Involving

FERC, Amaranth Nearing Settlement of Charges

Chief Administrative Law Judge (ALJ) Curtis L. Wagner last Monday suspended proceedings in a major enforcement case involving Amaranth Advisors LLC, affiliates and two former natural gas traders so that FERC staff and the parties can further pursue settlement negotiations on charges of allegedly manipulating natural gas prices.

November 17, 2008

FERC, Amaranth Nearing Settlement of Charges

Chief Administrative Law Judge (ALJ) Curtis L. Wagner Monday suspended proceedings in a major enforcement case involving Amaranth Advisors LLC, affiliates and two former natural gas traders so that FERC staff and the parties can further pursue settlement negotiations on charges of allegedly manipulating natural gas prices.

November 11, 2008

CPUC Clarifies Approach to Utility LNG Buying

California regulators decided Thursday they will not try to establish a separate set of rules for utilities to file in undertaking supply contracts involving liquefied natural gas (LNG) imports. It was agreed that LNG imports should compete “head-to-head” with domestic gas supplies, the California Public Utilities Commission (CPUC) said.

October 17, 2008

Commerce Stays Closure of Record in Weaver’s Cove CZMA Appeal

Commerce Secretary Carlos Gutierrez has postponed closing the record in the case involving the Weaver’s Cove liquefied natural gas (LNG) terminal project for an additional 60 days to receive more information on the company’s consistency appeal under the Coastal Zone Management Act (CZMA).

March 10, 2008

FERC Asked to Block Hedge Fund’s Risky Trading Activity

The PJM Interconnection last week called on FERC to take action to prevent defaults on trades involving financial transmission rights (FTR) positions in the regional transmission organization (RTO), which are leaving its members holding the bag.

March 10, 2008

Commerce Stays Closure of Record in Weaver’s Cove CZMA Appeal

Commerce Secretary Carlos Gutierrez has postponed closing the record in the case involving the Weaver’s Cove liquefied natural gas (LNG) terminal project for an additional 60 days to receive more information on the company’s consistency appeal under the Coastal Zone Management Act (CZMA).

March 4, 2008

Firm’s Credit Woes Won’t Impact CA Gas Pre-pay Deals, S&P Says

Questions about the credit ratings of a debt service provider in two natural gas pre-pay deals involving California’s primary public-sector utility financing arms will not affect the credit or outlook on either state-chartered agency, according to Standard & Poor’s Ratings Services (S&P). Combined, the gas contracts involve $1.26 billion in project revenue bonds.

February 15, 2008

FERC Fines BP, Anadarko for Violating Capacity Release Policies

FERC late Thursday assessed civil penalties totaling $7.3 million in approving settlements of two separate enforcement matters involving BP Energy Co. and Anadarko Petroleum Corp. subsidiary MGTC Inc. The penalties against BP coincided with a sweeping action by the Environmental Protection Agency, the Commodity Futures Trading Commission and the Department of Justice, also on Thursday.

October 29, 2007

High Court to Hear DE, NJ Boundary Dispute in LNG Case

The Supreme Court on Nov. 27 will hear oral arguments from attorneys for New Jersey and Delaware over a jurisdictional dispute involving a proposed liquefied natural gas (LNG) terminal along the Delaware River in Logan Township, NJ.

October 22, 2007

High Court to Hear DE, NJ Dispute in LNG Case

The Supreme Court said Monday it will hear oral arguments from attorneys for New Jersey and Delaware over a jurisdictional dispute involving a proposed liquefied natural gas (LNG) terminal along the Delaware River in Logan Township, NJ.

October 16, 2007
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