Community

Andrew Fastow, who as CFO guided Enron Corp.’s finances to the heights of success and then to its spectacular fall, was sentenced Tuesday to six years in prison and two years of community service. Fastow, 44, had faced a maximum 10 years in prison under a plea agreement he made with prosecutors two-and-a-half years ago (see Daily GPI, Jan. 15, 2004).

Andrew Fastow, who as CFO guided Enron Corp.’s finances to the heights of success and then to its spectacular fall, was sentenced Tuesday to six years in prison and two years of community service. Fastow, 44, had faced a maximum 10 years in prison under a plea agreement he made with prosecutors two-and-a-half years ago (see NGI, Jan. 19, 2004).

As the legal community discussed the court-related impact of Kenneth Lay’s death early Wednesday, a preliminary autopsy on the Enron founder concluded that clogged arteries were the cause of death. Prevailing legal opinion is that his death will wipe Lay’s slate clean in the eyes of the law. History will determine the rest.

While it continues to face challenges and criticism from the financial community for its continuing losses and relatively heavy debt load, San Jose, CA-based Calpine Corp. sees the wholesale power market turning around in key areas and is determined to play a role in importing liquefied natural gas (LNG) along the West Coast of North America, according to the CEO Peter Cartwright.

Federal and Northwest Territories governments are trying to rescue Canada’s arctic natural gas pipeline project by making a deal on community services along the proposed Mackenzie Valley pipeline route, but whether the approach will do the job remains to be seen.

Federal and Northwest Territories governments are trying to rescue Canada’s arctic natural gas pipeline project by making a deal on community services along the proposed Mackenzie Valley pipeline route, but whether the approach will do the job remains to be seen.

Dick Sharples, a well-known and much-respected member of the natural gas community, died suddenly of cancer early Thursday. Sharples, an executive with Anadarko Petroleum for many years, retired from that company last year and took over as executive director of the new Center for Liquefied Natural Gas (CLNG).

To the consternation of local government officials and community activists in Ventura County northwest of Los Angeles, a joint federal-state draft environmental impact report (EIR) released earlier this month minimizes any safety concerns about a proposed offshore liquefied natural gas (LNG) receiving terminal 21 miles off of Oxnard, CA, as contemplated by Australian resource giant BHP Billiton.

To the consternation of local government officials and community activists in Ventura County northwest of Los Angeles, a joint federal-state draft environmental impact report (EIR) released earlier this month minimizes any safety concerns about a proposed offshore liquefied natural gas (LNG) receiving terminal 21 miles off of Oxnard, CA, as contemplated by Australian resource giant BHP Billiton.