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Discovery Gas Transmission LLC has filed an application with FERC for an expansion that would include four new delivery points, increasing its delivery capability into the southern Louisiana pipeline grid by 150,000 Dth/d.

Discovery Gas Transmission LLC has filed with FERC an application for an expansion that would include four new delivery points, increasing its delivery capability by 150 Dth/d to the southern Louisiana region.

A shareholder lawsuit originally filed last year against Dynegy Inc. was amended on Friday to include more plaintiffs in a complaint that alleges the company hid an $850 million loan from Citicorp through an off-balance sheet transaction in 2000 to preserve its credit rating. The lawsuit is led by the University of California, which has lost millions on its Dynegy investments.

As part of a package of proposed legislation that is expected to emerge by the end of the month, California’s leading legislator examining wholesale energy market participants indicated on Tuesday that legislation will be introduced related to published natural gas prices in trade publications that compile indexes used by regulators and market participants. The new law could preclude state regulators from using the price indexes for setting electricity rates.

As part of a package of proposed legislation that is expected to emerge by the end of the month, California’s leading legislator examining wholesale energy market participants indicated on Tuesday that legislation will be introduced related to published natural gas prices in trade publications that compile indexes used by regulators and market participants. The new law could preclude state regulators from using the price indexes for setting electricity rates.

Even in the midst of a credit/credibility crunch that has shrunk its stock price and slowed its aggressive development program, San Jose, CA-based Calpine Corp. is looking to expand its natural gas operations, including a lusting eye toward the coal-bed methane industry in the heartland of the U.S. During an interview with NGI Tuesday, Calpine’s chief gas executive said he expects prices to trend upward as new supplies get tighter.

The Senate voted unanimously Friday to amend its broad energy bill to include previously passed legislation calling for stricter safety standards for natural gas and hazardous liquids pipelines.

The latest developments in the Enron case include the appointment of an examiner to monitor cash flows at Enron North America, reports that Arthur Andersen is seeking a total settlement of claims against the accounting firm relating to Enron, and statements by Enron’s interim CEO Stephen Cooper that the bankrupt company is planning a “broad legal assault” against individuals who forced the company into bankruptcy.

Argentina’s economic “restoration plans” that include a devaluation of the currency announced on Jan. 6 will impact a number of companies with operations in South America, including Sempra Energy, Duke Energy and other private-sector investors in utility and energy projects in South America’s third largest economy.