Settlement

The Georgia Public Service Commission (PSC) Tuesday approved a settlement proposal that removes a stumbling block from Georgia Power’s plans to build a 19-mile natural gas pipeline through the suburban metropolitan area just west of Atlanta.

Houston-based independent producer Rosetta Resources Inc. has reached a partial settlement with Chapter 11-bound Calpine Corp. over the independent power generation developer/operator’s sale two years ago of its North American oil and natural gas reserves. No dollar amount was assigned to the partial deal, which is subject to approval by the U.S. Bankruptcy Court, Southern District of New York.

Houston-based independent producer Rosetta Resources Inc. announced Monday it has reached a partial settlement with Chapter 11-bound Calpine Corp. over the independent power generation developer/operator’s sale two years ago of its North American oil and natural gas reserves. No dollar amount was assigned to the partial deal that is subject to approval by the U.S. Bankruptcy Court, Southern District of New York.

The Pennsylvania Public Utility Commission (PUC) last Friday approved a settlement agreement allowing Equitable Resources Inc. to buy Dominion Peoples. But shortly thereafter, the Federal Trade Commission (FTC) filed in federal court for a temporary restraining order and preliminary injunction to stop the $970 million acquisition.

The Pennsylvania Public Utility Commission (PUC) Friday approved a settlement agreement allowing Equitable Resources Inc. to buy Dominion Peoples. But shortly thereafter, the Federal Trade Commission (FTC) filed in federal court for a temporary restraining order and preliminary injunction to stop the $970 million acquisition.

Three years after its emergence from Chapter 11 bankruptcy protection and a historic settlement with state regulators, Pacific Gas and Electric Co. operates in full transformation mode, with a new, diverse senior management team that is motivated to aggressively go after growth opportunities tied to the core utility business, CEO Peter Darbee told Wall Street analysts in New York City Wednesday. Darbee and his fellow senior executives at PG&E Corp. gave an annual update to the financial community.

FERC last Wednesday approved a settlement agreement requiring Maine distributor Bangor Gas Co. LLC to pay a civil penalty of $1 million for violations of the agency’s “shipper-must-have-title” requirements. This marked the first time that FERC has exercised its enhanced penalty authority under the Energy Policy Act of 2005 (EPAct) for natural gas violations.

FERC Wednesday approved a settlement agreement requiring Maine distributor Bangor Gas Co. LLC to pay a civil penalty of $1 million for violations of the agency’s “shipper-must-have-title” requirements. This marked the first time that FERC has exercised its enhanced penalty authority under the Energy Policy Act of 2005 (EPAct) for natural gas violations.

February settlement-day bears apparently went back into hibernation Tuesday as March natural gas futures broke back to the upside, soaring 80.3 cents to end the day at $7.740, and crude oil futures jumped $3/bbl.