Federal regulators filed a civil complaint last Tuesday against a Massachusetts company and the firm’s principal alleging that they defrauded investors of at least $9 million by promising high returns on investments in oil and natural gas leases.
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SEC Accuses Braintree Energy of Defrauding Investors of $9M
Federal regulators filed a civil complaint Tuesday against a Massachusetts company and the firm’s principal alleging that they defrauded investors of at least $9 million by promising high returns on investments in oil and natural gas leases.
FERC Approves Settlement of Rate Complaint Against National Fuel
FERC Friday approved a settlement of a complaint brought last year by several Pennsylvania and New York agencies alleging that interstate pipeline National Fuel Gas Supply Corp. was charging unfair rates and profiteering from the sale of retained gas.
FERC Rejects Bid to Reinstate Pre-Existing Time Limit to Bring Manipulation Complaints
FERC on Wednesday rejected a rehearing request seeking to reinstate a preexisting statute of limitations for parties to bring complaints alleging violation of the agency’s new regulations targeting manipulation in the natural gas and electricity markets.
Senate Democrats Call for Probe of Alleged Gas Royalty Undercollections
Two Senate Democrats on Monday called for an investigation of allegations in a New York Times published report alleging natural gas royalty undercollections by the federal government.
CUB Files Lawsuit Against Nicor for Slipping Pipe Repair Service in Customer Bills
Illinois’ Citizens Utility Board (CUB) filed a class action lawsuit in Cook County Circuit Court on Thursday alleging that Nicor Services, an affiliate of Chicago utility Nicor Gas, knowingly markets a gas pipeline repair plan, known as Comfort Guard, to customers who don’t need it and adds it to customers’ bills without their consent.
CUB Files Lawsuit Against Nicor for Slipping Pipe Repair Service in Customer Bills
Illinois’ Citizens Utility Board (CUB) filed a class action lawsuit in Cook County Circuit Court on Thursday alleging that Nicor Services, an affiliate of Chicago utility Nicor Gas, knowingly markets a gas pipeline repair plan, known as Comfort Guard, to customers who don’t need it and adds it to customers’ bills without their consent.
Ohio Edison to Spend $1.1 Billion Under Clean Air Settlement
The U.S. Department of Justice (DOJ) and the Environmental Protection Agency (EPA) on Friday announced the settlement of their landmark Clean Air Act case alleging that Ohio Edison Co., a subsidiary of FirstEnergy Corp., violated the New Source Review (NSR) provisions of the Clean Air Act at the W.H. Sammis Station, a coal-fired power plant in Stratton, OH. The pollution controls and other measures required by the consent decree are expected to cost approximately $1.1 billion.
FERC Reverses Decision Reasserting Jurisdiction Over Transco Gathering Affiliate
In a complete about-face, FERC last Wednesday reversed an earlier order in which it accepted a complaint alleging that Williams’ Transcontinental Gas Pipe Line Corp. and its gathering affiliate, Williams Field Services Co. (WFS), had engaged in “collusive behavior” by pushing gathering rates for service on a portion of the North Padre Island gathering facilities to monopolistic levels and violated requirements of the Outer Continental Shelf Lands Act (OCSLA).
FERC Reverses Order Reasserting Jurisdiction Over Transco Gathering Affiliate
In a complete about-face, FERC on Wednesday reversed an earlier order in which it accepted a complaint alleging that Williams’ Transcontinental Gas Pipe Line Corp. and its gathering affiliate, Williams Field Services Co. (WFS), had engaged in “collusive behavior” by pushing gathering rates for service on a portion of the North Padre Island gathering facilities to monopolistic levels and violated requirements of the Outer Continental Shelf Lands Act (OCSLA).