Faces

Nicholas J. Bush, former president of the Natural Gas SupplyAssociation (NGSA), has been charged with one count of criminalmail fraud and one count of tax evasion in connection for his rolein allegedly embezzling more than $2.8 million through fakeconsulting contracts from the producer trade group.

Nicholas J. Bush, former president of the Natural Gas SupplyAssociation (NGSA), has been charged with one count of criminalmail fraud and one count of tax evasion in connection with his rolein the embezzlement of more than $2.8 million from the producertrade group.

Existing shippers on Transcontinental Gas Pipeline haveexpressed widespread opposition to the pipeline’s request to rollin the costs associated with its SouthCoast expansion project inGeorgia and Alabama.

The faces in the top half of NGI’s ranking of the top 20 gasmarketers haven’t changed much but their volumes certainly have, insome cases showing substantial growth. And while only one companyjoined the top-10 for the first time in 1998, nearly every one ofthe biggest players saw its position change in the ranking.

The faces among the top half of Daily GPI’s ranking of the top20 gas marketers haven’t changed much but their volumes certainlyhave, in some cases showing substantial growth. And while only onecompany joins the top-10 for the first time, nearly every one ofthe biggest players saw its position change in the ranking. (Seepage 4)

Looking ahead to what might be the defining issues for his nextterm if his renomination is approved by the Senate, CommissionerWilliam L. Massey focused on FERC’s pipeline certification process,its offshore policy, the issues contained in the gas policy optionspaper – which so far have not been made public – and on ISOs on theelectric side. He said the Commission probably will act on the gaspolicy options paper with a Notice of Proposed Rulemaking withinthe next few weeks.

A California green power marketer has apparently fallen out offavor with at least some of its investors as evidenced by a classaction filed in the U.S. District Court in California on behalf ofKeystone Energy Services shareholders who acquired shares betweenNov. 14, 1997 and Feb. 3.

The Texas Railroad Commission (TRC) issued a complaint and offerof settlement to Mitchell Energy & Development alleging pasttechnical violations of drilling and completion rules. Thecomplaint involves 112 wells, all of which were drilled more than35 years ago. The TRC said the actual depth of the surface casingset in each well was shorter than the depth required by andreported to the commission. Mitchell said there is no evidence ofpollution from the wells.