Chronicle energy wrap-up 12/21

A rundown of some of the energy stories in today’s Houston Chronicle.
LyondellBasell era begins: Dutch chemical and plastics maker Basell completed its acquisition of Houston’s Lyondell Chemical Co. on Thursday, but the hard work has only just begun.
Chance to intervene on new South Texas nukes: (item is at the bottom) The Nuclear Regulatory Commission will soon open a 60-day window for parties to intervene in its review of a license application to add two reactors to the South Texas Project plant near Bay City.
CenterPoint will appeal ruling: CenterPoint Energy said a state Court of Appeals in Austin reversed some of a district court’s ruling involving $3.7 billion in “true-up” payments the company is seeking related to deregulation of Texas’ electric markets.
Defendants in Enron-barge case hoping to reach settlement: Three former Merrill Lynch & Co. executives scheduled to be tried a second time on charges of participating in an alleged sham deal with Enron want a judge to postpone the January trial so they can resume efforts to settle the matter.
And, breaking just this morning, Acquisition-minded Linn buys oil and gas rights: Linn Energy, the Houston-based energy company that doubled its reserves this year by the purchase of Dominion Resources Inc.’s gas deposits, will buy unspecified oil and gas assets from Lamamco Drilling Co. for $552 million.
Loren Steffy take on “the dark side” of the new energy law: “I want to believe.”
The Chron’s editorial board on the new law: “The bill contains several beneficial measures, but does not begin to take the drastic actions required to avoid an energy crunch and combat global warming.”

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