAGE]= [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [I= MAGE] [IMAGE] [IMAGE] Updated: Oct. 10, 2001 [IMAGE] [IMA= GE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] Jumping the gun on carbo= n 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 exch= ange," similar to the current market for sulfur oxide (SOx) and nitrogen ox= ide (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 s= wallow hard and take their medicine Many energy firms suffer from stock pri= ce pullback Splitting into price makers, takers [IMAGE] [IMAGE] [= IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] = [IMAGE] [IMAGE] [IMAGE] Judge approves SoCal Ed lawsuit settlemen= t Utility can recoup $3.3 billion Pacific Gas & Electric wished for simila= r 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 K= ey factor in growth of gas production in 1990s Coalbed methane recovery su= rge due to credits [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IM= AGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] Atofina, Che= vron Phillips to build Qatar refinery full story... Newfield curtailing n= atural gas production full story... Yosemite Concessions to use biodiesel= in bus fleet full story... ChevronTexaco Corp. complete merger full stor= y... OPEC considering cuts full story... U.S. power grid operators on h= ighest security alert full story... DOE supports legislation to improve e= nergy infrastructure security full story... Burlington Resources agrees t= o buy Canadian gas firm full story... Shell and Saudi Aramco in $3.8 bill= ion Equilon and Motiva buyouts full story... Spanish and South African fi= rms bid for Ugandan power stations full story... To view all of today's E= xecutive News headlines, click here [IMAGE] [IMAGE] [IMAGE] = [IMAGE] [IMAGE] [IMAGE] [IMAGE] Copyright ? 2001 - Platts, All Rig= hts Reserved [IMAGE] Market Brief Tuesday, October 9 Stocks Close Cha= nge % Change DJIA 9,052.44 (15.5) -0.17% DJ 15 Util. 315.05 (5.3) -1.65% NA= SDAQ 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) 1,52= 1,987 106,931.0 7.56% NYSE (000) 1,173,467 196,836.0 20.15% Commoditi= es 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) 39.7= 5 0.250 0.63% Palo Verde (Nov) 34.00 0.00 0.00% COB (Nov) 31.50 0.00 0.0= 0% PJM (Nov) 28.90 0.00 0.00% Dollar US $ Close Change % Change Austra= lia $ 1.997 0.026 1.32% Canada $ 1.565 0.003 0.19% Germany Dmark 2.14= 0 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 I= ndices 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 300 686= 9.3 (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 5558.8= 6 31.75 0.57% UK FTSE 100 5,009.80 (22.90) -0.46% Source: Yahoo! & T= radingDay.com =09 [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMA= GE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMA= GE] =09 =09 - bug_black.gif=20 - Market briefs.xls