Manages

Global investment firm Kohlberg Kravis Roberts & Co. LP and affiliates (KKR) said its energy and infrastructure platform now manages $4 billion in non-private equity related assets following its most recent fund closings.

State of New York Comptroller Thomas P. DiNapoli, who manages the New York State Common Retirement Fund, joined other large investor groups on Tuesday and urged Chesapeake Energy Corp. shareholders to not support the reelection of board members Richard Davidson and V. Burns Hargis, the only two up for reelection.

Atlanta-based AGL Resources and Naperville, IL-based Nicor Inc. received approval of their merger from the Illinois Commerce Commission (ICC), the final regulatory nod needed to create a natural gas distribution behemoth operating in seven states.

The Pennsylvania Game Commission (PGC) approved four deals with Marcellus Shale operators at its April meeting, including one that could lead to drilling on state lands.

Five affiliates of New York-based Tower Research Capital LLC and Mark Gorton, managing director of a hedge fund that manages the affiliates, filed a lawsuit last Wednesday accusing the PJM Interconnection and 20 unidentified PJM members of wrongfully seizing property belonging to the affiliates, “intentionally and tortuously” inflicting severe injury and damaging the reputation of Gorton.

With the expectations that peak demand for electricity this summer will be less than last summer’s record, PJM Interconnection, which manages the nation’s largest electricity grid spanning all or parts of 13 eastern states and the District of Columbia, said last week that power supplies in its region should be sufficient to meet consumers’ forecasted peak usage this summer.

A bill proposing to significantly alter the make-up of a Colorado commission that manages oil and natural gas operations, as well as to redefine the term “waste,” cleared the state House Friday. A spokesman for the Colorado Oil and Gas Association (COGA) called it “one of the more dramatic pieces of legislation” that the energy industry is facing nationwide.

A bill proposing to significantly alter the make-up of a Colorado commission that manages oil and natural gas operations, as well as to redefine the term “waste,” cleared the state House Friday. A spokesman for the Colorado Oil and Gas Association (COGA) called it “one of the more dramatic pieces of legislation” that the energy industry is facing nationwide.

December natural gas futures opened lower Tuesday, immediately probing the downside, but rebounded after failing to test the overnight Access low at $4.585. It bounced up to a high of $4.790 at 11 a.m. EST before relaxing and then trading sideways the rest of the day. The near-month contract managed a 2.2-cent daily gain, ending the session at $4.727. The January contract slipped 0.6 cents to $4.977, February added 0.4 cents to close at $4.982, and March slid 0.1 cents to $4.887.