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Energy Central Job Center =09 [IMAGE]=09 [IMAGE] =09 HOME | GAS NEWS | EVENTS | JOBS | BUSINESS CENTERS | DIRECTORIES= | DATA CENTER FRIDAY, JANUARY 18, 2002 =09 =09 THIS ISSUE BROUGHT TO YOU BY Gain exposure to thousands of ene= rgy professionals with your company's white papers today. Energy Central, t= he industry's most comprehensive on-line information resource is gathering = white papers for inclusion the newest section of its Research Report Center= . Don't be left out - to learn how to submit your white papers, e-mail mjoh= nson@energycentral.com. http://www.energycentral.com/sections/research / = TOP STORIES Enron collapse could affect China gas pipeline BEIJIN= G, Jan 17 (Reuters) The collapse of U.S. energy trader Enron Corp has throw= n into question funding for a $400 million natural gas pipeline project in = China which was billed as the first joint venture of its kind. NYC subu= rb launches attack to block Canada gas line NEW YORK, Jan 17 (Reuters) Wes= tchester County, an affluent suburban area north of New York City, vowed on= Thursday to use every political and legal weapon in its arsenal to block a= $700 million pipeline that would carry natural gas from Canada to the New = York region. Weak Rivalry, Delinquent Consumers Keep Natural Gas Prices= High in Georgia By Matthew C. Quinn, The Atlanta Journal-Constitution, Ja= n. 17 Consumers who don't pay their bills account for about 12 percent of m= onthly natural gas bills for those who do pay, according to research prepar= ed for the Georgia Public Service Commission. Press Release LODES= TAR Corporation to Provide Billing Capabilities to Georgia System Operation= s Corporation PEABODY, Mass., January 16, 2002 LODESTAR Corporation, the w= orld's leading provider of software solutions for energy companies, today a= nnounced that Georgia System Operations Corporation (GSOC) will use LODESTA= R's BillingExpert? software solution to manage interval data and price, cal= culate imbalances, perform energy settlement, and present trading partners = information to meet the new billing demands in the energy marketplace. = California Crisis CPUC Says Power Authority Should Not Invest in Gas = Lines or Storage Jan. 17 (California Energy Markets) The California Public= Utilities Commission believes that existing and planned natural gas infras= tructure improvements will be more than sufficient to meet state needs thro= ugh 2006 and that the California Power Authority should not make any invest= ments in gas delivery or storage facilities. Special Offer from this Publis= her! ADVERTISEMENT Gain the competitive intelligence you need = to make informed business decisions. Energy Central's Operating Plant Exper= ience Code (OPEC) is a must for all aspects of analyzing nuclear power plan= t performance. Identify causes of poor performance, compare lost generation= trends, and set performance criteria! Free trial - visit http://www.energy= central.com/sections/databases/OPEC National Energy Policy Wh= ite House to move ahead on energy plan with directives CHICAGO, Jan 17 (Re= uters) Faced with a Senate impasse over legislation to boost U.S. energy pr= oduction, the Bush administration will turn to executive orders to push for= ward its agenda, a senior Energy Department official said on Thursday. = White House dismisses report it favored Enron WASHINGTON, Jan 17 (Reuters= ) - The White House on Thursday denied its energy plan had been crafted to = benefit Enron Corp., President George W. Bush's biggest political patron, c= alling a senior Democrat's report on the matter a "waste of taxpayers' mone= y." Bush enlists US unions in push for energy plan By Patricia Wilson= , WASHINGTON, Jan 17 (Reuters) U.S. President George W. Bush enlisted labor= leaders on Thursday to press Democratic allies in the Senate to approve oi= l drilling in an Alaskan wildlife refuge, saying his energy plan would crea= te jobs. Competition & Deregulation For reports and related informa= tion on this topic visit our Data Center [IMAGE] TXU sets up Oncor, re= gulated energy delivery unit DALLAS, Jan 17 (Reuters) TXU Corp. said on Th= ursday it had set up a new unit called Oncor to operate and maintain its el= ectricity and natural gas delivery infrastructure in Texas as part of the s= tate's move to deregulate electricity. EU sets July 1 deadline for Fra= nce to embrace gas, electricity liberalization BRUSSELS, Belgium, Jan 17,= 2002 (AP WorldStream via COMTEX) -- The European Union's executive Commiss= ion Thursday set a July 1 deadline for France to endorse a liberalization o= f the gas and electricity markets, a key part of efforts to make the EU eco= nomy more competitive. Legislation/Regulation Fired Enron Auditor= Deflects Blame By MARCY GORDON AP Business Writer, WASHINGTON, Jan 17, 2= 002 (AP Online via COMTEX) -- The auditor fired for destroying documents in= the Enron Corp. affair is laying the blame squarely on his accounting firm= , Arthur Andersen LLP, telling congressional investigators he was just foll= owing advice from its lawyers. US SEC's Pitt proposes post-Enron accou= nting boss WASHINGTON, Jan 17 (Reuters) - U.S. Securities and Exchange Com= mission Chairman Harvey Pitt on Thursday proposed a tougher governing body = for accountants to help prevent future financial debacles like Enron Corp.'