As a companion to its report on western market manipulation, the Federal Energy Regulatory Commission last Wednesday issued broad orders requiring Enron-affiliated companies, Reliant Energy Services Inc. and BP Energy Co. to show cause why they should not be stripped of their market-based authority and/or their blanket gas marketing certificates.
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Marathon Seeks Review of IBLA Ruling Declaring CBM Leases Illegal
Marathon Oil has filed an appeal in federal court in Wyoming seeking to overturn a ruling by the Interior Department’s Board of Land Appeals (IBLA) that found three Marathon-owned leases for coalbed methane (CBM) development in the Powder River Basin were illegally awarded by the federal government in early 2000.
Missouri AG Calls for Gas Regulation Overhaul
Finding no evidence of illegal activity on the part of localdistribution gas companies, Missouri Attorney General Jay Nixonstill wants the state’s system of natural gas regulation overhauledbecause it does not provide consumers with appropriate protectionsfrom “dramatic price increases.”
Anonymous Letters Put UtiliCorp in Hot Water
Investigations in several states are getting under way intoalleged illegal profit-taking by UtiliCorp United in Missouri,Michigan, Nebraska, Minnesota and Iowa. An anonymous letter fromsomeone who claimed to be a current employee for UtiliCorp was sentto state regulators alleging the company’s Gas Supply ServiceDepartment (GSS) took part in improper actions in reselling naturalgas to customers in these states.
Anonymous Letters Put UtiliCorp in Hot Water
Investigations in several states are getting under way intoalleged illegal profit-taking by UtiliCorp United in Missouri,Michigan, Nebraska, Minnesota and Iowa. An anonymous letter fromsomeone who claimed to be a current employee for UtiliCorp was sentto state regulators alleging the company’s Gas Supply ServiceDepartment (GSS) took part in improper actions in reselling naturalgas to customers in these states.
Enron Calls Mandatory Capacity Assignment Illegal
The states’ practice of mandating the assignment of LDC-heldupstream capacity to marketers as an “express condition” toallowing them or their customers access to an unbundled natural gasmarketplace flies in the face of antitrust laws and FERC’s gasrestructuring rule, contends Enron Corp.’s marketing arm.
Enron: Mandatory Capacity Assignment Illegal
The states’ practice of mandating the assignment of LDC-heldupstream capacity to marketers as an “express condition” toallowing them or their customers access to an unbundled natural gasmarketplace flies in the face of antitrust laws and FERC’s gasrestructuring rule, contends Enron Corp.’s marketing arm.