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FERC on Monday approved separate settlements with subsidiaries of Dominion Resources Inc., Nicor Inc. and NiSource Inc., which require them to pay a total of $8.1 million in civil penalties and customer refunds to resolve charges that they provided preferential access to market-sensitive storage information in violation of the Commission’s standards of conduct.

Former Enron Corp. Chairman Kenneth Lay is under the microscope by federal investigators to determine whether there are grounds to bring criminal charges against him, according to the Wall Street Journal.

Former Enron Corp. Chairman Kenneth Lay is under the microscope by federal investigators to determine whether there are grounds to bring criminal charges against him, according to the Wall Street Journal.

Federal Reserve Chairman Alan Greenspan will join producers and consumers this week in testifying on the increasingly critical natural gas supply situation before the House Energy and Commerce Committee.

In what might have been a bit of “irrational exuberance,” natural gas futures shot higher Wednesday following Federal Reserve Chairman Alan Greenspan’s testimony before the Joint Economic Committee in which he expressed concern over high natural gas prices and tight supplies. Local traders led the rally at Nymex, which propelled the June contract to a $6.33 early afternoon high. Although light profit-taking was seen ahead of the close, the losses were minimal, leaving June to finish with an impressive 14.2-cent gain at $6.198.

Upbeat comments by Mirant Corp. CEO Marce Fuller failed to sway Wall Street last week after the company announced it is working to restructure more than $5 billion in debt — warning that there are substantial risks if it fails to successfully complete its negotiations.

Upbeat comments by Mirant Corp. CEO Marce Fuller failed to sway Wall Street Wednesday after the company announced it is working to restructure more than $5 billion in debt — warning that there are substantial risks if it fails to successfully complete its negotiations.

It probably will be another two weeks before the Committee of Chief Risk Officers (CCRO) releases its standards for energy price submission by companies and price indexing by publications, a CCRO spokesman said on Thursday.

Commenting on the temporary reprieve ACN Energy received last week that will allow it continue marketing natural gas in Georgia, the Farmington Hills, MI-based company said it was “pleased” that it was able to reach an agreement with Atlanta Gas Light Co. (AGLC) (see Daily GPI, Nov. 18).