= s collapse. Sen. Mulls Removal from Enron Probe By MARCY GORDON AP B= usiness Writer, WASHINGTON, Jan 17, 2002 (AP Online via COMTEX) -- Because = Enron's political reach was so wide, it is becoming difficult to find gover= nment officials without connections as federal law enforcement agencies and= Congress pursue investigations of the collapsed energy-trading giant. = Enron settles with FCC over license transfers WASHINGTON, Jan 16 (Reuters= ) Fallen energy giant Enron Corp. has agreed to pay $7,500 to settle charge= s that the company failed to seek proper approval for the transfer of wirel= ess licenses to various entities, U.S. telecommunications regulators said o= n Wednesday. FACTBOX-US committees, agencies in Enron investigation N= EW YORK, Jan 17 (Reuters) Eight U.S. congressional committees and three fed= eral agencies are probing various aspects of Enron and its collapse. G= as Pricing/Hubs Canadian natgas rises slightly behind U.S. prices CAL= GARY, Alberta, Jan 17 (Reuters) Spot natural gas prices in Canada edged up = slightly on Thursday because of stronger U.S. physicals early in the day, i= ndustry sources said. NYMEX Hub gas ends lower on technical selloff N= EW YORK, Jan 17 (Reuters) NYMEX Hub gas ended lower Thursday despite a firm= er physical market, pressured by bearish fundamentals and some technical se= lling after an early attempt to move higher stalled, industry sources said.= U.S. spot natgas makes slight gains on weather SAN FRANCISCO, Jan 17= (Reuters) U.S. day-ahead natgas made slight gains on Thursday, firming on = moderate weather-related demand as dealers reported seeing increased sellin= g from gas storage ahead of mild weather forecasts next week, when cash pri= ces are likely to retrace. Drilling/Exploration Marathon abandons= two Gulf of Mexico wells HOUSTON, Jan. 16 , Jan 16 (Reuters) Marathon Oil= Co. said Wednesday two exploratory wells it drilled in the deep waters of = the U.S. Gulf of Mexico failed to uncover any oil or natural gas. Judg= e Lifts Order Blocking Oil Drilling PITTSBURGH, Jan 16, 2002 (AP Online v= ia COMTEX) -- A judge Wednesday lifted an order blocking a 71-well oil and = gas drilling project in the Allegheny National Forest, saying environmental= ists have not yet shown the wells would harm the forest. Jordan to end= orse new exploration for gas in Risheh Jan 16 - Middle East News Online Th= e government is expected soon to endorse a decision to start exploring for = gas in Risheh field's untapped area, sources in the energy sector said on T= uesday. Futures February Futures Shed Length Acquired on Wednesda= y's AGA Run Jan. 17 (Btu's Daily Gas Wire) In an "impressive sell-off," Fe= bruary natural gas futures settled down 14 cents at $2.254 as the length th= at was acquired in Wednesday's trading was liquidated today. Special Offer = from this Publisher! Natural gas higher on encouraging AGA draw Jan= 17, 2002 (TradeSignals via COMTEX) -- Natural gas futures ended Wednesday'= s session higher as fund buying support underpinned trade. Pipelines = "Over-the-top" Arctic pipeline seeks support CALGARY, Alberta, Jan 16 = (Reuters) - Executives behind an ambitious plan for a C$12.5 billion ($7.8 = billion) pipeline to tap both Alaska and northern Canada natural gas filed = details with regulators on Wednesday while admitting they lacked key suppor= t from major producers, governments and native groups. Phillips optimi= stic about Alaska gas pipeline ANCHORAGE, Alaska, Jan. 16 (Reuters) - Phil= lips Petroleum will seek permits to build a pipeline to ship natural gas fr= om Alaska's North Slope to Lower 48 markets, as long as Congress acts this = year to aid the project, a company representative told state lawmakers in J= uneau on Wednesday. Arctigas files preliminary application for a $12-b= illion gas pipeline JAMES STEVENSON, CALGARY, Jan 16, 2002 (The Canadian = Press via COMTEX) -- A little-known company called ArctiGas Resources wants= to bridge the political quagmire of two competing natural gas pipeline pro= jects, with a