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Feds

Court Sides with Feds in Ohio Edison Power Plant Emissions Case

The idea that Ohio Edison didn’t have fair warning on how to accurately interpret “routine maintenance” under the Clean Air Act prior to its implementing a series of modifications to a coal-fired power plant located in Ohio was firmly rejected by a U.S. District Court judge in a ruling issued last Thursday.

August 11, 2003

Dow Official Challenges Feds to Fix the Supply-Demand Gap They Created

Capping off a day-long emergency conference on Thursday called to address a potential crisis in the natural gas markets, Energy Secretary Spencer Abraham told reporters he planned to move quickly on submitting recommendations to President Bush that would soften the impact of a gas supply shortage this summer or next winter.

June 30, 2003

Feds Hint of More Indictments from Dynegy’s Project Alpha

Investigations are ongoing into “others” who may have been involved in a series of complex energy trades better known at Dynegy Inc. as Project Alpha, according to a Fort Worth-based Securities and Exchange Commission (SEC) official. The SEC official said “further action is likely” after three former Dynegy accountants were charged with criminal fraud on Thursday.

June 16, 2003

Feds Hint of More Indictments from Project Alpha

A Fort Worth-based Securities and Exchange Commission (SEC) official on Thursday said investigations were ongoing into “others” who may have been involved in a series of complex energy trades better known at Dynegy Inc. as Project Alpha, adding that “further action is likely,” after three former Dynegy employees were charged with criminal fraud.

June 13, 2003

Feds Net School of Enron’s Former Big Fish, Fastow’s Wife

Following more than a year of investigations into Enron Corp., several former top executives, including the wife of indicted CFO Andrew Fastow, were led in handcuffs into the Houston Federal Courthouse Thursday, where they were charged in various fraud schemes. Fastow, already under indictment on 78 counts of fraud and embezzlement, also was indicted Thursday on 31 additional criminal charges.

May 5, 2003

Process Gas Consumers Tell Feds: Hands Off Price Survey Process

The Process Gas Consumers (PGC), representing end users whose processes require the use of natural gas, has advised FERC Chairman Pat Wood it is “strongly” opposed to the federal government taking a hand in the price reporting process for natural gas, which is currently performed by independent publishers (such as NGI).

March 25, 2003

FERC, CFTC Budgets Higher; Feds Factor in Future ANWR Revenue

President George W. Bush last Monday targeted additional funding for energy infrastructure and oversight activities in his $199.4 million budget request for the Federal Energy Regulatory Commission for fiscal 2004.

February 10, 2003

EPSA Tells Feds that Power Suppliers Committed to Ethics Code

The Electric Power Supply Association (EPSA) on Monday reported to federal regulators that it has received letters from over 30 power suppliers that sit on EPSA’s board certifying that they have put in place polices and procedures designed to assure their compliance with EPSA’s recently adopted code of ethics for suppliers.

February 10, 2003

FERC, CFTC Budgets Higher; Feds Factor in Future ANWR Revenue

President George W. Bush on Monday targeted additional funding for energy infrastructure and oversight activities in his $199.4 million budget request for the Federal Energy Regulatory Commission for fiscal 2004.

February 4, 2003

Feds Probe Whether Enron Bamboozled Investors on True Worth of Pipes, Plants

Another year, and still the revelatory stories about Enron Corp.’s apparent misdeeds continue. Federal investigators combing through the convoluted stack of special purpose entities (SPEs) now are examining whether the company misled investors not only about its energy trades, but also covered up the actual value of its “real” assets — natural gas pipelines and power plants.

January 6, 2003