Failure

The current commissioners on the Federal Energy Regulatory Commission “may be planting the seeds for a massive failure of the energy infrastructure,” a veteran market analyst said on Wednesday, citing “the most unprecedented and blatantly political decision” made by FERC’s chief law judge against El Paso Corp.

The current commissioners on the Federal Energy Regulatory Commission “may be planting the seeds for a massive failure of the energy infrastructure,” a veteran market analyst said on Wednesday, citing “the most unprecedented and blatantly political decision” made by FERC’s chief law judge against El Paso Corp.

The California Public Utilities Commission (CPUC) has determined that Southwest Gas’ failure to store more natural gas or to contract in advance for delivery of natural gas for the winter of 2000-2001 was imprudent. The storage situation in California in winter 2000-2001 was one of the major reasons gas prices at the California border soared to nearly $70/MMBtu.

The California Public Utilities Commission (CPUC) has determined that Southwest Gas’ failure to store more natural gas or to contract in advance for delivery of natural gas for the winter of 2000-2001 was imprudent. The storage situation in California in winter 2000-2001 was one of the major reasons gas prices at the California border soared to nearly $70/MMBtu.

Citing its failure to comply with certain environmental requirements, FERC staff has denied Petal Gas Storage LLC’s request to proceed with the construction of a 59-mile, 36-inch pipeline and associated facilities that would connect its expanding storage facilities in Hattiesburg, MS, with three interstate gas pipelines.

Citing its failure to comply with certain environmental requirements, FERC staff has denied Petal Gas Storage LLC’s request to proceed with the construction of a 59-mile, 36-inch pipeline and associated facilities that would connect its expanding storage facilities in Hattiesburg, MS, with three interstate gas pipelines.

Exposure to possible losses due to energy giant Enron’s financial failure continued to spread like a worldwide epidemic last week with companies and financial institutions around the world reporting potential losses, reflecting the broad reach both of the company’s business and its stock.

A federal judge in Washington, DC, has ordered Interior Secretary Gale Norton to face a civil contempt trial for failure to comply with court orders to clean up the alleged mismanagement of royalty monies held and overseen by the agency in the Indian Trust Fund.

A federal judge has ordered Interior Secretary Gale Norton to face a civil contempt trial next week for failure to comply with court orders to clean up the alleged mismanagement of royalty monies held and overseen by the agency in the Indian Trust Fund.