plan for a shorter $12-billion line that will access massive = reserves in both the Northwest Territories and Alaska. Bg to Start Act= ion to Use Pipeline Jan 17, 2002 - South American Business Information The= Brazilian BG, the arm of British Gas, can start an action to resume the tr= ansport of 2mil m3 of natural gas through the pipeline Bolivia - Brasil, to= meet the demand of Comgas at Sao Paulo state. Poland set to finance g= as pipeline to Europe, says Russian source Jan 16 - BBC Monitoring Former = Soviet Union Poland has confirmed its commitment to financing the first uni= t of the Yamal-Western Europe gas pipeline in the originally expected amoun= t, a source in the Russian presidential delegation visiting Poland told TAS= S on Wednesday [16 January]. General Most Texas Politicians Plan = to Keep Enron Money By Armando Villafranca, Houston, Jan. 17 Enron Corp. h= as been a generous benefactor to Texas politicians and most intend to keep = the money, despite the company's collapse that cost 4,500 people their jobs= and many more their retirement savings. Northern Indiana Utility to C= lose Five Service Hubs, Eliminate Jobs By Keith Benman, South Bend Tribune= , Ind., Jan. 17 The Northern Indiana Public Service Co. will close five of = its 12 service hubs in Northern Indiana and eliminate jobs among the linewo= rkers and others who staff them. Enron, Andersen Tightly Entangled; Ex= perts Question Links between Two Firms By Robert Manor, Chicago Tribune, J= an. 17 Accounting giant Andersen and collapsed power trader Enron Corp. sha= re a long and now uncomfortably close relationship that begins--but certain= ly doesn't end--with a procession of executives who moved from the auditing= firm to occupy top posts at Enron. New rules to encourage Canada coal= bed methane wells VICTORIA, British Columbia, Jan 16 (Reuters) British Col= umbia moved to encourage development of its estimated 90 trillion cubic fee= t of coalbed methane reserves on Wednesday, reducing royalty charges and of= fering drilling incentives. Most Lawmakers Lost Money on Enron By DA= VID PACE Associated Press Writer, WASHINGTON, Jan 17, 2002 (AP Online via C= OMTEX) -- Six months before Enron Corp.'s collapse, California Rep. Jane Ha= rman unloaded more than $250,000 in the company's stock when it was still t= rading in the $50 range. Enron's auditor has financial ties of its own= to lawmakers, Bush administration By CHRISTOPHER NEWTON Associated Press = Writer, WASHINGTON, Jan 17, 2002 (AP WorldStream via COMTEX) -- Auditing gi= ant Arthur Andersen, which faces federal investigations into the destructio= n of Enron documents, has given large contributions to the Bush administrat= ion and lawmakers playing key roles in the inquiry, according to a governme= nt watchdog group. Memo: Andersen Raised Concerns in Feb. By MARCY G= ORDON AP Business Writer, WASHINGTON, Jan 17, 2002 (AP Online via COMTEX) -= - Senior managers at Arthur Andersen raised concerns about Enron Corp.'s ac= counting practices last February and considered dropping the energy company= as a client, according to an accounting firm memo uncovered by congression= al investigators. Enron's Chief Executive to Part with Aspen, Colo., H= omes By Nancy Lofholm, The Denver Post, Jan. 17 Three weeks before Enron C= orp. filed for bankruptcy, for-sale signs went up on two typically plush As= pen mansions and an undeveloped lot with a prized view of Aspen Mountain. = Enron Workers Net Profits though Sales of Company Trinkets on eBay By = Daniel J. Vargas, Houston Chronicle, Jan. 17 Newsflash: Enron is turning a = profit. Oklahoma Governor to Meet with Conoco Chief Executive By Rick= Robinson, The Daily Oklahoman, Jan. 16 It's been nearly two months since P= hillips Petroleum Co. announced it would acquire Conoco Inc. and move its h= eadquarters to Houston, but efforts to alter that plan are still alive in O= klahoma. Enron Sells Company Plants By KRISTEN HAYS Associated Press= Writer, HOUSTON, Jan 16, 2002 (AP Online via COMTEX) -- Despite its bankru= ptcy and layoffs, Enron Corp. offered its remaining Houston employees a bou= nty of botanical bargains Wednesday. Deals/Contracts Despite Worr= y, Houston City Council Approves Contract with Arthur Andersen By Matt Sch= wartz, Houston Chronicle, Jan. 17 City Council approved a $200,000 contract= with Arthur Andersen on Wednesday despite concerns from two council member= s about the consulting firm's involvement in the collapse of Enron Corp. = Costain in $86 mln deal to build gas plant LONDON, Jan 17 (Reuters) Cos= tain Group Plc said on Thursday it had won a 60 million pound ($86 million)= contract with Burlington Resources Inc to build a gas compression and