Flying

Bush Administration Turns Deaf Ear to Bingaman’s Gas Proposals

The Bush administration has turned a deaf ear to Sen. Jeff Bingaman’s (D-NM) recommendations on how the president can use his existing authority to cut high-flying natural gas prices and bolster supply.

June 14, 2004

Mitsubishi Pushes for California LNG Terminal at Long Beach Harbor

Flying low under the normal local media and environmental radar screens, Japanese mega-conglomerate Mitsubishi is pushing ahead with preliminary plans for building a liquefied natural gas (LNG) receiving terminal along the Southern California coast in Long Beach Harbor on part of a former U.S. Naval Base. A local official connected to the Japanese giant said it is only a few months away from making formal federal energy and environmental filings.

May 5, 2003

Mitsubishi Pushes for California LNG Terminal at Long Beach Harbor

Flying low under the normal local media and environmental radar screens, Japanese mega-conglomerate Mitsubishi is pushing ahead with preliminary plans for building a liquefied natural gas (LNG) receiving terminal along the Southern California coast in Long Beach Harbor on part of a former U.S. Naval Base. A local official connected to the Japanese giant said it is only a few months away from making formal federal energy and environmental filings.

May 2, 2003

Sempra Energy Reports Second Quarter Earnings Increase

Although its previous high-flying trading and international operations were down, San Diego-based Sempra Energy rode its California utility, energy services and power sales operations to increased profits in the second quarter, reporting on Tuesday net income of $147 million, or 71 cents/diluted share, compared with $137 million, or 66 cents/diluted share for the second quarter of last year.

July 24, 2002

Sempra Energy Reports Second Quarter Earnings Increase

Although its previous high-flying trading and international operations were down, San Diego-based Sempra Energy rode its California utility, energy services and power sales operations to increased profits in the second quarter, reporting on Tuesday net income of $147 million, or 71 cents/diluted share, compared with $137 million, or 66 cents/diluted share for the second quarter of last year.

July 24, 2002

El Paso: Enron’s Woes Unlikely to Have ‘Domino Effect’

Even if the once high-flying Enron Corp. should cease to exist, either by being declared bankrupt or by being swallowed by Dynegy Corp. or another competitor, it is unlikely that this would have a significant “domino effect” on other companies in the energy business due to their limited financial exposure to Enron, El Paso Corp. executive Ralph Eads told Wall Street analysts Wednesday.

November 9, 2001

UtiliCorp to Spin off Aquila Next Year

Unable to find a suitable generation partner for its high flyingtrading arm UtiliCorp United Inc. instead will make an initialpublic offering for a portion of subsidiary Aquila Energy Corp. andthen spin off the remaining shares next year to its shareholders ina tax-free distribution. The result will be two stand-alonepublicly traded companies, both based in Kansas City.

April 12, 2001

UtiliCorp to Spin off Aquila Next Year

Unable to find a suitable generation partner for its high flying trading arm, UtiliCorp United Inc. instead will hold an initial public offering for a portion of subsidiary Aquila Energy Corp. and then spin off the remaining shares next year to its shareholders in a tax-free distribution. The result will be two stand-alone publicly traded companies, both based in Kansas City.

December 18, 2000

Investigators Probing Avista’s Trading Practices

Legal troubles for the once high-flying Avista Corp. continue toadd up, as federal investigators have begun looking into possibleenergy futures trading rule violations that may have occurred twoyears ago at a Houston subsidiary.

November 16, 2000

Avista, CMS 3Qs Should Be Better than Expected

Avista Corp., flying high on an over-the-top performance by its trading subsidiary, and CMS Energy, buoyed by favorable power transactions and cost reductions, both said Friday they will report above consensus estimates for the third quarter. Spokane, WA-based Avista officially will report its earnings Oct. 25, and CMS, headquartered in Dearborn, MI, will follow the next day.

October 16, 2000