Monetary

Facing ever-stiffer criticism and monetary penalties for its past natural gas pipeline safety blunders, Pacific Gas and Electric Co. (PG&E) on Friday asked state regulators to separate its ongoing pipe proceedings into one to set future rules and another to review the combination utility’s past safety practices.

A trio of producers has asked FERC to delay Rockies Express Pipeline’s (REX) hydrostatic testing of its line in September for one simple reason — monetary gain, REX charges.

The U.S. Commodity Futures Trading Commission (CFTC) has obtained a $55,000 civil monetary penalty and a permanent injunction in a consent order settling charges against Michael Whitney, a former Houston-based natural gas trader and marketing representative at Duke Energy Trading and Marketing LLC.

Regulatory and monetary hurdles remain, but the Canadian government last week completed a C$25 million (US$23.9 million) agreement with the Dene Tha’ First Nation in Alberta to resolve one of the disputes that has blocked the Mackenzie Gas Project (MGP) from moving forward.

Regulatory and monetary hurdles remain, but the Canadian government has completed a C$25 million (US$23.9 million) agreement with the Dene Tha’ First Nation in Alberta to resolve one of the disputes that has entangled the Mackenzie Gas Project (MGP) from moving forward.

The Commodity Futures Trading Commission (CFTC) filed charges against the American Energy Exchange (Amenx) and York Commodities for allegedly defrauding customers out of $1.39 million by falsely claiming to run an online energy exchange for futures and options contracts. The CFTC said no such exchange exists, the addresses and phone numbers of the purported operators are false and the companies that are listed as members of Amenx have “never heard of Amenx.”

The Commodity Futures Trading Commission (CFTC) filed charges against the American Energy Exchange (Amenx) and York Commodities Monday for allegedly defrauding customers out of $1.39 million by falsely claiming to run an online energy exchange for futures and options contracts. The CFTC said no such exchange exists, the addresses and phone numbers of the purported operators are false and the companies that are listed as members of Amenx have “never heard of Amenx.”

Pointing to the increased participation of traditional financial institutions in the energy trading markets, the International Monetary Fund (IMF) said it plans to heighten its efforts to monitor energy trading and broader energy developments.

Pointing to the increased participation of traditional financial institutions in the energy trading markets, the International Monetary Fund (IMF) said it plans to heighten its efforts to monitor energy trading and broader energy developments.