Deadline

Industry Briefs

Kinder Morgan Inc. and El Paso Corp. have received all regulatory approvals required to close their merger, which is scheduled for May 24. The deadline for El Paso shareholders and equity award holders to elect the form of consideration they wish to receive in the merger is 5 p.m. EDT May 23. The deal was announced last fall (see Daily GPI, Oct. 18, 2011) and received antitrust clearance with a condition that some assets be divested (see Daily GPI, April 20; March 19).

May 11, 2012

New York County Demands $81.3B For Lost Property Rights

Elected officials in Delaware County, NY, are demanding that the state and New York City pay $81.3 billion in reparations over 60 years for lost property rights, on the grounds that a proposal to ban hydraulic fracturing (fracking) in the city’s extended watershed would exclude 80% of the county’s land from Marcellus Shale drilling.

March 13, 2012

‘Considerable’ Work Needed on New York Fracking Rules

New York Department of Environmental Conservation (DEC) Commissioner Joe Martens said the agency plans to maintain current staff levels during the upcoming fiscal year because the budget doesn’t include funds to monitor new unconventional wells.

February 8, 2012

New York Comptroller: More Accident Protections Needed

New York State Comptroller Thomas DiNapoli is urging the Department of Environmental Conservation (DEC) to adopt his proposal for an industry-funded program that would help pay for possible damages attributed to development in the Marcellus Shale.

January 3, 2012

New York Told to Get Fracking on Deficit

One day after New York regulators announced they would extend the comment deadline on a proposed rulemaking on hydraulic fracturing (fracking), former Gov. George Pataki urged officials to move forward to develop the Empire State’s portion of the Marcellus Shale, calling it “the right thing to do.”

December 5, 2011

Industry Largely Backs New York Fracking Report

The natural gas industry said it was largely supportive of the New York Department of Environmental Conservation’s (DEC) final draft report on the environmental impacts of hydraulic fracturing (fracking).

September 9, 2011

New York Fracking Report: Shale a Job Creator

Tens of thousands of new jobs would be created in the Empire State if regulators decide to allow shale development, the New York Department of Environmental Conservation (DEC) reported in the final draft of its report on the environmental impacts of hydraulic fracturing (fracking) on Wednesday.

September 8, 2011

ICE Conforms Ahead of Dodd-Frank Deadline

Coming in under the implementation deadline of Dodd-Frank Wall Street Reform and Consumer Protection Act rules, IntercontinentalExchange (ICE), announced Friday that ICE Trust U.S., ICE’s North American credit default swap (CDS) clearing house, would have completed its transition to a Commodity Futures Trading Commission (CFTC)-regulated Derivatives Clearing Organization (DCO) and Securities and Exchange (SEC)-regulated Securities Clearing Agency (SCA) by Saturday, July 16 (see related story).

July 18, 2011

ICE Conforms to Regulated Clearing Ahead of Dodd-Frank Deadline

Coming in under the implementation deadline of Dodd-Frank Wall Street Reform and Consumer Protection Act rules, IntercontinentalExchange (ICE), announced Friday that ICE Trust U.S., ICE’s North American credit default swap (CDS) clearing house, will complete its transition to a Commodity Futures Trading Commission (CFTC)-regulated Derivatives Clearing Organization (DCO) and Securities and Exchange (SEC)-regulated Securities Clearing Agency (SCA) by Saturday, July 16.

July 18, 2011

Impact Fee Straining Pennsylvania Budget Talks

As Pennsylvania approaches a June 30 deadline for passing a state budget, its governor and lawmakers are debating whether or not to include a tax or fee on Marcellus Shale development in the fiscal document.

June 27, 2011