Reneging

CA Awaits State Buyout of Utility Transmission Assets

While the California governor’s press people were promising anannouncement and then reneging late Thursday afternoon, at leastone other power supplier, Williams, announced signing a 10-year,1,400-MW deal with the state water resources department (DWR).Meanwhile, supply shortages eased considerably yesterday for thefirst time in about six weeks.

February 23, 2001

Interior Ordered to Pay Marathon, ExxonMobil $78 Million Each

A federal appeals court in Washington D.C. has ordered theDepartment of Interior to repay ExxonMobil and USX-Marathon Group’sMarathon Oil Co. $78 million each for reneging on oil and gas leaseagreements the companies signed in 1981 to drill off the coast ofNorth Carolina.

January 8, 2001

U.S. to Pay Marathon, ExxonMobil $78 Mil Each

A federal appeals court in Washington, D.C. last week orderedthe Department of Interior to repay ExxonMobil and USX-MarathonGroup’s Marathon Oil Co. $78 million each for reneging on leaseagreements the companies signed in 1981 to drill off the coast ofNorth Carolina.

January 3, 2001