Restrictions

A controversial energy policy reform bill — the Energy Policy Reform and Revitalization Act of 2007 (HR 2337), which would impose new restrictions on oil and natural gas producers and pipelines while repealing benefits that were offered to the energy industry in the Energy Policy Act of 2005 (EPAct) — will result in new discretionary spending of $2.6 billion over the 2008-2012 period, according to the Congressional Budget Office (CBO).

A controversial energy policy reform bill — the Energy Policy Reform and Revitalization Act of 2007 (HR 2337), which would impose new restrictions on oil and natural gas producers and pipelines while repealing benefits that were offered to the energy industry in the Energy Policy Act of 2005 (EPAct) — will result in new discretionary spending of $2.6 billion over the 2008-2012 period, according to the Congressional Budget Office (CBO).

A Washington Post editorial last Tuesday called on U.S. lawmakers to loosen some of the restrictions on oil and natural gas exploration and drilling in offshore regions that have been off limits to producers for years.

A Washington Post editorial Tuesday called on U.S. lawmakers to loosen some of the restrictions on oil and natural gas exploration and drilling in offshore regions that have been off limits to producers for years.

Due to high linepack and unavailability of the Unionville storage facility, MRT will implement a System Protection Warning at the start of Tuesday’s gas day. These restrictions will be in effect until further notice: MRT will not schedule any volumes that result in a daily long imbalance position; it will not accept any makeup of short positions; and it will not schedule nor allocate storage injection volumes (including No-Notice).

ANR said Thursday morning it had completed engine repairs at Sandwich Compressor Station and would lift the associated capacity restrictions for the next available nominations cycle.

ANR Pipeline said an unforeseen engine outage at its Patterson compressor station will lead to restrictions in the Southeast Gathering Area. Patterson to Eunice delivery capacity will be reduced to 650,000 Dth/d through Friday. Based on current nominations ANR said it anticipates that the reductions will result in the curtailment firm secondary and interruptible nominations.

Texas Eastern will take the Joaquin (TX) Compressor Station out of service May 23-25 for an unplanned outage that will require an unspecified amount of receipt restrictions between Joaquin and the Longview Compressor Station in East Texas.

The removal of investment restrictions when the Public Utility Holding Company Act of 1935 (PUHCA) is officially repealed in February must not “become a new impetus or justification for continuing the era of adversarial relationships between the utility sector and state or federal regulators,” David Sokol, chairman of MidAmerican Energy Holdings Co., said last Tuesday. “It absolutely is past time for all of us to work together to meet tomorrow’s challenges in this sector.”