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Enerfax Daily NORTH AMERICA'S FREE POWER AND GAS INFORMATION SOURCE Monday, June 24 2002 No. 1015 http://www.enerfax.com/ PHYSICAL NATURAL GAS PRICES Gulf/Eastern Region | Agua Dulce | 3.05 | | ANR SE | 3.11 | | Carthage (E.Tex) | 3.10 | | Chicago Citygate | 3.16 | | Columbia Gulf Onshore | 3.15 | | Dominion South Point | 3.39 | | Henry Hub | 3.17 | | Houston Ship Channel | 3.17 | | Katy /Exxon | 3.14 | | NGPL LA Pool | 3.11 | | NGPL - Midcontinent | 2.89 | | NGPL STX | 3.07 | | NGPL TX/OK (E.) | 3.07 | | NNG Demarc. | 2.84 | | Niagara | 3.24 | | PEPL | 2.89 | | Sonat Tier 1 | 3.11 | | TCO IPP Pool | 3.38 | | Tetco ELa | 3.12 | | Tetco M-3 | 3.47 | | Tetco STX | 3.06 | | TGP Zone 0 | 3.08 | | TGP Zone 1 (500 Leg) | 3.12 | | TGT Zone SL | 3.15 | | New York Citygate | 3.53 | | Transco Station 65 | 3.19 | | Transco Zone 6 (NY) | 3.53 | | Trunk E.La | 3.06 | | Western Region | California Border | 3.02 | | El Paso Keystone (Permian) | 2.90 | | El Paso Blanco (San Juan) | 2.40 | | Waha Hub | 2.97 | | Canadian/Rockies Region | Nova/Aeco (C$/gig) | 2.77 | | Dawn Hub/Union | 3.15 | | Northwest Stanfield | 2.12 | | Wyoming Pool | 1.00 | | Opal | 0.94 | | PGT-Malin | 2.46 | | Sumas | 1.80 | Flow Dates 6/22-24 Looking for free daily natural gas basis and oil prices? Click here to subscribe or write enerfaxgold-subscribe@egroups.com. http://www.enerfaxgold.com/ -------------------------------------------------------------- Caminus: Your Competitive Edge in Energy. Exploit the enterprise-wide transaction management power deployed by the big names in gas Caminus Gas, Caminus Pipeline, GasMaster and Nucleus. Call Caminus at (212) 515-3700 or visit the website at http://www.caminus.com/ or CLICK HERE ------------------------------------------------------------- NATURAL GAS FUTURES 12 Month Strip 3.6730 +0.0225 18 Month Strip 3.7804 +0.0251 | Month | High | Low | Close | Change | | JUL | 3.250 | 3.160 | 3.237 | +0.021 | | AUG | 3.310 | 3.220 | 3.294 | +0.018 | | SEP | 3.330 | 3.250 | 3.324 | +0.017 | | OCT | 3.375 | 3.300 | 3.361 | +0.012 | | NOV | 3.665 | 3.595 | 3.661 | +0.017 | | DEC | 3.926 | 3.850 | 3.926 | +0.022 | | JAN | 4.026 | 3.955 | 4.026 | +0.022 | | FEB | 3.990 | 3.920 | 3.973 | +0.022 | | MAR | 3.910 | 3.820 | 3.896 | +0.025 | | APR | 3.791 | 3.760 | 3.791 | +0.030 | | MAY | 3.780 | 3.740 | 3.776 | +0.032 | | JUN | 3.815 | 3.770 | 3.811 | +0.032 | ------------------------------------------------------------- Natural Gas Futures End Up on Local Short-Covering Natural gas for July delivery on the NYMEX settled up $0.021 Friday at $3.237 per MMBtu, boosted by late short-covering by locals. The August contract gained $0.018 to $3.294 per MMBtu. Weather forecasts today will determine whether physical prices can rise to support any futures rally, if not the market will likely test $3.00 this week. Spreads will dominate the market the closer the July contract gets to expiration. Funds turned dramatically short in most recent Commitments of Traders Report from the Commodity Futures Trading Commission. Crude oil prices for the new front August contract fell $0.13 Friday to $25.82 per barrel, mostly on news of Venezuela increasing production. Estimated natural gas volume was 70,000 contracts, with about a third spreads. Natural gas for weekend delivery across the US and Canada was generally $0.10 - $0.20 lower Friday. Natural gas for weekend delivery at the Henry hub lost $0.12 to $3.17 per MMBtu. ------------------------------------------------------------- RISK MANAGEMENT Across the Energy Enterprise e-Acumen, Inc., is uniquely positioned to help you manage risk and increase value. That's because our analytics, data and applications cover all strategic aspects of the energy enterprise, from short-term forecasting to comprehensive risk analysis and portfolio optimization, to asset valuation and weather risk management. Dedicated to the needs of energy and trading companies in a dynamic and competitive world, our approach combines best-in-class physical fundamentals with industry-leading statistical methodologies. e-Acumen is a venture-backed company founded in January, 1997. Since then we have listened attentively to the market and assembled a stellar cast of seasoned energy industry professionals and Silicon Valley technologists. Join us as we help the industry continue its path toward liquidity