Brought

Stiff local opposition appears to have brought down yet another proposed liquefied natural gas (LNG) import terminal in Maine, as residents of the town of Perry in Washington County voted last week to oppose the $400 million Quoddy Bay LLC LNG project in Gleason Cove on Passamaquoddy Bay despite the developer’s offer of $1 million per year to the town.

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.

A judge has overturned a $3.2 million judgment against Dynegy Midstream Services LP and affiliate Versado Gas Processors LLC in a case brought by Apache Corp., ruling that the jury had reached its verdict without sufficient evidence against the companies.

A criminal indictment against former Enron Corp. CEO Jeffrey Skilling apparently may be brought to the federal grand jury in Houston within the next few days, sources close to the U.S. Justice Department indicated Friday. The department has had various ex-executives of Enron under the microscope for more than two years, but an indictment of Skilling, 50, would target the highest level executive yet.

A criminal indictment against former Enron Corp. CEO Jeffrey Skilling apparently may be brought to the federal grand jury in Houston as soon as this week, sources close to the U.S. Justice Department indicated Friday. The department has had various ex-executives of Enron under the microscope for more than two years, but an indictment of Skilling, 50, would be its richest catch yet.

A federal court has dismissed a $600 million complaint against several natural gas suppliers brought by Reno-based Sierra Pacific Resources, the holding company for Nevada’s two major private-sector electric utilities, according to an announcement by Sierra Pacific Wednesday. The company said in a subsequent Securities and Exchange Commission filing that it is reviewing the court decision and its options for further action, if any.

The board of directors of NUI Corp. has brought in former KeySpan executive Craig G. Matthews as NUI’s new president and CEO to lead the sale of the company. NUI stunned the financial community last September by announcing that it would sell its entire integrated natural gas business because of credit downgrades and “adverse business conditions.”

A federal court has dismissed a $600 million complaint against several natural gas suppliers brought by Reno-based Sierra Pacific Resources, the holding company for Nevada’s two major private-sector electric utilities, according to an announcement by Sierra Pacific Wednesday. The company said in a subsequent Securities and Exchange Commission filing that it is reviewing the court decision and its options for further action, if any.