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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Douglas V. Fant who wrote (53614)	10/27/1999 9:18:00 AM
From: BigBull	Read Replies (2) \| Respond to of 95453

Douglas, thanks (sure hope you're right) Looks like Indonesia may be warming up - OS wise. biz.yahoo.com Does MDR have the biggest market share for pipe laying/burial in the Far East (of US company's)? TIA

To: Douglas V. Fant who wrote (53614)	10/27/1999 8:48:00 PM
From: Think4Yourself	Read Replies (1) \| Respond to of 95453

OT: AEP in even bigger trouble! Good news for NG, bad for coal. Glad I don't own AEP stock. AEP May Face Clean-Air Act Lawsuit From Environmental Groups Columbus, Ohio, Oct. 27 (Bloomberg) -- American Electric Power Co., the largest U.S. generator of coal-fired electricity, has been warned it will be sued by a group of environmental organizations who allege it has violated the Clean Air Act. Columbus, Ohio-based American Electric Power said it has received a letter from the environmental groups, saying they plan to file suit against the company in 60 days. New York Attorney General Eliot Spitzer filed a similar notice with AEP and several other Midwest utilities in September. Environmentalists argue that AEP rebuilt some power plants, and that under the Clean Air Act, rebuilding a plant requires a utility to install expensive new equipment to meet current pollution standards. Instead, the utility incorrectly labeled the work ``routine maintenance,' and didn't reduce enough emissions, the environmentalists say. ``Many of these plants have been in violation of the Clean Air Act for years,' said Kurt Waltzer of the Ohio Environmental Council, one of the organizations planning to file suit. AEP denies that the work it performed on the plants required it to add more pollution controls. ``What we did our facilities was maintenance,' said Pat Hemlepp, a spokesman for American Electric Power. ``We have not done anything at any of the facilities to increase its ability to generate electricity.' Northeastern states have claimed for years that pollution from power plants in the Midwest drifts to the Northeast, polluting the air above their cities. AEP and other utilities in the Midwest have disputed claims that emissions from their coal plants are a major cause of pollution in the East. Midwestern utilities say coal plants and other pollution sources located in the East foul the air in the region. AEP owns utilities serving 3 million customers in Ohio, Indiana, Kentucky, Michigan, West Virginia and Tennessee. Shares of AEP rose 11/16 to 33 15/16 in late trading.