Gas Futures Up ,
 Go to the first website shown below (http://www.enerfax.com).  Scroll down 
once you get to this website and you will see an article about fuel cells.


---------------------- Forwarded by Chris Germany/HOU/ECT on 05/09/2001 08:00 
AM ---------------------------


"Enerfax Energy" <enerfax1@bellsouth.net> on 05/09/2001 06:32:20 AM
To: <e@enerfax.com>
cc:  
Subject: Gas Futures Up



Enerfax Daily
NORTH AMERICA'S FREE POWER AND GAS INFORMATION SOURCE
Wednesday, May 9, 2001 No. 736
Visit our website at: http://www.enerfax.com,
if you would like to receive our daily free email write
Enerfax-subscribe@egroups.com.

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or go to http://www.enerfaxgold.com

Please view in a fixed-width font such as Courier.

GAS FUTURES
Henry Hub
12 Month Strip  4.5322  +0.0236
18 Month Strip  4.4734  +0.0115
| Month | High  |  Low  | Close | Change |
| JUN   | 4.320 | 4.200 | 4.279 | +0.040 |
| JUL   | 4.380 | 4.270 | 4.353 | +0.039 |
| AUG   | 4.457 | 4.360 | 4.425 | +0.035 |
| SEP   | 4.487 | 4.390 | 4.455 | +0.030 |
| OCT   | 4.527 | 4.440 | 4.493 | +0.028 |
| NOV   | 4.710 | 4.625 | 4.673 | +0.023 |
| DEC   | 4.885 | 4.800 | 4.853 | +0.018 |
| JAN   | 4.960 | 4.860 | 4.923 | +0.018 |
| FEB   | 4.820 | 4.820 | 4.803 | +0.018 |
| MAR   | 4.640 | 4.570 | 4.613 | +0.018 |
| APR   | 4.320 | 4.250 | 4.293 | +0.013 |
| MAY   | 4.260 | 4.190 | 4.223 | +0.003 |


PHYSICAL GAS PRICES
| Gulf/Eastern Region              |        |
| Agua Dulce                       |  4.13  |
| ANR SE                           |  4.13  |
| Carthage TG                      |  4.16  |
| Chicago Citygate                 |  4.36  |
| Columbia Gulf Onshore            |  4.17  |
| Dominion TTT South(CNG S. Point) |  4.45  |
| Henry Hub                        |  4.21  |
| Houston Ship Channel             |  4.26  |
| Katy Hub                         |  4.22  |
| NGPL - Midcontinent              |  4.16  |
| NGPL STX                         |  4.11  |
| NGPL TX/OK                       |  4.17  |
| Niagara                          |  4.48  |
| Sonat Tier 1                     |  4.17  |
| TCO IPP Pool                     |  4.44  |
| Tetco ELa                        |  4.16  |
| Tetco M-3                        |  4.57  |
| Tetco STX                        |  4.10  |
| TGP Zone 0                       |  4.11  |
| TGP Zone 1                       |  4.19  |
| TGT Zone SL                      |  4.18  |
| New York Citygate                |  4.58  |
| Transco Station 65               |  4.23  |
| Transco Zone 6 (NY)              |  4.58  |
| Trunk ELa                        |  4.05  |
| Western Region                   |        |
| California Border                | 12.60  |
| El Paso Permian                  |  4.12  |
| El Paso San Juan                 |  3.76  |
| Waha Hub                         |  4.16  |
| Canadian/Rockies Region          |        |
| Nova/Aeco (in C$/GJ)             |  5.76  |
| Dawn Hub/Union                   |  4.48  |
| Northwest Stanfield              |  4.28  |
| Wyoming Pool                     |  3.76  |
| Opal                             |  3.76  |
| PGT-Malin                        |  5.01  |
| Sumas                            |  4.22  |


