MPLX LP, the pipelines and storage subsidiary of Marathon Petroleum Corporation, has filed plans to list its common units on the New York Stock Exchange, worth an expected $365 million, according to SEC documents. More »
Pacific Gas & Electric Co. on Monday proposed raising utility customers’ bills by as much as $12 per month to upgrade its gas and electricity systems, as more questions surfaced about the company’s oversight of its gas lines in the wake of the deadly San Bruno explosion. More »
Chesapeake Energy Corp. (CHK) made $5.5 billion in pretax profits since its founding more than two decades ago. So far, the second-largest U.S. natural-gas producer has paid income taxes on almost none of it. More »
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