and profitable, risk-managed growth in the exciting years ahead! Click here to find out more about current special offers, or go to http://www.e-acumen.com/ ------------------------------------------------------------- Today's Power Bulletins * Portland General Gets Subpoena from CFTC on 'Wash' Trades * FuelCell Names CEO Jerry Leitmanas as Chairman of Board * Pacific Gas and Electric Provides Additional Information to Senate Committee Showing that It Did Not Have Business Relationships with Perot Systems * Avista Continues to Cooperate with Inquiries; Prepares Response to Subpoena from CFTC and to Individual Shareholders * Cleco Finalizes Purchase of Mirant's 50% Interest in 725 MW Louisiana Power Plant * PSEG Nuclear Awards Contract to Siemens-Westinghouse for Turbine Replacement at Salem Units 1 and 2 * Transition of NewPower's Texas Customers Proceeding on Schedule * Calpine Breaks Ground on 600 MW Metcalf Energy Center in San Jose, California * Pinnacle West Again Receives 'AAA' Rating from Innovest for Environmental Management & Performance * Ameren, FirstEnergy, NIPSCO to Form Transco Under Midwest ISO ------------------------------------------------------------- Natural Gas NYMEX Volume 02JLY 59,700 02AUG 18,678 02SEP 6,117 02OCT 6,497 02NOV 2,953 03DEC 3,976 03JAN 1,161 03FEB 1,339 03MAR 1,537 03APR 1,755 03MAY 215 03JUN 356 03JLY 296 03AUG 1,473 03SEP 638 03OCT 237 03NOV 702 03DEC 1,424 04JAN 859 04FEB 148 04MAR 1,834 04APR 2,436 04MAY 41 04JUN 30 ------------------------------------------------------------- At NewEnergy Associates, we are committed to developing superior solutions that help our customers become the forerunners in the evolving energy market. NewEnergy Office, is a suite of solutions addressing competitive business operations, and decisions, represents the ultimate set of business tools that can be implemented independently or as part of a customized, integrated, enterprise-wide system. NewEnergy's offerings have been operating successfully in numerous markets worldwide for more than a quarter of a century. In addition to our suite of solutions, we call upon more than 1,000 years of combined industry consulting experience to assist customers in the analysis of critical business decisions. For more information, visit us at www.NewEnergyAssoc.com or call 770.779.2800. CLICK HERE ------------------------------------------------------------- Companies Consider Mexican Natural Gas Contracts Companies looking to enter Mexico's closed energy industry are cautiously optimistic about the controversial 6-8 politically contested multiple service contracts to produce natural gas in the Burgos basin on the Texas border. Pemex plans to open a data room in November and says the contracts would be finalized and the development blocks defined in October. Pemex will offer the controversial multiple service contracts individually in quick succession in November. The contracts would then be evaluated by February and signed in March of 2003. However, the question for the companies is whether the incentive of the deals compared to other options around the world are great enough to warrant the investment. Under the Mexican constitution, Pemex is not allowed to offer a percentage of the commodity produced as payment to companies, because all natural resources must remain in the hands of a government agency. In lieu of a percentage, Pemex proposes payment for services according to a menu of prices, but payment will depend on Mexico receiving income from natural gas produced. Some big oil companies contend that scenario puts the burden of risk on them, especially if natural gas prices plunge. The new contracts will be renewable for up to 20 years instead of only 1 or 2 years. Opponents say they are a means of privatizing the country's oil and natural gas industry, which was nationalized in 1938 and is widely regarded as a symbol of Mexican sovereignty and economic independence. However, a number of companies are interested in the contracts, some just to get a foothold in Mexico's energy sector. But, there are also concerns about the short amount of time allowed by Pemex between the opening of the data room in November for seismic information and the award of bids in February, because it forces companies into offering conservative bids. Pemex indicated it might be open to extending the time frame. ------------------------------------------------------------- Tomorrow's