Documents furnished by PG&E Gas Transmission-Northwest Corp. (PG&E-GTN) to FERC fail to “conclusively establish” that the pipeline can demand one year of reservation charges as collateral from non-creditworthy shippers to guarantee continued transportation service, according to Denver, CO-based e prime Inc., a subsidiary of Xcel Energy.
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Marketer: PG&E Pipe Using Outdated Loan Papers to Back Collateral Demand
Documents furnished by PG&E Gas Transmission-Northwest Corp. (PG&E-GTN) to FERC fail to “conclusively establish” that the pipeline can demand one year of reservation charges as collateral from non-creditworthy shippers to guarantee continued transportation service, according to Denver, CO-based e prime Inc., a subsidiary of Xcel Energy.
February 7, 2003
El Paso Identifies More False Price Reports; Prosecutors Say Part of Conspiracy
El Paso Corp. disclosed last Monday it has furnished the U.S. Attorney’s Office in Houston with details of more incidents in which its employees gave deceptive information on natural gas trades to the energy trade publication, Platts’ Inside F.E.R.C. At the same time, federal prosecutors said in court the false reporting practices of El Paso traders were part of a two-year-old conspiracy to manipulate energy prices.
January 20, 2003
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