In an attempt to lure foreign investment back to its shale natural gas plays following several high profile defections, the country’s finance minister said a severance tax on unconventional production will take effect in 2015 but no tax would be levied until 2020.
Articles from Defections
In an effort to prevent more defections by its membership, the U.S. Chamber of Commerce Tuesday defended and clarified its position on House climate change legislation (HR 2454).
Adding its name to the lengthy list of marketers that have exited Georgia’s retail gas market, Energy America, Centrica’s U.S. retail gas marketing subsidiary, said last week that it is calling it quits after struggling to build its customer base there last year and then being hit with a fine and other penalties last month by the Georgia Public Service Commission (PSC) for slamming.
While marketers continue to drop out of Georgia’s deregulated natural gas market five years after its inception, the state’s customer choice program remains remarkably competitive and rate competition and falling wholesale costs should lead to attractive winter pricing, according to the state public service commission.
One of the Gas Industry Standard Board’s (GISB) goals in thecoming year will be to drum up participation in the standardsorganization among local distribution companies, while 33 of GISB’s157 members are LDCs – making the industry segment the third mostheavily represented, behind pipelines and service providers – LDCinput into standards development could be greater, conceded GISBExecutive Director Rae McQuade.