Settle

In an effort to further pave the way for their merger, AGL Resources and NUI Corp. said on Tuesday they reached a settlement agreement with Green Meadows Partners LLP regarding a shareholder class action lawsuit filed by Green Meadows against NUI, its board and AGL last month.

Following the Energy Information Administration’s estimate that 67 Bcf was injected into underground natural gas storage during the week ended Oct. 8, November natural gas futures shot up 13 cents to notch a daily high of $6.96 as of 10:42 a.m. (EDT). However, that level did not hold.

In an effort to further pave the way for their merger, AGL Resources and NUI Corp. said on Tuesday they reached a settlement agreement with Green Meadows Partners LLP regarding a shareholder class action lawsuit filed by Green Meadows against NUI, its board and AGL last month.

The former director of investor relations for Enron Corp. agreed to pay a $1.49 million fine to settle fraud charges, while the former COO of Enron Broadband Services (EBS) pleaded guilty to one count of conspiracy to commit wire and securities fraud last week, in the latest settlements with former executives at the bankrupt company.

FERC has dismissed a complaint filed by Cross Timbers Energy Services, Inc. against Transwestern Pipeline after the two parties reached an agreement involving credits for firm shippers whose transportation is interrupted by maintenance.

The former director of investor relations for Enron Corp. on Wednesday agreed to pay a $1.49 million fine to settle fraud charges, according to the Securities and Exchange Commission (SEC). Mark Koenig settled with the SEC without admitting or denying the charges.

The Oregon Public Utility Commission and Northwest Natural Gas Corp. announced a settlement related to three utility property transactions that will result in a $1.28 million refund to the natural gas utility’s customers. All the deals related to commercial property deals in the City of Portland that came under the PUC’s scrutiny as part of the regulatory commission staff’s general rate auditing.

The Commodity Futures Trading Commission (CFTC) said last Wednesday it settled an administrative action against United Energy Inc., a registered broker and commodity trading advisor located in New York City, and a company employee for violations related to the trading of natural gas futures.

The Commodity Futures Trading Commission (CFTC) said Wednesday it settled an administrative action against United Energy Inc., a registered broker and commodity trading advisor located in New York City, and a company employee for violations related to the trading of natural gas futures.