Gov. Mike Beebe has signed legislation, passed by the Arkansas General Assembly during a special legislative session last week, that will increase the state’s severance tax rate on natural gas beginning Jan. 1, 2009.
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Arkansas Adopts 5% Natural Gas Severance Tax
Gov. Mike Beebe has signed legislation, passed by the Arkansas General Assembly during a special legislative session this week, that will increase the state’s severance tax rate on natural gas beginning Jan. 1, 2009.
Arkansas Legislators to Consider Severance Tax Increase
Gov. Mike Beebe has called the Arkansas General Assembly into a special legislative session to consider his proposal to increase the state’s severance tax to help pay for an ongoing roads program. The proposed increase could raise an estimated $57 million next year and reach the $100 million mark by 2013 without increasing natural gas rates for residential customers, Beebe said.
Arkansas Legislators to Consider Severance Tax Increase
Gov. Mike Beebe has called the Arkansas General Assembly into a special legislative session to consider his proposal to increase the state’s severance tax to help pay for an ongoing roads program. The proposed increase could raise an estimated $57 million next year and reach the $100 million mark by 2013 without increasing natural gas rates for residential customers, Beebe said.
Arkansas Governor: Industry Agrees to Severance Tax Increase
Representatives of the natural gas industry have agreed to an increase in Arkansas’ severance tax to help pay for an ongoing state roads program, Gov. Mike Beebe said last Tuesday.
Arkansas Governor: Industry Agrees to Severance Tax Increase
Representatives of the natural gas industry have agreed to an increase in Arkansas’ severance tax to help pay for an ongoing state roads program, Gov. Mike Beebe said Tuesday.
House Proposal Would Open Continental Shelf, Arctic Areas
Legislation proposed by Rep. Mike Ross (D-AR) would promote American energy independence by opening both the Outer Continental Shelf (OCS) and the Arctic National Wildlife Refuge (ANWR) to oil and natural gas production and would create tax credits for the development of nuclear plants.
House Proposal Would Open Continental Shelf, Arctic Areas
Legislation proposed by Rep. Mike Ross (D-AR) would promote American energy independence by opening both the Outer Continental Shelf (OCS) and the Arctic National Wildlife Refuge (ANWR) to oil and natural gas production and would create tax credits for the development of nuclear plants.
AEP Chief Sees ‘Huge Chill’ on M&A
In the wake of the scuttled merger between Exelon Corp. and Public Service Enterprise Group (PSEG), Mike Morris, CEO of American Electric Power (AEP), thinks a “huge chill” has been put on mergers and acquisition (M&A) activity in the utility sector.
Michigan AG Would Cut Consumers Energy Rate Increase
Michigan Attorney General Mike Cox announced Tuesday he has filed testimony with state regulators prepared by three expert witnesses who together recommend cutting $68.7 million from a $132.4 million natural gas rate increase proposed by Consumers Energy Co.