Promise

Following up on its promise made earlier in June, IntercontinentalExchange Inc. (ICE) said last week that it has filed a definitive proxy statement with the Securities and Exchange Commission (SEC) to solicit votes opposing the proposed acquisition of the Chicago Board of Trade (CBOT) by the Chicago Mercantile Exchange (CME).

Following up on its promise made earlier in the month, IntercontinentalExchange Inc. (ICE) said Monday it has filed a definitive proxy statement with the Securities and Exchange Commission (SEC) to solicit votes opposing the proposed acquisition of the Chicago Board of Trade (CBOT) by the Chicago Mercantile Exchange (CME).

The scope, complexity and frequency of major new financial schemes promise to make energy state regulators increasingly scratch their heads and yell for help, a panel of three regulators from the diverse states of California, Missouri and Ohio concluded at the Standard & Poor’s Ratings Services (S&P) annual utilities conference May 31 in New York City. The three regulators said they and their colleagues around the nation are going to have to “raise their game to grapple with a set of issues that are qualitatively different than what they were only a few years ago.”

The scope, complexity and frequency of major new financial schemes promise to make energy state regulators increasingly scratch their heads and yell for help, a panel of three regulators from the diverse states of California, Missouri and Ohio concluded at the Standard & Poor’s Ratings Services (S&P) annual utilities conference May 31 in New York City. The three regulators said they and their colleagues around the nation are going to have to “raise their game to grapple with a set of issues that are qualitatively different than what they were only a few years ago.”

The $350 million settlement of class action litigation Wednesday by Sempra Energy is a major step toward fulfilling a promise made last fall by CEO Stephen Baum to put an end to litigation against the company (see Daily GPI, Jan. 5). However, Sempra still faces four outstanding legal actions by the California Attorney General’s Office — three in the courts and one at FERC.

Much has been made of the promise of liquefied natural gas (LNG) for curing the nation’s gas supply woes. By most, LNG is seen as vital for meeting growing domestic gas demand in the face of declining domestic production.

TransCanada Corp. CEO Hal Kvisle stressed the stability of existing Western Canadian gas production and the promise of new supply from the Mackenzie Delta and Alaska in announcing the completion of its purchase of Gas Transmission Northwest Corp. (GTNC) from National Energy & Gas Transmission Inc. (NEGT) for US$1.7 billion, including US$500 million of assumed debt.

TransCanada Corp. CEO Hal Kvisle stressed the stability of existing Western Canadian gas production and the promise of new supply from the Mackenzie Delta and Alaska in announcing the completion of its purchase of Gas Transmission Northwest Corp. (GTNC) from National Energy & Gas Transmission Inc. for US$1.7 billion, including US$500 million of assumed debt.

TransCanada Corp. CEO Hal Kvisle stressed the stability of existing Western Canadian gas production and the promise of new supply from the Mackenzie Delta and Alaska in announcing the completion of its purchase of Gas Transmission Northwest Corp. (GTNC) from National Energy & Gas Transmission Inc. for US$1.7 billion, including US$500 million of assumed debt.