ExxonMobil Corp. subsidiary XTO Energy Inc. will pay a $100,000 penalty and spend an estimated $20 million on a plan to improve wastewater management practices following a settlement with federal authorities to resolve an alleged violation of the Clean Water Act related to the discharge of hydraulic fracturing wastewater at a Lycoming County, PA, facility.
Articles from Spilling
After confidential negotiations broke down this week, spilling into the public arena Wednesday, the City of San Bruno, CA, has asked state regulators to help them reach a “global settlement” with Pacific Gas and Electric Co. (PG&E) over a deadly pipeline explosion in September 2010.
Despite spilling more red ink last year in its exploration and production (E&P) business, Rapid City, SD-based Black Hills Corp. expects growth in that part of its business, which now places more emphasis on the regulated utility sector in several states, according to CEO David Emery.
With roiling financial markets spilling over to public-sector bond market players, Standard & Poor’s Ratings Services (S&P) again Wednesday issued negative outlooks for some of the counterparties while affirming the ratings on $1.4 billion in bonds by two California municipal utility pre-paid natural gas deals. The ratings firm first commented last week (see Daily GPI, Feb. 6).