2003

A dismissed Dynegy Corp. trader has been indicted on charges that she reported fake natural gas trades on three separate occasions in late 2000 and early 2001 to an energy publication for use in calculating its index price for gas.

In response to the sharp decline in market liquidity due to credit issues and heavy collateral requirements, the Federal Energy Regulatory Commission and the Commodity Futures Trading Commission (CFTC) will for the first time hold a joint agency conference to address potential solutions.

A financial analyst firm has warned investors that the parent El Paso Corp. (EP) is siphoning off cash from its pipeline units and has made two of the pipelines, El Paso Natural Gas and Tennessee Gas co-obligators on $2 billion of corporate debt.

A financial analyst firm has warned investors that the parent El Paso Corp. (EP) is siphoning off cash from its pipeline units and has made two of the pipelines, El Paso Natural Gas and Tennessee Gas co-obligators on $2 billion of corporate debt.

El Paso Corp. disclosed Monday it has provided the U.S. Attorney’s Office in Houston with details of more incidents in which its employees gave deceptive information on natural gas trades to the energy trade publication, Platts’ Inside F.E.R.C. At the same time, federal prosecutors said in court the false reporting practices of El Paso traders were part of a two-year-old conspiracy to manipulate energy prices.

President Bush’s proposal to eliminate dividend taxation for investors as part of his sweeping economic stimulus package unveiled last Tuesday is expected to have significant benefits for the energy industry, notably natural gas and electric utilities, said energy analysts and industry groups.

Oneok Inc. reported it has received a subpoena from the Commodity Futures Trading Commission (CFTC) for information related to certain trading transactions by energy and power marketing firms.

President Bush’s proposal to eliminate dividend taxation for investors as part of his sweeping economic stimulus package unveiled Tuesday is expected to have significant benefits for the energy industry, notably natural gas and electric utilities, said analysts and industry groups.

Natural Gas Pipeline Co. of America (NGPL) Tuesday was awarded a certificate by the Federal Energy Regulatory Commission to convert 10.7 Bcf of cushion gas into working gas at its North Lansing storage field in Harrison County, TX.