Individual

The extent of the damage from Katrina became a little clearer last week, but predictions on how long the repair process will take and when full production will be restored varied widely. Secretary of Energy Samuel Bodman and Interior Secretary Gail Norton, who toured the damaged area in the Gulf Coast region on Tuesday, warned that natural gas shortages are possible this winter, but analysts interviewed by NGI predicted high prices likely would balance supply and demand.

A former El Paso Corp. energy trader and a ex-Dynegy Inc. trader will be tried separately early next year on charges of reporting bogus energy data to an industry publication. A Houston judge set the first trial for Jan. 12, with the second trial scheduled to immediately follow.

Reliant Resources Inc.’s power trading subsidiary, Reliant Energy Services Inc., and four individual traders pleaded not guilty Friday to charges that they artificially drove up power prices in California by keeping generation capacity off the market during a two-day period in June 2000 (see Daily GPI, April 12).

Lehman Brothers on Thursday boosted its outlook on the oil and gas sector, raised its forecast for several individual energy stocks and increased its price predictions for both oil and gas through 2005.

Lehman Brothers on Thursday boosted its outlook on the oil and gas sector, raised its forecast for several individual energy stocks and increased its price predictions for both oil and gas through 2005.

El Paso Corp.’s top individual shareholder, Selim K. Zilkha, who engineered a failed takeover attempt of the board of directors last year, reportedly has sold his stock in the company.

Rather than dealing with “one gargantuan bill,” the Senate should pick out the energy provisions that have the broadest support and are likely to do the most good and pass them individually or in small packages, suggested the ranking Democrat on the Senate Energy and Natural Resources Committee in a Capitol Hill newspaper article last Tuesday.

Rather than dealing with “one gargantuan bill,” the Senate should pick out the energy provisions that have the broadest support and are likely to do the most good and pass them individually or in small packages, suggested the ranking Democrat on the Senate Energy and Natural Resources Committee in a Capitol Hill newspaper article Tuesday.

As the Federal Energy Regulatory Commission prepared to act on its investigation into California’s charges of gas and electricity market manipulation, it ruled Friday it would release most of the company records submitted in the case on March 26 — the date scheduled for a decision — or later. The Commission’s issuance of the order Friday gives the companies time to press for injunctions against the release of confidential information.