Power Plant Development Update/New Economic Life for Shut-in Well

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In Energy Insight for Tuesday, August 29
In Energy Insight Today (Blue Banner, all subscribers)
Power plant developers shake off the dog days of summer with plans for
another 15,000 MW of generating capacity. Check out the latest update to
Energy Insight's power plant development Market Indicator at
http://www.einsight.com. While you're at it, browse through Energy Insight's
other updated Market Indicators, including domestic and international M&A
activity, power plant sale list and European restructuring scorecard. Look
for the Market Indicators link under the blue banner story on Energy
Insight's front page.

In Energy Insight 2000 (Red Banner, premium-pay access only)
Energy Insight Fuels: High prices for oil and natural gas may give new
economic life to shut-in wells, which offer not only an in-place reserve of
fuel, but a hedging strategy for producers as well. Read details at
http://www.einsight.com.

For subscription information to Energy Insight 2000, call in the U.S.
720-548-5429 or e-mail einsightsales@ftenergy.com.

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News Brief:
+TXU Europe puts gas assets up for sale
FT Energy's Gas Daily Europe reports that TXU Europe is putting its North
Sea gas assets up for sale. The utility confirmed today that is in
"preliminary talks" with a number of third parties, but stressed it was
"very early days". The move follows "a number of unsolicited expressions of
interests" in the business, including its operatorship. TXU said it is
reviewing this part of its business and will only decide whether to sell at
its conclusion. It has not set a deadline for the review.

A source inside the company was not surprised at the review: "The business
has changed a lot in the last year." TXU has already put up its UK
generation assets for sale, and this latest move to divest gas assets could
mark a shift in strategy to focus on trading and retailing. Some analysts
believe that assets no longer give "competitive advantage" to energy
companies, as the focus shifts towards the end-user and convergence of gas
and electricity.

TXU's principal production assets comprise the operating licence and 64.2%
of the 83bn ft? Johnston gas field, plus 14.75% of the 33bn ft? Ravenspurn
North field, 11.24% of the 5bn ft? Welland field and 4.83% of the 17bn ft?
Schooner field. It also has a number of upstream exploration licences and
interests in pipelines.
/////////////////
Market Brief Monday August 28
Stocks Close Change % Change
DJIA 11,252.84 60.2 0.5
DJ 15 Util. 361.12 5.2 1.5
NASDAQ 4,070.59 27.9 0.7
S&P 500 1,514.09 7.6 0.5

Market Vols Close Change % Change
AMEX (000) 48,238 6,085.0 12.6
NASDAQ (000) 1,373,111 86,691.0 6.3
NYSE (000) 728,653 51,884.0 7.1

Commodities Close Change % Change
Crude Oil (Oct) 32.87 0.84 2.56
Heating Oil (Sep) 0.9988 0.03 2.94
Nat. Gas (Henry) 4.685 0.06 1.22
Palo Verde (Sep) 162 (14.00) (8.64)
COB (Sep) 185 (7.50) (4.05)
PJM (Sep) 38 2.25 5.92

Dollar US $ Close Change % Change
Australia $ 1.750 0.01 0.61
Canada $ 1.483 (0.00) (0.13)
Germany Dmark 2.172 0.01 0.23
Euro 0.8993 (0.00) (0.26)
Japan _en 106.44 (0.59) (0.56)
Mexico NP 9.22 (0.01) (0.10)
UK Pound 0.6802 0.00 0.04

Foreign Indices Close Change % Change
Arg MerVal 475.31 0.07 0.01
Austr All Ord. 3,322.70 (3.60) (0.11)
Braz Bovespa 17,460.33 (182.34) (1.04)
Can TSE 300 11,224.45 (21.59) (0.19)
Germany DAX 7,339.22 32.05 0.44
HK HangSeng 17,019.76 (216.98) (1.27)
Japan Nikkei 225 17,181.12 269.79 1.57
Mexico IPC 6,226.37 45.22 0.73
UK FTSE 100 6,563.71 0.00 0.00
Source: Yahoo! and NYMEX