Source Pravda.Ru

Energy Traders Deny Price Manipulation Allegations

El Paso, Williams and Exelon have denied manipulating the California electricity market in responses filed with federal regulators, who are probing questionable trading by Enron Corporation.

About one hundred and fifty other power sellers have until today to tell the Federal Energy Regulatory Commission whether they used tactics outlined by Enron, once the biggest energy trader. Enron created fake congestion on California power lines to boost profit and used other methods that might have inflated prices.

The shares of energy traders have tumbled in the past year following Enron's bankruptcy filing and a decline in power and natural gas prices. Several companies have sold assets and securities to raise cash and revive investor confidence shaken by debt and accounting concerns.

The denials “give California a little less ammunition in its settlement discussions” with traders, Merrill Lynch analyst Cark Kirst said. “A little of bit of good news will allow investors to breathe a sigh of relief.”

The US is going to ban exports of Iranian oil to the world market from November 5 of this year. In turn, Iran threatens to block the passage of oil tankers of the Gulf countries through the Strait of Hormuz

Will Iran close the Strait of Hormuz to trigger global oil crisis?

The US is going to ban exports of Iranian oil to the world market from November 5 of this year. In turn, Iran threatens to block the passage of oil tankers of the Gulf countries through the Strait of Hormuz

Will Iran close the Strait of Hormuz to trigger global oil crisis?

The World Cup that is about to finish in Russia has shown that the Western propaganda machine has failed to create the image of Russia as a monster with "many tentacles." By and large, the Russians and the Ukrainians are close to each other

Putin-Trump meeting to decide the future of Ukraine
Comments
The Future of NATO
The Future of NATO
Will Iran close the Strait of Hormuz to trigger global oil crisis?
What does Theresa May have under her armpits?
Will Iran close the Strait of Hormuz to trigger global oil crisis?
France thrashes Croatia to win FIFA 2018
Will Iran close the Strait of Hormuz to trigger global oil crisis?
Palestine's Mahmoud Abbas comes to Moscow, complains to Putin of Israel
France thrashes Croatia to win FIFA 2018
France thrashes Croatia to win FIFA 2018
Palestine's Mahmoud Abbas comes to Moscow, complains to Putin of Israel
China makes serious preparations for hot war with USA
Russian Defense Minister speaks about war with Ukraine, US and fight for Crimea
Russian Defense Minister speaks about war with Ukraine, US and fight for Crimea
Croatian footballers glorify Ukraine after defeating Russia. Scandal out of nothing?
Russian Defense Minister speaks about war with Ukraine, US and fight for Crimea
Russian Defense Minister speaks about war with Ukraine, US and fight for Crimea
Russian Defense Minister speaks about war with Ukraine, US and fight for Crimea
France thrashes Croatia to win FIFA 2018
France thrashes Croatia to win FIFA 2018
France thrashes Croatia to win FIFA 2018