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While California regulators continue to emphasize efficiency, conservation and renewable energy, long-term power plans could include substantial supplies from billions of dollars of traditional natural gas-fired generation.

DTE Energy on Friday agreed to sell a portion of its Barnett Shale natural gas properties in Texas to an undisclosed third party for $260 million. The properties include 153 Bcf of proved and probable reserves on 11,000 net acres in the core of the play.

Buttressed by support from a coalition of futures market associations that include the New York Mercantile Exchange (Nymex), Amaranth Advisors LLC last Wednesday again asked a New York district court to stay a FERC enforcement action against it until a parallel case by the Commodity Futures Trading Commission (CFTC) is completed.

An investigation into BP plc’s commodities trading activities has been widened by U.S. authorities to include its U.S. crude oil and storage business activities, according to company filings with the Securities and Exchange Commission (SEC).

An investigation into BP plc’s commodities trading activities has been widened by U.S. authorities to include its U.S. crude oil and storage business activities, according to company filings with the Securities and Exchange Commission (SEC).

The U.S. Senate Thursday defeated efforts to include a $32 billion tax package in the underlying broad energy bill (HR 6), but Democrats scored a procedural victory to limit debate on the measure.

FERC last Wednesday approved a stipulation and consent agreement that allows Calpine Corp. affiliate Calpine Energy Services LP (CES) to include a $4.5 million civil penalty claim in its bankruptcy proceeding to resolve self-reported violations of the agency’s shipper-must-have-title requirements. The U.S. Bankruptcy Court for the Southern District of New York approved payment of the claim to the agency.

FERC Wednesday approved a stipulation and consent agreement that allows Calpine Corp. affiliate Calpine Energy Services LP (CES) to include a $4.5 million civil penalty claim in its bankruptcy proceeding to resolve self-reported violations of the agency’s shipper-must-have-title requirements. The U.S. Bankruptcy Court for the Southern District of New York approved payment of the claim to the agency.

Dominion Resources Inc. is considering a shake up of its wide-ranging business operations that may include a spin-off or sale of its profitable exploration and production (E&P) business and other nonstrategic assets next year. The company plans to refocus on its utility operations, CEO Tom Farrell said Tuesday.