PERSONNEL MOVES AND PROMOTIONS: CMS Energy unit executive steps down amid electricity trading controversy

05/27/2002
CMS Marketing, Services, & Trading (CMS-MST), the energy marketing and trading unit of Dearborn, Mich.-based CMS Energy Corp., reported that Tamela W. Pallas has resigned from her position as president and CEO of the unit.The announcement follows confirmed reports that CMS-MST engaged in so-called "round trip" electricity trades involving the simultaneous sales and purchases with the same counterparties at the same price.The CMS unit began the trading practice, which is legal, in May 2000 and ceased in mid-January. The transactions, CMS reported, did not result in any profit, loss, or cash flow for the company, but rather "had the effect of increasing trading volumes." Thirteen of the tra...
read-story

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.

 

Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected