Adopted

Using Wyoming’s approach as a model, a rarely convened panel in Idaho Tuesday adopted some temporary rules for hydraulic fracturing (fracking) for natural gas. The state’s Oil and Gas Conservation Commission, consisting of Idaho’s five statewide elected officials, including its governor, unanimously took its action that was prompted by natural gas drilling in a single county, Payette.

The Commodity Futures Trading Commission (CFTC) last Thursday adopted a proposal to carry out the orderly liquidation of a swap transaction if one of the parties has defaulted, and a proposed rulemaking that subjects agricultural swaps and commodity option transactions to the same rules that apply to all other swaps.

The Commodity Futures Trading Commission (CFTC) adopted a proposal to carry out the orderly liquidation of a swap transaction if one of the parties has defaulted, and a proposed rulemaking that subjects agricultural swaps and commodity option transactions to the same rules that apply to all other swaps.

Trans Energy Inc. has begun drilling the Lucey #1H well, its seventh horizontal Marcellus Shale well in Marshall County, WV, the company said. The drilling of the Keaton #1H well, which was begun by the independent exploration and production company in November (see Shale Daily, Nov. 23, 2010), has been completed. St. Marys, WV-based Trans Energy said it completed the 11-stage hydraulic fracture (frack) of Stout #2H in Marshall County last week and this week will begin the process of drilling out the frack plugs; fracking is scheduled in March for Keaton #1H and in February for Groves #1H, the company said. Trans Energy is moving to a development phase from an exploration phase as it develops its acreage position in northern West Virginia.

The Financial Stability Oversight Council Tuesday adopted an advanced notice of proposed rulemaking (ANOPR) seeking to designate financial market utilities (FMU), including certain clearinghouses, as systemically important.

The Financial Stability Oversight Council last Tuesday adopted an advanced notice of proposed rulemaking (ANOPR) seeking to designate financial market utilities (FMU), including certain clearinghouses, as systemically important.

Social media that consumers seem to have adopted faster than they originally took to other electronic communications staples — Facebook, Twitter, Blogs and YouTube — were added to Xcel Energy’s utility tool kit as the utility holding company publicly launched its own social media platform Thursday.

The California Public Utilities Commission (CPUC) last Thursday adopted a new framework for major investor-owned utilities’ (IOU) gas hedging programs, including the adoption of a settlement involving Pacific Gas and Electric Co. (PG&E).

The California Public Utilities Commission (CPUC) on Thursday adopted a new framework for major investor-owned utilities’ (IOU) gas hedging programs, including the adoption of a settlement involving Pacific Gas and Electric Co. (PG&E).