DUK: Duke Energy Corporation Message Board

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Gold/Mining/Energy : DUK: Duke Energy Corporation

DUK 124.30

-0.7%

Oct 31 9:30 AM EDT

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To: TideGlider who wrote (1)	5/26/2002 8:57:26 PM
From: Raymond Duray	of 27

Trading down: Once the darlings of Wall Street, energy merchants face a low-key future after wave of scandal and scrutiny chron.com By LAURA GOLDBERG Houston Chronicle In some ways, an MBA sitting in front of a computer replaced the grizzled roughneck in recent years as the icon of Houston's energy industry. Across the city, hundreds of young professionals were drawn to massive trading floors at companies such as Enron Corp., Dynegy, Reliant Resources or Duke Energy Corp. They bought and sold electricity and natural gas, or managed complex financial contracts. Though some of these energy merchants had long dealt in natural gas, the promise of big profits in the nascent wholesale power business made them favorites on Wall Street and, collectively, a staple of the city's new energy economy. Today, the industry is under siege....... <Continues........>

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