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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Bobby Yellin who wrote (40817)	9/25/1999 10:24:00 AM
From: long-gone	Respond to of 116929

Public Service Company Completes Successful Y2K drill September 9, 1999 DENVER -- Public Service Co. of Colorado, joined by other electric utilities around the country, successfully completed a major Y2K drill on Wednesday evening. The drill was a major rehearsal for the real year 2000 transition on New Year?s Eve. ?The drill was a successful ?dress rehearsal? for our Y2K staff,? said Bob Ray, Y2K program manager for Public Service Co. ?We were able to place more than 300 people in the field, at key locations, where they will be assigned on New Year?s Eve. We also tested our backup communications systems.? Public Service Co. announced on June 30 that all of its critical computer systems and equipment used to deliver energy were Y2K ready. The company also has moved the clocks forward at many of its largest power plants, to effectively bypass the New Year?s date transition. Yesterday?s drill gave the company an additional opportunity to test staff readiness and manual backup procedures on a large scale.(cont) psco.com but the normal service is: PSCo Customers may be in Line for Credit September 2, 1999 DENVER ? Electricity customers of Public Service Co. of Colorado may be in line for a small bill credit in 2000, unless the company can make up ground in its electricity reliability index. Under a ?quality of service plan? established by the Public Utilities Commission for Public Service Co., the company is required to make refunds if the company does not meet certain established service criteria. Based on electricity reliability results for the first six months of 1999, the average Public Service Co. customer could be without power for about 93 minutes during the year. The 1999 target is 79 minutes or less. Unless Public Service Co. manages to reduce the average time without service during the last six months of 1999, the company could be in line for a $3 million penalty under the quality of service plan. (cont) psco.com

To: Bobby Yellin who wrote (40817)	9/25/1999 1:16:00 PM
From: goldsnow	Respond to of 116929

When all the talk among the finance ministers is over, Japan is likely to be a Group of One on this issue. While G-7 finance ministers have stressed the importance of a Japanese economic recovery to the rest of Asia, they have been just as adamant that the government must pump up domestic demand, not rely on exports, to power the economy forward. U.S. Treasury Secretary Lawrence Summers underlined the point Thursday night, saying ``Japanese policy steps will be crucial' in determining the yen's value. ``As far as anyone can figure out, there is no agreement' among the G-7, said Edward Lincoln, a senior fellow at the Brookings Institution. ``Larry is a dyed-in-the-wool neoclassical economist. He doesn't believe in intervention.' quote.bloomberg.com

To: Bobby Yellin who wrote (40817)	9/25/1999 1:26:00 PM
From: goldsnow	Respond to of 116929

Mexico City-based Grupo Mexico, one of the world's top ten copper miners, said it was offering $26 a share cash for New York-based Asarco . The bid positioned Grupo Mexico as a potential white knight for Asarco, topping Phelps Dodge Corp.'s (NYSE:PD - news) hostile cash and stock bid for Asarco worth about $983 million, or $24.71 a share at Friday's closing stock prices. ``We will commence Monday a tender offer, through a wholly owned subsidiary, to Asarco's shareholders for all outstanding shares of Asarco at $26.00 per share in cash,' Grupo Mexico said in a letter to Asarco's board of directors. dailynews.yahoo.com ps. We got to see big merger in Gold miners shortly...I bet on a scale of ABX-NEM with others AU-PDG? soon to follow...