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Court orders shorter sentence for ex-Qwest CEO
The 10th U.S. Circuit Court of Appeals ruled Friday that the trial judge overstated the amount of Nacchio's alleged financial gain.
Topix.net Saturday, August 01, 2009

Chevron sees plunge in profits
Chevron Corp.'s profits plunged 71 percent in the second quarter to their lowest level in more than five years as reduced oil prices and a vicious global recession took their toll, the San Ramon, Calif.-based company reported Friday.
Houston Chronicle Saturday, August 01, 2009

Area gas customers should see lower bills this month
Even though CenterPoint will seek a rate increase later, lower charges for natural gas should bring relief on bills.
Houston Chronicle Saturday, August 01, 2009

TVA raises coal ash tab to $1.2B, reports 3Q loss
The Tennessee Valley Authority raised its estimates for cleaning up a massive coal ash spill to $1.2 billion on Friday, and partly blamed its third-quarter loss of $167 million on that cleanup.
Topix.net Saturday, August 01, 2009

Top of the week in Denver business news: July 25-31
Here's the top of the business news for the week of July 25-31 from DenverBusinessJournal.com:
Biz Journal Saturday, August 01, 2009

Dolphin Energy secures $4.1bn finance
Dolphin Energy Limited (Dolphin) has announced that it $4.1bn of debt has been funded to refinance current debt. The fund will be partially used for the construction of the Taweelah-Fujairah Pipeline project and pay fees associated with the refinancing. In April this year, Dolphin has secured financing commitments of $3bn from 25 financial institutions. Dolphin shareholders include Mubadala Development Company with 51%, Total S.A., 24.5% and Occidental Petroleum Corporation, 24.5%.
AME Saturday, August 01, 2009

On the Call: Aep Ceo
COLUMBUS, Ohio American Electric Power, which owns the nation's largest electric transmission system, is working to build out the nation's transmission system to help improve areas where there is congestion along with developing more transmission from wind projects in the Midwest to major population centers.
Topix.net Saturday, August 01, 2009

Dana Gas discovers more gas in Egypt
Dana Gas has said it discovered two more gas at its concessions in the Egyptian Nile Delta: Sharabas-1 and Sama-1. The Sharabas-1 was discovered in the West El Manzala concession, tested at 7 million standard cubic feet per day (MMscf/d) of gas with 198 barrels per day (bbl/d) of condensate while the Sama-1 discovery was located in the West El Qantara concession, tested at 13 MMscf/d of dry gas from a reservoir of Messinian age.
AME Saturday, August 01, 2009

Bankrupt Flying J sells pipeline subsidiary to Oklahoma-based Magellan Midstream Partners
Truck-stop operator and petroleum producer Flying J has sold a pipeline subsidiary to Tulsa, Okla.-based Magellan Midstream Partners.
Topix.net Saturday, August 01, 2009

NV Energy 2Q earnings fall 49 percent; higher costs blamed
NV Energy Inc., the parent firm of Nevada's two main electric utilities, said Friday earnings for the second quarter fell 49 percent because of higher costs and interest expenses related to power plant investments.
Topix.net Saturday, August 01, 2009

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