Message-ID: <14260026.1075840150553.JavaMail.evans@thyme> Date: Wed, 18 Apr 2001 15:19:00 -0700 (PDT) From: michelle.o'connell@enron.com To: energynews@peach.ease.lsoft.com Subject: h:Eyeforenergy Briefing Mime-Version: 1.0 Content-Type: text/plain; charset=ANSI_X3.4-1968 Content-Transfer-Encoding: quoted-printable X-From: Michelle O'Connell X-To: ENERGYNEWS X-cc: X-bcc: X-Folder: \jskillin\Inbox X-Origin: SKILLING-J X-FileName: jskillin.pst Please respond to michelle http://www.eyeforenergy.com/newsletter/newsletter_190401.htm [IMAGE]=09[IMAGE]=09=09=09=09[IMAGE][IMAGE][IMAGE] HOME =09 EVENTS =09ADVERTISE =09INDUSTRY DIRECTORY =09[IMAGE]=09[IMAGE]=09 Thursday, April 19, 2001 Issue 26 EDITORIAL It's been a busy few wee= ks It's been a busy two weeks in the energy sector, since our last newslet= ter. The Intercontinental Exchange is rumored to have made an offer for th= e IPE, and NYMEX has started offering new products to compete with IPE's tr= aditional markets. The California energy crisis continues to rack up victi= ms with another utility declaring bankruptcy. Conoco's refinery explosion= has caused a spike in prices, and Enron and Dynergy have both reported rec= ord earnings. As you can imagine with everything going on, we had a hard = time focusing on just one issue for this edition of the Briefing. Instead,= we decided to give you a bit of everything-some e-business news with a loo= k at what NexClear's up to; a look at online trading; and an overview of pr= ivatization efforts in Latin America. So take a look and let us know what = you think-is Latin America the next big growth spot on the energy market? = Is online energy trading going to be the thing that takes the energy sector= from laggard to front-runner in e-commerce adoption? How viable are green= energies-are they the future or just a blip? Let us know. One final not= e. Our American readers will no doubt be aware of next week's Earth Day (o= ur non-American readers might be struck by the irony of Americans celebrati= ng Earth Day considering some of President Bush's recent stances). The ent= ire Eyeforenergy team would like to wish everyone out there a happy, and en= vironmentally friendly Earth Day (and of course take a moment to plug our u= pcoming Green Energy Conference in November-keep your eye out for informati= on; and let you know about our new site we'll be launching in about 2 weeks= : www.eyeforfuelcells.com that will focus on the commercial applications o= f fuel cells) --Allison Robertshaw, Editor CASE STUDY The Race is O= n Basing its business model of its experience in wholesale energy commodi= ty trading in the United States and OTC commodity clearing in Europe, NexCl= ear, Inc., Boulder, Colo., is one of three known companies gunning to be th= e first to offer complete OTC clearing services in the United States "Curr= ently, no one offers OTC clearing product there," says Roger Kristiansen, d= irector of NexClear's European operations. "A few firms, such as the Londo= n Clearinghouse, have introduced limited OTC clearing capabilities, such as= interest swaps, but no firm has yet to offer anything close to a... Click = here for Full Story FOCUS The Battle for Online Energy Markets The= lines are being drawn in the continuing battle over the future of futures = as Atlanta-based Intercontinental Exchange (ICE) made a bid for London's In= ternational Petroleum Exchange (IPE). The offer valued at US $65 million (4= 5 million pound) has apparently won the approval of Man Financial, the brok= erage division of Man Group Plc., which holds 10 percent of the IPE. Oil gi= ant BP is reportedly also in favor of the offer. The offer, as presented t= o IPEs board, is said to comprise a combination of ICE stock, shares in the= merged entity and a new second class of share. IPE's market capitalization= was last valued at ?29.9m ($43m), after shares were suspended on Monday. I= CE is estimated to be worth about $1.3bn.... Click here for Full Story = INSIGHT Insight: Privatization of Latin America The privatization of a= state-owned industry is a development of historic dimension. For many Lati= n America nations, their formerly state owned energy companies represent th= eir largest investment. For much of the world former global giants such as = British Petroleum, British Gas, Petro Canada, Elf Aquatine (France), ENI (I= taly), TOTAL (France) and Reposal (SPAIN), have recently undergone the tran= sition from state ownership to at least partial private ownership. Eye on = the prize With an eye on the prize that could spell billions in new inves= tments, privatization efforts are underway everywhere from the former Sovie= t Union to Latin America. For Latin America, in particular, the move toward= privatization in the electrical power, distribution... Click here for Full= Story ADVERTISEMENT [IMAGE] Landmark Graphics and Petroleum Place --= Accelerating Business Efficiency Landmark Graphics and Petroleum Place D= elivers Enormous Efficiencies within Acquisition and Divestiture. How? Thro= ugh online delivery of data and evaluation tools within an APS environment = to afford dramatic efficiencies for both sellers and buyers. Visit www.pet= roleumplace.com [IMAGE] [IMAGE] [IMAGE] NEWS ROUND UP - WEEK IN REVIEW = Energy and Telecommunication Companies on Convergence Course New York, A= pril 17, 2001---According to a report by KPMG LLP, a majority of energy and= telecommunications have become involved in the convergence of the two indu= stries. "This demonstrates how prevalent