Implement

A recent request to FERC by Rockies Express Pipeline LLC (REX) for an extension of time to implement portions of its Capacity Release Standards should not be permitted due to “the broad effect such a delayed implementation would have on the natural gas industry,” according to a quintet of shippers.

Chesapeake Energy Corp. shareholders earlier this month reelected the board of directors, but rejected separate proposals to implement proxy access, reincorporate in Delaware and declassify the board, the last of which would have made it easier to replace the entire board in one fell swoop.

Chesapeake Energy Corp. shareholders reelected the company’s board of directors, but rejected separate proposals to implement proxy access, reincorporate in Delaware and declassify the board, the last of which would have made it easier to replace the entire board in one fell swoop.

The Pennsylvania Public Utility Commission approved petitions of Peoples Natural Gas Co. and Peoples TWP to implement long-term infrastructure improvement plans (LTIIP) in addition to a distribution system improvement charge. Peoples is to replace an average of 47 miles of pipeline per year during the five-year period of the LTIIP. Peoples plans to spend between $55 million and $71 million per year on pipeline, meter and service replacement over the five-year period. Peoples TWP is to replace an average of 28 miles of pipeline per year during the five-year period. Peoples TWP anticipates spending a minimum of $9.1 million per year over the five-year plan.

The House Natural Resources Committee Wednesday voted out legislation to approve and implement the terms of the U.S.-Mexico transboundary hydrocarbons agreement that governs the development of shared oil and gas resources along the countries’ maritime boundary in the Gulf of Mexico (GOM).

New Jersey Natural Gas (NJNG) Tuesday received approval from the New Jersey Board of Public Utilities (BPU) to implement its Safety Acceleration and Facility Enhancement (SAFE) program, which will replace 276 miles, or about 50%, of the cast iron and unprotected steel mains and associated services in its delivery system over the next four years.

The Commodity Futures Trading Commission (CFTC) Tuesday approved a final rule that amends certain existing regulations to implement aspects of the Dodd-Frank Wall Street Reform Act. Specifically, the CFTC amended certain definitions and recordkeeping regulations so that they apply to both futures and over-the-counter swaps. As an example, futures commission merchants and introducing brokers now will be required to follow recordkeeping rules for swap transactions that are the same that they presently follow for futures transactions. The final rule is to become effective 60 days after publication in the Federal Register.

Singling out natural gas as an economic engine for the nation, President Obama Friday signed an executive order establishing a high-level, interagency task force to support and oversee the development of unconventional natural gas resources and associated infrastructure.

President Obama has proposed a 50% increase in the fiscal year (FY) 2013 budget for the Commodity Futures Trading Commission (CFTC) to fully implement the regulatory reforms under the Dodd-Frank Wall Street Reform Act.