Entergy-Koch Trading, LP Responds to FERC Inquiry on `Wash Trades'.Business/Energy Editors HOUSTON--(BUSINESS WIRE)--May 31, 2002 Entergy-Koch Trading, LP today notified the Federal Energy Regulatory Commission The Federal Energy Regulatory Commission (FERC) is the United States federal agency with jurisdiction over electricity sales, wholesale electric rates, hydroelectric licensing, natural gas pricing, and oil pipeline rates. (FERC FERC Federal Energy Regulatory Commission FERC FEMA Emergency Response Capability ) that it did not engage in "wash trades" as described in the FERC Requests for Admissions and Document Production dated May 21, 2002. These requests address electricity trading activities in the Western Systems Coordinating Council for calendar years 2000 and 2001. Entergy-Koch's response collectively covered the activities of Entergy-Koch Trading, as well as its predecessor companies. Entergy-Koch Trading, LP (EKT EKT Elektrokrampftherapie (German: electroshock therapy) EKT Elektrokonvulsionstherapie (German) EKT Engineering Knowledge Test (India) ) is a top marketer of energy in North America, trading natural gas, power, weather risk management, and other energy-related products. EKT is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Entergy-Koch, LP, which is a joint venture between subsidiaries of Entergy Corporation and Koch Industries Inc. Koch Industries Inc. is a Wichita, Kansas, firm that owns a diverse group of companies engaged in trading, investment and operations worldwide. Entergy (NYSE NYSE See: New York Stock Exchange :ETR ETR Estimated Time of Return/Repair ETR Early to Rise (health e-zine) ETR Effective Tax Rate Etr Etruscan (linguistics) ETR Eastern Test Range ETR Express Toll Route ) is a major global energy company with power production, distribution operations and related diversified services. Entergy owns, manages or invests in power plants generating more than 30,000 megawatts of electricity domestically and internationally, and delivers electricity to about 2.6 million customers in portions of Arkansas, Louisiana, Mississippi and Texas. Through Entergy-Koch, LP, it is a leading provider of wholesale energy marketing and trading services. |
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