Drove

Plaintiffs’ evidence that El Paso Merchant Energy Co. (EPME) illegally drove up delivered natural gas prices to the southern California market beginning in mid-2000 is a “jumble of confusion, contradiction, hyperbole and illogic that does not begin to satisfy [the] burden” of proof, the merchant energy company contends.

Enron Corp.’s stock continued to plummet even further Thursday amid a report that the energy giant’s poor stock performance this year was largely behind CEO and President Jeffrey K. Skilling’s decision to resign.

The first delivery losses due to Tropical Storm Barry were reported late Friday as high winds drove heavy seas through the oil and gas producing area in the eastern Gulf of Mexico.

El Paso Natural Gas and El Paso Merchant Energy probably exercised market power in the Southern California gas market and drove up gas prices over the past year when pipeline capacity constraints existed, FERC staff concluded last week in testimony before Chief Administrative Law Judge Curtis Wagner Jr.

El Paso Natural Gas and El Paso Merchant Energy probably exercised market power in the Southern California gas market and drove up gas prices over the past year when pipeline capacity constraints existed, FERC staff concluded last week in testimony before Chief Administrative Law Judge Curtis Wagner Jr.

Salomon Smith Barney (SSB) analysts calculate that theunprecedented price surge this winter drove a significant amountmore demand out of the market than previously envisioned. With therecent decline in prices, however, some of that lost demand isreturning to the market.

In his first visit ever to FERC, Energy Secretary BillRichardson last week drove home the need for a federal electricityrestructuring bill and the importance for the Commission to have apivotal part in that effort.

In his first visit ever to FERC, Energy Secretary BillRichardson yesterday drove home the need for a federal electricityrestructuring bill and the importance for the Commission to have acritical role in that effort.

Shell Oil has become a significant player in the midstream gasbusiness, but this wasn’t always so. While the company heldmidstream gas assets, they were operated as an adjunct to its oilbusiness. That was until deregulation and new market entrantssuggested to Shell it ought to get into the midstream.