the coming together of the indust= ries has become as energy and telecommunications companies compete heavily = for right-of-way ownership of transmission lines and cope with strong regul= atory requirements -- major issues driving the movement toward convergence,= " said... Click here for Full Story Enron, Dynegy Earnings Greater than= Expected in First Quarter April 18, 2001---As wholesale energy trading a= ctivity picked up during the first quarter both Enron and Dynegy posted ear= nings higher than expected. Enron boasted of earnings up 18% from a year a= go. First quarter results were $0.47 up from $0.40 a year ago on revenues o= f $50.1 billion. Enron's first quarter results easily beat Wall Street expe= ctations. According to Thomson Financial/First Call, the analysts' earnings= consensus estimate... Click here for Full Story Atmos Energy Offloads = Applications to Docucorp Dallas, April 17, 2001---Atmos Energy Corp., has= selected Docucorp International to render application service provider (AS= P) hosting for their five utility companies, which produce approximately 2 = million bills per month. "After a lengthy review, we chose Docucorp's ASP = centers to provide bill format, print and mail services, and electronic arc= hival for our operating companies," said Thomas J. Pearson, Atmos Energy's = vice president of customer information and technology. "Docucorp's Dallas A= SP Center... Click here for Full Story Powerline High Speed Internet Ac= cess Comes to Brazil April 13, 2001--- Brazil's Companhia Paranaense de E= nergia (Copel) has inked a deal worth a reportedly US $1 million to bring a= new high-speed solution for domestic Internet connection to the country. = The solution, Powerline Communications (PLC), based on electric power distr= ibution lines, will be used on common ways of interconnection as telephone = lines and cable TV?s networks which will expand the traffic until 2 megabit= s per second, what would be more than 30 times the useful speed of good... = Click here for Full Story DynegyDirect Expands, Adds Hourly Power Produc= ts April 16, 2001---DynegyDirect, the online B2B portal and trading arm o= f Dynegy, Inc., is making hourly power products, to its list of over 700 pr= oducts. Since going live last November, DynegyDirect has recorded more than= $14 billion in notational transactions and now boasts more than 400 regist= ered users. Hourly power markets for on-peak hours will initially be avail= able at major interconnects in the Midwest. As Dynegy's generation portfoli= o expands throughout the country, additional North American hourly products= and locations will be added to Dynegydirect. Similar in operation to mar= ket... Click here for Full Story Smart Port Secures Web Based Transactio= ns and Manageability Houston, April 17, 2001---In a break with the past, = where Web transactions were "secured" by easily cracked passwords, Schlumbe= rger has released their Smart Port solution. Schlumberger Network Solutions= , Smart Port provides authentication, privacy and authorization for online = transactions, permitting businesses to safely conduct virtual transactions = while leveraging substantial investments in Internet software and hardware.= In addition to security features, Smart Port provides authorization and u= ser management features. It also provides users with flexibility in how the= y utilize Web resources. Smart Port is currently offered as a fully managed= solution, with back-end hardware securely locked in a room accessible only= ... Click here for Full Story German EEX Power Exchange Introduces New M= embers Two new trading participants have been added to the electricity = futures exchange. Frankfurt based European Energy Exchange (EEF), launched = in March, has added Municipal utility Stadtwerke Duesseldorf and Mannheim-b= ased MVV Energie (MVVG.DE> join the Hannover municipal supplier on the deri= vatives... Click here for Full Story Swedish Power Companies Power 3G Mo= bil Telephony Sweden's state owned broadcasting transmitter service's p= rovider, Teracom, has formed a consortium with four other power companies t= o offer infrastructure for third generation mobile telephony. Teracom said= in a statement the group would provide transmission capacity to the 10,000= base stations... Click here for Full Story Latest News Now! [IMAG= E] EDITORIAL [IMAGE] It's been a busy few weeks ARTICLES [IMAGE] The= Race is On [IMAGE] The Battle for Online Energy Markets [IMAGE] Insight: P= rivatization of Latin America NEWS ROUND UP [IMAGE] Energy and Telecommu= nication Companies on Convergence Course [IMAGE] Enron, Dynegy Earnings Gr= eater than Expected in First Quarter [IMAGE] Atmos Energy Offloads Applica= tions to Docucorp [IMAGE] Powerline High Speed Internet Access Comes to Br= azil [IMAGE] DynegyDirect Expands, Adds Hourly Power Products [IMAGE] Sma= rt Port Secures Web Based Transactions and Manageability [IMAGE] German EE= X Power Exchange Introduces New Members [IMAGE] Swedish Power Companies Po= wer 3G Mobil Telephony EVENTS [IMAGE] Eyeforenergy Latin America [IMA= GE] Energy Exchange Online [IMAGE] Eyeforenergy Asia SUBSCRIBE Ple= ase enter your email address below to subscribe to the EyeForEnergy newslet= ter. Thank you UNSUBSCRIBE To unsubscribe from the EyeForEnergy new= sletter please enter your email below. Thank you If you have any comm= ents about this newsletter or you would like to suggest future topics or in= dustry related news, please email moconnell@eyeforenergy.com [IMAGE] = =09