Annual

Projected emissions from Freeport LNG Development LP’s proposed liquefied natural gas (LNG) import terminal and natural gas pipeline “will be in conformity” with the emissions output that Texas has budgeted for the Houston/Galveston area for 2007, when the facilities are expected to start up, FERC said in a draft determination Tuesday.

Energy companies should base annual trader bonuses at least in part on the ethical behavior of their natural gas and power traders, said the chief enforcement officer for the Commodity Futures Trading Commission (CFTC) last Wednesday.

Energy companies should base annual trader bonuses at least in part on the ethics of their natural gas and power traders, said the chief enforcement officer for the Commodity Futures Trading Commission (CFTC) Wednesday.

Dynegy Inc. CEO Bruce A. Williamson will broaden his responsibilities as the company’s chairman of the board following the annual meeting in May. He will replace Daniel L. Dienstbier, non-executive chairman, who announced his retirement.

In its annual report to Congress, the Commodity Futures Trading Commission (CFTC) said it brought eight major enforcement actions against energy companies in fiscal 2003 as a result of its “extensive investigation of alleged abuses in energy-related markets.” And, it added, more were in store.

In its annual report to Congress, the Commodity Futures Trading Commission (CFTC) said it brought eight major enforcement actions against energy companies in fiscal 2003 as a result of its “extensive investigation of alleged abuses in energy-related markets.” And, it added, more are in store.

While the losses continued last year at Reliant Resources, the company was able to slow the bleeding in the fourth quarter of 2003 to a loss of $29 million, or $0.10 per share, from continuing operations compared to a loss of $176 million, or $0.60 per share, for 4Q2002. Reliant reported net income of $32.5 million (11 cents/share) in the fourth quarter compared to a net loss of $648.6 million ($2.23/share) in 4Q2002.

While the losses continued last year at Reliant Resources, the company was able to slow the bleeding in the fourth quarter of 2003 to ($29 million), or ($0.10) per share, from continuing operations compared to ($176 million), or ($0.60) per share, for 4Q2002. Reliant reported net income of $32.5 million (11 cents/share) in the fourth quarter compared to a net loss of $648.6 million ($2.23/share) in 4Q2002.

Previewing the qualitative, non-financial part of it quarterly and annual financial results, which will be released later this month, Sempra Energy CEO Steve Baum told employees in an internal report that the company set a “new performance standard” in 2003, passing a number of “major milestones” mostly regarding merchant gas and electric activities. Natural gas, he said, remains a key to Sempra’s overall long-term strategy.