343 lines
13 KiB
Plaintext
343 lines
13 KiB
Plaintext
Message-ID: <29047148.1075855478676.JavaMail.evans@thyme>
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Date: Tue, 31 Oct 2000 22:52:00 -0800 (PST)
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From: enerfax1@bellsouth.net
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To: enerfaxweb@egroups.com
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Subject: Enerfax Daily's free web version of gas & power prices and info Fw:
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Click and go to http://www.enerfax.com if can not view properly.htm
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Mime-Version: 1.0
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Content-Type: text/plain; charset=ANSI_X3.4-1968
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Content-Transfer-Encoding: 7bit
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X-From: "fastaccess" <enerfax1@bellsouth.net>
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X-To: <enerfaxweb@egroups.com>
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X-cc:
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X-bcc:
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X-Folder: \Frank_Ermis_Dec2000\Notes Folders\Discussion threads
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X-Origin: Ermis-F
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X-FileName: fermis.nsf
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?
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Subject: Click and go to http://www.enerfax.com if can not view properly.htm
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?
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[IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE]
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[IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE]
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[IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE]
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[IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE]
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[IMAGE]
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[IMAGE]
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Click here for a daily email link
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Enerfax Daily
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[IMAGE]
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[IMAGE]
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Enerfax Daily? -? Page ? -? October 31, 2000? -? ? Need a Past Issue
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-Click Here
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[IMAGE]
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[IMAGE]
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[IMAGE]
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Enerfax Daily? -? Page ? -? October 31, 2000
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[IMAGE]
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[IMAGE]
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[IMAGE]
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[IMAGE]
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Enerfax Daily? -? Page ? -? October 31, 2000
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[IMAGE]
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[IMAGE]
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Enerfax Daily? -? Page 6? -? October 31, 2000
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[IMAGE]
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Public Offered Units of Williams
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Energy Partners
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? ? Williams will offer the public a 32% stake in its Williams Energy
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Partners petroleum storage and distribution partnership. Williams Energy
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Partners filed with the SEC to register 3.75 million common units, which
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will be listed on the NYSE under the symbol 'WEG'. Williams will own 68% of
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the Williams Energy partnership after the sale. The partnership consists of
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four petroleum products terminals along the Gulf Coast and the New York
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harbor, 24 inland petroleum product terminals and an ammonia pipeline.
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Lehman Brothers will underwrite the sale which is expected to begin next
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January. The estimated total proceeds would be about $90 million if the
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underwriters exercise an option to sell an additional 562,500 units if
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needed to meet investor demand. If that overallotment option is
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exercised, the public would have a 37% stake in the partnership. The four
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marine terminals have a storage capacity of more than 17.6 million barrels.
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The 1,100 mile-long pipeline transports and distributes ammonia from
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production facilities in Texas and Oklahoma to various distribution points.
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Ammonia is produced from natural gas and is used primarily as a nitrogen
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fertilizer. Williams did not name an individual price for the common units.
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It would expect to receive net proceeds of about $70 million from the sale
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of the 3.75 million common units, based on a? unit price of $20. WEG will
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use the proceeds, together with $90 million from its line of credit, to
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repay $156 million of debt owned to Williams. Williams Energy will offer
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holders of the units a quarterly distribution of $0.52 per unit each
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quarter. Last week, Williams said third-quarter profit more than quadrupled,
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beating estimates.
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[IMAGE]
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[IMAGE]
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Enerfax Daily? -? Page 7? -? October 31, 2000
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[IMAGE]
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[IMAGE]
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[IMAGE]
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[IMAGE]
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[IMAGE]
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For more information, please Contact Ron Ford
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at Ziff Energy Group, Houston, TX
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(713) 627-8282 or Toll Free: 1-888-736-5780
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Also, visit our web-site, www.ziffenergy.com, to review our Brochure.
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[IMAGE]
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[IMAGE]
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DTE, MCN Merger to Close Next Year
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? ? DTE Energy Holding says it is unlikely that the merger with MCN Energy
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Group will close this year. The delay is due to the companies' decision to
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sell a portion of MCN's natural gas distribution capacity to a unit of
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Exelon, which is subject to Michigan PSC review.
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[IMAGE]
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Financial Summary
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[IMAGE]
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[IMAGE]
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The TSE 300 fell 68.80 points to 9253.10
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The CRB Index lost 0.88 points to 218.38
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The US Dollar decreased 0.16 points to 117.14 The Dow advanced 244.77 points
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to 10835.77
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The S&P 500 gained 19.07 points to 1398.65
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The Nasdaq was down 87.02 points to 3191.34 December NYMEX Crude Oil rose
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0.07 to 32.81 Canadian-US Exchange climbed .0038 to 1.5310
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")} TC
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