Energy

  • October 9, 2007

    NLRB Alters Standard In Hiring Bias Suits

    A 3-2 decision by the National Labor Relations Board has raised the bar for filing hiring discrimination lawsuits in order to prevent job applicants who are not genuinely interested in seeking a position with a company from bringing unfair labor practice allegations if they do not gain employment.

  • October 9, 2007

    AK Steel Fashions Settlement With Retirees

    After a year-long battle, AK Steel Holding Corp. has backed down from a fight with its retirees over health care benefits, agreeing to establish a $663 million trust rather than follow through on its promise to start charging premiums.

  • October 8, 2007

    Banks, Funds Appeal Enron Bankruptcy Decision

    A group of Enron Corp.'s creditors fired the opening volley in the battle to overturn a decision that denied the banks' motion to subordinate certain claims to pre-petition agreements guaranteeing “senior indebtedness.”

  • October 8, 2007

    DOE To Fine Bechtel Over Nuclear Safety Violations

    The Department of Energy announced on Friday that it intends to fine contractor Bechtel National Inc. $165,000 for violating nuclear safety requirements in the construction of a waste treatment plant located at the Hanford nuclear reservation in south-central Washington.

  • October 8, 2007

    Chemical Cos. To Pay $5M For Turtle Bayou Cleanup

    A court on Friday ordered six chemical companies to pay over $7 million for the cleanup of a polluted chemical dumping site to three companies that have already borne much of the cost, concluding a case that began nearly six years ago.

  • October 8, 2007

    DOJ Threatened Dynegy To Stop Funding: Exec

    A former Dynegy Inc. tax attorney who is currently serving a six-year term in prison on securities fraud charges is seeking to reverse his conviction, claiming that federal prosecutors kept him from receiving proper funding for his defense.

  • October 5, 2007

    Energy Co. Fined For Poor Chemicals, Waste Storage

    Energy Northwest has been fined $120,000 for improperly labeling and storing hazardous waste and chemicals and committing other violations at two sites in Washington.

  • October 5, 2007

    Federal Loan Program Will Cover New Nuclear Plants

    The reviving nuclear power industry got some good news Thursday when the federal government released final rules detailing how its loan guarantee program for innovative energy technologies will be governed. The program will cover a wide range of clean energy projects, including advanced nuclear power.

  • October 5, 2007

    Motiva Pays $2.3M, Avoids Contempt Trial

    Oil refining company Motiva Enterprises LLC on Thursday agreed to pay $2.25 million to settle charges that it violated water pollution limits in the Delaware River, thus ending a lawsuit that was first filed nearly 20 years ago.

  • October 5, 2007

    Centerpoint Seeks Dismissal From 3rd MDL Case

    Citing lack of personal jurisdiction, Centerpoint Energy Inc. is seeking to be dismissed from another multidistrict litigation case in which a slew of energy companies have been accused of raising and fixing prices for natural gas in western states.

  • October 8, 2007

    Lawyers Plead Good Faith In Chevron Sanctions Feud

    In a bid to sidestep Chevron Corp.'s request for sanctions, attorneys representing plaintiffs who falsely claimed they developed cancer due to Chevron's alleged illegal dumping of toxic waste in the Ecuadorian rain forest are arguing that they had reasonable basis for filing the claims.

  • October 4, 2007

    Calpine's Shareholders Denied Request For Stay

    A federal judge has shot down an attempt by Calpine Corp.'s shareholders committee to stay the company's bankruptcy proceedings until after the committee appeals the approval of the energy company's disclosure statement.

  • October 4, 2007

    Marathon Price-Gouging Suit Sent Back To Ky.

    An $89 million lawsuit brought by Kentucky’s attorney general against Marathon Oil Corp. will return to state court after a judge dismissed a bid by the energy company to defend itself in a federal venue.

  • October 4, 2007

    Amaranth Seeks Stay Against FERC Action

    Collapsed hedge fund Amaranth Advisors LLC has once again asked a court to stay the lawsuit filed against it by the Federal Energy Regulatory Commission, arguing that the case should be put on hold until the conclusion of a similar matter filed by the U.S. Commodity Futures Trading Commission.

  • October 11, 2007

    Underfunded Superfund Draws Calls For Reform

    As alarm about the U.S. Environmental Protection Agency Superfund's dwindling budget and worries that cleanup has lagged have spread, Capitol Hill Democrats recently indicated that they could be gearing up to investigate and possibly reform the program.

  • October 3, 2007

    Edison Fights $200M Order In Survey Rigging Case

    Southern California Edison plans to appeal an order forcing the utility to pay $200 million in penalties for altering customer satisfaction surveys and safety documents to collect larger bonus payments.

  • October 3, 2007

    Global Power Trustee Fights Bid To Hire 2nd Agent

    The U.S. Trustee overseeing Global Power Equipment Group Inc.’s bankruptcy case lashed out at the power-plant equipment manufacturer’s bid to retain Financial Balloting Group LLC as its balloting and solicitation agent, claiming that the company has not justified the need for such a move.

  • October 3, 2007

    FTC Drops Bid To Block Western Refining Merger

    The Federal Trade Commission has voted to drop its challenge of the proposed $1.4 billion merger between Western Refining Inc. and Giant Industries Inc., despite its continuing belief that the merger is anti-competitive.

  • October 3, 2007

    Chevron-Led Oil Venture Fined $609M

    The Kazakhstan government has reportedly hit a Chevron Corp.-led oil venture with a $609 million fine for illegally stockpiling sulfur at the Tengiz oilfield in the western part of the country.

  • October 4, 2007

    Govt. Wins Time In Dana Superfund Feud

    After receiving a "no" from the bankruptcy court, federal prosecutors have been granted a temporary reprieve by a Manhattan district court judge to resolve a spat over the proposed estimation procedures for determining environmental claims in Dana Corp.'s Chapter 11 case.