A special committee of directors that has been probing the extent of CMS Energy Corp.’s involvement in questionable round-trip energy trading activity is expected to disclose its findings to the company’s full board of directors on Oct. 31, said CFO Thomas J. Webb Tuesday. The company’s outside auditor, Ernst and Young, will review the work of the special committee and its corporate financial re-audit in November, and will report the results to the Securities and Exchange Commission (SEC) probably in December.
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Canadian Energy Minister Leads Trade Mission to Mexico
To promote private sector involvement, especially in the energy and supply sectors, Canadian Natural Resources Minister Ralph Goodale begins the second trade mission to Mexico City through Wednesday, joined in the four-day trip by executives from about 25 energy companies across Canada.
Electric Surveys Ponder Role of Feds, Communication
Electric restructuring should be left up to the states and besubject to a minimum of federal government involvement, accordingto one survey just completed for the Electric Consumers’ Alliance(ECA). Meanwhile, another survey by RKS Research & Consultantsfinds commercial customers are increasingly demanding of betterservice and lower rates from their electricity suppliers in stateswhere competition already has begun.
Richardson: Gas is Finally Getting the Support it Deserves
With promises for the “de-carbonization of energy,” more stateinvolvement in Energy Department’s initiatives, and “help for ourown people-domestic oil and gas producers,” the new DOE SecretaryBill Richardson sparked a standing ovation from approximately 400attendees at the DOE-NARUC Natural Gas Conference in Pittsburghlast week.