Market Opportunities Today ENDUR Never again be outpaced by changing markets. Powerful, integrated and efficient, Endur is a 21st century trading, risk management and operations software environment designed for the complex and ever-changing global energy markets. We build the future into every solution we develop today. Openlink It's The Way We Think http://www.olf.com/ CLICK HERE ------------------------------------------------------------- NRC Cites Wisconsin Electric Nuclear Power Plant The NRC has ruled that Wisconsin Electric Power's 512 MW Point Beach 2 nuclear power plant will be cited with a 'low-to-moderate' safety violation. The NRC says that on February 20th a pump in the unit's emergency cooling system broke down because of a build-up of nitrogen in pipes, which had leaked into the pipes from another part of the plant emergency system. Point Beach is owned by Wisconsin Electric Power and operated by Nuclear Management Co. The NRC called the ruling a 'white' finding in its four-color system for safety violations ranging in severity from green to white, yellow and red for the most serious violations. Nuclear Management did not contest the finding. ------------------------------------------------------------- Attention Oil Companies: We can provide OCTG requirements. Casing, Tubing, Drill Pipe and Line Pipe. To your specifications. STOCK items to Mill Orders. New Inventory Items Daily. Send us your requirements. Pipe For Sale 22,000' 9 5/8" 53.5 HCQ-125 Rg-3 LSS ERW BTC 6,000' 8 5/8" 32.0 C-90 with TK-7 Hydril CS 17,000' 7" 38 Q-125 TCA Seamless Rg-3 Hydril 563 Please go to http://www.enerfaxdaily.com/page34.html to view more available pipe http://www.enerfaxdaily.com/pge34.html Or write pipe@enerfax.com pipe@enerfax.com ------------------------------------------------------------- PHYSICAL POWER PRICES | | $/MWh | $/MWh | $/MWh | | Cinergy | 37.00 | 31.00 | 33.40 | | ECAR | 39.00 | 30.00 | 35.95 | | ERCOT(SC) | 28.00 | 27.25 | 27.50 | | Entergy | 35.25 | 31.25 | 33.25 | | TVA | 43.50 | 36.35 | 40.45 | | ComEd | 38.00 | 32.50 | 34.30 | | Nepool | 43.00 | 40.25 | 41.30 | | PJM West | 52.00 | 40.00 | 48.30 | | Main | 39.00 | 32.50 | 35.65 | | MAPP | 35.00 | 29.00 | 31.95 | | Palo Verde | 44.50 | 38.00 | 41.10 | | Mid C | 8.00 | 6.25 | 7.25 | | COB | 21.50 | 16.25 | 19.50 | | 4 Corners | 42.00 | 37.00 | 39.35 | | Mead | 46.50 | 41.00 | 44.90 | | NP 15 | 35.00 | 29.00 | 30.90 | | SP 15 | 39.50 | 33.00 | 36.20 | Power Delivered 6/24 ------------------------------------------------------------- Todays Gas Bulletins * Enron Used Hidden Reserves Accounts to Conceal Up to $1.5 Billion in Trading Profits During California Power Crisis, According to 6 Former Executives and Managers * El Paso Sale of Stock and Other Equity Securities Priced to Raise $1.35 Billion to Pay Off Short-Term Debt; To Offer 45 Million Shares of Common Stock at $19.95 Each and 10 Million of 9% Equity Security Units at $50 Each * ExxonMobil and Shell Hope Saudi Prince Will Save Natural Gas Deal * Shell Says in Talks with Korea Gas on Alliance * TransCanada Disappointed with NEB Decision * Dominion Declares Quarterly Dividend of $0.645 per Share of Common Stock * Rocky Mountain Energy Plans to Repurchase Common Shares * CMS Energy to Webcast June 26th Seminar for Investors * Two Jurors Who Found Arthur Andersen Guilty of Obstruction of Justice Slept During Trial, Texas Lawyer Newspaper Reports in Today's Edition ------------------------------------------------------------- Look No Further. @Energy(R) Manage all your energy risks. Build and Price deals. Value physical assets (generation, storage, etc.) Report and reduce your energy risks. FEA Financial Engineering Associates, Inc. http://www.fea.com/ CLICK HERE ------------------------------------------------------------- PHYSICAL POWER PRICES (Cont) | | High | Low | Average | | | $/MWh | $/MWh | $/MWh | | NY Zone A | 38.00 | 36.25 | 37.00 | | NY Zone G | 47.00 | 46.00 | 46.50 | | NY Zone J | 74.00 | 70.00 | 73.95 | | Fla-Ga Bdr | 40.00 | 29.00 | 34.50 | | FRCC | 45.00 | 29.00 | 39.15 | | Va Power | 45.00 | 29.00 | 37.00 | | VACAR | 42.00 | 30.00 | 36.05 | | SERC | 45.00 | 29.00 | 35.55 | | SPP | 39.00 | 31.25 | 34.35 | | Houston | 34.50 | 33.50 | 34.00 | Power Delivered 6/24 ------------------------------------------------------------- Texas Power Markets Report Get your hands on