Probe

CA Lawmaker Seeks Special Prosecutor to Probe Enron Scandal

Rep. Bob Filner (D-CA) formally asked Attorney General John Ashcroft Tuesday to assign a special prosecutor to investigate the scandal engulfing the bankrupt Enron Corp.

January 31, 2002

UBS High Bidder for Enron Trading Unit; SEC Expands Probe; Case Stays in NYC

UBS Warburg, a subsidiary of Switzerland-based UBS AG, beat out Citigroup as high bidder for Enron Corp.’s once mighty wholesale energy trading unit, according to an announcement Friday by the U.S. Bankruptcy Court of New York, which also ruled against moving the case to Houston. No details of the bid were released. Bankruptcy Judge Arthur Gonzalez has scheduled a hearing at 2 p.m. EST on Thursday (Jan. 17) to consider final approval for the transaction.

January 14, 2002

Dingell Seeks Federal Safety Probe of Enron Pipes

In yet another chapter in the unfolding saga of Enron Corp., Rep. John Dingell (D-MI) has called on the Department of Transportation’s Office of Pipeline Safety (OPS) to look into whether the company’s questionable practices extended to cutting corners on the safety and security of its pipeline operations.

January 4, 2002

El Paso Seeks Quick FERC Guidance on Enforcement’s Bid for Probe

El Paso Natural Gas and El Paso Energy Merchant Co. have called on FERC to provide “immediate guidance” on the “record status” of the Commission enforcement section’s bid for an expanded investigation into whether the two companies conspired to drive up gas prices in Southern California.

November 13, 2001

Futures Probe Lower as Storage Prognosticators Abound

Punctuating Monday’s 32.6-cent price slide, natural gas futures probed lower Tuesday, as traders initiated the session by demoting the market to its second straight gap-lower open. Prices shuffled lower throughout the morning, augmented by a boost of selling pressure, as the December contract broke beneath the $2.835 low from Oct. 24. However support held and the prompt month retraced a portion of those losses in the afternoon to close with a 4.2-cent loss at $2.88.

November 7, 2001

GAO Probe Sought into FERC Oversight of CA Markets

Sens. Joe Lieberman (D-CT) and Jean Carnahan (D-MO) have called on the General Accounting Office (GAO) to investigate whether FERC is carrying out its duty to ensure “reasonable” rates for the sale of wholesale power and the transportation of natural gas in the ailing California energy market.

April 23, 2001

Lawmakers Urge GAO Probe of Energy Task Force

Reps. John Dingell (D-MI) and Henry Waxman (D-CA) last week called on the General Accounting Office (GAO) to undertake an investigation into the White House energy task force in light of the shroud of secrecy surrounding its meetings and participants. They want to know whether the decision to close the task force meetings to the public is a violation of the sunshine laws and the “letter and the spirit” of Federal Advisory Committee Act.

April 23, 2001

Lawmakers Urge GAO Probe of Energy Task Force

Reps. John Dingell (D-MI) and Henry Waxman (D-CA) last week called on the General Accounting Office (GAO) to undertake an investigation into the White House energy task force in light of the shroud of secrecy surrounding its meetings and participants. They want to know whether the decision to close the task force meetings to the public is a violation of the sunshine laws and the “letter and the spirit” of the Federal Advisory Committee Act.

April 23, 2001

GAO Probe Sought into FERC Oversight of CA Markets

Sens. Joe Lieberman (D-CT) and Jean Carnahan (D-MO) have called on the General Accounting Office (GAO) to investigate whether FERC is carrying out its duty to ensure “reasonable” rates for the sale of wholesale power and the transportation of natural gas in the ailing California energy market.

April 19, 2001

FERC Asked to Probe SoCal Border Basis

Sen. Pete Domenici (R-NM) yesterday called on FERC to conduct astudy into why there is such a huge differential between prices fornatural gas in the supply basin and prices for the gas delivered tothe Southern California border.

March 16, 2001