While other proposals regarding hydraulic fracturing (fracking) stayed immobile, the California Senate Natural Resources Committee on Tuesday moved on a strictly partisan vote of 5-3 a proposed bill (SB 1054) that would require exploration and production (E&P) companies to notify surrounding property owners of their plans to employ fracking ahead of starting work. The industry is opposed to pre-notification on proprietary grounds.
Briefing
Articles from Briefing
CFTC, FERC Butt Heads over Jurisdiction in Futures Market
In a briefing filed Monday in federal appeals court in Washington, DC, the Commodity Futures Trading Commission (CFTC) butted heads with the Federal Energy Regulatory Commission (FERC) over the issue of whether FERC has jurisdiction in cases where the manipulation of natural gas futures trades subsequently influence the price of physical gas transactions.
Labor Department Brief Indicates Enron Execs May be Liable for 401(k) Losses
In an amicus court briefing by the U.S. Department of Labor, federal officials considering a motion to dismiss a class-action lawsuit over alleged mismanagement of Enron Corp.’s 401(k) losses have indicated that former Enron Chairman Kenneth Lay and other Enron executives could be held personally liable for millions of dollars in the fund losses. The brief was filed by the Labor Department on behalf of former Enron employees and retirees who participated in three benefit plans sponsored by Enron.
Labor Department Brief Indicates Enron Execs May be Liable for 401(k) Losses
In an amicus court briefing by the U.S. Department of Labor, federal officials considering a motion to dismiss a class-action lawsuit over alleged mismanagement of Enron Corp.’s 401(k) losses have indicated that former Enron Chairman Kenneth Lay and other Enron executives could be held personally liable for millions of dollars in the fund losses. The brief was filed by the Labor Department on behalf of former Enron employees and retirees who participated in three benefit plans sponsored by Enron.