Opts

With the exception of three energy-related tax provisions, House Ways and Means Committee Chairman Bill Thomas (R-CA) has decided to largely forego piggybacking a package of energy tax breaks and incentives to the House version of the corporate tax cut bill (HR 4520).

After much ballyhoo last year by El Paso Corp. about building six new liquefied natural gas (LNG) receiving terminals in North America, the company has decided that U.S. public sentiment would be too difficult to sway, and has dropped plans for its three proposed U.S. onshore sites. However, in its new-and-improved plan, El Paso is modifying three new LNG tankers that would convert the cargo offshore and deliver it through a subsea pipeline to U.S. markets along the Gulf, East and West Coasts.

If the Federal Energy Regulatory Commission opts to extend a California-type, market-based lid on real-time power prices throughout the western region, the plan could be operational a little more than a month after California’s market mitigation plan kicks in, FERC General Counsel Kevin Madden told NGI last week.

If the Federal Energy Regulatory Commission opts to extend a California-type, market-based lid on real-time power prices throughout the western region, the plan could be operational a little more than a month after California’s market mitigation plan kicks in, FERC General Counsel Kevin Madden told NGI.

Though they’ve been told again and again by state regulatoryofficials that a California crisis can’t happen in Texas, twoHouston lawmakers have filed legislation to expand the state’sauthority to limit electric deregulation, which begins on a pilotbasis in June. And in Oklahoma, legislators have decided topostpone deregulation for at least two years.

Though they’ve been told again and again by state regulatoryofficials that a California crisis can’t happen in Texas, twoHouston lawmakers filed legislation last week to expand the state’sauthority to limit electric deregulation, which begins on a pilotbasis in June. And in Oklahoma, legislators have decided topostpone deregulation for at least two years.

Aspect Resources LLC of Denver, CO abandoned its plans to cap a10,000-foot blown-out natural gas well in Anahuac, TX, yesterday,opting instead to install a flare to burn off the escaping gas.Crews had tried unsuccessfully through the day Wednesday and intothe early morning yesterday to cap the well, which has spewednatural gas since a blowout during drilling last Saturday.