Pleaded

People

Kevin Howard, the former vice president of finance for Enron Corp.’s broadband unit, has pleaded guilty in U.S. District Court in Houston to one count of falsifying books and records. Under the plea agreement, Howard would serve four to 12 months of probation or home confinement, or a combination of both. U.S. District Judge Vanessa Gilmore accepted the plea and will formally sentence Howard later this year. The former Enron executive was scheduled to go to trial for a third time on fraud and conspiracy charges, similar to the charges he faced when he first was indicted in 2003 (see Daily GPI, March 13, 2003). Howard’s first trial ended in a mistrial (see Daily GPI, June 1, 2006). In the second trial Howard was found guilty on five counts, but the convictions later were dismissed by Gilmore (see Daily GPI, Feb. 2, 2007).

June 2, 2009

FERC Questions Companies’ Ties to Two Convicted Gas Traders

FERC has asked two Houston-based companies whether the men identified in their applications for market-based rate authority are the same traders who pleaded guilty in 2006 to conspiracy to manipulate the price of natural gas.

April 15, 2009

Vista Marketing Defends Role of Traders

Following FERC queries as to the role in their organizations of two former traders who pleaded guilty in 2006 to attempted natural gas price manipulation while employed by other marketing companies, Vista Energy Trading LP (VET) has withdrawn its FERC application for market-based rate authority while Vista Energy Marketing LP (VEM) has structured its operations to conform to a consent order restricting the market activity of the traders (see Daily GPI, March 2).

April 15, 2009

FERC Questions Companies’ Ties to Two Convicted Gas Traders

FERC has asked two Houston-based companies whether the men identified in their applications for market-based rate authority are the same traders who pleaded guilty in 2006 to conspiracy to manipulate the price of natural gas.

March 2, 2009

Brits Plead Guilty to Secret Enron Deals

Three ex-bank officers of the British bank National Westminster Bank Plc (Nat West) pleaded guilty in a Houston federal court last Wednesday to charges of wire fraud in connection with a secret investment with former executives of the defunct Enron Corp., the Justice Department said.

December 3, 2007

Ex-British Bank Officers Plead Guilty to Secret Deals with Enron

Three ex-bank officers of the British bank National Westminster Bank Plc (Nat West) pleaded guilty in a Houston federal court Wednesday to charges of wire fraud in connection with a secret investment with former executives of the defunct Enron Corp., the Justice Department said.

November 30, 2007

Houston Drilling Firm Fined for Using Gulf as Dumping Ground

Rowan Companies Inc., pursuant to a plea agreement with the Department of Justice (DOJ), last Tuesday pleaded guilty to three felony counts in a federal court in Beaumont, TX, in connection with the dumping of oil and other pollutants into the Gulf of Mexico by supervisory workers on its Rowan-Midland drilling rig during the period from 2002 through 2004.

October 15, 2007

Enserco Trader Pleads Guilty to Wire Fraud in False Price Reporting Case

A trader for Golden, CO-based Enserco Energy has pleaded guilty to one count of wire fraud in connection with the reporting of false natural gas price and volume information to manipulate a price index published by Platts’ Gas Daily.

August 14, 2006

Tulsa Pipe Construction Firm, Manager Cop to Bid-Rigging Charges

A Tulsa, OK-based pipeline construction firm and a company general manager pleaded guilty last week in a Denver federal court to charges that they rigged the bids that they submitted to BP America Production Co. to construct natural gas pipelines in the Upper San Juan Basin in Colorado.

August 14, 2006

Enserco Trader Pleads to Wire Fraud in False Price Reporting Case

A trader for Golden, CO-based Enserco Energy has pleaded guilty to one count of wire fraud in connection with the reporting of false natural gas price and volume information to manipulate a price index published by Platts’ Gas Daily.

August 10, 2006