Northern Illinois Gas Co. (Nicor Gas) has agreed to pay nearly $4.1 million for its role in mercury leaks and improper disposal over a 10-year period of some of its gas regulators that were replaced by the utility in its service area. The agreement, approved by Cook County Circuit Court Judge Paul P. Biebel, was reached on Wednesday between Nicor Gas and the Illinois attorney general and the state’s attorneys of Cook, DuPage and Will counties.
Lawsuits
Articles from Lawsuits
Cal-PX Won’t Go Quietly Despite Lawsuits, FERC Flak, Chapter 11
Regardless of what state and federal officials would prefer,California’s now-Chapter 11-bound former wholesale spot powermarket, the California Power Exchange (Cal-PX) is not goingquietly. The PX perfers to fight to re-attain former utilityfutures contracts seized by the governor and to support theviability of electricity commodity exchanges if regulators andpoliticians will make a commitment to make them work.
March 19, 2001
Lawsuits, FERC Challenges Force Cal-PX into Chapter 11
Still holding on to the collateral of its 70-odd participants inthe form of letters of credit and bonds worth hundreds of millionsof dollars, California’s state-chartered nonprofit wholesale spotmarket for electricity, Cal-PX, chose a Chapter 11 bankruptcyfiling last week because of the preponderance of litigation andfederal regulatory actions pending, its CEO George Sladoje saidMonday.
March 13, 2001
Exxon Mobil to Appeal $3.5B Royalty Judgment
Exxon Mobil Corp. said it will take “all legal steps” tochallenge a record $3.5 billion verdict announced last week by anAlabama jury, which found the oil company had defrauded the stateand underpaid royalties on natural gas well leases in state waters.The case centered on charges that the energy giant had underpaid upto $87.7 million in royalties on the Mobile Bay natural gas projectin the Gulf of Mexico.
December 25, 2000
Class Action Suits Filed Against Avista
A handful of law firms have filed class action lawsuits on behalf of Avista Corp.’s stockholders after the company reported a loss of $22.1 million or $0.47 per share in the second quarter, stemming from unhedged power trades in the forward market. The loss compared to a gain of $3.1 million or $0.08 per share in 2Q99.
August 7, 2000
Class Action Suits Filed Against Avista
A handful of law firms have filed class action lawsuits onbehalf of Avista Corp.’s stockholders after the company reported aloss of $22.1 million or $0.47 per share in the second quarter,stemming from unhedged power trades in the forward market.
August 1, 2000
Ohio Bill Would Bolster Columbia’s Defense
A day after a Delaware Judge dismissed one of three NiSourcelawsuits against Columbia Energy Group, NiSource suffered yetanother setback in its battle for a hostile takeover of Columbia.Ohio State Representative David Goodman (R-Bexley), who already haspublicly opposed the merger, has introduced legislation designed toclose a loophole in Ohio law that would allow hostile takeovers ofgas utilities to take place without public review and scrutiny.Goodman was joined as sponsor of the legislation by 77 of the 99members of the Ohio House of Representatives.
September 24, 1999
Mitchell Settles Remaining TX Suits
Mitchell Energy & Development agreed to settle the lastremaining 25 North Texas groundwater lawsuits brought against acompany subsidiary. Plaintiffs alleged in the suits that Mitchell’soil and gas operations in Wise County, TX, affected theirgroundwater.
September 3, 1998
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