Two of the most controversial initiatives contained in Bush administration energy task force report that will directly affect the North American natural gas and power industries call for drilling in the Arctic National Wildlife Refuge (ANWR) and giving the Federal Energy Regulatory Commission eminent domain authority over the siting of new transmission facilities.
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USEA Wants Energy Issues on Front Burner
A cross-section of U.S. energy representatives last weekpresented a laundry list of initiatives that they believe the WhiteHouse, Congress and regulators must actively pursue to build up thenation’s energy inventories, which they warn are at dangerously lowlevels.
CA Governor Signs Energy Bailout Bill
Following last week’s flurry of state initiatives and an energyroundtable among 10 western governors, California will be busysorting through the details full this week, including signinginitial long-term power contracts, which Gov. Gray Davis haspromised will begin to move the continuing “crisis” into thelonger-term “challenge” mode. In the interim retail direct-accesssales will be suspended among other provisions in the newlegislation.
Whose Idea Was An Auction Anyway?
While technical conference participants hotly debated FERC’snatural gas transportation initiatives last week, there appeared tobe some areas of agreement – starting with the need for more timeto argue.
Customers Guarded about Pipes’ Auction Initiatives
Shippers are reacting cautiously to the pipelines’auction-related proposals that would cap the reserve price – theminimum bid that pipes would accept – at the maximum lawful ratefor short-term capacity, and initiate seasonal ratemaking.
Preparing for New Global Warming Restrictions
Touting the strong position of natural gas in any newinitiatives to reduce global warming, former Sen. J. BennettJohnston urged support for an early action program to give creditfor companies taking early steps to reduce greenhouse gasemissions.