The odds aren’t in favor of Congress passing broad-based climate change legislation and forwarding it to President Obama this year, an official with ConocoPhillips said Thursday.
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Bush Signs Financial Bailout, Tax Credit Package
After the House redeemed itself in the eyes of many critics Friday by passing a revised $800 billion-plus package to rescue the financial and credits markets and extend tax credits for renewable energy and energy efficiency, as well as other expiring or expired corporate and personal tax credits, the bill was quickly signed into law by President Bush.
Bush Signs Financial Bailout, Tax Credit Package
After the House redeemed itself in the eyes of many critics Friday by passing a revised $800 billion-plus package to rescue the financial and credits markets and extend tax credits for renewable energy and energy efficiency, as well as other expiring or expired corporate and personal tax credits, the bill was quickly signed into law by President Bush.
Two More Industrials Adopting Energy Surcharges
Add two more industrial end-users to the list of companies passing high energy commodity prices on to customers in the form of surcharges. Kaiser Aluminum and packaging company Sonoco both said Monday they can no longer bear higher energy costs on their own.
Former BPA Administrator: Gas Reliance Will Raise Power Prices
The prospect of a new presidential administration and Congress passing a greenhouse gas (GHG) emissions law next year make it imperative that Northwest utilities sign new 20-year contracts with the federal Bonneville Power Administration (BPA) in order to lock in prices, said a former BPA chief administrator.
Former BPA Administrator: Gas Reliance Will Raise Power Prices
The prospect of a new presidential administration and Congress passing a greenhouse gas (GHG) emissions law next year make it imperative that Northwest utilities sign new 20-year contracts with the federal Bonneville Power Administration (BPA) in order to lock in prices, said a former BPA chief administrator.
CA Power Utility Sees Lower, Stable ’07 Natural Gas Costs
In passing up an authorized 6% rate hike for some of its customers to begin the new year, Southern California Edison Co. said its latest forecasts call for lower and stabilized wholesale natural gas costs, and that is the main driver in its assessment that its retail power rates will remain unchanged in 2007. Edison’s revenue/tariffs vice president, Akbar Jazayeri, outlined the utility’s assessment for Daily GPI in a brief interview Wednesday.
Star Power Doesn’t Help Hollywood’s Environmental Score
The UCLA Institute of the Environment’s 2006 “Southern California Environmental Report Card” assigned some barely passing grades to the entertainment industry on its environmental mitigation work.
Congress’ Inaction on Royalty-Sharing Bill Riles LA Governor
Louisiana Gov. Kathleen B. Blanco rapped Congress for leaving town without first passing Outer Continental Shelf (OCS) legislation that would give Gulf coastal states, including Louisiana, a bigger share of the royalties from leasing off their shores.
On-Time CA Budget Carries Added CPUC Funds; Less for CEC
Passing the first on-time state budget in six years, California Gov. Arnold Schwarzenegger at the start of this month signed a $131.4 billion fiscal year 2006-07 budget, including some increased special funding for the California Public Utilities Commission, but less for the other major energy agency, the California Energy Resources and Conservation Commission, commonly known as the state energy commission, or CEC.