Ruled

FERC Thursday ruled that the high level of collateral sought by Kern River Gas Transmission from Reliant Energy Services Inc. (RES) to be a shipper on its 2003 expansion was valid, and for the most part cannot be undone.

A special master to the U.S. Supreme Court has ruled that the state of Delaware has the authority to block the construction of an off-loading pier that would serve a liquefied natural gas (LNG) terminal being proposed by BP’s Crown Landing LLC along the Delaware River in Logan Township, NJ.

A special master to the U.S. Supreme Court has ruled that the state of Delaware has the authority to block the construction of an off-loading pier that would serve a liquefied natural gas (LNG) terminal being proposed by BP’s Crown Landing LLC along the Delaware River in Logan Township, NJ.

In a landmarket decision, the Supreme Court last Monday unanimously ruled that the Environmental Protection Agency (EPA) was in error when it rejected a request to initiate a rulemaking to regulate greenhouse gas (GHG) emissions. It remanded the case to the agency to revisit the issue.

The Supreme Court Monday unanimously ruled that the Environmental Protection Agency (EPA) was in error when it rejected a request to initiate a rulemaking to regulate greenhouse gas (GHG) emissions. It remanded the case to the agency to revisit the issue.

The 5th U.S. Circuit Court of Appeals in New Orleans has ruled that Enron Corp. shareholders may not proceed with a class action lawsuit against the company’s former investment banks for their alleged role in the accounting fraud that destroyed the company. The appeals court’s ruling reverses a decision by U.S. District Judge Melinda Harmon in Houston. Harmon approved the original class action lawsuit by the shareholders, and she then expanded it in January, allowing 30 state attorneys general to join the case (see NGI, Jan. 15). The 5th Circuit opinion read in part, “As we have recognized, class certification may be the backbreaking decision that places ‘insurmountable pressure’ on a defendant to settle, even when the defendant has a good chance of succeeding on the merits.” William Lerach, one of the shareholders’ attorneys, said the legal team likely will appeal the ruling “as quickly as possible.”

The 5th U.S. Circuit Court of Appeals in New Orleans Monday ruled that Enron Corp. shareholders may not proceed with a class action lawsuit against the company’s former investment banks for their alleged role in the accounting fraud that destroyed the company.

The U.S. Court of Appeals for the Eighth Circuit ruled earlier this month that a federal court in Minnesota — and not the Bankruptcy Court in New York where power generator NRG Energy sought Chapter 11 bankruptcy protection in 2003 — has jurisdiction over the Commodity Futures Trading Commission’s enforcement action against the Princeton, NJ, company, the agency said.

The U.S. Court of Appeals for the Eighth Circuit ruled earlier this month that a federal court in Minnesota — and not the Bankruptcy Court in New York where power generator NRG Energy sought Chapter 11 bankruptcy protection in 2003 — has jurisdiction over the Commodity Futures Trading Commission’s enforcement action against the Princeton, NJ, company, the agency said.