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With the resignations of two of the three CEOs whose companies were involved in the round-trip trades, attention has now moved to the third CEO, Steve Letbet-ter, chairman, president and CEO of Reliant Energy and its subsidiary, Reliant Resources.
Aquila has already responded to various requests by the Federal Energy Regulatory Commission (FERC) by stating that it did not engage in round-trip trades and that all its trades were conducted for legitimate business purposes.
NYSE:ILA) announced that it responded today to the Federal Energy Regulatory Commission (FERC) data requests on gas trading in the Western Systems Coordinating Council and Texas, and again confirms it has not conducted round-trip trades.