600M

The American Gas Association (AGA) called on Congress Friday to increase funding for the Low-Income Home Energy Assistance Program (LIHEAP) to avoid a crisis situation this winter heating season.

The American Gas Association (AGA) called on Congress Friday to increase funding for the Low-Income Home Energy Assistance Program (LIHEAP) to avoid a crisis situation this winter heating season.

A bipartisan group of 36 senators has called on Appropriations Committee leaders to set aside $600 million in emergency funding to assist senior citizens and low-income families with soaring energy costs this upcoming winter.

A bipartisan group of 36 senators has called on Appropriations Committee leaders to set aside $600 million in emergency funding to assist senior citizens and low-income families with soaring energy costs this upcoming winter.

Sierra Pacific Resources and subsidiary Nevada Power filed a lawsuit last Monday against El Paso, Sempra Energy and Dynegy, charging the companies and Enron conspired to restrict pipeline capacity and gas supplies and made false price reports in order to drive up prices. The lawsuit, filed in U.S. District Court in Las Vegas seeking $600 million in damages, alleges the companies engaged in restraint of trade, fraud, violation of Nevada’s RICO Act and civil conspiracy.

Sierra Pacific Resources and subsidiary Nevada Power filed a lawsuit Monday against El Paso, Sempra Energy and Dynegy, charging the companies and Enron conspired to restrict pipeline capacity and gas supplies and made false price reports in order to drive up prices. The lawsuit, filed in U.S. District Court in Las Vegas seeking $600 million in damages, alleges the companies engaged in restraint of trade, fraud, violation of Nevada’s RICO Act and civil conspiracy.

Dallas-based Hunt Oil Co. snagged another gas-rich Canadian property last week by reaching an all-cash deal to acquire Edmonton-based Chieftain International Inc. With the unanimous support of both boards, Hunt will pay $29 per share, making the deal worth $600 million (C$915 million). Hunt also will assume about $15 million in debt.

Dallas-based Hunt Oil Co. snagged another gas-rich Canadian property on Tuesday by reaching an all-cash deal to acquire Edmonton-based Chieftain International Inc. With the unanimous support of both boards, Hunt will pay $29 per share, making the deal worth $600 million (C$915 million). Hunt also will assume about $15 million in debt.