the most current information available on Texas Power Markets-Restructuring/Competitionand. To order please call 800-809-8289 or go to http://www.skippingstone.com/texas.htm or for more information write texasreport@enerfax.com A Comprehensive Report Detailing Recent Developments in the Texas Power Marketplace. Get all the facts about the restructured Texas Power Markets in a clear and comprehensive 130+ page report. Legislative Summary Economic and Market Analyses Up-to-date Market Rules POLR Decisions and Opportunities Wholesale Market DescriptionInfrastructure Considerations ERCOT RulesReview of the Pilot Program Participation RequirementsMarket Participant AnalysisPrice to Beat AnalysisKey Contacts InformationAnd Much More! All For $995 . You Will Receive: Over 130 color pages of clear, concise information shipped as a PDF (electronic copy) upon processing your on line order. You can either use your credit card for immediate delivery, or complete the on line order form and pay by check. Your report will be shipped to you upon receipt of your check. ------------------------------------------------------------- Williams to Eliminate Energy Trading Positions Williams will eliminate 16% of its energy marketing and trading positions this week as it adjusts to an industry decline. Last week, Williams announced a plan to cut merchant energy jobs and other measures to save $50 million a year. The company has about 800 US employees in its trading and marketing unit and about 132 of those will lose their jobs this week. Williams also laid off 11 traders, or 13% of its trading staff, in London. The company has about 12,000 employees in total. The energy trading sector is dwindling as governmental investigations and stricter credit rating criteria erode investor confidence. Williams, El Paso Corp, Aquila and many others have curtailed their trading and are selling assets and stock to improve their balance sheets in a move to reassure investors and credit rating agencies. Williams has cut financing for its trading unit by 33%. It plans to sell more than $1 billion in assets by the end of 2002, including refineries in Tennessee and Alaska, to raise cash and cut debt. Williams' shares dropped $0.22 to $7.13. ------------------------------------------------------------- Skipping Stone's Energy Transaction Software Report is a benchmark analysis of the different transaction packages available for the energy market This report contains 228 pages of charts, graphs and vendor-supplied information on 28 vendors. Side by side comparison of over 350 data points produced by Skipping Stone. For information or to order this pdf report for $995, Please call 800-809-8289 or write software@enerfax.com ------------------------------------------------------------- New Dominion Peaking Power Available for Summer Dominion Energy says that its new 600 MW power plant in Armstrong County, Pennsylvania has entered commercial operation. The Armstrong station cost $240 million to build and consists of 4 natural gas fired peaking turbines. Since June of 2001, more than 4,000 MW of generating capacity have entered service in the PJM grid for a total capacity of 62,567 MW. By the end of July, more than 500 MW of additional capacity are expected to go on line in PJM. The PJM grid serves some 27 million people living in all or parts of Pennsylvania, New Jersey, Maryland, Delaware, Washington DC and Virginia. ------------------------------------------------------------- R. W. Beck is an engineering and management consulting firm serving utilities, developers, financiers and governments worldwide. Founded in 1942, we help our clients face energy market challenges by providing: Portfolio Analysis to improve diversification and risk-adjusted performance of energy assets. Risk Control to help reduce the probability of losses. Asset Valuation to understand the market value and risk characteristics of physical and financial energy assets. Training to improve your ability to identify and manage tactical and strategic risks. Please visit our web site at http://www.rwbeck.com CLICK HERE ------------------------------------------------------------- NATURAL GAS - NYMEX REPORTABLE POSITIONS AS OF 06/18/02 | NONREPORTABLE NON-COMMERCIAL | COMMERCIAL | TOTAL | POSITIONS LONG | SHORT |SPREADING| LONG | SHORT | LONG | SHORT | LONG |SHORT 10,000 MMBtu OPEN INTEREST: 986,275 COMMITMENTS 15,854 