An analysis conducted by Ernst & Young LLP (EY) on behalf of a trade group representing top executives from Ohio’s leading businesses has concluded that a proposed severance tax increase would leave its effective rate the lowest among the nation’s leading oil and gas producing states.
Articles from Proposals
The Natural Gas Supply Association (NGSA) urged FERC to quickly approve a proposal by ISO New England Inc. (ISO-NE) to implement a “pay for performance” (PFP) system that would compensate power generators in the region when they exceed their obligations during periods of system stress.
After nearly three years of working to update aspects of the state’s oil and gas regulations, the Pennsylvania Department of Environmental Protection (DEP) has taken what it’s calling an “unprecedented” step to extend the public comment period on several proposals for another 30 days.
The second of several legislative hearings scheduled for the coming weeks on a modest increase in Ohio’s oil and gas severance tax was well received by members of Ohio’s House and Ways Committee, who heard from supporters of the proposal on Wednesday.
Duke Energy Floridaplans to issue on Oct. 8 a request for proposals (RFP) to supply 1,640 megawatts of generating capacity beginning in 2018. Proposals will compete with Duke Energy’s self-build option consisting of a highly-efficient, combined-cycle, natural gas unit to be located in Citrus County FL. “We have a need for significant generating capacity in 2018 and through the RFP process, we will be able to identify the most cost-effective, safe and reliable generation source for our customers,” said Alex Glenn, Duke Energy state president for Florida. Information on the RFP is available atwww.duke-energy.com/floridarfp. An RFP pre-release meeting is planned for Oct. 2, and a meeting for interested bidders will be held on Oct. 18.
Elected officials in Fort Collins, CO, 60 miles north of Denver, on Tuesday rejected two proposals to extend the city’s oil/natural gas drilling moratorium, which is set to expire at the end of July. The measures were defeated on 4-3 votes of the seven-member city council.
The leading California state lawmakers bird-dogging proposals to stiffen the state’s oversight of hydraulic fracturing (fracking) brought a new issue to the table — acidization to unlock Monterey Shale oil deposits — during a state Senate Natural Resources and Water Committee hearing last month in Sacramento .
All but one of the proposals to address hydraulic fracturing (fracking), including all of those seeking moratoriums on the well stimulation practice, have bitten the dust in the California legislature. The lone bill standing (SB 4) is still awaiting committee referral in the lower house Assembly (see Shale Daily, June 3).
For the fourth year in a row, ExxonMobil Corp. and Chevron Corp. investors soundly defeated proposals calling for more disclosures regarding shale extraction operations.
A Harris Interactive poll found that most registered voters in Ohio are opposed to higher severance taxes on oil and natural gas, believing such increases would destroy job creation and harm the economy.