Regulatory

Renewed Effort for Oil/NatGas Severance Tax in California

A former hedge fund billionaire and environmental activist is attempting to stir new life into a so-far failed state legislative and ballot initiative effort to impose a severance tax on oil and natural gas production in California, the only fossil fuel-producing state without some sort of production tax. Read More

Obama Taps DC Lawyer to Succeed CFTC's Chilton

President Obama has tapped Sharon Y. Bowen, a partner with the Washington, DC, law firm of Latham & Watkins LLP, to succeed Commissioner Bart Chilton at the Commodity Futures Trading Commission (CFTC). Read More

Sawgrass Bows to Shale Flood, Shelves Louisiana Storage Project

In a tacit acknowledgement that the prolific Marcellus Shale has significantly lessoned the need for natural gas storage in the Gulf region, Sawgrass Storage LLC has asked FERC to vacate a previously issued certificate to convert a depleted natural gas reservoir in northern Louisiana to an interstate gas storage facility. Read More

FERC Rejects Gulf South Plea to Abandon 25% of its System

FERC on Thursday agreed with protesting shippers and soundly rejected a proposal by Gulf South Pipeline Co. LP to abandon nearly 2,000 miles, or about 25%, of its 7,241-mile system, selling pipeline segments and auxiliary facilities in Texas, Louisiana and Mississippi to affiliated non-jurisdictional intrastates. Read More

'Ghosts of FERC Past' Recall How They Shaped the Gas, Power Markets

At FERC's 1,000th meeting Thursday, former commissioners who had a major hand in opening both the natural gas and electricity markets to competition, reminisced about how the agency has evolved from a relatively obscure regulator to one that is at the center of domestic energy delivery. Read More