Embattled

El Paso to Exit Energy Trading, Sees $69M Loss in Quarter

Embattled El Paso Corp. reported Friday it closed out the third quarter in the red, and will begin winding down its ailing energy trading business in an effort to resuscitate the company. The Houston-based company said exiting trading could take up to two years, and would result in an as-yet undetermined number of lay-offs.

November 11, 2002

Hammered at FERC and on Wall Street, El Paso Says Liquidity Is Strong

Embattled El Paso Corp. assured investors that its liquidity position remains “strong” in the wake of Moody’s Investor Service’s decision Wednesday to lower its rating on the company’s $23 billion in debt to near junk status.

October 4, 2002

Enron’s Lay Says Rumors ‘Doing A Lot of Damage to Us’

With embattled CFO Andrew Fastow and other corporate executives joining him, Chairman Kenneth Lay attempted to answer yet again the growing list of questions that are swirling around Enron Corp.’s third quarter announcement of equity reductions and related-party transactions. However, it seemed in the end that listeners were still hungry for more information on the Houston-based company’s balance sheet, as well as its plans to stop the slide in stock prices.

September 27, 2002

Nicor Target of SEC Inquiry; Certifies 2002 Financial Results

Embattled Nicor Inc. said Wednesday the Securities and Exchange Commission (SEC) has opened an informal inquiry into the accounting practices of its retail joint venture with Dynegy Inc. and a natural gas supply cost plan that already is under investigation by Illinois regulators.

August 15, 2002

Judge OKs Cooper as Enron’s New CEO

A federal bankruptcy judge in New York last week endorsed Enron Corp.’s selection of bankruptcy specialist Stephen F. Cooper as acting CEO of the embattled company, after the Securities and Exchange Commission (SEC) abandoned its opposition to his appointment.

April 8, 2002

Millennium Cited as High Risk to Potential Terrorist Attacks

The embattled Canada-to-New York Millennium Pipeline project has been assailed for nearly every conceivable reason, or so it was thought. As the nation last week dealt with the shock of the deadly terrorist attacks in New York City and Washington, D.C., it took a New York state resident only one day after the double assaults to protest the proposed Millennium line on the grounds that it posed a prime target for terrorists.

September 17, 2001

Millennium Cited as Potential Target for Terrorists

The embattled Canada-to-New York Millennium Pipeline project has been assailed for nearly every conceivable reason, or so it was thought. As the nation continues to deal with the shock of the deadly terrorist attacks in New York City and Washington, D.C., it took a New York state resident only one day after the double assaults to protest the proposed Millennium line on the grounds that it poses an enviable target to terrorists.

September 13, 2001

Embattled Billing Service Cuts Staff, Reorganizes

Utilipro Inc., an 80% AGL Resources-owned customer-caresolutions provider, announced yesterday it is cutting staff andreorganizing because energy deregulation is taking hold too slowly.

April 7, 2000

New President Shakes Up Embattled NGSA

There appears to have been a minor shake-up at the Natural GasSupply Association (NGSA) last week. It came during Skip Horvath’sfirst week as president of the producer group that’s still reelingfrom the effects of an embezzlement scandal uncovered earlier inthe year.

August 9, 1999
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