Energy

  • December 20, 2007

    FERC Proposes Rules For Natural Gas Transparency

    On Thursday, the Federal Energy Regulatory Commission formally approved one rule and proposed another, both designed to increase the amount of public information on the trading and transfer of physical natural gas in the U.S.

  • December 20, 2007

    Amaranth, Traders Respond Defiantly To FERC Orders

    After failing to secure stays on the Federal Energy Regulatory Commission's orders to show cause, which together demand $288 million in civil penalties and disgorgement, Amaranth Advisors LLC and two of its former traders submitted their responses to the orders on the deadline of Dec. 14.

  • December 20, 2007

    Judge OKs DHS Waiver Of Environmental Laws

    A federal court in Washington, D.C. has dismissed a lawsuit brought by two environmental groups that challenged the construction of a border fence in Arizona and has ruled that the Secretary of Homeland Security's decision to waive numerous laws wasn't unconstitutional.

  • December 20, 2007

    Akzo Settles Oil-For-Food Charges

    Dutch company Akzo Nobel NV has agreed to pay up to $3.75 million to settle allegations that two of its subsidiaries paid illegal kickbacks to the Iraqi government under the United Nations' scandal-plagued oil-for-food program.

  • December 19, 2007

    W.R. Grace Grants DOJ $34M Superfund Claim

    W.R. Grace & Co. settled an asbestos claim the federal government lodged in its Chapter 11 case, agreeing to cede an allowed general unsecured claim of $34 million for the cleanup of 33 Superfund sites.

  • December 19, 2007

    EC Proposes To Fine Car Companies For Excess CO2

    The European Commission proposed new legislation on Wednesday that would use the threat of fines to reduce carbon dioxide emissions of new passenger cars from its current average of about 160 grams per kilometer to 120 grams per kilometer by 2012.

  • December 19, 2007

    Calif. Oil Spill Cleanup To Push $61M Limit

    Cleanup costs for last month's massive oil spill in San Francisco Bay are set to exceed the $61 million federal insurance liability limit, the U.S. Coast Guard told lawmakers on Tuesday.

  • December 19, 2007

    Russian EPA Fines Sakhalin II Project $15.8M

    Russia's environmental regulators on Wednesday fined the operator of the controversial Sakhalin II oil and gas project on the country's Eastern coast over $15.8 million (390 million rubles) for deforestation and environmental damage.

  • December 19, 2007

    U.K. OFT Charges Three In Marine Hose Conspiracy

    The United Kingdom’s competition regulator has filed criminal charges against the same three men who last week pled guilty in the United States to charges of participating in an illegal marine hose cartel.

  • December 20, 2007

    Expert Claims Info Stolen In Chevron Pollution Suit

    A court-appointed expert in charge of determining whether Chevron Corp. dumped toxic waste in Ecuador said Wednesday that his offices were burglarized and three computers with information about the case were stolen.

  • December 20, 2007

    Worker’s Sex Bias Case Against Brewer Revived

    An appeals court has reversed a judgment in favor of the Brewer Company after finding that a woman who worked in its natural gas pipeline division and sued the company when she was replaced by a man created genuine issues of material fact.

  • December 20, 2007

    EPA Denies California's Emissions Waiver

    The U.S. Environmental Protection Agency on Wednesday denied California's request to set its own limits on greenhouse gas emissions from motor vehicles, saying a national approach would be more effective than a state-by-state approach.

  • December 19, 2007

    Calpine Plan Approved, Highly Unusual Settlement

    A federal judge has approved Calpine Corp.'s reorganization plan after the debtors, creditors and shareholders reached a highly unusual settlement that staved off an expected battle over the value of the company.

  • December 18, 2007

    Xcel Not Eligible For FERC Waivers, Court Rules

    The Federal Energy Regulatory Commission did not act arbitrarily or capriciously when it decided not to exempt Xcel Energy Services Inc. from a requirement that it provide notice before setting new rates, a circuit court has ruled.

  • December 18, 2007

    Reliant Faces Suit Over Pollution In New Jersey

    The state of New Jersey has sued electricity giant Reliant Energy Mid-Atlantic Power Holdings for allegedly polluting the state's air with emissions from a coal-burning power plant in Pennsylvania, New Jersey Attorney General Anne Milgram announced Tuesday.

  • December 19, 2007

    Seyfarth Shaw Adds Employee Benefits Partner

    With the addition of Gregory D. Renberg as a partner at Seyfarth Shaw LLP, two practice areas will get a boost, since Renberg, an employment and labor attorney, has focused his practice on the energy industry.

  • December 18, 2007

    Judge OKs Foster Wheeler's $1.64M Settlement

    A judge has signed off on a settlement agreement that allows Foster Wheeler Energy Corp. to settle litigation from residents who live near a former company plant for $1.64 million.

  • December 18, 2007

    Calpine's Exit Financing Lowered By $400M

    Bankrupt energy company Calpine Corp. has agreed to lower its exit financing from $8 billion to $7.6 billion amid concerns that it wouldn't be able to satisfy certain closing conditions.

  • December 18, 2007

    House Passes Final Version Of Energy Bill

    After months of wrangling, the U.S. House of Representatives on Tuesday approved final passage of a major energy bill that will lift vehicle fuel economy standards for the first time since 1975 and change the way the United States uses power across the board.

  • December 18, 2007

    Australia To Track Gas Prices To Protect Competition

    The Australian government reportedly tapped the country's competition watchdog on Tuesday to track the prices of unleaded gasoline in response to a study that uncovered obstacles to competition in the national refining industry.