Securities

Dynegy Inc. has filed a registration statement on Form S-1 with the Securities and Exchange Commission (SEC) concerning a proposed underwritten initial public offering of 8.8 million common units in Dynegy Energy Partners LP, a Delaware limited partnership that has been formed to own and operate a portion of Dynegy’s large natural gas liquids business.

“I don’t think there’s a [budget] number big enough” to provide the Securities and Exchange Commission (SEC) with all of the resources it would need to review every quarterly filing of every publicly traded company with a fine-tooth comb, said Chairman Harvey Pitt during a House Financial Services subcommittee hearing last week.

“I don’t think there’s a [budget] number big enough” to provide the Securities and Exchange Commission (SEC) with all of the resources it would need to review every quarterly filing of every publicly traded company with a fine-tooth comb, said Chairman Harvey Pitt during a House Financial Services subcommittee hearing Monday.

PG&E Corp. and its utility Thursday filed their utility reorganization plan with the Securities and Exchange Commission, seeking its approval under the federal Public Utility Holding Company Act (PUHCA). As an outgrowth of the ongoing Chapter 11 bankruptcy proceedings in San Francisco, Pacific Gas and Electric Co. had identified the SEC approval as one of several needed before the utility can emerge from bankruptcy as it plans by the end of this year, estimating utility assets worth about $9.5 billion will be transferred.

ChevronTexaco Corp. informed the Securities and Exchange Commission last week that it has started to lay off 7% of its work force, or about 4,000 employees out of a total of 57,000, as part of a program designed to trim $1.2 billion/year in overhead following its merger. The cuts are in line with what the companies expected last year when their merger was first announced.

ChevronTexaco Corp. informed the Securities and Exchange Commission this week that it has started to lay off 7% of its work force, or about 4,000 employees out of a total of 57,000, as part of a program designed to trim $1.2 billion/year in overhead following its merger. The cuts are in line with what the companies expected last year when their merger was first announced.

In the several documents filed with the U.S. Securities and Exchange Commission (SEC) on Tuesday, Enron Corp. spelled out specifically the terms of its $23 billion merger with Dynegy Corp., noting in one filing that until the merger closes as expected in the third quarter of 2002, “we will continue to deal with one another on a commercial level as competitors, just as we have done in the past,” including its operation of EnronOnline, the leading electronic trading platform in the world.

Enron Corp. reported Wednesday that the U.S. Securities and Exchange Commission (SEC) has launched a formal investigation into “certain of the matters that were the subject of recent press reports and that previously were the subject of an informal inquiry” — all centered on the company’s related-party transactions.

In a Securities and Exchange Commission (SEC) filing last Wednesday, Houston-based EOG Resources Inc. said it is adjusting its production and drilling activity downward through the rest of the year and now does not expect to meet its earlier production forecast because of falling natural gas prices.