POWER FUTURES
| Month |   COB   |  Change  |    PV    | Change  |
| JUN   | 350.00  |  +0.00   |  365.00  | +10.00  |
| JUL   | 420.00  |  +45.00  |  430.00  | +10.00  |
| AUG   | 515.00  |  -10.00  |  535.00  |  -5.00  |
| SEP   | 305.00  | -120.00  |  295.00  | +10.00  |
| OCT   | 325.00  |  +0.00   |  190.00  |  +0.00  |
| NOV   | 285.00  |  +0.00   |  135.00  |  +0.00  |
| DEC   | 315.00  |  +0.00   |  140.00  |  +0.00  |
| JAN   | 255.00  |  +0.00   |  130.00  |  +0.00  |
| FEB   | 250.00  |  +0.00   |  120.00  |  +0.00  |
| MAR   | 190.00  |  +0.00   |  110.00  |  +0.00  |
| APR   | 117.00  |  +0.00   |  114.00  |  +0.00  |
| MAY   | 117.00  |  +0.00   |  114.00  |  +0.00  |
| Month | Entergy |  Change  | Cinergy  | Change  |
| JUN   |  71.25  |  +4.25   |  62.75   |  -3.50  |
| JUL   | 110.00  |  +6.00   |  97.50   |  -5.00  |
| AUG   | 110.00  |  +6.00   |  97.50   |  -5.00  |
| SEP   |  45.50  |  +1.50   |  38.75   |  -1.75  |
| OCT   |  40.25  |  +0.75   |  38.25   |  -1.25  |
| NOV   |  40.25  |  +0.75   |  38.25   |  -1.25  |
| DEC   |  40.25  |  +0.75   |  38.25   |  -1.25  |
| JAN   |  43.75  |  +0.75   |  42.50   |  -1.00  |
| FEB   |  43.75  |  +0.75   |  42.50   |  -1.00  |
| MAR   |  38.00  |  +0.25   |  36.00   |  -1.00  |
| APR   |  38.00  |  +0.25   |  36.00   |  -1.00  |
| MAY   |  45.00  |  +0.50   |  41.75   |  -0.25  |


POWER FUTURES
| Month |   PJM   | Change |
| JUN   |  65.50  | +3.50  |
| JUL   | 101.50  | +4.50  |
| AUG   | 101.50  | +4.50  |
| SEP   |  40.25  | -2.50  |
| OCT   |  39.00  | +0.25  |
| NOV   |  39.00  | +0.25  |
| DEC   |  39.00  | +0.25  |
| JAN   |  43.00  | -1.50  |
| FEB   |  43.00  | -1.50  |
| MAR   |  37.00  | -0.75  |
| APR   |  37.00  | -0.75  |
| MAY   |  42.25  | +1.50  |


NATURAL GAS OPTIONS
|       | Closing | Days | Implied ATM |
| Month |  Price  | Left | Volatility  |
| JUN   |  4.279  |  18  |   53.83%    |
| JUL   |  4.353  |  50  |   54.67%    |
| AUG   |  4.425  |  80  |   54.45%    |
| SEP   |  4.455  | 113  |   54.21%    |
| OCT   |  4.493  | 141  |   55.41%    |
| NOV   |  4.673  | 172  |   55.52%    |
| DEC   |  4.853  | 204  |   55.01%    |


PHYSICAL POWER PRICES
|            |  High   |   Low   | Average |
|            |  $/MWh  |  $/MWh  |  $/MWh  |
| Cinergy    |  30.00  |  25.75  |  27.50  |
| ECAR       |  32.15  |  26.50  |  28.25  |
| ERCOT      |  43.50  |  42.50  |  43.00  |
| Entergy    |  39.00  |  34.00  |  36.35  |
| TVA        |  27.25  |  27.00  |  27.15  |
| ComEd      |  28.50  |  27.00  |  27.40  |
| PJM West   |  36.00  |  32.75  |  33.55  |
| Main       |  28.00  |  27.25  |  27.65  |
| MAPP       |  34.00  |  28.50  |  32.00  |
| Palo Verde | 370.00  | 265.00  | 299.95  |
| Mid C      | 360.00  | 285.00  | 327.95  |
| COB        | 360.00  | 360.00  | 360.00  |
| 4 Corners  | 330.00  | 300.00  | 315.00  |
| Mead       | 330.00  | 315.00  | 322.50  |
| NP 15      | 312.00  | 310.00  | 311.00  |
| SP 15      | 270.00  | 270.00  | 270.00  |
________________________________________________

