Aimed

In a move aimed at shoring up its balance sheet and increasing the company’s liquidity, Dallas-based Crosstex Energy LP has agreed to sell its natural gas gathering assets in Mississippi, Alabama and South Texas for $220 million to Southcross Energy LLC, a Dallas-based portfolio company of Charlesbank Capital Partners focused on gas transportation and processing.

In a move aimed at shoring up its balance sheet and increasing the company’s liquidity, Dallas-based Crosstex Energy LP on Wednesday agreed to sell its natural gas gathering assets in Mississippi, Alabama and South Texas for $220 million to Southcross Energy LLC, a Dallas-based portfolio company of Charlesbank Capital Partners focused on gas transportation and processing.

California Gov. Arnold Schwarzenegger tried to beat back criticism early in June surrounding his proposal in last month’s fiscal revisions aimed at reversing the state’s worsening budget crisis by securing an additional $100 million of annual revenues for the state from the limited opening of drilling offshore Santa Barbara. Schwarzenegger’s proposal was tied to the dismantling of four existing offshore platforms in the area.

California Gov. Arnold Schwarzenegger tried to beat back criticism Monday of a proposal he made in last month’s fiscal revisions aimed at reversing the state’s worsening budget crisis by securing an additional $100 million of annual revenues from the limited opening of drilling offshore Santa Barbara. Schwarzenegger’s proposal was tied to the dismantling of four existing offshore platforms in the area.

Illinois Gov. Pat Quinn has signed into law new measures aimed at protecting consumers from misleading sales pitches and excessively high exit fees of marketers that provide alternative natural gas service in the state.

Illinois Gov. Pat Quinn has signed into law new measures aimed at protecting consumers from misleading sales pitches and excessively high exit fees of marketers that provide alternative natural gas service in the state.

FERC last Thursday issued two final rules and a policy statement aimed at bolstering and clarifying the agency’s enforcement of the regulated natural gas and electricity markets.

FERC Thursday issued two final rules and a policy statement aimed at bolstering and clarifying the agency’s enforcement of the regulated natural gas and electricity markets.

A new economic plan aimed at rescuing middle-class citizens hit by the financial crisis which was unveiled Monday by Democratic presidential candidate Barack Obama includes provisions to supplement existing funding to help needy customers in cold weather states pay their energy bills during the upcoming heating season.