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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Dennis Roth who wrote (125732)	12/2/2009 8:21:40 AM
From: Dennis Roth	Read Replies (1) \| Respond to of 206112

Spark Spread Biweekly Tracking Changes in Power Commodities 41 pages citigroupgeo.com In This Issue — PCG: Regulatory Chess Match To Begin Shortly. DUK: SC Rate Case Settlement – In line with NC; CIRA Estimates. ED: NY Electric Rate Case Settlement - Neutral; Tweaking Estimates. NVE: Post 3Q Tweaks; Nevada Data Lags US. PPL: Hidden Beneficiary of Weak Dollar. NRG: Investor Day Focuses On Long Term Strategy. D: Downgrading to Sell; Valuation Stretched. AEP: Staff's SEET Recommendation A Potential Negative. EIX: Still Waiting For The Dawn. PNW: ALJ Approves Settlement Essentially As Is; Maintain Buy Rating. FE: Tweaking Estimates; Reducing '11 Outlook - Maintaining Buy. And more... See page 33 for details. Long Term Gas Up — In the past two weeks, longer-term gas prices increased 1.47%. The 2009 price is now at $3.95/MMbtu, the 2010 price is $5.59/MMbtu and the 2011 price is $6.59/MMbtu. This compares to our previous report’s, $3.95/MMbtu for 2009, $5.34/MMbtu for 2010, $6.32/MMbtu for 2011; see page 16 for further details. Market Heat Rates Flat — In the past two weeks, longer term market heat rates increased 0.11%. Current flat market rates are 7,835 btu/KWh for 2009, 7,330 btu/KWh for 2010, and 7,195 btu/KWh for 2011. This compares to our previous report’s 7,764 btu/KWh for 2009, 7,340 btu/KWh for 2010 and 7,226 btu/KWh for 2011; see page 30. Sparks, CAPP Darks & PRB Darks Up – For the last two weeks, forward 2010E and 2011E sparks, CAPP darks, and PRB dark spreads were all up.