Weighing

Enron Jurors to Consider if Skilling, Lay ‘Deliberately Ignorant’

Jurors weighing the fate of Enron Corp. founder Kenneth Lay and former CEO Jeffrey Skilling will be able to consider whether the men were “deliberately ignorant” and disregarded warnings about possible misconduct at the company, U.S. District Judge Sim Lake ruled this week. Lake will read the 50 pages of instructions, which are used to apply to the facts in the case, to the jury on Monday.

May 12, 2006

Spinnaker Blames Hurricane Ivan for Weighing Down 3Q Output, Earnings

Houston-based independent Spinnaker Exploration Co. warned Friday that Hurricane Ivan and weather-related production curtailments in the Gulf of Mexico will slightly reduce forecasted 3Q oil and natural gas production, and also weigh on quarterly earnings.

October 25, 2004

Spinnaker Blames Hurricane Ivan for Weighing Down 3Q Output, Earnings

Houston-based independent Spinnaker Exploration Co. warned Friday that Hurricane Ivan and weather-related production curtailments in the Gulf of Mexico will slightly reduce forecasted 3Q oil and natural gas production, and also weigh on quarterly earnings.

October 25, 2004

Back Office Outsourcing Firms Refocus on Energy Industry

With IBM and other business processing giants weighing in, the energy industry, including the utility sector, increasingly is doing what other industries have been pushing for more than a decade — outsourcing generic business back-office functions with the goal of lowering payrolls and becoming more efficient as companies seek to survive in an ever-tougher business climate.

July 23, 2004

Mild Softness Reigns as Positive Price Influences Fade

With energy futures softness from the day before weighing on Wednesday’s cash market, there wasn’t enough air conditioning load left across the southern tier of states to keep prices from experiencing mostly mild losses. Quotes ranged from flat to down about a quarter; most losses were less than a dime.

May 27, 2004

Moody’s Weighs Enron Bankruptcy Progress in Applying Rating to Transwestern

Weighing progress toward completion of the Enron Bankruptcy case, Moody’s Investors Service last week assigned a speculative grade B1 senior secured rating to Transwestern Pipeline Co.’s $400 million term loan, a B1 senior implied rating, subject to review of final documentation, and said the outlook is positive.

April 19, 2004

Moody’s Weighs Enron Bankruptcy Progress in Applying Rating to Transwestern

Weighing progress toward completion of the Enron Bankruptcy case, Moody’s Investors Service assigned a speculative grade B1 senior secured rating to Transwestern Pipeline Co.’s $400 million term loan, a B1 senior implied rating, subject to review of final documentation, and said the outlook is positive.

April 16, 2004

Many Energy Companies Have Fallen, And History Shows Many Won’t Get Up

History is weighing against many energy companies that have seen their credit ratings fall below investment grade but expect they will return some day to investment-grade status. According to a 16-year study by Standard & Poor’s Ratings Services (S&P), only one quarter of these “global fallen angels” (downgraded to ‘BB+’ and below from ‘BBB-‘ and higher) returned to investment-grade status; three quarters did not.

March 3, 2003

Many Energy Companies Have Fallen, And History Shows Many Won’t Get Up

History is weighing against many energy companies who have seen their credit ratings fall below investment grade but expect they will return some day to investment-grade status. According to a 16-year study by Standard & Poor’s Ratings Services (S&P), only one quarter of these “global fallen angels” (downgraded to ‘BB+’ and below from ‘BBB-‘ and higher) returned to investment- grade status; three quarters did not.

February 28, 2003

Chairman Promises New Direction for CPUC

California’s often-criticized regulatory commission will strive to take a more “balanced approach” in weighing consumer, utility and economic interests, according to Michael Peevey, the former utility senior executive who was named New Year’s eve to a six-year commission term and as president of the five-member California Public Utilities Commission.

January 6, 2003