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The North American Electric Reliability Council (NERC) on Friday said that generating resources will be adequate to meet electricity demands throughout North America this winter, even though peak demand in North America for this winter is projected to be 9.2% higher than last winter.

Concerns about the amount of cash that Dynegy Inc. and its subsidiaries will be able to generate, and the continuing worries about the energy merchant’s ability to refinance debt obligations not due until next year, led Moody’s Investors Service to downgrade the Houston-based company’s credit ratings on Thursday. Those included in the latest cuts were parent corporation Dynegy Inc., Dynegy Holdings Inc., its primary operating subsidiary, and that of Illinois Power, its largest utility.

Concerns about the amount of cash that Dynegy Inc. and its subsidiaries will be able to generate, and the continuing worries about the energy merchant’s ability to refinance debt obligations not due until next year, led Moody’s Investors Service to downgrade the Houston-based company’s credit ratings on Thursday. Those included in the latest cuts were parent corporation Dynegy Inc., Dynegy Holdings Inc., the primary operating subsidiary, and that of Illinois Power, its largest utility.

Companies from all sectors of the gas industry were able to save a total of 42 Bcf of gas, or about $126 million at a gas value of $3/Mcf, by reducing methane emissions from unit operations and equipment leaks, according to annual results recently released on the Natural Gas STAR Program by the U.S. Environmental Protection Agency (EPA). The EPA said the savings surpassed the STAR program’s 40 Bcf goal for 2001.

Beleaguered CMS Energy said Monday it will not be able to certify the truthfulness of its 2000, 2001 and its semi-annual 2002 financial statements to the Securities and Exchange Commission (SEC) this week, as many publicly held companies will be doing, until it completes its internal investigation into bogus round-trip trading activity. The company had already informed the SEC it was conducting the investigation.

FERC Chairman Pat Wood last Wednesday told federal lawmakers his agency hopes to be able to hand over to Congress in the next two weeks an interim report on the status of its five-month investigation into allegations that suppliers manipulated natural gas and electricity prices in California and other western energy markets.

FERC Chairman Pat Wood on Wednesday told federal lawmakers his agency hopes to be able to hand over to Congress in the next two weeks an interim report on the status of its five-month investigation into allegations that suppliers manipulated natural gas and electricity prices in California and other western energy markets.

FERC Chairman Pat Wood on Wednesday told federal lawmakers his agency hopes to be able to hand over to Congress in the next two weeks an interim report on the status of its five-month investigation into allegations that suppliers manipulated natural gas and electricity prices in California and other western energy markets.

The sole remaining Republican appointee on the five-member California Public Utilities Commission, Henry Duque, received a four-week extension to his term to have time to file an appeal of an earlier ruling regarding alleged conflict-of-interest violations involving his ownership of telecommunications stock of a company the CPUC regulates. The extension was granted despite an earlier court ruling recommending his removal from the state regulatory panel.