State regulatory commissions are expected to assert themselves “more vigorously” in the years to come regarding the operations and finances of U.S. electric utilities, according to a report published Thursday by Standard & Poor’s Ratings Services (S&P).
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CMS, Southern Union Intend Quick Response to FTC Request
CMS Energy Corp. and Southern Union Co. intend to respond as quickly as possible to a request from the Federal Trade Commission (FTC) regarding Southern Union’s pending acquisition of CMS’s Panhandle Eastern Pipe Line Co., according to a Form 8-K filed Thursday with the Securities and Exchange Commission.
March 17, 2003
Alabama Court Reverses $3.5B Judgment Against ExxonMobil over Gas Royalties
The Alabama Supreme Court on Friday reversed a $3.5 billion judgment against ExxonMobil Corp. regarding a dispute over Mobile Bay, AL royalties. The case will be sent to a lower court for retrial, ExxonMobil said.
December 23, 2002
Sterling Energy Inks Pipe Connect Agreement With Williams
Sterling Energy Resources said Monday it has finalized a natural gas pipeline connection agreement with Williams Natural Gas regarding a proposed hook-up in Northeast Kansas.
October 29, 2002
Williams Delays 3Q Report for Planned Asset Sales
Citing negotiations regarding some planned asset sales, Williams rescheduled its third-quarter earnings report for November to coincide with its Nov. 14 deadline to file its 10-Q with the Securities and Exchange Commission.
October 25, 2002
S&P Validates RG&E’s Credit Concerns Regarding Proposed Rate Cut
Just days after Rochester Gas and Electric Corp. (RG&E) predicted that proposed rate reductions recommended by the staff of the New York Public Service Commission would harm the company if approved, Standard & Poor’s Ratings Services affirmed the company’s fears.
October 7, 2002
Shutdown May Be an Option for TransCanada’s Eastern Mainline
TransCanada PipeLines Ltd. said it has started discussions with its customers regarding possible changes in depreciation or ownership of a 20% portion of its mainline stretching from Winnipeg, MB, east to points north of Toronto. One extreme option would be to shut down that part of the system entirely, but the company said that would not occur for many years and would only happen after all else failed.
July 29, 2002
Shutdown May Be an Option for TransCanada’s Eastern Mainline
TransCanada PipeLines Ltd. said it has started discussions with its customers regarding possible changes in depreciation or ownership of a 20% portion of its mainline stretching from Winnipeg, MB, east to points north of Toronto. One extreme option would be to shut down that part of the system entirely, but the company said that would not occur for many years and would only happen after all else failed.
July 25, 2002
Shutdown May Be an Option for TransCanada’s Eastern Mainline
TransCanada PipeLines Ltd. said it has started discussions with its customers regarding possible changes in depreciation or ownership of a 20% portion of its mainline stretching from Winnipeg, MB, east to points north of Toronto. One extreme option would be to shut down that part of the system entirely, but the company said that would not occur for many years and would only happen after all else failed.
July 25, 2002
Western Resources Shores Up Securities to Refinance Debt
Pushed into action by the current concerns regarding credit ratings within the energy industry, Topeka-based Western Resources said Friday that it has closed on two offerings of securities for $765 million to refinance its debt.
May 13, 2002
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