Charges

The California Public Utilities Commission (CPUC) announced Friday it will evaluate charges of alleged unlawful conduct that have been lodged against Pacific Gas and Electric Co. (PG&E) by CPUC investigators regarding the Dec. 24, 2008 natural gas pipeline explosion in Rancho Cordova, CA, east of Sacramento. It could lead to fines of up to $20,000 per day per violation against the San Francisco-based combination utility.

Southern California Gas declared a high-inventory OFO for Monday but as of that afternoon had not renewed it for Tuesday. SoCalGas said it would assess Buy-Back charges to customers who delivered into its system more than 110% of their actual gas usage on the OFO day.

The sustained push to unlock shale gas and oil across North America drove Halliburton Inc.’s profits in the third quarter, CEO Dave Lesar said Monday.

Southern California Gas declared a high-linepack OFO for Saturday, saying it would assess tariff Buy-Back charges to customers that deliver into its system more than 110% of their actual gas usage on the OFO day.

Southern California Gas declared a high-linepack OFO for Saturday, saying it will assess tariff-specified buy-back charges to customers that deliver more than 110% of their actual gas usage on the OFO day. SoCalGas also said it will lose 1.1 Bcf/d of withdrawal capability from Monday through Friday this week as it installs new glycol filters and cleans the dehydration equipment at its Aliso Canyon storage field.

The U.S. Commodity Futures Trading Commission (CFTC) has settled charges against Robert Moore of Connecticut, former executive managing director for the Bank of Montreal’s (BMO) Commodity Derivatives Group, relating to the mismarking and misvaluing of BMO’s natural gas options book by a trader he supervised, the CFTC said Monday.

The U.S. Commodity Futures Trading Commission (CFTC) has settled charges against Robert Moore of Connecticut, former executive managing director for the Bank of Montreal’s (BMO) Commodity Derivatives Group, relating to the mismarking and misvaluing of BMO’s natural gas options book by a trader he supervised, the CFTC said Monday.

Three former El Paso Corp. natural gas traders convicted last year of conspiracy, as well as some charges of wire fraud and false price reporting in an attempt to influence published price indexes at the beginning of the decade, received lengthy prison sentences in Houston last Thursday.

Three former El Paso Corp. natural gas traders convicted last year of conspiracy, as well as some charges of wire fraud and false price reporting in an attempt to influence published price indexes at the beginning of the decade, received lengthy prison sentences in Houston Thursday.