Boise-based IDACORP, parent company of Idaho Power, disclosed that it is under investigation by the Commodity Futures Trading Commission for potentially engaging in round-trip or wash trading, which is designed primarily to boost trading volumes to create the appearance of a larger trading operation.
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IDACORP Discloses CFTC Wash Trading Investigation
Boise-based IDACORP, parent company of Idaho Power, disclosed that it is under investigation by the Commodity Futures Trading Commission for potentially engaging in round-trip or wash trading, which is designed primarily to boost trading volumes to create the appearance of a larger trading operation.
Wood Wants to ‘Close Out’ Long-Running Dispute over El Paso Capacity
After seven technical conferences and four alternative dispute-assisted settlement conferences addressing the capacity allocation problems on El Paso Natural Gas, FERC Chairman Pat Wood told the pipeline, its customers and state regulators last week that “we kind of need to close this baby out.” El Paso President Patricia Shelton agreed, adding “it’s getting ugly.”
Producers, Potato-Makers Protest Viking’s 50%-Plus Rate Hike
Canadian producers, distributor customers and Idaho potato processors are protesting a rate case filing by Viking Gas Transmission that the protesters claim would raise the pipeline’s rates by over 50% at the same time it proposes a number of changes in its rate and scheduling scheme, including term-differentiated rates.
Southern Trails Stymied by SoCalGas Tariff
With focus shifting to natural gas prices and supplyavailability this fall and winter, a proposed conversion of the old16-inch-diameter Four Corners oil pipeline to natural gas has runinto a stalemate over a Southern California Gas Co. tariff thatallegedly inhibits the new pipeline from signing up industrialloads in the southern half of the state.