Meat

Texas lawmakers are not yet into the meat of their current legislative session, but the oil and gas industry appears to have dodged one bullet already, according to the president of the Texas Independent Producers and Royalty Owners Association (TIPRO). Still, it’s early, and lawmakers in budget-strapped Texas could very well look to the state’s oil and gas breadbasket to take up some of the slack.

Texas lawmakers are not yet into the meat of their current legislative session, but the oil and gas industry appears to have dodged one bullet already, according to the president of the Texas Independent Producers and Royalty Owners Association (TIPRO). Still, it’s early, and lawmakers in budget-strapped Texas could very well look to the state’s oil and gas breadbasket to take up some of the slack.

Rock icon Meat Loaf might have sang, “You’ll never drill for oil on a city street,” but that’s not stopping Chesapeake Energy Corp. from attempting to tap natural gas below the Dallas-Ft. Worth International Airport (DFW).

FERC this week will put some meat on the bones of an electric order it issued late last year proposing to revise all existing market-based rate tariffs and authorizations in order to prohibit anti-competitive behavior or the exercise of market power, FERC Chairman Pat Wood told reporters last Wednesday after appearing at a breakfast meeting sponsored by the Electric Power Supply Association (EPSA). The order has come under criticism from some quarters as being ambiguous and placing an open-ended refund condition on sellers of power.

The Federal Energy Regulatory Commission has been putting somemeat on the bones of its FERC First restructuring efforts,following up the announcement of a new director, with that of a newdeputy director of the merged Office of Markets, Tariffs and Rates(OMTR) and a new Office of Energy Projects (OEP).