Chesapeake Energy Corp.’s largest investor on Monday delivered a stinging letter criticizing the board of directors and management team, and urged an outright sale of the company.
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FERC Tackles Waiver/Exemption Requests as Standards of Conduct Implemented
As the implementation deadline for the expanded standards of conduct drew near last Wednesday, the Federal Energy Regulatory Commission responded to a host of requests for waivers and exemptions from all or some of the requirements under the standards of conduct governing the relationships between regulated natural gas/electric transmission providers and their affiliates. And more requests are pending.
Koch Receives Excuse Note from Antitrust Case
Months after an arbitrator awarded American Central GasTechnologies Co. $8.3 million in a ruling that Union PacificResources (UPR) and Duke Energy Field Services (DEFS) hadmonopolized natural gas processing in Panola County, TX, thecompanies are at it again, this time in an East Texas districtcourtroom (see NGI, Aug. 14, 2000).
Cash Prices Off to Dull Start Amid Light Activity
Lack of activity was the popular excuse for the mostly stagnantprice levels during Monday’s cash market trading session. Mostsources agreed that moderating temperatures along with aslow-moving Nymex screen were to blame. With the exception of theRockies and intra-Alberta gas, which registered the only notabledeclines of the day, cash prices generally started the new weekflat to up or down a penny or two across the board.