For a Free White Paper Report from FAME:

Forward Curves Managing Price Risk

Go to http://www.fame-energy.com/fcreg.htm
_________________________________________________

Today's Power Bulletins
 * California Says BC Hydro Withholds Power on Credit Concerns
 * California Senator Feinstein Praises Williams Support of Interim Power
Price Caps
 * FPL Group Capital Sells $500 Million 6-Year Notes
 * California Power Prices Soar a Day After Rolling Blackouts
 * AES Suspends $2.5 Billion in Brazilian Investments
 * Enron Bidding on UK Power Plants to Increase Profit and Reduce Risk
 * Lenders to Enron's Troubled Dabhol Power Project in India May Cut
Interest Rate on Almost $2 Billion in Loans to Prevent Default
 * Enron Moves Executives Families Out of India
 * India's Maharashtra State Electricity Board May Fine Dabhol $158 Million
for Allegedly Failing to Generate Power to Full Capacity within 3 Hours of
Starting Plant After 12-Hour Break
 * New World Power Terminates Discussions to Acquire Block Island Power
Company, a Regulated Rhode Island Utility
 * American Electric Power Supplements Investment in Altra Energy
Technologies
 * Niagara Mohawk Files Proposed Settlement on Sale of Nine Mile Point
Nuclear Stations
 * Fitch Encouraged By Nuclear Regulatory Commission's Recent Actions

More stories with bulletins at http://www.enerfactsdaily.com
____________________________________________________

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________________________________________________

Today's Gas Bulletins
 * Canadian Natural Resources 1st Quarter Earnings Up 86% on Higher Sales
and Prices
 * Anderson Exploration 1st Quarter Profit Jumps 350%, Beating Expectations
 * National Fuel Gas Expects Acquisition of Player Petroleum to Raise 2002
Earnings Past Analysts' Current Expectations
 * Statoil Says EU Rules May Reduce European Natural Gas Supplies
 * EU Sues French Government to Force Opening of Natural Gas Market
 * Canadian Rigs Drilling Up 7 in Past Week
 * Soaring Natural Gas Prices Help BP to 7th Consecutive Record Quarterly
Profit; Up 52% from a Year Ago
 * Ultramar Raised to Strong Buy on Valero Bid
 * FERC Approves El Paso Plan to Convert 785 Miles of Existing Crude Oil
Pipeline to Transport 230 MMcf per Day of Natural Gas from Texas to
California Border

More stories with bulletins at http://www.enerfactsdaily.com
__________________________________________________

North American Gas Storage Conference
Storage 2001 - 2002:
Source of Stability or Chaos?
June 22, Houston

Find the answers at Ziff Energy's natural gas storage conference.  A
blockbuster roster of industry leaders from the utility, trading, pipeline
and storage sectors in each of the North American storage regions will
present timely, relevant information you can use. This conference will
assist you in making critical decisions about your natural gas storage
strategy for peaking and the remaining seasonal base fill. The game has
changed - storage strategy has been kicked up a notch from buying for
seasonal fill to real-time risk management.

