Legal

Former Enron Corp. CEO Jeffrey Skilling on Friday asked the Fifth U.S. Circuit Court of Appeals in New Orleans to throw out all of his 19 convictions.

The proposed Islander East Pipeline, which has been held up in an ongoing legal dispute with the state of Connecticut, won a key victory in the U.S. District Court of New Haven on March 23, but the battle is far from over.

The proposed Islander East Pipeline, which has been held up in an ongoing legal dispute with the state of Connecticut, won a key victory in the U.S. District Court of New Haven last Friday, but the battle is far from over.

IntercontinentalExchange Inc. (ICE) Thursday made a rival bid for Chicago Board of Trade parent CBOT Holdings Inc. in a $9.9 billion stock-for-stock transaction that would create “the world’s most comprehensive” derivatives exchange. The proposal is a direct challenge to a pending $8 billion bid for CBOT by the Chicago Mercantile Exchange (CME) (see Daily GPI, Oct. 18, 2006).

With a legal opinion supporting the move, the Port of Long Beach Harbor Commission last week decided to terminate an ongoing environmental assessment and reject a four-year-old proposal by Sound Energy Solutions (SES) to build a 1 Bcf/d receiving terminal for liquefied natural gas (LNG) in the harbor.

With a legal opinion supporting the move, the Port of Long Beach Harbor Commission Monday decided to terminate an ongoing environmental assessment and reject a four-year-old proposal by Sound Energy Solutions (SES) to build a 1 Bcf/d receiving terminal for liquefied natural gas (LNG) in the harbor.

ExxonMobil Corp. and several other producers have less than 30 days to consider a legal challenge to Alaska’s decision last week that revoked some decades-old leases in the North Slope’s Point Thomson field. Barring a lawsuit, the natural gas-rich acreage could be opened to newcomers in a state lease sale scheduled for October 2007.

ExxonMobil Corp. and several other producers have less than 30 days to pursue their legal options following Alaska’s decision this week to revoke some decades-old leases in the North Slope’s Point Thomson field. Barring a lawsuit, the natural gas-rich acreage could be opened to newcomers in a state lease sale scheduled for October 2007.

Citing the U.S. natural gas futures market’s volatility over the past few years in spite of the market’s underlying fundamentals, the National Legal and Policy Center (NLPC) called on regulators Tuesday to investigate volatility levels and possible manipulation of the market.