Aquila officials have dismissed allegations in an anonymous letter from a group of the company’s own employees that charges that company executives falsified earnings and manipulated corporate accounting in an effort to boost executive compensation. The letter has been forwarded to a special audit committee for an investigation, and the audit committee has notified the Securities and Exchange Commission of the matter.
Dismissed
Articles from Dismissed
NEB Dismisses TransCanada’s Petition to Review Fair Return Application
The National Energy Board (NEB) has dismissed TransCanada PipeLines request for a review of the board’s June 2002 decision on the pipelines 2002 Fair Return Application (RH-4-2001). In its order, the NEB sharply lowered the pipeline company’s proposed toll increase and requested rate of return. Last week’s decision comes as the latest chapter in what has been a two-year dispute.
NEB Dismisses TransCanada’s Petition to Review Fair Return Application
The National Energy Board (NEB) has dismissed TransCanada PipeLines request for a review of the board’s June 2002 decision on the pipelines 2002 Fair Return Application (RH-4-2001). In its order the NEB sharply lowered the pipeline company’s proposed toll increase and requested rate of return. Thursday’s decision comes as the latest chapter in what has been a two-year dispute.
Reports of Imminent CA, El Paso Settlement Dismissed
A spokesman for California Attorney General Bill Lockyer downplayed reports last Monday that the state was near a settlement with El Paso Corp. over claims that the company’s major pipeline subsidiary withheld capacity to drive up natural gas prices during the California energy crisis in 2000 and 2001.
Reports of Imminent CA, El Paso Settlement Dismissed
A spokesman for California Attorney General Bill Lockyer downplayed reports late Monday that the state was near a settlement with El Paso Corp. over claims that the company’s major pipeline subsidiary withheld capacity to drive up natural gas prices during the California energy crisis in 2000 and 2001.
Court Rejects Shipper Challenge to Sonat Discount Rates
The federal appeals court in Washington, DC dismissed last Tuesday a petition for review brought by Southern Natural Gas Co.’s shippers who claimed they were, or potentially will be, aggrieved by a FERC order that allows the pipeline to offer service to Southern Company Services (SCS) at lower rates than what they pay.
Court Rejects Shipper Challenge to Sonat Discount Rates
The federal appeals court in Washington, DC dismissed Tuesday a petition for review brought by Southern Natural Gas Co.’s shippers who claimed they were, or potentially will be, aggrieved by a FERC order that allows the pipeline to offer service to Southern Company Services (SCS) at lower rates than what they pay.
Dynegy Fires 6, Disciplines 7 Others for False Reports; Exits Canadian Gas Marketing
Dynegy Inc. disclosed late in the day Friday that it had dismissed six employees and will discipline seven others in its natural gas trading business for violations of company policies. The violations are related to previously disclosed findings by the company that some employees in the marketing and trading unit provided inaccurate information on natural gas trades to various energy publications that compile and report index prices.
AEP Fires Five for Providing Bad Prices to Publications; NGI Responds
American Electric Power (AEP) said Wednesday it had dismissed five employees involved in natural gas marketing and trading after the company determined that they provided inaccurate price information for use in indexes compiled and published by trade publications.
FERC Denies Stay of FGT Compressor Construction
FERC has dismissed a plea by a Florida citizens advocacy group to stay Florida Gas Transmission’s (FGT) construction of a new compressor station as part of the pipeline’s Phase V expansion project in the state.