General Interest 2001 P

11/26/2001 -- Enron shares continues slide in heavy trading
Enron Corp. share slipped another 15% Monday, closing at $4.01 in another day of heavy trading. The closing price is about 60% below the value of Dynegy Corp.'s offer of the equivalent of $10.54/share based on Dynegy's Monday close of $39.25, down $1.15 for the day.
11/26/2001 -- FERC underestimated power pollution, NAFTA report says
New electric generating plants scheduled to sell power to the US could increase pollution in Canada and border states in Mexico, a commission created by the North American Free Trade Agreement reported today. The commission report also concluded the US Federal Energy Regulatory Commission seriously underrated how much opening the electricity generation sector to wholesale competition would affect air pollution.
11/26/2001 -- Gathering gloom over OPEC's 'Russian roulette' ignores likelihood of a new supply disruption
Gloom-gathering over OPEC's "Russian roulette" gambit overlooks the likelihood of a supply disruption at the turn of the year.
11/21/2001 -- Enron improves liquidity, reaffirms commitment to Dynegy merger
Enron Corp. has closed on the remaining $450 million of a previously announced $1 billion in secured credit lines. It also reaffirmed its commitment to the merger with Dynegy Inc.
11/21/2001 -- Enron obtains more credit, reaffirms commitment to Dynegy merger
Enron Corp. said Wednesday it has closed on the remaining $450 million of a previously announced $1 billion in secured credit lines. Enron Chairman Ken Lay also reaffirmed its commitment to the merger with Dynegy Inc.
11/21/2001 -- Calpine plans $500 million, 1,000 Mw-power plant in eastern Virginia
Calpine Corp. said Wednesday it will build and operate a 1,000-Mw combined-cycle, gas-fired electric power generating facility on Gravel Neck, Surry County, Va.
11/21/2001 -- California expects adequate electricity supplies for next summer
The California Energy Commission Tuesday predicted the state would have adequate supplies of electricity next summer if planned power plants are built and current levels of conservation continue.
11/21/2001 -- Market watch: Energy futures higher on non-OPEC discussions
Energy futures prices advanced in trading on the New York Mercantile Exchange Tuesday. The market reacted to signs of producers leaning towards cooperating with the Organization of Petroleum Exporting Countries to cut production.
11/21/2001 -- Vector opens first of two Indiana gas interconnections with NIPSCO
Vector Pipeline LP has opened an interconnect between its gas transportation system and that of Northern Indiana Public Service Co. at Crown Point, Ind.
11/20/2001 -- Newly merged GlobalSantaFe prepares for market challenges
With the merger Tuesday of Global Marine Inc. and Santa Fe International Corp., the top priority is their proper integration into the new GlobalSantaFe Corp., the world's second largest offshore drilling contractor.
11/20/2001 -- Western Resources alleges New Mexico utility violating agreement
Western Resources, Topeka, Kan., Tuesday filed suit in a New York court alleging Public Service Co. of New Mexico violated an agreement to buy Western's electric utility subsidiaries. Western Resources also asked the court to dismiss PNM's Oct. 12 petition asking the court to void the agreement. On Nov. 8, 2000, PNM agreed to purchase Western Resources' utility operations in a $4 billion stock-for-stock transaction.
11/20/2001 -- Santos USA acquires Texas Gulf Coast project interests
Santos USA Corp., a subsidiary of Australian company Santos Ltd., has acquired interests in several projects onshore the Texas Gulf Coast from several companies for $28.5 million.
11/20/2001 -- Market watch: Energy prices firm slightly in uncertain markets
Energy futures prices firmed slightly Monday in still uncertain international markets. The new near-month January contract for benchmark US sweet, light crudes inched up 6¢ to $18.43/bbl.
11/20/2001 -- Reliant Resources reduces development projects while boosting US acquisitions
Joe Bob Perkins, executive vice-president of Reliant Resources Inc., said his firm is scaling back development projects but remains interested in buying assets.
11/19/2001 -- Enron faces Nov. 26 deadline on partnership collateral
Enron Corp. in government filings Monday said it has until Nov. 26 to post collateral for a $691 million note associated with a partnership and faces the potential of writing down the value of more assets in the fourth quarter. The company said it is working with lenders to develop an amendment or waiver with respect to the $691 million note to avoid an early payment obligation.
11/19/2001 -- Senate Democrats will propose federalizing nuclear plant guards
US Sens. Harry Reid (D-Nev.), assistant majority leader, and Hillary Rodham Clinton (D-NY) said they will introduce legislation to make nuclear plant guards federal employees. The senators said the legislation, to be introduced after the Thanksgiving recess, will deal with vulnerabilities in the security forces, the physical layout of the plants, and the emergency response capabilities of the nation's nuclear facilities.
11/19/2001 -- ChevronTexaco CEO defends Dynegy-Enron investment
ChevronTexaco Corp. CEO David J. O'Reilly Monday defended the oil company's decision to back Dynegy Inc.'s proposed buyout of troubled energy marketer Enron Corp., despite a raft of shareholder lawsuits filed against Enron. While the litigation issue is 'big and complex,' O'Reilly said there are methods to measure the risk.
11/19/2001 -- Edison won't pay QFs past due bills until end of 2002 second quarter
Financially ailing Edison International doesn't expect to pay most creditors until the end of the first quarter of 2002, company officials said Monday. Small generators known as qualifying facilities (QF) can expect to get their money by the end of the second quarter 2002, Edison officials explained. CFO Ted Craver said a new agreement will have to be worked out with the QFs.
11/19/2001 -- Merger of Conoco, Phillips would unite two North Sea pioneers
The merger of Conoco Inc. and Phillips Petroleum Co. would unite two companies who were first to develop gas fields in the southern sector of the North Sea and who led the way in technical innovation when developing large oil fields in the more hostile waters of the Northern sector.
11/19/2001 -- France's EDF to buy TXU Europe's UK assets for $2.4 billion
State-owned Electricite de France Monday said it agreed to buy TXU Europe's UK electric distribution business for $1.9 billion and through its London Electricity Group PLC will buy TXU's UK West Burton power plant for $523 million. Proceeds from the sale of Eastern Electricity Ltd. and the 2,000 Mw Burton power plant will be used to restructure the debt of TXU Europe Ltd., a unit of TXU Corp., Dallas, Tex., company officials said.

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General Interest 2001 P