The Federal Energy Regulatory Commission (FERC) plans to take a second look next Thursday at its Form 552 rule requiring both buyers and sellers of natural gas to report their annual spot market purchases and sales to the agency. The Commission said it may elect to modify the Form 552 requirements depending on the outcome of the technical conference.
Requiring
Articles from Requiring
Noble Energy to Pay $4.2M to Settle FERC Violations
FERC’s Office of Enforcement has entered into a stipulation and consent agreement requiring Noble Energy Inc. to pay nearly $4.2 million in civil penalties and disgorged profits to settle violations of the agency’s shipper-must-have-title (SMHT) requirements, buy-sell arrangements and competitive bidding rules for long-term, discounted rate capacity releases.
Noble Energy to Pay $4.2M to Settle FERC Violations
FERC’s Office of Enforcement has entered into a stipulation and consent agreement requiring Noble Energy Inc. to pay nearly $4.2 million in civil penalties and disgorged profits to settle violations of the agency’s shipper-must-have-title (SMHT) requirements, buy-sell arrangements and competitive bidding rules for long-term, discounted rate capacity releases.
Oregon Legislative Proposal Targets LNG Developers
In a reprise of legislation that died in committee last year, a proposal has surfaced at the opening of the new session for the Oregon Legislature requiring a needs assessment for any liquefied natural gas (LNG) terminal or connecting pipeline tied to imports of new natural gas supplies into the state. The action is supposedly in response to the state’s three pending LNG terminal projects now in various stages of permitting (see Daily GPI, Jan. 4).
Amaranth Ordered to Pay $7.5M to Settle Manipulation Claims
The Federal Energy Regulatory Commission (FERC) and the Commodity Futures Trading Commission (CFTC) entered into separate settlements requiring failed hedge fund Amaranth Advisors LLC and affiliates to pay a total of $7.5 million in penalties to settle two-year-old claims that they manipulated or attempted to manipulate natural gas futures prices.
Amaranth Ordered to Pay $7.5M to Settle Manipulation Claims
The Federal Energy Regulatory Commission (FERC) and the Commodity Futures Trading Commission (CFTC) entered into separate settlements requiring failed hedge fund Amaranth Advisors LLC and affiliates to pay a total of $7.5 million in penalties to settle two-year-old claims that they manipulated or attempted to manipulate natural gas futures prices.
Four Firms Fined Millions for Capacity Release Violations
FERC last Tuesday approved stipulation and consent agreements requiring four energy companies and affiliates to pay nearly $10 million, as well as disgorge almost $250,000 in unjust profits plus interest, for circumventing the agency’s posting and bidding requirements for released capacity, violating shipper-must-have-title (SMHT) requirements and ignoring the prohibition on buy-sell transactions.
FERC Fines Four Firms $10M for Capacity Release Violations
FERC Tuesday approved stipulation and consent agreements requiring four energy companies and affiliates to pay nearly $10 million, as well as disgorge almost $250,000 in unjust profits plus interest, for circumventing the agency’s posting and bidding requirements for released capacity, violating shipper-must-have-title (SMHT) requirements and ignoring the prohibition on buy-sell transactions.
Anadarko, LG&E Fined for ‘Flipping’ Violations
FERC last week approved separate stipulation and consent agreements requiring Anadarko Petroleum Corp. to pay $1.33 million and Louisville Gas and Electric Co. (LG&E) to pay $350,000 for violating the agency’s posting and bidding requirements of its capacity-release policies.
Anadarko, LG&E Fined for ‘Flipping’ Violations
FERC has approved separate stipulation and consent agreements requiring Anadarko Petroleum Corp. to pay $1.33 million and Louisville Gas and Electric Co. (LG&E) to pay $350,000 for violating the agency’s posting and bidding requirements of its capacity release policies.