General Counsel Kevin P. Madden is leaving the Federal Energy Regulatory Commission to take the position of executive vice president of legal, regulatory and governmental strategy at AGL Resources Inc., the company announced Tuesday. Madden has held a number of executive positions during his lengthy service with FERC, including deputy director of the Office of Markets, Tariffs and Rates, director of the Office of Pipeline Regulation, and director, Office of Hydropower Licensing. His experience includes primary responsibility for crafting and implementing such landmark federal regulatory decisions as Order Nos. 636, 637, 888 and 2000, which resulted in the restructuring of the natural gas and electric utility industries.”We are thrilled to have Kevin Madden, who has been a dominant force in the energy industry, join the AGL team,” said Paula G. Rosput, president and CEO of AGL Resources.
Legal
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Shell’s Bid for Barrett Continues; Other Offers Predicted
In a second lawsuit filed last week to prevent future legal roadblocks, Royal Dutch Shell Group asked a federal court to declare that its tender offer to take over Denver-based Barrett Resources Corp. complied with the regulations of the Securities and Exchange Commission, and that Barrett may not file a lawsuit on any merger-related issues except in the Delaware courts, where Barrett is incorporated.
Shell Fires Second Lawsuit; Barrett Responds
In a second lawsuit filed this week to prevent future legalroadblocks, Royal Dutch Shell Group is asking a federal court todeclare that its tender offer to take over Denver-based BarrettResources Corp. complies with the regulations of the Securities andExchange Commission, and that Barrett may not file a lawsuit on anymerger-related issues except in the Delaware courts, where Barrettis incorporated.
AEC Expands Storage Holdings, Buys OK Facility
Alberta Energy Company (AEC) has pulled the Manchester GasStorage Facility in Oklahoma out of the legal quagmire surroundingthe Mountain Energy bankruptcy. AEC subsidiary Salt Plains StorageInc. purchased Manchester, which is located in Grant County, OK,for $42 million last month.
AEC Expands Storage Holdings, Buys OK Facility
Alberta Energy Company (AEC) has pulled the Manchester GasStorage Facility in Oklahoma out of the legal quagmire surroundingthe Mountain Energy bankruptcy. AEC subsidiary Salt Plains StorageInc. purchased Manchester, which is located in Grant County, OK,for $42 million last month.
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.
FERC Declares RRM in Dynegy-El Paso Contract Legal
FERC last week clarified that the controversial “rate reductionmechanism” (RRM) in the capacity contract between Dynegy Marketingand Trade and El Paso Natural Gas is “not an unlawful practice orcontract” under the Natural Gas Act. Commissioner William Massey,however, issued a blistering attack not only against the RRM, butthe entire El Paso-Dynegy transaction.
FERC Declares RRM in Dynegy-El Paso Contract Legal
FERC earlier this week clarified that the “rate reductionmechanism” (RRM) in the capacity contract between Dynegy Marketingand Trade and El Paso Natural Gas is “not an unlawful practice orcontract” under the Natural Gas Act. Commissioner William Massey,however, issued a blistering attack against the RRM and the entireEl Paso-Dynegy transaction.
Kern Offers to Cut Rates, Settles With Shippers Before Case Begins
In a rare move that eliminates huge legal costs, Kern River GasTransmission has submitted to FERC a negotiated settlementagreement on its rate design prior to the start of a general ratecase (RP99-274). The agreement has the approval of all of itsshippers. Kern’s general rate case was scheduled to begin thismonth.
Kern, Shippers Settle Rate Case Before it Begins
In a rare move that eliminates huge legal costs, Kern River GasTransmission has submitted to FERC a negotiated settlementagreement on its rate design prior to the start of a general ratecase (RP99-274). The agreement has the approval of all of itsshippers. Kern’s general rate case was scheduled to begin thismonth.
