With maximum fanfare two federal regulatory agencies blew the whistle on Dallas-based Energy Transfer Partners LP (ETP) and three of its subsidiaries, alleging that they attempted to manipulate physical natural gas prices at the Houston Ship Channel (HSC) delivery hub in the fall of 2005 in Hurricane Rita’s aftermath. The charges against ETP relating to the physical market came at the same time the agencies cited the failed Amaranth hedge fund for allegedly manipulating the natural gas futures market (see related story).
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Enron Corp. whistle-blower Sherron Watkins testified she knew things were getting bad at the company when ex-CEO Jeffrey Skilling resigned in August 2001. “He knows it, he knows it’s bad, and he’s getting out,” she told jurors as she testified Wednesday in the trial of Skilling and Enron founder Kenneth Lay.