Alters

Denbury Cuts Spending, Alters Hedges Due to Enron Exposure

Denbury Resources said it has reduced its projected 2002 development and exploration budget by $25 million (20%) to $95 million to adjust for the loss in potential revenue and cash flow during 2002 from its natural gas hedges with Enron Corp. and for the general decline in commodity prices.

December 12, 2001

New York’s PSC Alters State Billing Methods

Sparked by demand to simplify the billing procedures in itsderegulated electricity and gas industries, the New York StatePublic Service Commission (NYPSC) approved a recommendationyesterday allowing customers who choose an alternative supplier theoption to receive a single, combined bill for each utility service.

March 1, 2000