House Democrats Tuesday slammed Republicans’ proposed budget cuts in the continuing resolution (CR) that could hamper the ability of the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) to regulate the $300 trillion derivative swaps market during the 2011 fiscal year (FY).
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LIHEAP Gets Greater Funding for FY 2011
A short-term continuing resolution (CR), which both houses of Congress were expected to vote out Tuesday, will provide additional funding to states for low-income energy customers.
Cabot, Pennsylvania Settle Gas Migration Lawsuit
Residents of Dimock Township in Susquehanna County, PA, whose drinking water supplies were contaminated by natural gas, are to receive a share of $4.1 million that Cabot Oil & Gas Corp. agreed to pay under a settlement negotiated with the state’s Department of Environmental Protection (DEP).
Regulators Approve Oklahoma Natural Gas Rate Increase
In granting a natural gas rate increase settlement for Oklahoma Natural Gas Co. (ONG), a division of ONEOK Inc., the Oklahoma Corporation Commission (OCC) early last week said the resolution provided a good balance between the need to ensure safe and reliable gas service and consumer concerns.
Regulators Approve Oklahoma Natural Gas Rate Increase
In granting a natural gas rate increase settlement for Oklahoma Natural Gas Co. (ONG), a division of ONEOK Inc., the Oklahoma Corporation Commission (OCC) on Monday said the resolution provided a good balance between the need to ensure safe and reliable gas service and consumer concerns.
Conference Report on FY 2010 Budget Resolution Passes
The House Wednesday passed a conference report on the $3.5 trillion budget resolution for fiscal year (FY) 2010 that preserves President Obama’s priorities for green and clean energy. But it makes no assumptions that existing tax incentives for oil and natural gas producers should be repealed to pay for the green initiatives. Still, producers are by no means out of the woods.
House Eyes Inserting Offshore Bill in Stopgap Funding Measure
House Republicans denounced a “discussion” draft of a continuing resolution (CR) that includes an energy bill (HR 6899) passed last week that would allow drilling as close as 50 miles off the Atlantic and Pacific coasts.
Transportation Notes
Transwestern said it would complete resolution of a force majeure event at Compressor Station 2 near Flagstaff, AZ (see Daily GPI, March 18) by Thursday evening and was accepting Timely cycle nominations for Friday’s gas day on its Thoreau/West system up to the normal capacity of 1,220,000 MMBtu/d.
Plea Agreement Ends Investigation of Energy Partners East Bay Field
New Orleans-based Energy Partners Ltd. (EPL) has reached a resolution in the federal investigation into possible environmental violations at its East Bay field in the Gulf of Mexico (GOM), it said on Friday.
Plea Agreement Ends Investigation of Energy Partners East Bay Field
New Orleans-based Energy Partners Ltd. (EPL) has reached a resolution in the federal investigation into possible environmental violations at its East Bay field in the Gulf of Mexico (GOM), it said on Friday.