In a move that surprised many on Capitol Hill, Senate Republican and Democratic leaders reached a consent deal late Thursday to attach the 10-year, $13 billion energy tax package to a corporate tax cut measure before leaving for their spring recess.
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Articles from Leaders
Industry Sets Task Force to Bolster Current Price Reporting
An industry group chaired by leaders of the Committee of Chief Risk Officers (CCRO) last Tuesday set up a task force to improve voluntary industry reporting of natural gas price information to publications that publish price indexes, and to establish better communications with FERC to ward off mandatory price reporting threatened by the Commission.
Industry Sets Task Force to Bolster Current Price Reporting
An industry group chaired by leaders of the Committee of Chief Risk Officers Tuesday set up a task force to improve voluntary industry reporting of natural gas price information to publications that publish price indexes, and to establish better communications with FERC to ward off mandatory price reporting threatened by the Commission.
Global LNG Market to Rival Oil Market
Major integrated oil company leaders and energy ministers from 25 natural gas producing countries around the globe converged on Washington last week for an OPEC-like summit to promote cooperation in a worldwide LNG market predicted to rival the oil market. The United States will be the dominant consumer.
Capitol Hill Leaders Promise Bush an Energy Bill on His Desk by Mid-October
House and Senate negotiators made some progress last week on broad energy legislation — mostly on issues unrelated to crude oil and natural gas — but they had their work interrupted for two days by the arrival of Hurricane Isabel. Negotiators met with President Bush before leaving town ahead of the storm, and assured him an energy bill would be on his desk by mid-October.
Senate Energy Committee Leaders Vow Quick Approval of Kelly, Kelliher
The Senate Energy and Natural Resources Committee whipped through a fast-paced hearing last Tuesday on the nomination of New Mexico’s Suedeen Kelly for commissioner of the Federal Energy Regulatory Commission, with both the chairman and ranking minority member vowing to rush through Kelly’s confirmation, along with that of Joseph T. Kelliher, whose nomination has been stalled in the Senate.
Senate Energy Committee Leaders Vow Quick Approval of Kelly, Kelliher
Chairman Pete Domenici, R-NM, worried that FERC is down to three commissioners, one of which is “serving on borrowed time.” Commissioner William Massey’s term has expired and he may only continue to serve while the current Congress is in session. When Congress adjourns, the normally five-member commission would be without a quorum. Domenici raised the specter of “a disabled FERC,” which in view of the August blackout is not acceptable.
Group Labels Greenspan’s LNG Support ‘Wrong’
A group of western business leaders said Friday that it disagrees with Federal Reserve Chairman Alan Greenspan’s encouragement of increased foreign LNG shipments as a means of improving domestic gas supply. The Western Business Roundtable said the answer does not lie in foreign imports.
Group Labels Greenspan’s LNG Support ‘Wrong’
A group of western business leaders said Friday that it disagrees with Federal Reserve Chairman Alan Greenspan’s encouragement of increased foreign LNG shipments as a means of improving domestic gas supply. The Western Business Roundtable, which consists of CEOs and senior executives of corporations doing business in the Western United States, said the answer does not lie in foreign imports.
CA Officials Not Expecting Favorable FERC Decision; Eye Courts for Relief
California state leaders are “not overly optimistic” they will get the $9 billion in refunds on high-priced power they claim Californians are owed when the Federal Energy Regulatory Commission rules Wednesday, so they’re prepared to carry the fight to the 9th Circuit Court of Appeal.