Beefed

People

The California Public Utilities Commission (CPUC) has named a retired brigadier general Jack Hagan director of the beefed up Consumer Protection and Safety Division (CPSD) at the CPUC. He starts the assignment April 23. Since the San Bruno pipeline explosion, more attention has been focused on this unit in the state regulatory commission. Hagan said his priority will be to “shift safety enforcement” emphasis from compliance to one of “ensuring that all regulated entities operate under a culture based on risk assessment.” Hagan retired in 1999 after 28 years as a Marine Corps infantry officer and was called back to service with the California governor’s Office of Homeland Security in 2003.

April 9, 2012

Gas + California Renewables = NRG Strategy, CEO Says

While it recently beefed up its California holdings by acquiring several natural gas-fired generation plants, Princeton, NJ-based NRG Energy Inc.’s long-term strategic plan in the West is centered on robust renewable development that will increase the value of baseload gas-fired power as a balancing agent, CEO David Crane said at the recent Bank of America Merrill Lynch Investment Conference in San Francisco.

September 27, 2010

NRG Keeps Eye on Gas for California Renewables, CEO Says

While it recently beefed up its California holdings by acquiring several natural gas-fired generation plants, Princeton, NJ-based NRG Energy Inc.’s long-term strategic plan in the West is centered on robust renewable development that will increase the value of baseload gas-fired power as a balancing agent, CEO David Crane said as part of his remarks earlier in September at the Bank of America/Merrill Lynch Investment Conference in San Francisco.

September 23, 2010

Morgan Stanley Strengthens Houston-based Global Energy Group

Morgan Stanley, which beefed up its energy trading portfolio last December with the purchase of El Paso Marketing LP (EPM), is said to be moving one of its top investment bankers to Houston from New York to strengthen its global energy group headquartered there.

May 19, 2006

Marathon Spends $500M to Acquire Pennaco

Fueling rumors that USX-Marathon Group may separate its steeland energy businesses and then sell a beefed up oil and gasbusiness, Houston subsidiary Marathon Oil put together a $500million deal to acquire two-year-old Pennaco Energy Inc., a companywhose key assets are tied to coalbed methane (CBM) gas productionin the Powder River Basin of northern Wyoming and southern Montana.

June 9, 2004