Sentence examples for merchant unit from inspiring English sources
The state has asserted that the merchant unit then withheld gas shipments on the pipeline to cut supplies and drive up prices.
Under federal rules, El Paso must give everyone who wants to move gas on its United States interstate pipelines equal access and opportunity to bid for capacity, and cannot favor its merchant unit.
State officials are looking for evidence that either top executives ordered the merchant unit to buy the capacity and withhold gas supplies, or that officials of the two units conspired to do so.
Curtis Wagner, a Federal Energy Regulatory Commission chief judge, is investigating accusations that El Paso's merchant unit locked up more than a billion feet of capacity so that rivals could not use it to send gas to the state, then itself withheld supplies to lift prices.
Ralph Eads, an executive vice president of El Paso and president of its merchant energy group, previously testified that he and other merchant energy executives met with Mr. Wise to tell him about the merchant unit's plans to bid for the space against other competitors.
The rules also discourage or ban the pipeline and merchant units from sharing many types of information.
Mr. Wise did not want to hear too many details because of Federal Energy Regulatory Commission prohibitions against merchant gas units and pipeline units of the same company colluding on contracts, Mr. Eads said.
Investment banking revenue rose 83percentto to $300 million, helped by a $92 million gain as the merchant banking unit sold 6.5 million shares of Aéropostale.
The Texas buyout firm Hicks, Muse, Tate & Furst Inc. is teaming up with the merchant banking unit of the Bear Stearns Companies to buy the company.
Mrs. Blake, 32, is the vice president for strategy and business planning of the global merchant services unit at American Express in New York.
The Federal Energy Regulatory Commission permitted Judge Wagner to broaden the investigation to include whether the pipeline subsidiary showed favoritism in awarding the contract to the merchant energy unit.