Session 1 Supply Shortage or Storage Inefficiencies: Last Winter's Saga
El Paso Corporation - Byron Wright, VP
Energy Information Administration, DOE - Jim Thompson, Industry Analyst
Keyspan Energy - David Manning, Senior VP, Corporation Affairs
Axia Energy - David Modesett, VP

Session 2 The Changing Storage Paradigm:
Dynamic Storage Service vs Seasonal Fill
AEC Storage & Hub Services Inc. - Rick Daniel, President
Williams Energy Marketing & Trading - Blake Herndon, Director, Risk
Management
NiSource Inc. - T.J. Aruffo, VP Energy Supply Services
Enron North America - Paul Bieniawski, Director
Duke Energy Gas Transmission - David Nightingale, VP MHP

Session 3 Pricing it Right and Reducing Risk:
Can We Expect Stability or Chaos in Winter 2001 - 2001?
Aquila Energy - Mark Cook, VP The Exchange Center Conoco Gas and Power
Marketing - Brad King, VP Storage
Sempra Energy Trading - Dan Guertin, Meteorologist

For more information or to register visit
http://www.ziffenergyconferences.com, call 1-800-853-6252,
or email us at gasconference@ziffenergy.com
________________________________________________

Natural Gas Futures End Higher

    Natural gas futures on the NYMEX closed higher yesterday as traders
sought to cover their short positions due to a feeling that the market was
oversold following the steep decline of the last several days. The June
contract climbed
$0.04 to $4.279 per MMBtu. June rose $0.039 to $4.353 per MMBtu. The market
was basically just marking time until the AGA releases the latest storage
injection figures this afternoon. The AGA is expected to announce an
addition to storage of about 100 Bcf. A somewhat lower injection could spark
a rally because the market has already discounted a triple digit build.
However, an injection of over 115 Bcf could send the market to $4.00 in a
hurry. A year ago, stocks for the same week rose 58 Bcf, and the five-year
average injection is 61 Bcf. Since the AGA began reporting storage data, the
highest ever recorded was 78 Bcf in 1998. If current weather models hold up,
the Midwest and Texas will escape much of the summer's hottest temperatures,
and right now, temperatures are mild across most of the nation. Look for
technical support at the $4.20 level, and resistance is expected at $4.40.
Natural gas for next day delivery across the US and Canada generally slipped
$0.10  $0.15 per MMBtu yesterday, except in the west where most spot prices
rose due to hot weather. Natural for next day delivery at the Henry hub
dropped $0.12 to $4.21 per MMBtu.
________________________________________________

25TH Annual CIS Conference
May 15-18, 2001
Albuquerque, NM

The CIS Conference provides utility management personnel unequaled insight
and current information on customer relationship management (CRM),
e-commerce, technologies and marketing. Fifty-four workshops conducted by
utility industry representatives will focus on issues facing the industry
with over 125 companies exhibiting the latest technologies and services.
Former President George Bush is this year's honored keynote speaker.

Plan now to attend the CIS Conference, May 15 to May 18, in Albuquerque, New
Mexico. To learn more about the Conference and register on-line, please
visit our website at http://www.cisconference.org
_________________________________________________

Natural Gas NYMEX Volume
01JUN   31,687
01JLY    8,252
01AUG    3,731
01SEP    2,665
01OCT    2,878
01NOV    1,411
01DEC    1,912
02JAN    2,614
02FEB    2,190
02MAR    1,617
02APR    2,027
02MAY      998
02JUN       73
02JLY      175
02AUG      128
02SEP       45
02OCT      255
02NOV      176
02DEC      115
03JAN      870
03FEB       87
03MAR       86
03APR       26
03MAY       23
_______________________________________________

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_________________________________________________

