House

House Democrat Offers Energy Tax Plan

Rep. Robert Matsui (D-CA) last week introduced an energy tax bill as a companion to the comprehensive energy legislation that was unveiled by Senate Democrats earlier this year. The Energy Security and Tax Incentive Policy Act proposes a number of tax incentives and credits to spur the construction of new interstate electric and natural gas transmission facilities — notably an Alaska pipeline — and more gas distribution lines, as well as additional gathering to promote development in remote areas.

June 11, 2001

Energy Task Force Proposals to Be Ready in April

The White House energy task force plans to forwardrecommendations for a national energy policy to Capitol Hill inearly April, according to a top staff official for the task force.

February 28, 2001

After Florida: Diverse Energy Policies

While THE vote count continues and with little change dictatedby the elections in the energy leadership in the House and Senate,energy industry pundits were at leisure to explore energy policyscenarios under Democratic or Republican regimes and potentialcandidates to fill the top slots in either eventuality.

November 9, 2000

Dominion Unloads $948M in Commercial Loans

As part of its house cleaning following its merger withConsolidated Natural Gas, Dominion Resources announced Friday thatit has agreed to sell to GE Capital Commercial Finance $948 millionin commercial loans held by First Source Financial, a unit of itsDominion Capital subsidiary.

October 9, 2000

Nymex Opposes Bill Favoring Electronic Trades

Nymex Chairman Daniel Rappaport last week sent a letter to Rep.Larry Combest, Chairman of the House Committee on Agriculture,raising concern over a subsection of H.R. 4541, the “CommodityFutures Modernization Act of 2000,” which would exempt electronicenergy derivatives trading from regulatory oversight.

September 25, 2000

CA Seeks Clinton’s Aid in FERC Electric Probe

Political repercussions from California’s high-priced heat wavereached all the way to the White House last week as Gov. Gray Davisappealed to President Clinton to pressure the Federal EnergyRegulatory Commission to “accelerate its investigation of wholesaleenergy prices in California.”

August 14, 2000

Industry Briefs

The U.S. Senate amended the Department of the Interior’sappropriations bill to include a provision for a two million barrelheating oil reserve in the Northeast. The House already hasauthorized creation of a permanent reserve but has not appropriatedfunds. A conference committee now will merge the two measures. Lastweek, the president ordered the Department of Energy to establish atemporary home heating oil reserve in time for use this winter.This week, DOE plans to advertise for bids to fill that stockpile.It intends to sell oil from the Strategic Petroleum Reserve inLouisiana in exchange for heating oil and storage capacity in theNortheast.

July 20, 2000

Dingell Urges Major Review Of Office of Pipeline Safety

Rep. John Dingell of Michigan, the ranking Democrat on the HouseCommerce Committee, has called on Transportation Secretary RodneyE. Slater to undertake a “thorough review and restructuring” of thedepartment’s Office of Pipeline Safety (OPS) in the wake of a newreport that contends OPS officials have become too cozy with thepipelines that they are supposed to bee regulating.

June 26, 2000

Dingell Urges Major Review of OPS

Rep. John Dingell of Michigan, the ranking Democrat on the HouseCommerce Committee, has called on Transportation Secretary RodneyE. Slater to undertake a “thorough review and restructuring” of thedepartment’s Office of Pipeline Safety (OPS) in the wake of a newreport that contends the agency has become too cozy with thepipelines it is supposed to be regulating.

June 20, 2000

Bliley: FERC, DOE Reliability Efforts ‘Fall Short’

House Commerce Committee Chairman Thomas J. Bliley (R-VA) saysthat while the short-term fixes approved by FERC last week toprevent power outages this summer are laudable, he doubts they’llbe effective.

May 24, 2000