The Commodity Futures Trading Commission’s (CFTC) Division of Market Oversight (DMO) Friday issued no-action relief for end-users from certain reporting and recordkeeping requirements under the Dodd-Frank law. The requirements were to go into effect on Wednesday.
Friday
Articles from Friday
Resolute Rethinks Permian Plan, Production Outlook
Resolute Energy Corp. said Friday it plans to run with the Wolfcamp pack this year and increase net production by more than 50% over the 2012 level, reflecting, in part, recent acquisitions in Midland and Ector counties, TX.
Court: FERC Lacks Jurisdiction in Futures Markets
A federal appeals court in Washington, DC, Friday granted the plea of a former natural gas trader for failed hedge fund Amaranth Advisors LLC to overturn an agency order imposing a $30 million penalty for allegedly manipulating natural gas futures.
Krancer Quits Pennsylvania DEP; Interim Chief Slammed
Pennsylvania Gov. Tom Corbett announced Friday that Michael Krancer, secretary of the state Department of Environmental Protection (DEP), will step down on April 15 and return to practice law in Philadelphia. But the decision to replace him on an interim basis with the governor’s deputy chief of staff is being derided by Krancer’s predecessor, John Hanger.
Interior Finalizes Western Oil Shale Proposal
Secretary of the Interior Ken Salazar on Friday announced the department’s final plan for encouraging research, development and demonstration (RD&D) of oil shale and tar sands resources on more than 800,000 acres of Bureau of Land Management (BLM) lands in three western states.
PA DEP Chief Krancer Quits; Interim Replacement Criticized
Pennsylvania Gov. Tom Corbett announced Friday that Michael Krancer, secretary of the state Department of Environmental Protection (DEP), will step down on April 15 and return to practice law in Philadelphia. But the decision to replace him on an interim basis with the governor’s deputy chief of staff is being derided by Krancer’s predecessor, John Hanger.
National Grid Digs In On Brooklyn/Queens Interconnect Pipe Project
Shoring up its infrastructure reliability in the New York City boroughs of Brooklyn and Queens while also courting new customers, National Grid said Friday it will begin construction of the Brooklyn/Queens Interconnect project this week, which will be the first pipeline to be installed in the area in 50 years.
Xcel to Increase Colorado NatGas Generation, Charges
Minneapolis-based Xcel Energy Inc. on Friday filed with Colorado regulators plans to raise retail natural gas utility rates while keeping retail electricity charges basically flat. Xcel’s combination Public Service Company of Colorado asked to make the rate changes effective April 1.
Obama Outlines $2B Plan for Clean Vehicle Research
President Obama called on Congress Friday to earmark $2 billion over the next decade to support advanced research into clean-energy vehicles that run on domestically produced natural gas, electricity and homegrown biofuels.
Court: FERC Lacks Jurisdiction in Futures Markets
A federal appeals court in Washington, DC, Friday granted the plea of a former natural gas trader for failed hedge fund Amaranth Advisors LLC to overturn an FERC order imposing a $30 million penalty for allegedly manipulating natural gas futures.