Several frustrated Reliant Energy Inc. shareholders on Wednesday urged R. Steve Letbetter, chairman and CEO, to resign, insinuating during an annual meeting in Houston that the utility giant has deteriorated since Letbetter took over as CEO in 1999. Calls for his resignation, as well as others from Reliant’s executive team, were not submitted to a formal vote, and Letbetter did not answer questions about whether the company would be in better shape without him at the helm.
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Pipelines, Industrials Urge FERC to Strike Balance on Disclosure Issue
Natural gas pipelines, local distributors and industrial customers said they backed FERC’s current inquiry that potentially may limit the public’s access to sensitive critical energy infrastructure information (CEII), but some cautioned the agency not to go overboard in its effort. A few legal experts, however, adopted the surprising position that the Commission should use “all available legal means” to limit access to certain details about energy facilities in the wake of Sept. 11.
Producers Urge Congress To Alter Offshore Drilling Laws
Oil and gas industry representatives are concerned that problems with the Coastal Zone Management Act (CZMA) are not being fixed by Congress despite the current opportunity to do so with the required reauthorization of CZMA and the urgent pleas by industry and the Bush administration that changes must be made to remove a substantial impediment to the nation’s energy supply.
Producers Urge Congress To Alter Offshore Drilling Laws
Oil and gas industry representatives are concerned that problems with the Coastal Zone Management Act (CZMA) are not being fixed by Congress despite the current opportunity to do so with the required reauthorization of CZMA and the urgent pleas by industry and the Bush administration that changes must be made to remove a substantial impediment to the nation’s energy supply.
Pipeline Industry Leaders Come Together on Pipe Safety Bill
Top U.S. pipeline industry leaders and key trade associations united last week to urge the passage of an effective and responsible bill to promote the safety of more than two million miles of oil and natural gas pipelines.
Pipeline Industry Leaders Come Together on Pipe Safety Bill
Top U.S. pipeline industry leaders and key trade associations united Tuesday to urge the passage of an effective and responsible bill to promote the safety of more than two million miles of oil and natural gas pipelines.
AFL-CIO, Amalgamated Bank Urge Enron to Adopt Reforms
In a shareholder letter sent on Friday to Enron Corp.’s board of directors, the AFL-CIO and the Amalgamated Bank called on the struggling company to expand the mission of its newly created special committee, urging the board to adopt a package of reforms to restore investor confidence. The union trade group and the bank said they sent the letter because “America’s working families are significant shareholders of Enron stock through their pension, health and welfare benefit funds.”
NJ Regulators Urge GPU-FirstEnergy Merger Rejection
Staff at the New Jersey Board of Public Utilities (NJBPU) has urged state regulators to reject the pending merger between FirstEnergy Corp. and GPU Inc. on the grounds that the two companies have failed to back up claims that the merger will not harm ratepayers in the Garden State, among other things.
NJBPU Staff Urge GPU-FirstEnergy Merger Rejection
Staff at the New Jersey Board of Public Utilities (NJBPU) has urged state regulators to reject the pending merger between FirstEnergy Corp. and GPU Inc. on the grounds that the two companies have failed to back up claims that the merger will not harm ratepayers in the Garden State, among other things.
Lawmakers Urge GAO Probe of Energy Task Force
Reps. John Dingell (D-MI) and Henry Waxman (D-CA) last week called on the General Accounting Office (GAO) to undertake an investigation into the White House energy task force in light of the shroud of secrecy surrounding its meetings and participants. They want to know whether the decision to close the task force meetings to the public is a violation of the sunshine laws and the “letter and the spirit” of Federal Advisory Committee Act.