Sempra Energy and California officials announced Wednesday they had reached a $410 million agreement in principle resolving substantially all of the remaining litigation tied to the state’s 2000-01 wholesale energy crisis. The deal requires FERC approval, which the parties said they expect before the end of this year.
Resolving
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FERC Slaps Energy Transfer with Record $30M Fine
FERC Monday approved a record $30 million agreement resolving claims that Energy Transfer Partners LP (ETP) and three affiliates manipulated physical natural gas prices at key Texas trading points from late 2003 through 2005.
September 22, 2009
Day After Across the Board Gains, All Points Fall
At least one source was convinced that resolving end-of-month imbalances had been chiefly responsible for Wednesday’s price gains across the board, because the cash market switched to losses at all points Thursday with little overall change in weak weather fundamentals. The launch of the May aftermarket got an additional negative nudge from Wednesday’s decline of 3.7 cents by June futures as they assumed prompt-month status.
May 1, 2009
ALJ Certifies Settlement Of Charges Against Amaranth
FERC Administrative Law Judge (ALJ) Carmen Cintron last Wednesday certified as uncontested a joint offer of settlement resolving charges that collapsed hedge fund Amaranth Advisors LLC, affiliates and two former natural gas traders manipulated gas trading activity in the futures market.
December 8, 2008
Amaranth, Enforcement File Settlement at FERC
A joint offer of settlement was filed last Monday at FERC resolving charges that collapsed hedge fund Amaranth Advisors LLC, affiliates and two former natural gas traders manipulated gas trading activity in the futures market.
December 1, 2008
Amaranth, Enforcement File Settlement of Charges at FERC
A joint offer of settlement was filed Monday at FERC resolving charges that collapsed hedge fund Amaranth Advisors LLC, affiliates and two former natural gas traders manipulated gas trading activity in the futures market.
December 1, 2008
MMS Issues Rule to Settle Access Feuds with OCS Pipes
The Interior Department’s Minerals Management Service (MMS) last Wednesday issued a final rule aimed at resolving shipper disputes with Outer Continental Shelf (OCS) oil and natural gas pipelines that are subject to regulation under the Outer Continental Shelf Lands Act (OCSLA).
June 23, 2008
MMS Issues Rule to Settle Access Feuds with OCS Pipes
The Interior Department’s Minerals Management Service (MMS) Wednesday issued a final rule aimed at resolving shipper disputes with Outer Continental Shelf (OCS) oil and natural gas pipelines that are subject to regulation under the Outer Continental Shelf Lands Act (OCSLA).
June 19, 2008
Settlement Resolving Complaint Against Southwest Gas Storage OK’d
FERC last Tuesday approved a settlement resolving a complaint brought against Southwest Gas Storage by shippers on affiliate Panhandle Eastern Pipe Line and other parties, which accused the company of charging “unjust and unreasonable” rates for jurisdictional storage services. The settlement also addressed Southwest Gas Storage’s proposal last year to increase its rates.
February 18, 2008
Settlement Resolving Complaint Against Southwest Gas Storage OK’d
FERC Tuesday approved a settlement resolving a complaint case brought against Southwest Gas Storage by shippers on affiliate Panhandle Eastern Pipe Line and other parties, which accused the company of charging “unjust and unreasonable” rates for jurisdictional storage services. The settlement also addressed Southwest Gas Storage’s proposal last year to increase its rates.
February 14, 2008
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