Behalf

Williams Cos. on Tuesday announced an agreement in principle to pay $290 million to settle class-action lawsuits that were filed on behalf of purchasers of Williams’ stock between July 24, 2000 and July 22, 2002. The original lawsuit, filed in January 2002, alleged Williams made “material misrepresentations to the markets” to inflate its stock price (see Daily GPI, Jan. 30, 2002).

On behalf of the state generally and its Department of Water Resources (DWR) in particular, California Attorney General Bill Lockyer late last Thursday filed preliminary objections to the proposed class action settlement of Sempra Energy.

Entergy Services Inc., on behalf of the Entergy affiliates conducting power sales in the Entergy control area, notified FERC that it was withdrawing the Entergy affiliates’ pending request for renewal of market-based rate authority for transactions in the Entergy control area [ER91-569-023, et al].

With FERC scheduled Wednesday to weigh in on the “safe harbor” protection request made by the Committee of Chief Risk Officers (CCRO) on behalf of its Energy Data Hub (see Daily GPI, June14), more parties are voicing their objections and support on the issue to the Commission. In addition to safe harbor protections for the Energy Data Hub and those that report to the hub, the CCRO requested assurances that FERC will not use the Energy Data Hub as a target for investigations by the Commission into transaction data by the participating companies.

The Bank of America has agreed to pay $69 million as part of an agreement to settle a class action lawsuit brought on behalf of purchasers of Enron securities and led by the Regents of the University of California. The lawsuit is pending in the United States District Court for the Southern District of Texas.

The Bank of America has agreed to pay $69 million as part of an agreement to settle a class action lawsuit brought on behalf of purchasers of Enron securities and led by the Regents of the University of California. The lawsuit is pending in the United States District Court for the Southern District of Texas.

Enron Corp. on behalf of affiliates Enron Power Marketing and Enron Energy Services has asked FERC to subpoena officials associated with several power companies and electric provider groups, claiming that they have “personal knowledge and information” or can provide exculpatory/favorable evidence in an ongoing proceeding at the agency in which the once-powerful energy firm is accused of gaming California’s electric market in 2000-2001.

NUI Corp. said it will refund $28 million to Elizabethtown Gas customers and pay a $2 million penalty to the state of New Jersey as part of a settlement agreement reached last Wednesday with the New Jersey Board of Public Utilities (BPU).

NUI Corp. said it will refund $28 million to Elizabethtown Gas customers and pay a $2 million penalty to the state of New Jersey as part of a settlement agreement reached on Wednesday with the New Jersey Board of Public Utilities (BPU). The settlement follows a focused audit performed by the BPU on NUI and its subsidiaries, NUI Utilities, and Elizabethtown Gas.