Fuel Cells 2000 Unveils New Career Center

     Fuel Cells 2000 has launched an online resource center for individuals
interested in pursuing a professional career in the fuel cell industry.  The
resource was created in response to the hundreds of emails and letters
inquiring about employment opportunities in the growing fuel cell job
market. The Fuel Cell Career Center
(www.fuelcells.org/careercenter/fccenterhome.html) provides information in
three separate areas of activity - Education, Employment Opportunities, and
Professional Development - to service every stage of the job search, from
laying the groundwork with a fuel cell-focused degree to training and
workshops at the professional level. * The Educational Activities section
includes background information for students interested in pursuing an
undergraduate or graduate degree involving fuel cell technologies,
internship opportunities and information on curriculum materials and
educational kits for teachers. * For job seekers, the Employment
Opportunities section of the Career center has listings and links to
websites offering jobs within the fuel cell industry, company profiles to
learn more about individual fuel cell companies and their activities, and
will soon have job posting boards for companies to display employment
listings. * For Professional Activities, Fuel Cells 2000 has compiled a
listing of workshops and seminars to provide opportunities for information
exchange and networking in the fuel cell industry as well as links to
Professional Associations related to engineering, fuel cells and renewable
energy.
__________________________________________________

"New Horizons Solutions for the 21st Century"

An Energy Efficiency Workshop and Exposition
Kansas City, Missouri
June 3 - June 6, 2001

For more information go to http://www.energy2001.eee.doe.gov
_________________________________________________

TransCanada to Sell Natural Gas Marketing Unit

    TransCanada PipeLines plans to sell its money losing natural gas
marketing unit to concentrate on more profitable power generating plants and
pipelines. It expects to begin the sale process within the next couple of
months. The natural gas marketing unit had a C$6 million loss in the first
quarter, compared with a C$10 million profit a year ago. Last year,
TransCanada shed C$3.4 billion in unprofitable businesses.
_________________________________________________

SUNGARDc
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within today's volatile energy market.  Having the right tools to manage and
control those risks has become a determining success factor.  SunGard
provides those tools with Epsilon and Panorama Energy - comprehensive
solutions designed to create measurable competitive advantages for energy
trading organizations and utility companies worldwide.

To receive more information or a free demonstration, we invite you to
contact us at 713-266-7771 or visit our web site at
http://risk.sungard.com/energy.
________________________________________________

Weather

    NOAA says last week's total of 26 heating degrees days was 22 less than
the previous week, 26 below normal and 12 below the same week last year. It
also reported a total of 24 cooling degree days last week, 12 more than the
previous week, 12 above normal and seven above the same week last year. The
latest NWS 6 to 10-day forecast calls for above-normal temperatures for most
of the West and Southeast, with below normal readings expected in the
Northeast. Seasonal temperatures were predicted for the Mid-Atlantic, upper
Midwest and parts of Texas, Florida and the Northwest.
________________________________________________

Upcoming Energy Seminars

Power Techniques for Power Purchasing
Baltimore May 10-11, Kansas City Oct 4-5, Las Vegas Nov 29-30

Gas Contracts A - Z 101 & 202
Houston - Fall(see web page for update)

Natural Gas 101
Dallas June 4-5, Houston July 17-18, Philadelphia Aug 9-10,
Houston Sept 13-14, Atlanta Oct 11-12, Houston Nov 27-28,
Oklahoma City Dec 6-7

FASB 133: Accounting for Derivatives
Houston June 15

Basis Trading - Natural Gas
Houston June 13-14, Philadelphia July 12-13,
Houston Aug 16-17, Toronto Sept 20-21, Houston Oct 16-17,
Atlanta Nov 8-9, Houston Dec 13-14

Petroleum Products Hedging
Houston June 26-27, Houston Sept 27-28, Houston Nov 27-28,

Gas Processing Contracts
Oklahoma City Sept 11-12, Houston Nov 13-14

Electricity 101
Houston Jun 13-14, Houston Sept 5-6, Washington DC Oct 23-24, Houston Dec
5-6

Electricity 202
Houston May 8-9, Houston Nov 6-7

Energy Seminars, Inc
Phone 281-362-7979
See http://www.energyseminars.com for more details.
________________________________________________

Enron's Lay Calls for Open Access to Transmission Grid

    Ken Lay, chairman of Enron, says that generators should have easier
access to the power grid. Lay spoke after receiving the US Energy
Association's 2001 US Energy Award, saying that today we don't have open
access to the transmission grid, and we could get more power into the West
if we had open access. He says the FERC should open up the power grid
throughout the nation so generators no longer have to pay a series of
separate fees to move electricity from one region to another. He also says
FERC has the authority to open up the power grid in the same way that
natural gas pipeline transmissions work. It's clear we've under-invested in
energy infrastructure in the last 10 to 15 years, and it's going to take a
few years to correct that.
________________________________________________

And now there's FASB 133.  So history will affect reported earnings, because
hedge efficiencies and derivative valuations will hit the bottom line.

