09.05.2008
The Commodity Futures Trading Commission said Thursday that it has fined Sempra Energy’s trading and marketing unit $175,000 for recordkeeping violations involving natural gas futures trades on the New York Mercantile Exchange. The commission said a...
08.27.2008 | By Johnathan Rickman
The U.S. Court of Appeals for the Federal Circuit has ordered the government to return approximately $1.1 billion in past "bonus" payments to a group of oil and natural gas companies, saying Congress effectively repudiated long-held offshore...
08.25.2008
In a takeover aimed at securing a steady supply of Pennsylvania coal to fuel its growing U.S. steel business, Russian steel producer OAO Severstal announced Friday that its mining division has agreed to acquire U.S. coal company PBS Coals Corp. for $1.3...
08.22.2008
In a move that brings East Coast energy giant Dominion into Texas retail electricity markets for the first time, the Richmond, Va.-based company announced last week that it has agreed to acquire Cirro Energy, a relatively small marketer in the state. Dominion...
08.15.2008 | By Chris Holly
Four Senate Democrats Thursday asked Commodity Futures Trading Commission Inspector General A. Roy Lavik to investigate the commission's role in the preparation of a July 22 Bush administration interim report that discounted the influence of oil market...
08.15.2008 | By Johnathan Rickman
The approval last month by World Bank leaders of two new international funds to help developing nations cut their greenhouse gas emissions and finance investments in low-carbon technologies has sparked partisan sniping by congressional leaders and fed...
08.14.2008 | By Jeff Beattie
In another grim financial development for the company, PNM Resources on Monday announced losses of more than $143 million for the second quarter--its second straight poor quarterly earnings report--and said it plans to sell its Texas power retailer and to cut...
08.13.2008 | By Jeff Beattie
Substantially expanding its reach in the U.S. market for nuclear fuel processing and other specialized nuclear material operations, Babcock & Wilcox Co. announced Monday that it has struck a deal to acquire Nuclear Fuels Services and its fuel fabrication...
08.12.2008 | By Jeff Beattie
In news boosting the outlook for the country's largest merchant generator, Calpine Corp. named Jack Fusco, former head of Texas Genco Inc. and a veteran of the energy and finance industries, as its new president and chief executive officer, and posted solid...
08.11.2008 | By Jeff Beattie
Potentially putting a huge amount of U.S. coal reserves up for grabs, Rio Tinto said Friday that it has filed paperwork to spin off Cloud Peak Energy--the mining giant's North American coal unit and the second largest coal producer in the United States--but...
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