Enron Corp. reported that Vice Chairman J. Clifford Baxter is resigning effective immediately. “Over the past 10 years, Cliff has made a tremendous contribution to Enron’s evolution, particularly as a member of the team that built Enron’s wholesale business,” said Jeff Skilling, Enron’s CEO. “His creativity, intelligence, sense of humor and straightforward manner have been assets to the company throughout his career. While we will miss him, we are happy that his primary reason for resigning is to spend additional time with his family, and we wish him the very best.” Baxter, who will continue working for the company as a consultant, joined Enron in 1991 and was chairman and CEO of Enron North America prior to being named chief strategy officer for Enron Corp. in June 2000 and vice chairman in October 2000.
Past
Articles from Past
AGA Says Fuel of Choice Still a Gas
Despite its steep rise in price over the past year, the AmericanGas Association said last week that natural gas still will costless to use this year than any other major home energy source,based on information from the U.S. Department of Energy’s Office ofEnergy Efficiency and Renewable Energy. Nearly 61% of U.S. homes,about 58 million, have natural gas service.
Senate Democrats Decry FERC’s Actions in CA
Despite moves by the Republican-led FERC during the past week toaddress potential refunds and possible price manipulation in theCalifornia wholesale power markets, the Bush administrationcontinued to be the favorite whipping boy of Senate Democrats forits unrelenting opposition to temporary price mitigation in thewestern region.
AGA Says Fuel of Choice Still a Gas
Despite its steep rise in price over the past year, the AmericanGas Association said last week that natural gas still will costless to use this year than any other major home energy source,based on information from the U.S. Department of Energy’s Office ofEnergy Efficiency and Renewable Energy. Nearly 61% of U.S. homes,about 58 million, have natural gas service.
AGA Says Fuel of Choice Still a Gas
Despite its steep rise in price over the past year, the AmericanGas Association said last week that natural gas still will costless to use this year than any other major home energy source,based on information from the U.S. Department of Energy’s Office ofEnergy Efficiency and Renewable Energy. Nearly 61% of U.S. homes,about 58 million, have natural gas service.
NEB to Rewrite Canadian Pipe Safety Rules
Sensing that updating its 1988 Pipeline Crossing Regulations was past due, Canada’s National Energy Board moved another step toward the development of new regulations called the Damage Prevention Regulations (DPR) that will govern pipeline safety throughout the country.
Market Moves Higher as Traders Wait for Weather, Storage
After a lower open, natural gas futures clawed higher Tuesday astraders looked past falling physical prices to side withconstructive long-lead weather outlooks and bullish storageexpectations. The February contract gained 13 cents to close at$9.819, but the real news of the day was buying in the out-months,which enabled the 12-month strip to advance 18.1 cents to close at$6.63.
Access Rally Lifts Futures Following Neutral Day Trading
After trading within a wide, 58-cent trading range over the past10 trading days, November futures could barely eke out a nickelrange during the regular open-outcry session Tuesday, as traderselected to remain mostly on the sidelines ahead of fresh weatherand storage news expected this afternoon. The prompt month finisheddown 1.6 cents at $5.134 in a session that saw a scant 48,674contracts change hands.
October Rings $5.00 Bell; Market Awaits Storage Data
After pushing prices some 60 cents higher over the past threeweeks, traders were faced with one question when they came backinto work following the holiday weekend: When will October futuresbreach the $5.00 level?
Wholesale Energy Marketing Powers Up 2nd Quarter Earnings
Finding superlatives to match the second-quarter earnings reports for energy companies across the United States in the past few weeks has been difficult at best. With earnings doubled, tripled, and for some even quadrupled, there was little bad news to report. High natural gas and crude prices, coupled with high demand, have guaranteed magnificent returns across the board.
