Retiring

The Federal Energy Regulatory Commission on Wednesday voted out a rule that will require regulated companies to record liabilities and other costs associated with the retirement or decommissioning of plant assets.

The Houston Exploration Co. announced on Wednesday the appointment of William G. Hargett as president and CEO. He succeeds James G. Floyd who is retiring after holding those positions for 15 years. Houston Exploration said that Hargett’s extensive technical expertise within the energy industry, most recently as president, North America at Santa Fe Snyder Corp., make him more than qualified for the job. The company also announced that Randall Fleming, senior vice president, exploration and production, has elected to retire from Houston Exploration. As one of the original members of Houston Exploration, Fleming brought his exploration knowledge to the company’s drilling programs in the Gulf of Mexico as well as its onshore programs. Additionally, the company reported that Thomas W. Powers has been promoted to the new position of senior vice president, CFO and treasurer. Houston Exploration will host analyst meetings on Wednesday, April 18 to introduce Hargett and Houston Exploration’s management team.

The board of directors of Southern Company elected President and CEO Allen Franklin as its chairman. Franklin replaces retiring Chairman A.W. “Bill” Dahlberg as the board’s new leader. Prior to the board electing him to the CEO position last month, Franklin had served as president and COO of Southern since 1999. From 1994 to 1999, he was president and CEO of Georgia Power, Southern’s largest subsidiary.

Patrick J. Maher, chairman of Washington Gas Light, will retireeffective March 1. He will begin his leave pending retirement onDec. 1. Maher joined the company in 1974 as vice president andchief financial officer, and subsequently held the positions ofexecutive vice president of finance and administration, president,and chief executive officer. He has been a member of the board ofdirectors since 1988 and became chairman in 1992.

Patrick J. Maher, chairman of Washington Gas Light, will retireeffective March 1. He will begin his leave pending retirement onDec. 1. Maher joined the company in 1974 as vice president andchief financial officer, and subsequently held the positions ofexecutive vice president of finance and administration, president,and chief executive officer. He has been a member of the board ofdirectors since 1988 and became chairman in 1992.