Questioned

A leading economist last Monday questioned whether restructuring of the U.S. electricity industry has resulted in any discernible benefits to energy customers over the years.

Maryland Gov. Martin O’Malley Wednesday questioned the safety of AES Corp.’s Sparrows Point liquefied natural gas (LNG) proposed for Baltimore County, MD, and asked the agency to reject the project.

FERC Chairman Pat Wood last Thursday fielded several questions about whether he expects to be picked by President Bush for a second term when his current term as chairman and commissioner expires in June 2005.

FERC Chairman Pat Wood on Thursday fielded several questions about whether he expects to be picked by President Bush for a second term when his current term as chairman and commissioner expires in June 2005.

FERC Chairman Pat Wood on Thursday fielded several questions about whether he expects to be picked by President Bush for a second term when his current term as chairman and commissioner expires in June 2005.

It was a frustrating day Tuesday for Marathon Oil Corp. investors, who questioned how the producer managed to make less money in the third quarter than a year earlier, despite record oil and natural gas prices. Marathon blamed asset sales, field declines, hurricanes and maintenance for its 21% tumble in income compared to the third quarter a year earlier. The company also said its production this year will be lower than previously expected.

It was a frustrating day Tuesday for Marathon Oil Corp. investors, who questioned how the producer managed to make less money in the third quarter than a year earlier, despite record oil and natural gas prices. Marathon blamed asset sales, field declines, hurricanes and maintenance for its 21% tumble in income compared to the third quarter a year earlier. The company also said its production this year will be lower than previously expected.

It was a frustrating day Tuesday for Marathon Oil Corp. investors, who questioned how the producer managed to make less money in the third quarter than a year earlier, despite record oil and natural gas prices. Marathon blamed asset sales, field declines, hurricanes and maintenance for its 21% tumble in income compared to the third quarter a year earlier. The company also said its production this year will be lower than previously expected.

Banc of America Securities (BOA) downgraded Dynegy Inc. to “sell” from “neutral” last week because of questions about the company’s future cash-flow generation. On the day of the downgrade Wednesday, more than 10 million Dynegy shares exchanged hands, and the stock fell more than 5%, falling slightly more through the rest of the week to close at around $4.85.