The meltdown of securities firm giant MF Global Holdings Ltd. is a “fresh slap-in-the-face reminder” of why the country needs tougher financial regulations, a member of the Commodity Futures Trading Commission (CFTC) said Tuesday.
Slap
Articles from Slap
No Tsunami Damage to Coastal California Nukes, Power Plants
While the West Coast of North America received a relatively light slap compared to the devastation in Japan following that nation’s worst-ever recorded earthquake and tsunami, California officials reported an estimated $50 million in damages, centered in two Northern California counties — Del Norte and Santa Cruz. The state’s string of coastal electric generation plants, except for the northern most at Humboldt Bay, reported no impact.
California Estimates $50M in Tsunami Damage; Power Plants Unaffected
While the West Coast of North America received a relatively light slap compared to the devastation in Japan following that nation’s worst-ever recorded earthquake and tsunami, California officials reported an estimated $50 million in damages, centered in two Northern California counties — Del Norte and Santa Cruz. The state’s string of coastal electric generation plants, except for the northern most at Humboldt Bay, reported no impact.
FERC Slaps CNG’s Hand, Grants NAEC’s Complaint
FERC gave CNG Transmission a slap on the hand last week andordered the pipeline to honor a shipper’s right of first refusal(ROFR) on a 13,350 Dth/d package of capacity that was sold toanother party last month. The Commission also intends to take acloser look at CNG’s capacity reservation and posting practices.
FERC Slaps CNG’s Hand, Grants NAEC’s Complaint
FERC gave CNG Transmission a slap on the hand and ordered it tohonor North American Energy Conservation’s (NAEC) right of firstrefusal (ROFR) on 13,350 Dth/d of firm transportation capacity for atleast one year. But the Commission also intends to take a closer lookat CNG’s capacity reservation and posting practices and wants thepipeline to explain why it discriminated against NAEC in awarding thecapacity to another shipper (see Daily GPI, Sept. 8).