Increased organic capital spending, greater commodity price volatility, changing ownership structures and developing regulatory policy are expected to continue to have an impact on credit ratings in the midstream energy sector for the remainder of 2006 and into 2007, Standard & Poor’s Ratings Services said Thursday in a new industry “report card.”
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Enron Probe Apparently Increases Focus on Lay, Skilling
Federal prosecutors apparently are increasing their efforts to determine whether former Enron Corp. Chairman Kenneth Lay and CEO Jeffrey Skilling should face criminal charges, the Wall Street Journal reported on Tuesday. Both Lay and Skilling have repeatedly denied any wrongdoing during their tenure at Enron, but investigators apparently are focusing on “individuals who possess evidence” to decide whether they could pursue criminal charges against one or both men.
September 10, 2003
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