Reject

Major gas producers have called on FERC to reject Transcontinental Gas Pipe Line’s application to spin off its South Texas pipeline facilities to an unaffiliated Texas intrastate pipeline, a move that critics argue would bifurcate Transco’s system into jurisdictional and non-jurisdictional segments and force shippers to deal with a patchwork of rates, schedules and nomination procedures.

In an unexpected twist, the SEC on Friday asked the U.S. Bankruptcy Court for the Southern District of New York to reject Enron Corp.’s hiring of Stephen F. Cooper as CEO, calling the terms of his million dollar contract and bonus guarantee inappropriate. Enron wants court approval to hire the bankruptcy specialist as an independent contractor as interim CEO and chief restructuring officer with an annual salary of $1.32 million a year and a bonus of at least $5 million once the restructuring is completed.

In an unexpected twist, the SEC on Friday asked the U.S. Bankruptcy Court for the Southern District of New York to reject Enron Corp.’s hiring of Stephen F. Cooper as CEO, calling the terms of his million dollar contract and bonus guarantee inappropriate. Enron wants court approval to hire the bankruptcy specialist as an independent contractor, with the title of interim CEO and chief restructuring officer, at an annual salary of $1.32 million a year and a bonus of at least $5 million once the restructuring is completed.

On a strictly partisan 3-2 vote, the California Public Utilities Commission last Wednesday blocked a proposed extension of pipeline capacity allocations to natural gas core aggregators on two western Canadian pipelines feeding Pacific Gas and Electric Co.’s affiliate interstate transmission pipeline in the Pacific Northwest. The aggregators were seeking the same assurance of access to reasonably priced supplies that the core customers served by the utility already receive.

On a strictly partisan 3-2 vote, the California Public Utilities Commission Wednesday blocked a proposed extension of pipeline capacity allocations to natural gas core aggregators on two western Canadian pipelines feeding Pacific Gas and Electric Co.’s affiliate interstate transmission pipeline in the Pacific Northwest. The aggregators were seeking the same assurance of access to reasonably priced supplies that the core customers served by the utility already receive.

Staff at the New Jersey Board of Public Utilities (NJBPU) has urged state regulators to reject the pending merger between FirstEnergy Corp. and GPU Inc. on the grounds that the two companies have failed to back up claims that the merger will not harm ratepayers in the Garden State, among other things.

Staff at the New Jersey Board of Public Utilities (NJBPU) has urged state regulators to reject the pending merger between FirstEnergy Corp. and GPU Inc. on the grounds that the two companies have failed to back up claims that the merger will not harm ratepayers in the Garden State, among other things.

Pacific Gas & Electric has called on FERC to rejectproposals that seek to give California utilities less time to paytheir ballooning generation cost obligations, and would absolvesellers of penalties for not supplying power if customers can’t paytheir bills.

Pacific Gas and Electric has called on FERC to reject proposalsthat seek to give California utilities less time to pay theirballooning generation cost obligations, and would absolvegenerators of penalties for not supplying power in emergencysituations if customer creditworthiness standards aren’t met.