Multi

It was off to the races again in the Northeast Monday as multi-dollar spikes occurred at most citygates. But such strength was at odds with the general market, which showed a moderate bias to the upside in a mix of averages that ranged to about 20 cents up or down from flat.

California will have to make multi-billion dollar cuts in its budget — starting now, the governor said after meeting with the state legislative leaders on a conference call Thursday.

Southern Union Co. reported Thursday that its subsidiary, Energy Worx, Inc., has entered into a multi-year agreement with Southern Star Central Corp., a private equity fund sponsored by American International Group, Inc. (“AIG”), to manage and operate its recently acquired Central Pipeline.

Major corporations, led by ExxonMobil, GE, and Schlumberger are underwriting a multi-million dollar program, collaborating with Stanford University in an unprecedented initiative to develop global energy systems with low greenhouse gas emissions.

The global, multi-billion-dollar deal announced by California and Williams last week that could ultimately include two other states and more than a dozen local governments, along with a series of class action plaintiffs, calls for California to gain more control of its long-term power contracts and receive up to $417 million in separate payments from the energy company.

The global, multi-billion-dollar deal that California and Williams announced Monday that could ultimately include two other states and more than a dozen local governments, along with a series of class action plaintiffs, involves the state getting more control of its long-term power contracts and up to $417 million in separate payments from the energy company.

Following the lead of other multi-faceted energy marketers forced to sell income-producing assets to build cash, CMS Energy Corp. is negotiating the possible sale of its entire domestic pipeline and field services businesses, worth a combined net value of $1.4 billion. Assets on the table include the Panhandle Eastern and Trunkline interstate natural gas pipelines, the Lake Charles, LA, liquefied natural gas (LNG) receiving terminal, CMS Field Services’ gas gathering and processing assets, and its one-third ownership interest in Guardian Pipeline.

Los Angeles County, a multi-million-dollar annual electricity and natural gas consumer, has sued San Diego-based Sempra Energy and one of its two major utility distribution companies, Southern California Gas Co., for unspecified monetary damages, alleging the companies were part of a massive conspiracy to drive up natural gas and electricity costs that ultimately will cost taxpayers “hundreds of millions of dollars,” according to a recent report in the Los Angeles Daily News, which includes a strong denial from the companies.

Los Angeles County, a multi-million-dollar annual electricity and natural gas consumer, has sued San Diego-based Sempra Energy and one of its two major utility distribution companies, Southern California Gas Co., for unspecified monetary damages, alleging the companies were part of a massive conspiracy to drive up natural gas and electricity costs that ultimately will cost taxpayers “hundreds of millions of dollars,” according to a report Sunday in the Los Angeles Daily News, which includes a strong denial from the companies.