Message-ID: <25643083.1075860753940.JavaMail.evans@thyme> Date: Mon, 4 Feb 2002 11:23:42 -0800 (PST) From: news@eyeforenergy.com To: darrell.schoolcraft@enron.com Subject: Eyeforenergy Briefing Mime-Version: 1.0 Content-Type: text/plain; charset=ANSI_X3.4-1968 Content-Transfer-Encoding: quoted-printable X-From: "Eyeforenergy" X-To: Schoolcraft, Darrell X-cc: X-bcc: X-Folder: \Darrell_Schoolcraft_Mar2002\Schoolcraft, Darrell\Inbox\Junk X-Origin: Schoolcraft-D X-FileName: dschool (Non-Privileged).pst =09=09=09=09=09=09=09 =09=09=09=09=09=09=09 Please find below a sample copy of the most recent Eyeforenergy Briefing= , which is sent every two weeks to anyone in the energy industry who are in= terested in news, features and interviews about everything from e-business = and energy deregulation to risk management, online energy trading, renewabl= e energy, emissions and weather derivative trading. IMPORTANT: You are cur= rently subscribed as darrell.schoolcraft@enron.com to receive this FREE Bri= efing each week in HTML format, with the next issue being published on the = 7th February. If you wish to change your subscription to Text Only, please= click here. If you wish to OPT OUT of this list, simply click here at any= time to ensure that you do not receive further mailings. Monday, Februar= y 4, 2002 Issue 45 (sample copy) It remains an interesting time for th= e energy sector... In a scenario vaguely reminiscent of the California e= nergy crisis, most of the news focuses around one big story- the continuing= Enron saga. There's no lack of stories about the Enron disaster, and each= one seems to be more dire than the last. With Congressional probes, secur= ity guards posted at Enron's headquarters and the recent sacking of an Ande= rsen partner, it looks like the story's still got a way to play out. You c= an keep up with all the latest including Al Massey's ongoing articles and i= nterviews at Eyeforenergy. We've got a packed briefing for you this week.= After focusing the last few editions on the developments surrounding dere= gulation and energy trading in both the US and Europe, we're taking a close= r look at two other issues of interest to the energy community-emissions an= d weather. Two of the articles below focus on the growing market in emissi= ons trading-the first a look at the market, how it's developing, where the = money's to be made, and the second article takes a closer look at the regul= ations governing the market. We've also got an article on the latest devel= opments in weather trading which seems to be a growing part of many energy = traders portfolios and is increasingly popping up on Risk Managers' radar s= creens. All these articles serve as an excellent segue into a few announc= ements here at Eyeforenergy. Just a quick reminder about the upcoming Euro= pean Energy, Weather and Emissions Trading conferences in mid-February. We= 're quickly running out of hotel space, so if you're planning on registerin= g make sure to do it soon before space runs out. Also, we're issuing a cal= l for papers for our upcoming Emissions Trading show in the US... if you'd = like to get involved drop our conference Director, Sarah Robinson a line at= srobinson@eyeforenergy.com. --Allison Robertshaw, Editor Emissio= ns Trading: The Emerging Market Mention greenhouse gas (GHG) today and y= ou conjure up images of shrinking polar ice caps, rising oceans, depleted r= ain forests, expanding deserts and even rising crime rates. Although there = is still much dissension among the ranks of scientists and environmentalist= s as to the impact GHG has on the environment, there can be little doubt th= e earth's climate is predicted to change because human activities are alter= ing the chemical composition of the atmosphere through the buildup of green= house gases - primarily carbon dioxide, methane, and nitrous oxide. The he= at-trapping property of these gases is undisputed. Although uncertainty exi= sts about exactly how earth's climate responds to these gases, global tempe= ratures are rising. In recognition of the role greenhouse gas plays in glob= al warming and climatic change, representatives of more than... Click here = for Full Story Energy Policy in the U.S. They say Washington is a town= of give and take. The second session of the 107th Congress will resume lat= er this month, and it is scheduled to take up the nation's energy policy le= gislation in February. These actions will amend the 1992 Energy Policy Act= ; renewable energy and climate change