Corporation

Oklahoma Taxman: Horizontal Wells Don’t Need Incentive

Oklahoma Taxman: Horizontal Wells Don’t Need Incentive

An Oklahoma tax break for horizontal wells enacted in 2010 is depriving the Sooner State of revenue that could beef up its rainy day fund and should be reconsidered, the state’s secretary of finance and revenue said.

July 15, 2013

NERC Concerned on Reliability of Gas-Dependent Power System

The North American Electric Reliability Corporation (NERC) last Wednesday released an assessment in which it raised serious concerns about the ability of an increasingly natural gas-dependent bulk power system to maintain reliability when the capacity to deliver gas supplies to generators is constrained.

May 27, 2013

NERC Raises Concerns on Reliability Risks to Gas-Dependent Power System

The North American Electric Reliability Corporation (NERC) Wednesday released a follow-up assessment in which it raised concerns about the ability of an increasingly natural gas-dependent bulk power system to maintain reliability when the capacity to deliver gas supplies to generators is constrained.

May 23, 2013

Rendell, Newspaper Criticized for Not Disclosing Industry Ties

ProPublica, a nonprofit corporation that pursues investigative journalism on matters of public interest, is criticizing former Pennsylvania Gov. Ed Rendell and the New York Daily News for failing to disclose Rendell’s ties to natural gas-related businesses in a pro-industry editorial.

April 2, 2013
Linn Energy Acquiring Berry Petroleum in $4.3B Deal

Linn Energy Acquiring Berry Petroleum in $4.3B Deal

Linn Energy LLC and LinnCo LLC are acquiring Berry Petroleum Co. for $4.3 billion, including debt, in a transaction said to be the first-ever acquisition of a C-corporation by an upstream limited liability company (LLC) or master limited partnership (MLP).

February 22, 2013

People

The Arizona Corporation Commission (ACC) added two newly elected members and one re-elected member Monday. Bob Stump, the recently re-elected member, was voted by his colleagues as the ACC’s new chairman. He is joined by new member Bob Burns and Susan Bitter Smith, along with returning members, Gary Pierce and Brenda Burns. Pierce just completed two years as the regulatory panel’s chair. Stump serves on the board of the National Association of Regulatory Utility Commissioners. On Friday, the ACC also named a new executive director, Jodi Jerich, who comes to the commission from a three-year stint as head of the Arizona Residential Utility Consumer Office. Jerich formerly served as policy advisor to ACC commissioner Mike Gleason.

January 9, 2013

ExxonMobil, Chevron Shareholders Reject Fracking Resolutions Again

ExxonMobil Corp. shareholders for the third year in a row turned back a shareholder proposal which would require the corporation to prepare a report on the risks associated with hydraulic fracturing (fracking). Chevron Corp. shareholders defeated a similar measure at their annual meeting, with fewer voting in favor than a year ago.

May 31, 2012

Bill Would Empower Kansas Regulators on Fracking

A bill advancing through the Kansas Legislature would amend existing regulatory law and give the Kansas Corporation Commission (KCC) explicit authority over hydraulic fracturing (fracking).

March 12, 2012

Transmission Project Gets Oklahoma Regulators’ Nod

The three-member Oklahoma Corporation Commission (OCC) on Friday gave public utility status for a regional $3.5 billion natural gas and wind power-related transmission project, calling it a means of making the oil/gas-dominated state a “literal powerhouse” for other states. Oklahoma’s action is just a very preliminary step for a project that has yet to outline its multi-state route eastward to Tennessee.

October 31, 2011

AES to Acquire DPL for $3.5B

AES Corporation announced Wednesday that it plans to acquire DPL Inc. in a $3.5 billion stock deal as it looks to strengthen its regional holdings.

April 21, 2011
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