Fellow

A small group of Colorado’s Republican-led lawmakers is trying to convince fellow state legislators to reconsider their plans to enact revised energy regulations, which are scheduled to take effect beginning in April.

ConocoPhillips CEO James Mulva called on fellow energy executives last week to embrace climate change policies because federal legislation “may be just a year or two away.” And the United States, he said, has to take a more active role worldwide to build a consensus.

ConocoPhillips CEO James Mulva Tuesday called on fellow energy executives to embrace climate change policies because federal legislation “may be just a year or two away.” The United States, he added, also has to take a more active role in global climate change to build a consensus.

Teton Energy Corp. has agreed to exchange half of its 25% working interest in the Piceance Basin to fellow independent producer Delta Petroleum Corp. for $33 million in cash, proved producing oil and gas properties and undeveloped acreage in the Denver-Julesburg (D-J) Basin, the company said.

Teton Energy Corp. has agreed to exchange half of its 25% working interest in the Piceance Basin to fellow independent producer Delta Petroleum Corp. for $33 million in cash, proved producing oil and gas properties and undeveloped acreage in the Denver-Julesburg (D-J) Basin, the company said.

Firm in its rejection of unsolicited takeover moves by a fellow merchant power generator, Princeton, NJ-based NRG Energy, Inc. late last Monday asked Delaware’s Chancery Court to dismiss a complaint filed last month by Mirant Corp, the would-be acquirer of NRG. Mirant sued over NRG’s staunch rejection of its proposed buyout offer as being undervalued and offering a weak stock.

If Wall Street’s reaction prevails, Princeton, NJ-based NRG Energy Inc.’s stiff arming of an unsolicited offer from fellow merchant power operator Atlanta-based Mirant Corp. should hold up. Whether Mirant drops the offer voluntarily as several Wall Street private equity hedge funds were suggesting late last week was still unclear.

One of the five elected members of the Arizona Corporation Commission (ACC) last Tuesday proposed to her fellow state regulators that ACC staff be directed to investigate the pension plan funding levels of all major utilities in the state after her assessment of the state’s three major private-sector energy utilities revealed they are all currently under-funded collectively by more than $500 million.

Rep. Joe Barton (R-TX) promised a fellow lawmaker last week that he would work to tackle the issue of creating transparency in natural gas price reporting beyond simply calling for a study in pending energy legislation when the bill reaches the Energy and Commerce Committee in the House of Representatives.