Fighting what it views as illegal pipeline charges, a coalition of Southern California’s major electricity generators last Monday filed with FERC to get federal regulators to turn back proposed state-sanctioned access fees for interstate shippers wanting to use the Southern California Gas Co. (SoCalGas) backbone transmission system. The fees are scheduled to go into effect in the second half of next year.
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SoCal Generators Ask FERC to Nix Sempra Pipe Access Fees
Fighting what they view as illegal pipeline charges, a coalition of Southern California’s major electricity generators Monday filed with FERC to get federal regulators to turn back proposed state-sanctioned access fees for interstate shippers wanting to use the Southern California Gas Co. (SoCalGas) backbone transmission system. The fees are scheduled to go into effect in the second half of next year.
Fastow Fingers Lay in Enron’s Deception
After implicating Enron Corp.’s ex-CEO Jeffrey Skilling in many of the company’s illegal deals, former CFO Andrew Fastow fingered Enron founder Kenneth Lay on Wednesday, testifying that Lay not only knew about the financial shenanigans before the company dissolved into bankruptcy, but also actively took part in deceiving shareholders and the news media.
Peoples Gas Denies Overcharging Customers by $149M
Peoples Gas, a subsidiary of Chicago-based Peoples Energy, allegedly overcharged customers by at least $149 million as the result of an illegal profit-sharing deal with an affiliate of now-bankrupt Enron Corp. during the winter of 2000-2001, according to a study commissioned by the city of Chicago and a consumer watchdog group.
Peoples Denies Accusation of Overcharging Customers by $149M
Peoples Gas, a subsidiary of Chicago-based Peoples Energy, allegedly overcharged customers by at least $149 million as the result of an illegal profit-sharing deal with an affiliate of now-bankrupt Enron Corp. during the winter of 2000-2001, according to the latest testimony filed by the city of Chicago and a consumer advocacy group with Illinois regulators.
Former BP Trader Settles with CFTC, Ex-El Paso Employees Said to be Targeted
A former trader for BP Energy Co. accused for six illegal “wash” trades between April and June 2000 last week settled with the Commodity Futures Trading Commission (CFTC) for $30,000. Byron G. Biggs, who did not admit or deny the findings, was employed as a power trader by BP from 1999-2003.
Former BP Trader Settles with CFTC, Ex-El Paso Employees Said to be Targeted
A former trader for BP Energy Co. accused for six illegal “wash” trades between April and June 2000 has settled with the Commodity Futures Trading Commission (CFTC) for $30,000. Byron G. Biggs, who did not admit or deny the findings, was employed as a power trader by BP from 1999-2003.
House Lawmakers Hint at Illegal Use of DOE Funds for Energy Bill Lobbying
Two House lawmakers who voted against the omnibus energy bill have expressed concern that the Department of Energy (DOE) may be illegally using department appropriations to carry out a “coordinated grassroots lobbying effort” to cinch passage of the measure when the Senate returns in late January.
MMS Reaches $49M Illegal Flaring Settlement With Shell
The Minerals Management Service (MMS) last week reached a $49 million settlement agreement with Shell Oil Co. on unauthorized flaring or venting of large volumes of natural gas at its Auger platform and other facilities in the Gulf of Mexico.
MMS Reaches $49M Illegal Flaring Settlement With Shell Oil
The Minerals Management Service said Tuesday that it has reached a $49 million settlement agreement with Shell Oil Co. on unauthorized flaring or venting of large volumes of natural gas at its Auger platform and other facilities in the Gulf of Mexico.