Pays

It pays to know the territory, particularly if you’re an oil and gas driller in competition with Kentucky coal miners. NGAS Resources Inc., based in Lexington, KY, made its 20 years of experience in eastern Kentucky pay off in 2004, increasing total production by 77%, revenues by 75% and most importantly, completing an acquisition that helped bump up oil and gas assets by 316% to a value of $68.2 million from $16.4 million in 2003.

Dallas-based TXU Corp. said Friday that it will pay $150 million to settle a class action lawsuit filed in October 2002 related to its 2002 stock price collapse over credit troubles involving its European operations. In settling the litigation, TXU Corp. denied any liability.

Dallas-based TXU Corp. said Friday that it will pay $150 million to settle a class action lawsuit filed in October 2002 related to its 2002 stock collapse over credit troubles involving its European operations. In settling the litigation, TXU Corp. denied any liability.

For the second time this week Pacific Gas and Electric displayed its holiday spirit doling out $85 million in property taxes to 49 California counties in which it has utility operations. They payments, made last Friday, represent the utility’s property taxes for the period covering the last six months of 2004.

Mirant Americas Energy Marketing LP (Mirant Americas), a subsidiary of Atlanta-based Mirant Corp., paid $12.5 million to the Commodity Futures Trading Commission (CFTC) last week to settle charges of attempted gas market manipulation and false reporting to index publishers. Despite agreeing to the settlement, the company neither admitted nor denied the charges.

Mirant Americas Energy Marketing LP (Mirant Americas), a subsidiary of Atlanta-based Mirant Corp., paid $12.5 million to the Commodity Futures Trading Commission (CFTC) Monday to settle charges of attempted gas market manipulation and false reporting to index publishers. In agreeing to the settlement, the company neither admitted nor denied the charges.

Mirant Americas Energy Marketing LP (Mirant Americas), a subsidiary of Atlanta-based Mirant Corp., paid $12.5 million to the Commodity Futures Trading Commission (CFTC) Monday to settle charges of attempted gas market manipulation and false reporting to index publishers. In agreeing to the settlement, the company neither admitted nor denied the charges.

Cinergy Marketing & Trading LP paid $3 million to the Commodity Futures Trading Commission (CFTC) last Tuesday to settle allegations that it falsely reported information and natural gas prices to energy trade publications.

Cinergy Marketing & Trading LP paid $3 million to the Commodity Futures Trading Commission (CFTC) on Tuesday to settle allegations that it falsely reported information and natural gas prices to energy trade publications.