An underground battle was being waged last week over the FERCchairmanship, with several sources reporting that current ChairmanCurt L. Hebert may be asked to step aside to make way for Pat WoodIII, currently chairman of the Texas Public Utility Commission(PUC). Wood was appointed to the PUC in 1995 by then-GovernorGeorge W. Bush and was a member of the Bush energy transition team.
Chair
Articles from Chair
Braziel Steps Down as Altra Chair
Rusty Braziel, the founder of electronic trader Altra EnergyTechnologies Inc. based in Houston, stepped down as chairmanyesterday to oversee the launch of his new e-markets consulting andsoftware company, Netrana. Although Braziel will remain on Altra’sboard of directors, CEO Paul Bourke assumes the chairman’s role andwill now set growth and operating strategies.
Enron’s International COO Resigns
The vice chairman and COO of Enron Corp.’s international divisionhas resigned, two months after the chair and CEO of the division wasapparently forced out. Joseph W. Sutton will leave Enron Nov. 1 topursue other opportunities, said the company. His boss, Rebecca Mark,resigned in August (see Daily GPI, Aug. 28).
NEB Chair Has a Warning for the Energy Industry
The chairman of Canada’s National Energy Board, Ken Vollman, hasfired a shot across the bows of the international natural gascommunity, urging it to do more than count the profits from today’shigh prices.
NEB Chair Has Warning for the Industry
The chairman of Canada’s National Energy Board, Ken Vollman, hasfired a shot across the bows of the international natural gascommunity, urging it to do more than count the profits from today’shigh prices.
FTC Chair Vows Close Scrutiny of Merger Efficiency Claims
There has been a sharp increase in market power in theelectricity market and merger activity is poised to skyrocket withthe spread of electric deregulation, Federal Trade CommissionChairman Robert Pitofsky told the Federal Energy RegulatoryCommission last week.
FTC Chair Vows Close Scrutiny of Merger Efficiency Claims
There has been a sharp increase in market power in theelectricity market and merger activity is poised to skyrocket withthe spread of electric deregulation, Federal Trade CommissionChairman Robert Pitofsky told the Federal Energy RegulatoryCommission yesterday.
FTC Chair Outlines Merger Concerns
Federal Trade Commission Chairman Robert Pitofsky Thursdayoutlined some factors the FTC considers in determining whether andto what extent restructuring can save an otherwise anticompetitivemerger proposal. In remarks at the Cutting Edge AntitrustConference of Law Seminars International in New York City hestressed the need for transparency on behalf of federal regulatorsas restructuring proposals become more complex.
Jordan to Chair IPAA
Jerry D. Jordan, president of Ohio-based Jordan Energy Inc., waselected chairman of the Independent Petroleum Association ofAmerica (IPAA) during the association’s 70th annual meeting inDallas Nov. 6. He succeeds George Yates, 1997-1999 IPAA chairmanand president, Harvey E. Yates Co., Roswell, NM.
People
Conoco Inc. elected Archie W. Dunham chairman of the board,succeeding Edgar S. Woolard, Jr. Dunham will continue to serveConoco as president and CEO, as well as chair. Woolard and Gary M.Pfeiffer, a senior vice president and CFO of DuPont, resigned theConoco board as planned, at the conclusion of the company’ssplit-off from DuPont. Woolard is a former DuPont chairman, and hadbeen chairman of Conoco’s board since July 1998. He remains aDuPont director. Concurrent with his election as Conoco chairman,Dunham steps down from the DuPont board. The moves create twoadditional vacancies on Conoco’s board. The company said it expectsthese vacancies to be filled in the near future.