sections will probably be debated wit= h significant vigor... Click here for Full Story Energy and Weather,= an Explosive Combination With threats of a new El Ni?o forming in the t= ropical Pacific, predictions of warmer weather, where it is supposed to be = cold and colder weather where it is supposed to warm, a new star is born, t= he meteorologist. Faced with paper-thin profit margins in a highly competit= ive market, risk managers have come to rely on meteorologist and weather fo= recasters as their secret weapon in developing strategies to keep their com= panies from being held hostage by the weather. Weather forecasting is some= thing akin to a black art, worthy of Merlin the Magician, for most of today= 's executives. Few can predict the impact each degree higher or lower than = the expected temperature, will have on their company's financial statement.= Fewer still have the skills necessary... Click here for Full Story Despi= te the stance of the Bush Administration, state and industry action suggest= s a growing interest in greenhouse gas trading opportunities in the U.S. = Expect to see "Bush" and "Kyoto" back in the headlines as the U.S. Adminis= tration prepares to unveil its alternative plan for controlling greenhouse = gas (GHG) emissions. In March 2001, the Bush Administration announced that= it would be abandoning the Kyoto Protocol, suggesting that the treaty was = "fatally flawed" and would harm the U.S. economy. Despite protest from Eur= ope, Japan, and other proponents of the treaty, the Administration has stuc= k to its decision. So for those of you that are anxiously anticipating the= start of a vibrant, global market in the trade of greenhouse gas emissions= , with the largest potential buyer participating... Click here for Full Sto= ry Montel offers one of the most widely used information services in= the northern European power markets. A pioneer in the Nordic market, more = than 600 companies throughout Europe now rely on the Montel Internet Servic= e as an indispensable source for power markets data. Montel provides the f= ollowing services - and more: Montel Internet Service - real time prices, = news and fundamental data Powerchart.org - technical analysis for the power= markets Powernews.org - the European energy news provider Conferences and = seminars Intra- and Extranet solutions tailor-made for European power compa= nies Content-on-demand Visit our website here Energy Exchanges Online E= urope: Energy Trading in the New Economy Places are filling up fast to att= end next month's Energy Exchanges Online conference in Amsterdam (19-21 Feb= ruary). Recent efforts at deregulating the energy market in the European Un= ion, combined with the rise of online energy exchanges, is set to make the = next few months one of the most challenging and opportunity-filled periods = the energy sector has seen. This event, now in its 3rd year, is THE confer= ence where the European Energy industry talks about the business of energy = trading. Speakers will include: Dynegy, Altra Energy, OM, Powergen, Bergen= -energi, Amsterdam Power Exchange, RWE Trading, ENDESA, The Utilities Excha= nge, El Paso, SchlumbergerSema, TXU, and many more. Click here to view the= full conference programme. Debate over Global Warming Heating Up J= anuary 2, 2002--- New Zealand's Business Roundtable has come out against th= e government ratifying the Kyoto Protocol on climate change while the minis= ter, Pete Hodgson, has given more reasons why it should be done sooner rath= er than later. In article just released, Mr Hodgson says New Zealand produ= ces less than 0.2 per cent of world emissions but emissions per person are = the fourth highest in the developed world, including large methane emission= s from farming. Carbon dioxide emissions have increased faster than the = population... Click here for Full Story Environmentalists Push for GHG Re= gulations January 24, 2002----In what is shaping up t be a last ditch du= el, pitting the oil and auto industries against environmental groups, battl= e lines are being drawn as California seeks to become the first state to re= gulate greenhouse gas emissions from cars. The one-page measure would orde= r the Air Resources Board to lower the amount of carbon dioxide -- one of s= everal greenhouse gases -- spewing from the tailpipes of California's 29 mi= llion cars and light trucks. If the bill doesn't pass the Assembly befor= e the end of the month, it dies.... Click here for Full Story Lay Out at = Enron January 24, 