With bipartisan and administration support, the legislationcrafted by the Wyoming Congressional delegation last week to givecoalbed methane leaseholders and production companies some relieffrom a recent appellate court decision won rapid and unanimousapproval by the Senate Energy Committee on Wednesday. The bill isexpected to be taken up by the full Senate at any time, and thebill’s language is expected to also become part of a manager’samendment to the Interior Department’s appropriations bill, whichmust be approved before the end of the session next month.
Articles from Congressional
Congressional proponents of royalty in-kind legislation, whichwould force the government to assume the cost of transporting andmarketing its royalty portion of oil and gas production, aredrawing large sums of political action committee donations, softmoney and individual contributions from the oil and gas industry.
The congressional debate over electricity restructuring so farhas focused on whether its should be done as comprehensivelegislation or as piecemeal reform of the Public Utility HoldingCompany Act (PUHCA), but a third option may be tossed into the fraysoon.