Response Deadlines for Complaints Under Fire

The shorter response times imposed by FERC in its final rule toexpedite resolution of industry disputes will place an inordinateburden on interstate pipelines and other regulated companies thatare likely to be targets of customer complaints, pipelines andpower utilities contend. Even natural gas producers – the biggestproponents of a faster complaint process – expressed some concernabout the compressed deadlines.

May 6, 1999

Survey: Majority Bet on Gas for Tough Times Ahead

When the going gets tough, the tough turn to gas. That’s oneconclusion that can be drawn from results of Arthur Andersen’s 11thannual U.S. Oil and Gas Industry Outlook Survey. While 70% of the83 companies responding to the survey said they plan to cutexploration spending or hold it at current levels in the comingyear, gas will get a bigger share of the attention. Nearly half ofthe respondents (49%) plan to focus on gas exploration, an increaseof 20% from a year ago. Another 39% of respondents said they willbalance efforts between oil and gas.

December 14, 1998

GPU Deal Makes Sithe Biggest U.S. IPP

New Jersey utility holding company GPU Inc. has sold itsnon-nuclear generating assets for $2.62 billion – 2.5 times bookvalue or $510 per kilowatt. The majority of generating assets werebought by French- and Japanese-owned Sithe Energies Inc. of NewYork City, which bought assets in New Jersey, Pennsylvania andMaryland. The deal will make Sithe the largest U.S. independentpower producer.

November 16, 1998

Cold Has Price Increases Speeding Up Again

After tapping on the brakes a few times Wednesday, theresurgence in November prices had its foot back on the acceleratorThursday. While not quite pedal-to-the-metal as in Tuesday’s gainsthat often hit 30 cents or more, double-digit increases againdominated the cash market.

November 6, 1998

Class Actions, Hard Times for Dallas-Based Triton

Another class action suit was filed against Triton Energy onbehalf of shareholders alleging the company misrepresented thevalue of its assets and prospects for the company. The most recentsuit, filed in U.S. District Court for the Eastern District ofTexas on behalf of those who acquired common stock on or betweenMarch 30 and July 17, says statements by the company and certainexecutives drove its stock price up during the class period.

August 28, 1998
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