Platts Energy Bulletin

Platts Energy Bulletin

The daily Energy Bulletin is a showcase of the top headlines posted on
platts.com (http://www.platts.com) over the past 24 hours. To view this file in
html, open the attachment at the bottom of this email. We welcome your feedback
- send your comments to feedback@platts.com. Instructions for unsubscribing can
be found at the bottom of each issue.

February 20, 2002

What's New on platts.com?

Platts Enron Report Read about the implications of Enron's bankruptcy on the
financial and energy communities.
(http://www.platts.com/features/enron/index.shtml)

Examining the Costs of Merchant Generating Assets - Insurance and
Power-Marketing Fees: To provide more transparency when applying net revenue
analysis, Standard & Poor's will publish ongoing comments exploring components
of both fixed and variable costs of operating generating assets in a market
environment. (http://www.platts.com/risk_management/sandp/analysis.shtml)

Quote of the Day A selection of industry/OPEC viewpoints.
(http://www.platts.com/quote.shtml)

ENERGY INSIGHT:
(for Platts Premium Customers)

Bush unveils voluntary alternative to Kyoto Protocol
President George W. Bush, a year after he rejected the Kyoto Protocol, released
a climate-change plan Feb 14 calling for voluntary measures to reduce the rate
of growth of US carbon dioxide emissions. (http://www.einsight.com)

Advertisement:

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Energy Jobs Network, the Jobs Board gives you access to a pool of job seekers
and open positions across the energy industry. It's free for all job seekers,
and there is a range of packages for employers posting jobs.
(http://www.energyjobsnetwork.com/home.asp?code=platts)

Futures Round-up

NYMEX: Crude to open lower absent fresh news
NYMEX March crude oil is called to open 27 cts lower at $20.61/bbl Wednesday.
April Brent is called to open 34 cts lower at $20.18/bbl. March heating oil is
called to open 50 pts lower at 53.90 cts/gal and March unleaded gasoline is
called to open 50 pts lower at 58.75 cts/gal.

IPE Brent Focus: IPE Brent crude drifts lower, API builds anticipated
Front-month April futures stood at $20.17/bbl at 1134 GMT, 35 cts weaker than
Tuesday's close. April had ticked lower from $20.30/bbl, the opening and high of
the day. The May contract slipped by 25 cts to trade at $20.35/bbl by the same
time.

News Round-up
Click on the headlines below or paste the URLs provided in your internet browser
to see the full story.

OIL:
Husky Energy confirms Petrochina talks on possible deal
Canadian Husky Energy Tuesday confirmed that it "has had discussions with
PetroChina and other parties" over possible deals.
(http://www.platts.com/archives.shtml#59136)

NATURAL GAS:
APX gas plans delayed by internal market spats
Amsterdam Power Exchange's plans to offer natural gas products have been set
back by disagreements among Dutch gas market participants, APX CEO Bert den
Ouden said Wednesday. (http://www.platts.com/archives.shtml#59174)

PETROCHEMICALS:
Brazil to end energy rationing Mar 1
Brazilian President Fernando Henrique Cardoso decided Tuesday to end a
nine-month energy rationing program on Mar 1, 2002 allowing downstream
petrochemical producers forced by the program to cut energy consumption, and
thus output, to return to normal output levels, a government spokesman said
Tuesday. (http://www.platts.com/archives.shtml#59149)

Advertisement:

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products and services needed worldwide by companies involved in the generation
and delivery of electric power and its related services. It is a dynamic
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change their product/service offerings.
(http://www.mediabrains.com/client/platts/bg1/search.asp)

ELECTRIC POWER:
France set to pledge further opening of power market
France looks set to pledge a further opening of its power market to competition
at next month's European heads of state summit in Barcelona, an industry source
said Wednesday. (http://www.platts.com/archives.shtml#59172)

NUCLEAR:
Nevadans sue US government over Yucca Mountain recommendations
Key Nevada repository opponents asked a federal court to throw out Energy
Secretary Spencer Abraham's recommendation of the proposed repository site at
Yucca Mountain, Nevada, and President George Bush's concurrence, claiming
neither complied with federal law. (http://www.platts.com/archives.shtml#59147)

COAL:
Indiana coal bill sees opposition
Opponents of Indiana Senate Bill 29, which would encourage the use of advanced
clean-coal technology and the development of new baseload electric generating
plants, rallied at the Statehouse in Indianapolis against the legislation.
(http://www.platts.com/archives.shtml#59153)

To see the past five day's headlines posted on platts.com
go to Platts archives (http://www.platts.com/archives.shtml).

Upcoming Events:

Platts Policies and Methodology Forum, Platts will hold an open forum to discuss
its policies and methodologies on Sunday, March 17 at the Marriott Rivercenter
Hotel in San Antonio, Texas. The forum will be held in conjunction with the
annual meeting of the National Petroleum Refiners' Association. For further
details and to register go to
http://www.platts.com/oil/SanAntonioForum/sanantonioforumregister.shtml

4th Annual ELECTRIC POWER Conference & Exhibition, "Where the Operating
Companies Meet", Over 10 co-located events, 500 exhibiting companies and 6,000+
attendees. March 19-21, 2002, America's Center, St. Louis, Missouri. Organized
by The TradeFair Group, and Sponsored by POWER Magazine and Platts.
(http://www.electricpowerexpo.com/currentshow/home.asp)

"Grid Business: The Midwest," an Electrical World Roundtable in cooperation with
R.J. Rudden Associates and the United States Energy Association. March 20-21,
2002, in St. Louis, Missouri.
(http://www.platts.com/gridbusiness/index.html)

"Navigating the Perfect Storm: Charting Power Generation Success," the 17th
Annual Global Power Markets Conference. March 24-26, 2002, in New Orleans.
(http://www.platts.com/electricpower/GPMConf2002/index.shtml)

PLATTS' MAGAZINES:

Global Energy Business - Top 250 Energy Companies
The first annual survey by Global Energy Business of financial performance for
leading energy companies worldwide presents year 2000 data--assets, revenues,
profits, earnings per share, and return on invested capital--for firms with
assets exceeding $2 billion. Data were supplied by Standard & Poor's, a unit of
The McGraw-Hill Companies, New York, from its Compustat data base.
(http://www.platts.com/business/issues/0201/0201geb_top250.shtml)

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