Reject

EnCana Corp. shares were down about 4% Tuesday morning following news on Monday that the company recommended that shareholders reject an unsolicited mini-tender offer made by TRC Capital Corp. (TRC Capital) for up to two million shares, or 25% of the outstanding common shares of the company, at an offer price of C$54.50/share.

Four major producers have called on FERC to reject a tariff proposal by Williams Co.’s Transcontinental Gas Pipeline Corp. to significantly increase penalties for unauthorized daily overruns and daily operational flow order (OFO) imbalances on its system.

An independent oil and natural gas producer group called on Congress this week to reject proposals seeking to impose a tax on the excess profits of oil and natural gas companies.

Washington Gas Light (WGL), which serves metropolitan Washington, DC, has called on FERC to reject the proposed expansion of Dominion Cove Point LP’s liquefied natural gas (LNG) terminal and associated pipeline project until it can be demonstrated at a evidentiary hearing that imported LNG is fully interchangeable with traditional gas and will not negatively impact the utility’s system.

The sponsors of Weaver’s Cove liquefied natural gas (LNG) project have called on FERC to reject “outright” the U.S. Navy’s request for late intervention in the controversial case to site the proposed terminal in Fall River, MA.

The NorthWestern Energy Board of Directors has voted unanimously to reject the unsolicited proposal made over a week ago by a coalition of municipal entities to take over the company — which emerged from bankruptcy last year — through a stock buyout, the company said in a Thursday morning press release. By later the same day the coalition had issued its own press release saying it was undeterred.

A group of power suppliers last week urged FERC to turn aside a proposal recently filed by the California Independent System Operator (CAISO) that would allocate fuel costs on an hourly basis, saying the fuel was mostly natural gas which is not sold on an hourly basis.

The Utah Public Service Commission (PSC) last week ruled that Questar Gas cannot recover through customer rates the $28 million the utility spent to process natural gas over a four-year period.

A group of power suppliers this week urged FERC to turn aside a proposal recently filed by the California Independent System Operator (CAISO) that would allocate fuel costs on an hourly basis, saying the fuel was mostly natural gas which is not sold on an hourly basis.