ILN: Illinova Corporation Message Board

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Gold/Mining/Energy : ILN: Illinova Corporation

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From: deepenergyfella	12/19/2000 2:18:11 PM
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There is a mention of ILN in an Article on P.170 of Fortune Dec 18th issue. The story mentions DYNERGY and mentions they (Illinova) use 21000 tons of coal every day. (so you might want to find out who mines/markets the coal ie. Luscar Coal income fund is low priced now, but if gas stays high you can bet they will be forced to used more coal until gas drops.) They almost went bankrupt in 1998 when they were doing there own trading and lost $60 million during a summer heat wave but then eventually gave the trading/marketing side over to DYN who turned things around considerably for ILN. Seemed like an interesting article although I don't know much about the rest of what Illinova owns or does. d.e.f

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