Embroiled

Calpine Energy, Southern Natural Embroiled in Dispute over Collateral

A subsidiary of Calpine Corp. asked FERC last week to intervene in a dispute over what it claims are “excessive” collateral demands made by El Paso’s Southern Natural Gas pipeline for service on its 114-mile South System II Expansion project.

March 31, 2003

Calpine Energy, Southern Natural Embroiled in Dispute over Collateral

A subsidiary of Calpine Corp. has asked FERC to intervene in a dispute over what it claims are “excessive” collateral demands made by El Paso’s Southern Natural Gas pipeline for service on its 114-mile South System II Expansion project.

March 28, 2003

CA GOP Seeks Global Settlement with Generator Discounts

Although this week’s presidential meeting is likely to complicate California’s embroiled political landscape, Republican state legislators are convinced that a bipartisan, wide-ranging deal is still possible without state transmission grid ownership or another utility bankruptcy. It would involve discounts by generators of past-due billings, amounting to billions of dollars. Ultimately, a key adviser to the Republicans said Tuesday, all civil suits against the merchant generators would have to be dropped, something Gov. Gray Davis has adamantly resisted publicly.

May 31, 2001