2002--- In an announcement that was met with surprise = by some but inevitable by close observers Kenneth Lay resigned his post as = CEO of embattled Enron late yesterday. Defiant in the face of mounting pres= sures from ex-employees and creditors, Lay said the bankrupt energy trader = needs a fresh leader to turn the company around. Lay, faced widening crimi= nal and political investigations, finally agreed with creditors that the co= mpany needed new leadership, if it is to emerge from bankruptcy. As more= than a dozen regulators and congressional committees line up to take their= shots at him, Enron spokesman Vance Meyer... Click here for Full Story A= ustralian Companies Face Fines over GHG January 23, 2002---New South Wal= es is set to become the first state to establish compulsory greenhouse emis= sion standards for its power industry. The Premier, Bob Carr, set the wheel= s in motion with a position paper that aims to end a failed voluntary schem= e, under which standards have gone backwards, and replace it with a compuls= ory one which would fine companies if they did not comply. The scheme, whi= ch could start as early as July, will almost certainly mean increased elect= ricity bills for consumers, although the Government insists the increase wi= ll be small. Mr Carr will also release a report by the Independent Pricin= g and Regulatory Tribunal that says power firms have... Click here for Full= Story U.S. Close to Kyoto Alternative January 22, 2002---After receiv= ing mounting criticism for pulling out of the Kyoto Protocol, the United St= ates is close to formulating an alternative plan on global warming that str= esses containing greenhouse gas emissions rather than cutting them, sources= close to the government said Saturday. But the initiative to be put forwa= rd by the world's largest emitter of greenhouse gases is likely to spark fu= rther international criticism as it links emission cuts to economic growth = rates and fails to require companies to carry out reductions. The plan, = expected to be announced as early... Click here for Full Story Dutch Anno= unce $40 Million CO2 Plan January 22, 20022---The Dutch government has i= nked an three-year $40 million contract with the World Bank's International= Finance Corporation (IFC) will also provide the Netherlands with credits t= oward its carbon dioxide (CO2) reduction target laid out in the Kyoto treat= y to trim greenhouse gas emissions. In signing the deal, Environment Minis= try spokeswoman Babette Graber said, "We are now the first country to use s= tate money to buy C02 (credits)." She added, "The IFC will identify and sel= ect the projects in developing countries." Under the Kyoto treaty, indust= rialized nations must cut emissions... Click here for Full Story Enron's = Blame Game Continues; Andersen Points Finger at Company's Business Model = January 22, 2002---The dot-com meltdown and the Enron debacle are combinin= g to make Sir Walter Scott's old adage "Oh what a tangled web we weave, Whe= n first we practice to deceive," a metaphor for the 21st Century. Like sc= hoolboys on the playground the Enron saga is full of charges, counter charg= es, finger pointing and blame. The blame game continued in full force Sunda= y as the head of Arthur Andersen blamed the energy company's business model= as the source of its failure. "An important point here is... Click here = for Full Story Latest News Now! It remains an interesting t= ime for the energy sector... Emissions Trading: The Emerging Market E= nergy Policy in the U.S. Energy and Weather, an Explosive Combination Des= pite the stance of the Bush Administration, state and industry action sugge= sts a growing interest in greenhouse gas trading opportunities in the U.S. = Debate over Global Warming Heating Up Environmentalists Push for GH= G Regulations Lay Out at Enron Australian Companies Face Fines over G= HG U.S. Close to Kyoto Alternative Dutch Announce $40 Million CO2 Pla= n Enron's Blame Game Continues; Andersen Points Finger at Company's Busi= ness Model Energy Exchanges Online Europe Emissions Trading Eur= ope 2002 Weather Trading Europe 2002 Energy Exchanges Online III (= new) Please enter your email address below to subscribe to the Eye= ForEnergy newsletter. Thank you To unsubscribe from the EyeForEn= ergy newsletter please enter your email below. Thank you If you hav= e any comments about this newsletter or you would like to suggest future t= opics or industry related news, please email webmaster@eyeforenergy.com = =09