Rebuffed

The U.S. Court of Appeals for the Fifth Circuit has rebuffed former Enron Corp. CEO Jeffrey Skilling’s appeal of his May 2006 convictions.

After FERC Thursday rebuffed challenges to its rule asserting authority over major noninterstate pipelines (intrastates) for the first time, an attorney for a major intrastate pipeline group said the case was likely headed to appellate court.

After FERC Thursday rebuffed challenges to its rule asserting authority over major noninterstate pipelines (intrastates) for the first time, an attorney for a major intrastate pipeline group said the case was likely headed to appellate court.

Natural gas futures made another run at breaking above $4 on Friday morning but once again were rebuffed, this time failing to even touch the psychological resistance level. Ultimately, traders were comfortable heading into the weekend well within the recent trading range as the July contract closed Friday’s regular session at $3.857, down 7.6 cents from Thursday’s finish and only 1.1 cents lower than the previous week’s close.

If at first you don’t succeed, try, try again. After being rebuffed in its first bid for Baltimore-based Constellation Energy in mid-October, European electricity giant Electricité de France S.A. (EDF) is attempting an end-around as subsidiary EDF International proposes to acquire through a joint venture a 50% ownership interest in Constellation’s nuclear generation and operation business for $4.5 billion.

If at first you don’t succeed, try, try again. After being rebuffed in its first bid for Baltimore-based Constellation Energy in mid-October, European electricity giant Electricité de France S.A. (EDF) is attempting an end-around as subsidiary EDF International proposes to acquire through a joint venture a 50% ownership interest in Constellation’s nuclear generation and operation business for $4.5 billion.

Despite his efforts to extend an olive branch, Senate Majority Leader Harry Reid (D-NV) said Tuesday that Republicans rebuffed his offer to allow votes on four GOP-backed amendments to the anti-energy speculation bill, including a proposal to expand oil and natural gas drilling in the federal Outer Continental Shelf (OCS).

Despite trading within a slim 10-cent range, May natural gas futures on Friday knocked on the $11 door for a second consecutive session, only to be rebuffed once again. The prompt-month contract traded between $10.875 and $10.970 before closing out the day at $10.963, up 17.3 cents from Thursday and 37.6 cents higher than the previous week’s finish.

Following Monday’s trading blueprint, March natural gas futures paid a second visit to the $9.300 price level before being rebuffed once again. The prompt-month contract traded between $9.115 and $9.305 before closing out Tuesday at $9.206, up 2 cents on the day.