17,221 169,240 752,570 765,709 937,663 952,170 48,612 34,105 CHANGES FROM 06/11/02 CHANGE IN OPEN INTEREST: -9,849 -4,400 -6,132 3,791 -3,911 -2,992 -4,521 -5,334 -5,328 -4,515 PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS 1.6 1.7 17.2 76.3 77.6 95.1 96.5 4.9 3.5 ------------------------------------------------------------ 5th Annual Electric Market Forecasting Conference, Sept. 12 & 13, 2002 Portland, OR USA, Skamania Lodge (45 minutes East of Portland International Airport) Navigating Future Energy Markets presentations on emerging resource development options, transmission considerations, fuel strategies and approaches to managing uncertainty in volatile energy markets. Speakers from General Electric Power Systems, Gas Technology Institute, NREL, UBS Warburg, Coral Energy, FPL Energy, Williams Energy Marketing and Trade, Siemens Power Transmission & Distribution, TransAlta, and Capstone Global Energy and more. Sponsored by EPIS, Inc., developers of the AURORA electric market model.For more information, go to http://www.epis.com/epis_events/events.htm or call 503-722-2023. CLICK HERE ------------------------------------------------------------- Idacorp to Pull Back from Power Trading Idacorp, a power utility with 700,000 customers in Idaho, Oregon and Nevada, said it will gradually reduce its power trading business and layoff about 60 employees as credit rating agencies tighten their requirements for an investment grade rating in the energy trading industry, thus reducing the number of credit worthy trading partners. The sector is shriveling amid a myriad of governmental and regulatory investigations into questionable trading practices and tougher standards by rating agencies. Idacorp Energy will discontinue trying to attract new customers, it said. The cuts, which will eliminate about 50% of the unit's 120 positions will be made over 18 months, and Idacorp will reduce working capital for the business by 50% to $100 million. Dynegy announced last week that it would close down DynegyDirect, its online trading platform, due to the reduced number of power and natural gas trades amid industry liquidity concerns. The decision will not have an impact on expected 2002 earnings of $1.35-$1.70 per share, Idacorp said. Analysts average estimates are $1.46 per share. Idacorp Energy will lower its maximum value at risk to under $3 million from $10 million. The unit had an average of $1.4 million at risk and a high of $2.4 million in the 1st quarter. Shares of Idacorp dropped $0.40 to $26.66 on Friday. ------------------------------------------------------------- NEB Denies TransCanadas Rate Hike Request The National Energy Board has denied TransCanada PipeLines' bid to increase prices on its main natural gas pipeline system. TransCanada claims the hike is needed in order to remain competitive and help offset the loss of long-term transportation contracts. TransCanada had asked the NEB to change the way regulated tolls on its west-east pipeline system are calculated to bring returns more in line with pipelines in the US. Canadian natural gas producers are opposed to the plan, saying it would require them to pay an extra $179 million to transport supplies. The NEB decided to continue calculating tariffs using the same method, but raised tolls minimally to compensate for increased business risks resulting from new pipeline competition and an industry shift towards short-term shipping contracts. TransCanada applied for an after-tax weighted average cost of capital of 7.5%, up from 5.84% in 2001. If the proposal was denied, TransCanada said it would seek a deemed common equity component of 40%, up from 30%, providing a return on common equity of 12.5%, or about the same as under the cost of capital proposal. Instead, the NEB decided to keep its previous method of determining tolls in tact and it set a rate of return for the mainline of 9.61% for 2001 and 9.53% in 2002. It also raised the deemed common equity component to 33%, in effect increasing tolls by 2% for the 2-year period. ------------------------------------------------------------- Baker Hughes Weekly Rig Count The number of rigs searching for oil and natural gas in the US fell by six to 838 last week, compared to 1,277 a year ago, according to Baker Hughes. The number of rigs exploring in Canada was up 32 this week to 210, compared to 305 a year ago. The number of rigs in the Gulf