Addressing

Addressing speculative rumors of large losses due to plummeting natural gas futures values, Houston-based energy hedge fund Trident Asset Management LP. said Friday that contrary to trader gossip, the fund has suffered “no major losses” and is doing fine, thank you very much.

Addressing the recent spike in natural gas futures prices, Jon M. Huntsman, the founder and chairman of Huntsman Corp. said traders on the New York Mercantile Exchange (Nymex) are responsible for forcing the price of natural gas to all time highs, which is severely hurting every U.S. natural gas consumer.

El Paso Corp. CEO Doug Foshee, addressing concerns highlighted at last month’s annual meeting, admitted Thursday in a lengthy letter to shareholders that the financial restatements by the company this year are unacceptable. But Foshee said he would “not offer the cold comfort of an excuse.” Instead, he highlighted improvements over the past year, and said the board “wanted to provide the best assurance we can that this situation will not occur again, and to ensure that El Paso will continue on its road to recovery.”

El Paso Corp. CEO Doug Foshee, addressing concerns highlighted at last month’s annual meeting, admitted Thursday in a lengthy letter to shareholders that the financial restatements by the company this year are unacceptable. But Foshee said he would “not offer the cold comfort of an excuse.” Instead, he highlighted improvements over the past year, and said the board “wanted to provide the best assurance we can that this situation will not occur again, and to ensure that El Paso will continue on its road to recovery.”

El Paso Corp. CEO Doug Foshee, addressing concerns highlighted at last month’s annual meeting, admitted Thursday in a lengthy letter to shareholders that the financial restatements by the company this year are unacceptable. But Foshee said he would “not offer the cold comfort of an excuse.” Instead, he highlighted improvements over the past year, and said the board “wanted to provide the best assurance we can that this situation will not occur again, and to ensure that El Paso will continue on its road to recovery.”

The on-going “strategic reorganization” at Peoples Energy in Chicago is aimed at addressing lower returns from its regulated local distribution companies, the result of rising costs and declining deliveries engendered by 10 years of relatively mild winters in the upper Midwest, conservation and increasing numbers of new, energy efficient buildings.

The on-going “strategic reorganization” at Peoples Energy in Chicago is aimed at addressing lower returns from its regulated local distribution companies, the result of rising costs and declining deliveries engendered by 10 years of relatively mild winters in the upper Midwest, conservation and increasing numbers of new, energy efficient buildings.

The Public Utilities Commission of Ohio (PUCO) last week ordered FirstEnergy to file a plan with the commission showing how the company will correct problems identified by a U.S.-Canada task force in an interim report on causes contributing to the Aug. 14 blackout.

In another key order addressing the scope of pipeline collateral demands, the Federal Energy Regulatory Commission last week said PG&E Gas Transmission-Northwest (PG&E-GTN) could not require non-creditworthy shippers on its system to pay a year’s worth of reservation charges as collateral to continue receiving transportation service.