Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Douglas V. Fant who wrote (81217)	12/10/2000 10:51:05 AM
From: isopatch	Read Replies (2) \| Respond to of 95453

Good idea Doug. Very much appreciate your informative and focused views of the complex political & economic issues involved in electric power generation and distribution, as well as insights into the gas to power sector. OT/So how bout that monster soccer team Stanford had this season?! They bested quite a few dynasty teams to earn that #3 national ranking by seasons end. Best Iso

To: Douglas V. Fant who wrote (81217)	12/10/2000 12:09:16 PM
From: excardog	Read Replies (2) \| Respond to of 95453

Doug A good way to play the power industry might be found in the Holders issue UTH, it includes ENE,DYN, DUK and several others. I have noticed the index is having trouble breaking the 400 barrier but for those with a longer time frame this could be a nice easy way to play. Symbol UTH :http://www.amex.com/structuredeq/holdrs_uth.stm Contract Specifications The Utilities HOLDRSSM HOLding Company Depository ReceiptS - UTH Description of Product The Utilities HOLDRSSM will issue Depositary Receipts called Utilities HOLDRS SM representing an undivided beneficial ownership in the common stock of a group of specified companies that are involved in various segments of the utilities industry. The Bank of New York is the trustee. Utilities HOLDRS may be acquired, held or transferred in a round-lot amount of 100 Utilities HOLDRS or round-lot multiples. Utilities HOLDRS are separate from the underlying deposited common stocks that are represented by the Utilities HOLDRS. The Utilities HOLDRS Trust is not a registered investment company under the Investment Company Act of 1940. Composition of Utilities HOLDRS The specific share amounts for each round-lot of 100 Utilities HOLDRS are set forth in the table below. The share amounts specified will not change except for changes due to corporate actions or reconstitution events. Component list as of 10/23/00. Name & Symbol # Of Shares Name & Symbol # Of Shares American Electric Power (AEP) 14 Exelon Corporation (EXC) 15 Carolina Power & Light Company (CPL) 7 FirstEnergy Corp. (FE) 10 Dominion Resources Inc. (D) 11 FPL Group, Inc. (FPL) 8 Duke Energy Corporation (DUK) 15 PG&E Corp. (PCG) 17 Dynergy Inc. (DYN) 12 Public Service Enterprise Group Inc. (PEG) 10 Consolidated Edison, Inc. (ED) 9 Reliant Energy (REI) 13 Edison International (EIX) 15 Southern Company (SO) 29 Enron Corp. (ENE) 12 TXU Corp. (TXU) 12 El Paso Energy Corporation (EPG) 10 The Williams Companies, Inc. (WMB) 20 Entergy Corporation (ETR) 10 Please refer to the prospectus for a more complete discussion of reconstitution events and how they may affect shareholders of Utilities HOLDRS. Trading Unit A round lot is 100 HOLDRS. Odd lots (fewer than 100 HOLDRS) WILL NOT TRADE. Price Quotations Quoted in dollars and fractions of a dollar per HOLDRS. Minimum “tick” is 1/16th ($0.0625). How to Purchase or Sell Utilities HOLDRS Internet HOLDRS may be acquired in two ways: through the deposit of the required number of shares of common stock of the underlying issuers with the trustee, or through a cash purchase in the secondary trading market. Utilities HOLDRS may be disposed of in two ways: Utilities HOLDRS may be canceled by turning them into the trustee, The Bank of New York, and withdrawing the underlying securities, or Utilities HOLDRS may be sold on the secondary market. Selling Short Exempt from SEC Rule 10a-1(short sale rule). Life of Utilities HOLDRS Trust The Utilities HOLDRS Trust will terminate should any of the following occur: The Utilities HOLDRS are delisted from The American Stock Exchange and are not listed for trading on another national securities exchange or through Nasdaq within 5 business days from the date of delisting. The Trustee resigns and no successor trustee is appointed within 60 days from the date the trustee provides notice of its intent to resign. 75% of beneficial owners of outstanding Utilities HOLDRS vote to dissolve and liquidate the trust. Final termination date December 31, 2040. If a termination event occurs, the trustee will distribute the underlying securities to owners as promptly as practicable after the termination event. Shares Outstanding The number of outstanding Utilities HOLDRS will increase and decrease as a result of deposits and withdrawals of the underlying securities. The trust will stand ready to issue additional Utilities HOLDRS on a continuous basis when an investor deposits the required shares of common stock with the trustee. Fees and Expenses Custody Fees: The Bank of New York, as trustee and custodian, will charge you a quarterly custody fee of $2.00 for each round-lot of 100 Utilities HOLDRS to be deducted from any cash dividend or other cash distribution on underlying securities received by the trust. The Trustee will waive any portion of the custody fee which exceeds the total cash dividends and other cash distributions received. Issuance and Cancellation Fees: Utilities HOLDRS may be created by delivering to the trust the requisite whole shares of common stock evidencing an Utilities HOLDRS, The Bank of New York as trustee will charge an issuance fee of up to $10.00 for each round-lot of 100 Utilities HOLDRS. To cancel Internet HOLDRS and withdraw the underlying securities, The Bank of New York as trustee will charge a cancellation fee of up to $10.00 for each round-lot of 100 Utilities HOLDRS. You can only deposit or cancel Utilities HOLDRS on an in-kind basis in round-lots of 100 Internet HOLDRS. Minimum Customer Margin For purchases, 50%; for short sales, 150%. Settlement Date For trades, three New York business days. HOLDRS are in book-entry form held at The Depository Trust Company (DTC). Settlement Next New York business day following expiration. Trading Hours 9:30 a.m. to 4 p.m. New York time. Trading System Specialist/Registered Options Trader. CUSIP Number 918 019 10 0