of Mexico was flat at 105, compared to 154 a year ago. The number searching on land was 715, and the number of offshore rigs was at 110. There were 13 inland rigs. The total North American rig count rose by 26 to 1,048, compared to 1,582 a year ago. The number of rigs searching for oil in the US rose by 5 to 139, and the number of rigs searching for natural gas fell by 11 to 698. There was one miscellaneous rig, unchanged from last week. ------------------------------------------------------------- Progas Storage and Services, Inc. Progas can custom build gas storage in the Upper Midwest. ? Design to your specifications ? Close to your markets ? Unregulated storage ? Lower transportation fees ? Lower storage rates Progas is now accepting proposals and orders for years 2002-2007 for approxamately 5 bcf of storage on Midwestern system serving Indiana, Illinois, and 3 bcf on Texas Gas Transmission system serving Tennessee, northern Kentucky, Indiana, and Ohio. Additional potential storage filds beding acquired at this time on Midwestern, anhandle Eastern and A & R (Coastal) systems serving the Upper Midwest. Inquiries from potential partners, investment bankers, and brokers welcome. Progas Storage and Services, Inc. 8610 South Highway 277 Abilene, TX 79606 Phone: 915-698-3699 Fax: 915-698-2859 Email: gastorage@aol.com ------------------------------------------------------------- Credit Concerns Erode Energy Trading Business The shrinking natural gas trading industry in the US and Canada, amid concerns over credit ratings and investor confidence, has made it increasingly difficult to find buyers. After Aquila and Engage Energy recently announced that they were closing their Canadian operations, the gap in trading partners grew significantly. Some of Engage's operations will be taken over by Duke's Canadian natural gas trading operation. Duke acquired Engage as part of its $8.5 billion takeover of Westcoast Energy. Traders say they are buying natural gas, but are having a hard time turning it around because credit concerns have eroded the number of companies they are currently allowed to deal with. Credit rating agencies have indicated that energy trading companies may not qualify for an investment grade rating due to the volatility of the sector. Last week, Aquila said it was pulling back from the energy trading after cutting its earnings forecast and dividend. Industry insiders say that Aquila was told if they had a trading company, their credit would be downgraded, and if they didn't, their investment grade rating would be maintained. However, the shift away from energy trading could prove beneficial to electronic trading platforms, in which participants have to clear credit requirements before they can post any bids or offers. Also, the downturn in energy marketing could leave the door open to a company with a good credit rating and deep pockets to step in and grab a big share of the market right off the bat. In addition, it is not likely such a company would encounter any shortage of qualified traders, given the number of lay-offs in the field lately. ------------------------------------------------------------- FINANCIAL SUMMARY The TSE 300 dropped 85.92 points to 7139.43 The CRB Index dipped 0.62 points to 203.59 The US Dollar decreased 0.69 points to 108.19 The Dow declined 177.98 points to 9253.79 The S&P 500 lost 17.15 points to 989.14 The Nasdaq was down 23.79 points to 1440.96 August NYMEX Crude Oil slipped 0.13 to 25.82 Canadian-US Exchange fell 0.0084 to 1.5230 ------------------------------------------------------------- Lotus, AOL, Yahoo, Excite, Readers-subscribe by writing to:enerfax-subscribe@egroups.com Pure text , Lotus Readers join-Enerfaxtext@relay.netatlantic.com Outlook users view the web in your email join-enerfaxdaily@relay.netatlantic.com ------------------------------------------------------------- To view past issues of Enerfax Daily -Sign up for free at Divines Sagewave at http://www.sagewave.com/D2/autolog/common/log.asp?KEY=enerfax or write enerfax@enerfax.com for past issues directions --- You are currently subscribed to enerfaxtext as: chris.germany@enron.com To unsubscribe click on the link below: http://relay.netatlantic.com/cgi-bin/unsubscribe.pl?id=14817067X <a href="http://relay.netatlantic.com/cgi-bin/unsubscribe.pl?id=14817067X"< Click Here </a<
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