With its stock price depressed since accounting irregularitiescame to light in one of its divisions, Baker Hughes Inc. and two ofits senior officers now have been named in securities fraudlawsuits filed last week in U.S. District Court for the SouthernDistrict of Texas. Suits were filed on behalf of investors whobought Baker Hughes common stock May 3 through Dec. 8.
Senior
Articles from Senior
Transco Official Blasts FERC’s PD Decision
In a terse letter to FERC recently, Cuba Wadlington Jr.,Transcontinental Gas Pipe Line’s senior vice president and generalmanager, became the first pipeline representative to formallycriticize the Commission’s recent departure from its long-standingpolicy of issuing preliminary determinations on pipeline expansionapplications.
Transco Official Blasts FERC’s PD Decision
In a terse letter to FERC last week, Cuba Wadlington Jr.,Transcontinental Gas Pipe Line’s senior vice president and generalmanager, became the first pipeline representative to formallycriticize the Commission’s recent departure from its long-standingpolicy of issuing preliminary determinations on pipeline expansionapplications. Wadlington said Transco officials are disappointedabout the decision, which affects their MarketLink project, theproposed Independence Pipeline – in which Transco is a partner -the upstream ANR-sponsored SupplyLink project and the competingMillennium Pipeline project.
Producers Advised to Reinvent the Business
The only thing John Olson, senior energy analyst for SandersMorris and Mundy, needed last week following his speech at aproducers’ conference on gas supply and demand at the Canadianembassy in Washington, D.C., was a producer to volunteer to step upon stage and be slapped around.
Personnel Briefs
PG&E Corp. has selected Joseph P. Kearney, currently seniorvice president of PG&E Corp. and president and CEO of its U.S.Generating Company (USGen), to assume the additional responsibilityof president and CEO of PG&E Gas Transmission. Kearney, 52,succeeds Jack F. Jenkins-Stark who is leaving the company to pursueother interests.