Language

FERC Commissioners used tough language last Wednesday in saying that the federal agency will take action in response to a trend of power companies failing to make timely filings at the Commission related to their authority to sell power at market-based rates.

The American Public Gas Association (APGA), which represents the nation’s public gas systems, urged Interior Secretary Gale Norton to include language in the agency’s next five-year oil and gas leasing plan (2007-2012) that allows for lease sales in areas currently subject to drilling moratoria.

Legislative language that would have given the Commodity Futures Trading Commission (CFTC) greater oversight over wholesale natural gas prices was stricken from a broad amendment on electricity that was unveiled last Wednesday by the Senate Energy and Natural Resources Committee, as the full Senate prepared to return to debate on the energy bill this week.

Legislative language that would have given the Commodity Futures Trading Commission (CFTC) greater oversight of wholesale natural gas prices was removed from a broad legislative amendment on electricity that was released late Wednesday by the Senate Energy and Natural Resources Committee.

In some of his most colorful language yet in the still-unfolding western energy trading scandals, Portland, OR-based economic consultant Robert McCullough late last month assessed some of the documents turned over to California state legislators by Plano, TX-based Perot Systems Corp, offering an unnamed energy lawyer’s assessment that the Perot firm ran a veritable “crime school” for at least nine would-be market participants in 1997-98, even before the state’s industry restructuring kicked off.