Firms

In its annual report to Congress, the Commodity Futures Trading Commission (CFTC) said it brought eight major enforcement actions against energy companies in fiscal 2003 as a result of its “extensive investigation of alleged abuses in energy-related markets.” And, it added, more were in store.

In its annual report to Congress, the Commodity Futures Trading Commission (CFTC) said it brought eight major enforcement actions against energy companies in fiscal 2003 as a result of its “extensive investigation of alleged abuses in energy-related markets.” And, it added, more are in store.

FERC, in a final rule issued last Wednesday, imposed new quarterly financial reporting requirements on natural gas and electric companies, and oil pipeline companies to keep closer tabs on the energy industry.

FERC, in a final rule issued Wednesday, imposed new quarterly financial reporting requirements on natural gas and electric companies, and on oil pipeline companies to keep closer tabs on the energy industry.

FERC last Thursday approved a series of settlement agreements previously hammered out between Commission staff and four power companies, as well as a city in California, resolving allegations that the power-related entities tried to game California’s electricity market in 2000-2001. Under the settlements, the power companies and the California city will pay a total of $141,834.

Seeking to shield regulated companies and their customers from cash-hungry parent corporations, FERC last Wednesday issued a final rule that requires regulated natural gas and oil pipelines and public utilities who participate in intra-corporate cash pool arrangements with their unregulated parents and affiliates to submit written agreements to the agency for scrutiny.

Seeking to shield regulated companies from cash-hungry parent corporations, FERC on Wednesday issued a final rule that requires regulated natural gas and oil pipelines and public utilities who participate in intra-corporate cash management pools with their parents and affiliates to submit written agreements to the agency for scrutiny.

The Federal Energy Regulatory Commission released Thursday a list of 12 major energy companies and a group of Enron-linked concerns that it says are the target of continuing investigations into alleged manipulation of natural gas and electricity prices.

The Federal Energy Regulatory Commission released last Thursday a list of 12 major energy companies and a group of Enron-linked concerns that it says are the target of continuing investigations into alleged manipulation of natural gas and electricity prices.