At FAME, we deliver quality historical information and analysis. For your
FREE copy of the recent report, Protecting Your Earnings: Managing the FASB
133 Challenge, visit www.fame-energy.com
_______________________________________________

Kinder Morgan and Calpine Offer 2 Open Seasons
for Sonoran Pipeline

    Kinder Morgan Energy Partners and Calpine have announced that two open
seasons have begun and will continue through June 1st on the recently
announced Sonoran Pipeline.  A binding open season is being held on Phase
One of Sonoran - which would run from the San Juan Basin in New Mexico to
the California border - to give shippers the opportunity to commit to firm
capacity on the pipeline.  A non-binding open season is being held
simultaneously on Phase Two of the project - which would extend the pipeline
from the California border to the San Francisco Bay area - to give potential
shippers the opportunity to express their interest in obtaining firm
capacity to California delivery points.  Sonoran has received a binding
commitment from Calpine Energy Services for 400,000 Dth per day on Phase One
and a non-binding commitment for 500,000 Dth per day for Phase Two. The
proposed pipeline will be a 1,030-mile, high-pressure interstate natural gas
pipeline from the San Juan Basin in northern New Mexico to markets in
California and is projected to be in-service date by the summer of 2003.
_______________________________________________

Progas Storage Services, Inc

was recently organized to offer specialized natural gas storage services to
marketers and end users servicing the upper Midwest and Northeast market
regions along the major transmission systems in Indiana, Illinois, Kentucky,
and Michigan. PGSMI has 10 bcf of potential working capacity which will
offer service along TXG, ANR, Midwestern, and is currently evaluating for
purchase another 21 bcf of potential working capacity which can be serviced
by these and other systems in the region. PGSMI also explores for natural
gas in the Gulf Coast region through a wholly owned subsidiary. Progas
intends to go public through a route of private industry offerings, and an
IPO or registration. For more information on services or the company mail
to: gastorage@aol.com or for AOL mail to gastorage@aol.com; web site
currently under construction at: http://www.progas.net/wip.

The company's executive and administrative office is located in Abilene,
Texas with storage operations in Owensboro, KY and exploration operations in
Corpus Christi, TX.

Progas Storage Services, Inc
8610 S. Hwy 277
Abilene, TX 79606

Ph 915 698 3699
Fx 915 698 2859
_____________________________________________

Power Suppliers to Meet with California Governor

    Executives from energy suppliers are meeting with Californias governor
today, and several are willing to discuss concessions that include price
limits on power sold within the state. Last week the governor said he would
seek to force the suppliers to accept reduced payment for billions of
dollars owed by the states utilities. In the face of a state investigation
into alleged market manipulation, some generators are willing to discuss
limits on prices for some electricity sold to the state. Williams says it is
prepared to support temporary price controls that would extend through the
summer of 2002. Williams is also willing to discuss a range of possible
alternatives for repayment of past debts owed to it. Reliant will reiterate
an earlier offer to sell some electricity to the state at $20 per MWh if the
buyer will pay for the natural gas to generate the power. Duke Energy has
proposed accepting less than full payment for power sold to the state in
return for an end to state and federal investigations into the prices they
charged. Duke, Enron, AES, Dynegy, Mirant, El Paso Energy, Reliant, and
Williams will all send executives to Sacramento to the meeting.
______________________________________________

