Entergy-Koch Trading, LP Will Respond to CFTC Subpoena.Energy Editors/Business Editors HOUSTON--(BUSINESS WIRE)--April 8, 2003 Entergy-Koch Trading, LP announced today that it received a subpoena subpoena (səpē`nə) [Lat.,=under penalty], in law, an order to a witness to appear before a court. A subpoena ad testificandum [Lat. from the Commodity Futures Trading Commission The Commodity Futures Trading Commission (CFTC), the federal regulatory agency for futures trading, was established by the Commodity Futures Trading Commission Act of 1974 (88 Stat. 1389; 7 U.S.C.A. 4a), approved October 23, 1974. seeking information on its gas and power trading activities. Entergy-Koch Trading, which is conducting a review of 2000 and 2001 trading activities in response to a March 26, 2003 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. Staff Report, indicated it will respond to the CFTC CFTC See: Commodity Futures Trading Commission CFTC See Commodity Futures Trading Commission (CFTC). inquiry in a timely manner. 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 North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , trading natural gas, power, weather risk management, and other energy related products. EKT is a wholly-owned subsidiary of Entergy-Koch, LP, which is a joint venture between subsidiaries of Entergy Corporation and Koch Energy, Inc. Entergy Corporation is an integrated energy company engaged primarily in electric power production, retail distribution operations, energy marketing and trading, and gas transportation. Entergy owns and operates power plants with about 30,000 megawatts of electric generating capacity, and it is the second-largest nuclear generator in the United States. Entergy delivers electricity to 2.6 million utility customers in Arkansas, Louisiana, Mississippi, and Texas. Through Entergy-Koch, LP, it is also a leading provider of wholesale energy marketing and trading services, as well as an operator of natural gas pipeline and storage facilities. Entergy has annual revenues of over $8 billion and more than 15,000 employees. |
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