Reliant Resources Inc. said in its quarterly 10Q filing with the Securities and Exchange Commission that it received a request from the U.S. Attorney for the Southern District of Texas in October for information regarding “certain price reporting matters.”
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FERC Continues to Probe 12 Key Energy Firms, Enron Family
The Federal Energy Regulatory Commission released last Thursday a list of 12 major energy companies and a group of Enron-linked concerns that it says are the target of continuing investigations into alleged manipulation of natural gas and electricity prices.
FERC Continues to Probe 12 Key Energy Firms, Enron Family
The Federal Energy Regulatory Commission released Thursday a list of 12 major energy companies and a group of Enron-linked concerns that it says are the target of continuing investigations into alleged manipulation of natural gas and electricity prices.
DOE Official Confident that Probe Will Determine Blackout Cause
Jimmy Glotfelty, a top official with the U.S. Department of Energy (DOE), last week expressed confidence that a joint U.S.-Canadian task force investigation into the historic Aug. 14 blackout that cut across portions of both countries will be able to pinpoint the cause or causes of the massive series of power outages.
Aquila Dismisses Allegations of Accounting Improprieties But Launches Internal Probe
Aquila officials have dismissed allegations in an anonymous letter from a group of the company’s own employees that charges that company executives falsified earnings and manipulated corporate accounting in an effort to boost executive compensation. The letter has been forwarded to a special audit committee for an investigation, and the audit committee has notified the Securities and Exchange Commission of the matter.
Aquila Launches Internal Probe, Dismisses Allegations of Accounting Improprieties
Aquila officials have dismissed allegations in an anonymous letter from a group of the company’s own employees that charges that company executives falsified earnings and manipulated corporate accounting in an effort to boost executive compensation. The letter has been forwarded to a special audit committee for an investigation, and the audit committee has notified the Securities and Exchange Commission of the matter.
House Democrat Asks for Special Counsel to Probe Westar Political Contributions
Rep. John Conyers of Michigan, the ranking Democrat on the House Judiciary Committee, has called on U.S. Attorney General John Ashcroft to appoint a special counsel to investigate allegations that Westar Energy Inc. made contributions to political groups linked with four prominent House Republicans last year in return for legislative favors, as well as donations to Ashcroft.
PPL Says U.S. Justice Dept. ‘Favorably’ Concludes PJM Probe
Following on the heels of an announcement by Pennsylvania’s attorney general that PPL EnergyPlus didn’t violate antitrust laws in PJM Interconnection’s market, PPL last Thursday received a letter from the U.S. Department of Justice (DOJ) in which the agency said that it had “favorably concluded” its investigation of the company.
House Democrat Asks for Special Counsel to Probe Westar Political Contributions
Rep. John Conyers of Michigan, the ranking Democrat on the House Judiciary Committee, has called on U.S. Attorney General John Ashcroft to appoint a special counsel to investigate allegations that Westar Energy Inc. made contributions to political groups linked with four prominent House Republicans last year in return for legislative favors, as well as donations to Ashcroft.
June Futures Move to Three-Week Highs on Supportive Storage Data
After failing to successfully probe the downside, natural gas bulls took control Thursday at Nymex following the news that only 80 Bcf was injected into underground storage facilities last week. At 12:45 p.m. EDT the June contract was up 22.5 cents for the session at $5.885. It closed at $5.772, 11.2 cents above Wednesday’s close. With 96,927 contracts changing hands, trading volume was heavy.