The Commodity Futures Trading Commission (CFTC) Thursday punted the most controversial of its proposed regulations — setting limits on the amount of speculative trading of derivative swaps by a single entity, abruptly adjourning its meeting after discussing a staff proposal. The next scheduled meeting is next year.
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Dynegy Picks Up Another $300M with Two Sales
Dynegy Inc. punted away two assets last week and in return, received some cash to put toward its sagging liquidity. Last Monday, it sold one of its two natural gas storage facilities in the United Kingdom, and on Wednesday, sold the last asset it held in Northern Natural Gas Co. (NNG). Together, the two sales added close to $300 million to the coffers.
October 7, 2002
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