Industrials

The Industrial Energy Consumers of America (IECA) told members of Congress last Thursday that ethical questions have been raised by CFTC Chairman James E. Newsome’s decision to resign from the agency in order to become the new president of the New York Mercantile Exchange (Nymex), which is regulated by the Commodity Futures Trading Commission (CFTC).

The Industrial Energy Consumers of America (IECA) told members of Congress Thursday that ethical questions have been raised by CFTC Chairman James E. Newsome’s decision to resign from the agency in order to become the new president of the New York Mercantile Exchange (Nymex), which is regulated by the CFTC.

Oregon Attorney General Hardy Myers last week announced the distribution of more than $8 million in restitution to Oregon utility companies — the bulk going to Portland General Electric (PGE) — and industrial customers for losses during the electricity price spikes of 2000-2001.

The Industrial Energy Consumers of America (IECA) has called on FERC for quick action to mandate price reporting, citing investigations and settlements by the Commodities Futures Trading Commission (CFTC) with 16 energy companies.

The Industrial Energy Consumers of America (IECA) has called on FERC for quick action to mandate price reporting, citing investigations and settlements by the Commodities Futures Trading Commission (CFTC) with 16 energy companies.

As the broad energy bill (HR 6) hangs in the balance in the Senate, representatives of the struggling steel, agriculture and paper industries told a House subcommittee last week that they need fast relief from high natural gas prices. Assurances of lower prices 10 or more years down the road, when liquefied natural gas (LNG) imports and Alaska gas are projected to play a bigger role in the U.S. supply mix, don’t help them now, they said.

As the broad energy bill (HR 6) hangs in the balance in the Senate, representatives of the struggling steel, agriculture and paper industries told a House subcommittee that they need fast relief from high natural gas prices. Assurances of lower prices 10 or more years down the road, when liquefied natural gas (LNG) imports and Alaska gas are projected to play a bigger role in the U.S. supply mix, won’t do, they said.

The Industrial Energy Consumers of America (IECA) believes the Office of Management and Budget (OMB), which assists the president in overseeing the federal budget, has been dragging its feet on an important proposed rule that is designed to stimulate more natural gas production from deep gas wells in the shallow waters of the Gulf of Mexico.

The Industrial Energy Consumers of America (IECA) believes the Office of Management and Budget (OMB), which assists the president in overseeing the federal budget, has been dragging its feet on an important proposed rule that is designed to stimulate more natural gas production from deep gas wells in the shallow waters of the Gulf of Mexico.