Energy

  • April 10, 2007

    Attorneys Fees In Shell Action Kept Sealed

    A law professor has challenged the decision of a judge presiding over a multimillion-dollar lawsuit against Shell Oil Co. to seal an exhibit that discloses how $6.8 million in attorneys’ fees will be allocated.

  • April 10, 2007

    Regulators Probe Ameren Over Credit Ratings

    The Missouri Public Service Commission has issued subpoenas to electricity and natural gas utility Ameren Corp. and its affiliates requesting seven years of communications between the company and three major credit rating services.

  • April 9, 2007

    Georgia Power Faces Suit Over Pollution

    Environmentalists filed a lawsuit Friday to force the Environmental Protection Agency to require Georgia Power to clean up a plant that it says has been operating in violation of the Clean Air Act for more than 20 years.

  • April 9, 2007

    Kinder Morgan In $8.4M Settlement

    The family of a man killed in a 2004 explosion caused by a backhoe striking a high-pressure pipeline owned by Kinder Morgan Energy Partners LP has agreed to an $8.4 million settlement, a development that comes as the local district attorney mulls filing criminal charges in connection with the deadly accident.

  • April 9, 2007

    TXU Says It Will Not Shut Power Plants

    TXU Corp. has promised it will not shut down any power plants, after the private equity firms that bid to buy the utility firmly balked at a regulatory filing in which the company suggested it would close certain plants in order to avoid a $210 million fine.

  • April 10, 2007

    FTC Head Calls For Transparency In Energy Policies

    Amid the nation’s growing demand for energy, the head of the Federal Trade Commission on Tuesday called for better communication between regulators and the American public concerning the role of competition in energy markets.

  • April 9, 2007

    Bush Hydroelectric Plan Illegally Kills Salmon: Circuit

    A Bush administration plan to maintain four hydroelectric dams that threaten endangered salmon in the lower Snake River in eastern Washington disregards the government’s environmental responsibilities, a circuit court ruled Monday.

  • April 5, 2007

    Sinclair Oil Fined $5.5M For Violating Clean Water Act

    Sinclair Oil and two of its former managers will pay $5.5 million for felony violations of the Clean Water Act related to the operation of its Oklahoma subsidiary, Sinclair Tulsa Refining Co.

  • April 5, 2007

    Rex Energy Agrees To Reduce Noxious Emissions

    Oil producer Rex Energy Operating Corp. has agreed to reduce hydrogen sulfide emissions at an Illinois facility after the U.S. government brought Clean Air Act charges against it.

  • April 5, 2007

    Judge Sets Retrial Date In Nigerian Barge Case

    Three former Merrill Lynch & Co. employees who were convicted in the Nigerian Barge scandal following the collapse of Enron Corp. will be retried on the charges in January 2008.

  • April 9, 2007

    Enron Shareholders Petition For High Court Review

    Enron shareholders that suffered a setback when an appeals court threw out their class action suit against the now-defunct energy company’s underwriters have asked the U.S. Supreme Court to consider their case.

  • April 5, 2007

    Calpine Objects To Hire Of Financial Advisor

    Calpine Corp. has lashed out against a bid by its equity committee to retain Perella Weinberg Partners LP as its financial advisor, arguing that the move could cost as much as $40 million in fees.

  • April 5, 2007

    Outstanding Women: Rachel Clingman

    When Hurricanes Katrina and Rita blew through the Gulf of Mexico and heavily damaged oil-drilling operations in place there, British insurer Lloyd’s of London suddenly found itself dragged into a legal mêlée. It turned to Rachel Giesber Clingman to pull it out of the courts and get it back on track.

  • April 4, 2007

    Ex-Enron VP’s Conviction Tossed

    Invoking the theory of “honest services,” a Houston judge has thrown out the conviction of a former Enron vice president. A federal judge in Houston dismissed charges yesterday against a former energy trader at Enron who admitted to participating in the fraud that destroyed the company.

  • April 4, 2007

    Court Orders FERC To Review Phase-Out Ruling

    The U.S. energy watchdog was ordered Tuesday to reconsider its decision to give public utility Entergy Corp. one year to fix an unreasonable formula used to spread costs around.

  • April 4, 2007

    Eni, Enel Win Auction Of Yukos Assets

    Italy’s two biggest energy companies, Eni SpA and Enel SpA, won a contentious auction for assets of bankrupt Russian oil giant Yukos on Wednesday, and quickly offered to sell the bulk of their newly gained goods to Russian gas monopoly Gazprom.

  • April 4, 2007

    Outstanding Women: Karol Lyn Newman

    Karol Lyn Newman, a partner at Morgan Lewis & Bockius LLP for over 30 years, may not have started her career in energy law straight out of law school, but she wasted no time in becoming the go-to expert for natural gas issues.

  • April 5, 2007

    Car Makers' Case Against Vermont Moves On

    A judge has decided not to throw out a lawsuit challenging Vermont’s new environmental restrictions, despite the U.S. Supreme Court’s recent order allowing states to regulate greenhouse gas emissions.

  • April 5, 2007

    Energy Cos. Agree To Settle Natural Gas Antitrust Suit

    Reliant Energy Services Inc. and a handful of other energy companies have reached a settlement in a purported antitrust class action over allegations that they made improper prearranged trades that hiked up natural gas prices.

  • April 3, 2007

    Total Denies Execs Summoned Over Iran

    Total SA on Tuesday denied claims that the U.S. Securities Exchange and the U.S. Department of Justice had summoned its chief executive in the wake of a French newspaper’s report that the agencies were seeking more information on the French energy giant’s activities in Iran.