trea= tment plant in Barrow-in-Furness, northwest England. Legal Housto= n Teachers Group Joins Legal Fray over Enron Houston Chronicle, Jan. 17 Th= e Houston Federation of Teachers, with 675 members who say $30 million in p= ension funds was invested in Enron Corp. stock, filed an amended lawsuit We= dnesday asking a court to order that no further Enron documents be destroye= d. People Fired Andersen Auditor Worked Closely with Enron Chief = Fort Worth Star-Telegram, Texas, Jan. 17 Before he was fired for destroyin= g documents related to the country's biggest bankruptcy case, Arthur Anders= en auditor David Duncan stayed out of his firm's spotlight, but frequently = worked shoulder to shoulder with Enron Chairman Kenneth Lay in visible civi= c endeavors. Enron Executive Who Wrote Memo Draws Media Notice By Bil= l Murphy, Houston Chronicle, Jan. 17 Sherron Smith Watkins is described as = a "very hard worker" and "a very direct person." Ex-Lieberman Aide Lob= bied For Enron By LARRY MARGASAK Associated Press Writer, WASHINGTON, Jan= 16, 2002 (AP Online via COMTEX) -- Sen. Joseph Lieberman's former top aide= , working as an Enron lobbyist, met three times with the senator's staff an= d tried unsuccessfully to arrange a meeting between Enron's chairman and Li= eberman - now leading an investigation of the failed energy company. L= arry Thompson Heading Enron Inquiry By RON KAMPEAS Associated Press Write= r, WASHINGTON, Jan 17, 2002 (AP Online via COMTEX) -- When it comes to whit= e-collar crime, the deputy attorney general has argued both sides: In the 1= 980s, then-U.S. attorney Larry Thompson jailed fraudsters; in the 1990s, pr= icey private lawyer Larry Thompson sought to overturn fraud convictions. = Financial Critics Caution against Cozy Auditor-Client Ties By Laur= a Goldberg, Houston Chronicle, Jan. 17 The relationship between Enron Corp.= and auditor Arthur Andersen provides a vivid picture of the perils account= ing critics see when the relationship between auditor and client become too= tight. Progress Energy sees closing stock price in error RALEIGH, N.= C., Jan 16 (Reuters) Progress Energy Corp. said it believes an error may ha= ve contributed to a $5 per share discrepancy between the closing price of i= ts stock on the New York Stock Exchange Wednesday and the price of its shar= es in the after hours market. Citigroup sheds light on Enron, Argentin= a exposure NEW YORK, Jan 17 (Reuters) Citigroup Inc., one of Enron Corp.'s= top lenders, on Thursday broke its silence and said it has about $650 mill= ion in secured loans to the bankrupt energy trader, plus unsecured debts an= d short-term financing, after taking a fourth-quarter hit for the former en= ergy giant. N.M. Funds Took $54.5 Million Enron Bath Jan 17 - Albuque= rque Journal Four of New Mexico's largest investment funds lost almost $55 = million because of the Enron Corp. bankruptcy filing last month, according = to fund managers. Dynegy Announces Additional Share Purchase by Chevro= nTexaco HOUSTON--(BUSINESS WIRE)--Jan. 17, 2002 Dynegy Inc. today announce= d that ChevronTexaco will exercise its pre-emptive right to retain its prop= ortionate 26.5 percent common stock ownership interest in the company. = Financial - Results Kinder Morgan quarterly net income rises NEW YOR= K, Jan 17 (Reuters) - Pipeline operator Kinder Morgan Inc. said on Thursday= fourth-quarter net income rose 30 percent on stronger transportation earni= ngs as well as higher earnings from its retail operations. Internation= al Statoil says swaps offshore stakes with ExxonMobil OSLO, Jan 17 (R= euters) Norwegian energy company Statoil said on Thursday that it had obtai= ned new production licences in the Barents Sea after swapping some of its i= nterests on the Norwegian continental shelf with ExxonMobil. Macau to = build natural-gas facilities China, Jan 16, 2002 (ChinaOnline via COMTEX)= -- Macau will build natural-gas pipelines and storage facilities, whose in= itial cost is estimated at US$100 million, to provide an alternative energy= source to residents. Enron Down but Not Out Overseas By BRUCE STANL= EY AP Business Writer, LONDON, Jan 17, 2002 (AP Online via COMTEX) -- Knock= ed out but not yet dead, Enron Corp. remains a potential player in Europe's= commodities trading business, and many of its overseas power plants and ot= her projects continue to hum. UK energy customers paying 120 mln stg a= year for competition - MPs Jan 16 - AFX Electricity and gas customers are= paying an extra 120 mln stg for the cost of companies modifying their syst= ems to support the introduction of competition in the market, a select comm= ittee report has found. 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