GasTrader.Net

BULLS CAUTIOUS
In spite of slip sliding natural gas prices, analysts are still cautiously
bullish. There seems to be little incentive to abandon the bullish cause
with the prospects of hot summer weather looming."This is a weak market, but
I think that below $4.60 you have to anticipate the return of industrial
demand. It's really a wild card as to whether that demand will take the edge
off the current large injections. Over the past month, the market has gone
through a major change. Production has increased, storage  is higher, and
the injection last week at 102 BCF was the largest since June of 1998,' says
George Ellis, broker analyst with BNP Paribas, New York. "I was skeptical of
 the whole concept of demand erosion, but it's obviously real and when you
combine that with an increase in production, the supply demand balance
becomes clear. There is potentially more room to the downside, but the wild
card is weather and if that kicks in, prices could move sharply higher. If
prices fell to $4.38 then that would be a reason to put on another 25%
hedge. As long as we're holding these prices I think there's a good chance
prices will rally higher. I'm cautiously bullish. I would not be an
aggressive seller," he said.

For a Complimentary 5 week GasTrader Subscription go to
http://www.gastrader.net or call 303/761-7470
_____________________________________________________

TRENTON/BLACKRIVER "BOOM" IN WEST VIRGINIA

Land and Mineral Development LLC., Vienna, West Virginia, owns 85,000 acres
of mineral rights in Southeastern West Virginia. The first
Trenton/Blackriver production found in the state, was in a well drilled in
1962 by Tidewater Oil Company adjoining our property. We need an industry
partner. Geophysicist report and other information available.  The 85000
acres would also make a great gas storage field.

We also have another small storage field for sale near the new Trenton
Wells.

Email - Driller@wirefire.com
Qualified Industry Principals only please.
This is not an offer to sell anything to anyone.

Land and Mineral Development LLC.,
P.O. Box 5370
Vienna, West Virginia, 26105
(304) 295-3333
_______________________________________________

Blackouts Hit California Again

    California residents suffered through a second day of rolling blackouts
yesterday as temperatures soared, driving demand ahead of supply. The
California ordered that as of 3:10 PM the state's utilities must cut 400 MW.
Blackouts had been forecast by the ISO since early in the morning with the
heat coming at a time when many power plants are still off-line for
maintenance. The Los Angeles Department and Power, was as usual was excluded
from the blackouts. The LADWP is not under the ISO's control and has more
than enough generation to meet its demand. The ISO said demand was running
about 1,000 MW above Monday's levels. Earlier Tuesday, the ISO had projected
blackouts could be ordered before noon, but the return to service of two
500-kilovolt lines operated by BC Hydro meant more power was able to flow
south. About 700 MW produced by small suppliers, known as Qualifying
Facilities, are currently offline because they have not been paid. The hot
temperatures are likely to continue today, with the threat of more
blackouts.
_______________________________________________

CAMINUS
ENERGY SOFTWARE
SHOWCASE 2001
HOUSTON, TEXAS

You're Invited
To a four hour exposition of software and services that will set the new
standard for the energy trading, scheduling, and risk management. Join us
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Thursday, June 14, 2001. 3p.m. to 7p.m.
Houston Petroleum Club
800 Bell Avenue, 43rd Floor

For more information or to register on-line, visit http://www.caminus.com.
You may invite up to two qualified colleagues to join you.

Nucleus Software . ZaiNet Software
ZaiNet Gasmaster 2 . ZaiNet WeatherDelta
___________________________________________________

FINANCIAL SUMMARY
The TSE 300 gained 41.60 points to 8064.20
The CRB Index lost 0.02 points to 214.60
The US Dollar increased 0.69 points to 116.08
The Dow declined 51.66 points to 10883.51
The S&P 500 lost 2.31 points to 1261.20
The Nasdaq was up 25.20 points to 2198.77
June NYMEX Crude Oil dropped 0.47 to 27.39
Canadian-US Exchange rose .0041 to 1.5444
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