Dallas-based TXU Corp. said Friday that it will pay $150 million to settle a class action lawsuit filed in October 2002 related to its 2002 stock price collapse over credit troubles involving its European operations. In settling the litigation, TXU Corp. denied any liability.
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TXU Pays $150M to Settle Class Action Lawsuit
Dallas-based TXU Corp. said Friday that it will pay $150 million to settle a class action lawsuit filed in October 2002 related to its 2002 stock collapse over credit troubles involving its European operations. In settling the litigation, TXU Corp. denied any liability.
CA Firm in Talks for $150M E&P with International Firm
While still holding out the carrot of a possible 40-well, 3 Tcf natural gas play in the agricultural fields west of the central California valley town of Delano, Tri-Valley Corp. of Bakersfield announced that it has a letter of intent to sign a deal with an unnamed, privately held international energy company that wants to develop the prospective gas field in conjunction with building a baseload merchant electric generating plant. Tri-Valley called the field its Sunrise Natural Gas Project.
CA Firm in Talks for $150M E&P with International Firm
While still holding out the carrot of a possible 40-well, 3 Tcf natural gas play in the agricultural fields west of the central California valley town of Delano, Tri-Valley Corp. of Bakersfield announced Wednesday that it has a letter of intent to sign a deal with an unnamed, privately held international energy company that wants to develop the prospective gas field in conjunction with building a baseload merchant electric generating plant. Tri-Valley called the field its Sunrise Natural Gas Project.