PG&E Corp. CEO Peter Darbee has assumed the CEO/president duties for utility subsidiary Pacific Gas and Electric Co., effective upon approval by the California Public Utilities Commission. The move was necessitated by the departure of William Morrow, who told the company he was leaving to reenter the international technology and telecommunications sector. PG&E Corp. said John Keenan will remain as COO at the utility, responsible for day-to-day operations. Darbee called Morrow “an executive of exceptional talent sand abilities,” and thanked him for his contributions to the utility’s pursuit of a vision of being “the leading utility in the United States.” C. Lee Cox, PG&E lead director and the chairman of Pacific Gas and Electric Co., said the expansion Darbee’s of his duties recognizes that the company’s current focus is “built around optimizing the financial and operational performance of our core utility unit.”
Peter
Articles from Peter
High U.S. Reserves Levels Not Seen Since the ’70s
Not since 1976 — when Peter Frampton was on the radio and Jimmy Carter was heading to the White House — have U.S. proved reserves of natural gas stood as high as they did last year, according to the U.S. Department of Energy’s Energy Information Administration (EIA).
Producers Top Off Nation’s Gas Reserves to Levels Not Seen in 30 Years
Not since 1976 — when Peter Frampton was on the radio and Jimmy Carter was heading to the White House — have U.S. proved reserves of natural gas stood as high as they did last year, according to the U.S. Department of Energy’s Energy Information Administration (EIA).
BP Chairman Promises to ‘Up Our Own Game’
BP plc Chairman Peter Sutherland acknowledged Thursday that the past couple of years have been “one of the most varied and probably turbulent [periods] in the company’s history, but he said the London-based producer will continue to take risks as it moves forward.
Stone Energy Review Triggers Board Resignation, New Inquiry by Philadelphia Stock Exchange
An independent review of the oil and natural gas reserves booking system used by Stone Energy Corp. has triggered the resignation of board member and former CEO D. Peter Canty and directed management to request the resignations of an unnamed officer and senior manager associated with the reserve estimation process.
Calpine’s Founder, CEO Departs; Court Ruling, New Financial Strategy Loom
Calpine shares lost more than half (71 cents) of their value on Tuesday after the company announced the departure of founder and CEO Peter Cartwright and CFO Robert D. Kelly.
NGI The Weekly Gas Market Report
PG&E Has Sights on Being Industry Leader
During a conference call last week, PG&E CEO Peter Darbee said the company foresees a day when it may once again be one of the energy industry’s leading companies. However, he could not put a timetable on when it might consider acquiring other operations.
New Jersey Asks High Court to Settle Dispute with Delaware over LNG Pier
New Jersey Attorney General Peter Harvey last week petitioned the U.S. Supreme Court to settle a boundary dispute with the state of Delaware involving the construction of an off-loading pier that would serve a proposed liquefied natural gas (LNG) terminal along the Delaware River in Logan Township, NJ.
Huntsman (Again) Blames Gas Price Spikes on Speculators, Trading Rules
With gas prices suddenly peeking over $7.00 only a few days after falling near the $6.00 mark, Huntsman Chemical CEO Peter Huntsman once again found an opportunity to rail against futures speculators on the New York Mercantile Exchange (Nymex) and the exchange’s own flawed trading rules for high and volatile natural gas prices.
Huntsman (Again) Blames Gas Price Spikes on Speculators, Trading Rules
With gas prices suddenly peeking over $7.00 only a few days after falling near the $6.00 mark, Huntsman Chemical CEO Peter Huntsman once again found an opportunity to rail against futures speculators on the New York Mercantile Exchange (Nymex) and the exchange’s own flawed trading rules for high and volatile natural gas prices.