Postpone

Three energy groups have called on the Commodity Futures Trading Commission (CFTC) to postpone the Oct. 12 date for nonswap dealers and nonmajor swap participants to comply with Title VII of Dodd-Frank Wall Street Reform Act by a minimum of a year (see NGI, Sept. 17).

Three energy groups have called on the Commodity Futures Trading Commission (CFTC) to postpone the Oct. 12 date for nonswap dealers and nonmajor swap participants to comply with Title VII of Dodd-Frank Wall Street Reform Act by a minimum of a year (see Daily GPI, Sept. 11a; July 3).

Physical gas prices rose about 4 cents overall Monday due to a combination of short-term outages, imbalances and a tendency to postpone purchases until Monday. Eastern points rose in nonuniform fashion, and California locations posted gains as operational issues surfaced at major entry points in the southern portions of the state. At the close of futures trading June had fallen 7.8 cents to $2.431 and July had shed 8.4 cents to $2.505. June crude oil dropped $1.35 to $94.78/bbl.

The Pennsylvania Public Utility Commission (PUC) is skeptical of information pipeline operators have submitted to comply with a new state registry, the chairman of the agency told a Pittsburgh audience Friday.

Legal challenges and other obstacles have caused California to postpone for one year the implementation of its proposed carbon emissions cap-and-trade program, which was scheduled to start Jan. 1. Although still “on track” to begin next year, it has been put off until 2013, the regulator responsible for implementing the 2006 climate change law (AB32) told a state Senate committee last Wednesday.

Legal challenges and other obstacles have caused California to postpone for one year the implementation of its proposed carbon emissions cap-and-trade program, which was scheduled to start Jan. 1. Although still “on track” to begin next year, it has been put off until 2013, the regulator responsible for implementing the 2006 climate change law (AB32) told a state Senate committee Wednesday.

The House Financial Services Committee Tuesday voted out amended legislation that would postpone implementation of Section 7 of the Dodd-Frank Wall Street Reform Act to October 2012.

The Senate Democrat leadership’s decision Tuesday to postpone action on the oil spill bill until after the August recess was a “good one,” said the head of the American Petroleum Institute (API).

BP plc, the largest acreage holder in the deepwater Gulf of Mexico (GOM), will postpone some of its big projects offshore to concentrate on completing the long-delayed Thunder Horse and Atlantis subsea structures.