Advises

KeySpan Corp. Tuesday said Institutional Shareholder Services (ISS), the influential proxy advisory firm that advises institutional investors in proxy voting matters, has recommended a vote in favor of KeySpan’s proposed merger with United Kingdom’s National Grid.

A General Accounting Office (GAO) report issued last Tuesday was unable to conclusively determine whether the Interior Department’s program for accepting royalty payments from oil and natural gas producers in-kind is a success or flop due to the agency’s lack of documentation and adequate controls over the program.

A General Accounting Office (GAO) report issued Tuesday was unable to conclusively determine whether the Interior Department’s program for accepting royalty payments from oil and natural gas producers in-kind is a success or flop due to the agency’s lack of documentation and adequate controls over the program.

A leading shareholder proxy service on Tuesday recommended that El Paso Corp. shareholders vote out the current management team and elect a slate of energy professionals proposed by a dissident stockholder group. Only Selim Zilkha, who leads the dissident group, was not recommended because he was a board member and adviser to the company until last year.

Citing FERC’s glaring delinquency in this area, the General Accounting Office (GAO) last week called on the Commission to take regulatory action to bring its civil penalties that are covered under the Inflation Adjustment Act (IAA) more in line with inflation.

As part of an 111-page draft report for the California Energy Commission’s (CEC) approval next week, the state is urged to address its natural gas infrastructure needs from the standpoint of regional impacts of new infrastructure in surrounding western states, and with an objective of creating excess or “slack capacity” for the future.