Cinergy Corp. reported Thursday that it has put one of its natural gas traders on administrative leave because of a Commodity Futures Trading Commission (CFTC) investigation into the company’s price reporting practices to energy trade publications from May 2000 through January 2001.
Commodity
Articles from Commodity
FERC and CFTC Rake in $273M in Fines, Restitution During First Year of Task Force
The Federal Energy Regulatory Commission and the Commodity Futures Trading Commission (CFTC) were quite busy during the first year of the President’s Corporate Fraud Task Force, according to a White House fact sheet.
Cinergy Gas Trader on Leave After CFTC Investigation
Cinergy Corp. reported Thursday that it has put one of its natural gas traders on administrative leave because of a Commodity Futures Trading Commission (CFTC) investigation into the company’s price reporting practices to energy trade publications from May 2000 through January 2001.
Black Hills Posts Profit on High Commodity Prices
Despite rising profits due to higher oil and natural gas prices, Rapid City, SD-based Black Hills Corp. announced that net earnings for the quarter remained near flat due to an accounting charge. The company posted $14.1 million, or 52 cents per share for the quarter, compared with earnings of $14 million, or 52 cents per share for the same quarter last year.
Black Hills Posts Profit on High Commodity Prices
Despite rising profits due to higher oil and natural gas prices, Rapid City, SD-based Black Hills Corp. announced that net earnings for the quarter remained near flat due to an accounting charge. The company posted $14.1 million, or 52 cents per share for the qaurter, compared with earnings of $14 million, or 52 cents per share for the same quarter last year.
Entergy Discloses Informal SEC Investigation into Wash Trades
Three federal government agencies, including FERC, the Commodity Futures Trading Commission (CFTC) and now the Securities and Exchange Commission (SEC), are investigating alleged “wash trading” by Entergy Corp., Entergy-Koch, LP or Entergy-Koch Trading, LP in 2001 and 2002.
Entergy Discloses Informal SEC Investigation into Wash Trades
Three federal government agencies, including FERC, the Commodity Futures Trading Commission (CFTC) and now the Securities and Exchange Commission (SEC), are investigating alleged “wash trading” by Entergy Corp., Entergy-Koch, LP or Entergy-Koch Trading, LP in 2001 and 2002.
Canadian Analysts Estimate 2003 U.S. Prices Between $4.25 and $5.60
Buoyed by sustained strength in exports as well as snap reactions to cold fronts on commodity markets, Canadian forecasters have raised their expectations for 2003 natural gas prices.
CFTC, Federal Enforcement Authorities Meet to Coordinate Energy Probes
The Commodity Futures Trading Commission (CFTC) met with 40 federal law enforcement officials last week to share information related to the ongoing energy investigations nationwide.
CERA: Despite Higher Commodity Prices, Volatility Hinders E&P
Higher oil and natural gas prices have not overcome market volatility enough to help energy companies improve their rates of investment through 2010, according to a new study by Cambridge Energy Research Associates (CERA).