Energy

  • June 7, 2007

    Agencies Look To Resolve Offshore Energy Dispute

    The Federal Energy Regulatory Commission and the U.S. Department of the Interior’s Minerals Management Service said Thursday that they were close to resolving a dispute over who should oversee offshore renewable energy projects.

  • June 7, 2007

    Lawmakers Decry Plan Blocking State Emissions Laws

    As the battle over how best to regulate the reduction of greenhouse gas emissions heats up, lawmakers on Thursday indicated their intention to try to block a congressional energy plan that would limit states' regulatory powers on the issue.

  • June 21, 2007

    New Source Review Fight About To Heat Up

    As the Bush Administration prepares to make changes to the Clean Air Act's new source review program, industry and environmental advocates are gearing up for an expected legal fight.

  • June 8, 2007

    Bill Seeks To Boost Geothermal Power Use

    In a continued effort to increase the use of renewable and efficient energy, a bipartisan group of U.S. senators has proposed a bill that would shift 20% of the country's electrical energy to geothermal power by 2030.

  • June 7, 2007

    UBS Settles With Enron Creditors For $115M

    Just a week after investment bank Credit Suisse reached a settlement with the creditors of Enron Corp., UBS AG has followed suit. The bank agreed to pay $115 million to settle litigation over equity transactions made with Enron in the days leading up to the company’s collapse.

  • June 6, 2007

    Union Pushes For Arbitration With ConocoPhillips

    A workers union has asked a judge to force ConocoPhillips Co. to enter arbitration in order to settle employee grievances, in the latest of a number of cases the two have litigated in recent years over the arbitration terms of their agreement.

  • June 6, 2007

    European Regulators Push For Energy Unbundling

    The European Commission needs to implement new energy competition laws that will force unbundling in the gas and electricity markets, create a new regulatory framework and promote investment in the sector, a group of European energy watchdogs has said.

  • June 6, 2007

    Judge OKs Asarco Bonus Plan To Stem Losses

    A judge has approved a request by bankrupt Asarco LLC to pay employees bonuses totaling more than $11 million after the company argued its competitors were poaching its employees.

  • June 6, 2007

    Venable Lures Two Piper Attorneys

    Two prominent attorneys expert in environmental regulatory law have left DLA Piper to join Venable LLP, taking their longtime client—a leading utility consortium—along with them.

  • June 6, 2007

    Energy Policy Act Reforms Meet Opposition

    A Democratic-backed energy bill that aims to reform the Energy Policy Act of 2005 would likely cut the country's energy output and dismantle an existing measure that promotes energy efficiency and expands the industry's infrastructure, the U.S. Chamber of Commerce has said.

  • June 6, 2007

    Former Enron Broadband Officer Sentenced

    A judge has sentenced the former chief operating officer of Enron Corp.'s broadband unit to two years in prison for his part in the massive fraud that led to the energy goliath's 2001 implosion.

  • June 5, 2007

    Energy Co. Alleges Theft Of $10M Oil Rig

    An oil rig operator has urged a court to issue a restraining order against its parent company after the alleged theft of a $10 million rig from a drilling station.

  • June 5, 2007

    Ninth Circuit Rejects Challenge To CFTC Sanctions

    The U.S. Court of Appeals for the Ninth Circuit has rejected a petition against the Commodity Futures Trading Commission that questioned whether the federal agency has a right to pursue a case against an individual trader who broke a commodity exchange rule.

  • June 5, 2007

    SEC Seeks Court Action Against Energy Attorney

    The U.S. Securities and Exchange Commission has asked a court to force a Chrome Energy LLC attorney to cooperate in an bribery investigation connected with the energy holding company and ERHC Energy Inc.

  • June 5, 2007

    DOJ Tells Asarco To Clean Up

    The U.S. Department of Justice demanded Monday that mining company Asarco LLC, which filed for Chapter 11 in 2005, address pollution at a group of its mines in California as a condition of its reorganization.

  • June 4, 2007

    Court Approves $15M Allegheny Settlement

    A district court judge has approved the $15 million settlement reached in the consolidated class action suit filed against energy company Allegheny Energy Inc., bringing an end to a protracted legal battle.

  • June 4, 2007

    Court Affirms EPA Aircraft Rule

    An appeals court panel ruled Friday that the U.S. government did not violate the Clean Air Act by only mandating a 16% reduction in nitrogen oxide emissions from aircraft engines.

  • June 4, 2007

    TXU Shareholder Suit Tossed

    A Texas judge has thrown out a shareholder class action filed against the directors of energy company TXU Corp. in the wake of its $32 billion buyout by two private equity firms, ruling that the shareholders do not have the right to pursue claims against the company's directors.

  • June 4, 2007

    MidAmerican Energy, City Agree To Pay $4.6M

    MidAmerican Energy Company and a small city in Iowa have agreed to pay $4.6 million to settle government claims that they are responsible for cleanup of hazardous substances that came from the LeMars Coal Gas Superfund Site.

  • June 4, 2007

    HSBC Objects To Calpine Prepayment

    Investment bank HSBC Bank USA has lodged a formal objection to a bankruptcy court order allowing energy company Calpine Corp. to prepay $2.5 billion in secured debt, arguing that the prepayment improperly limits its claims.