Senators

In light of growing concerns about the impact of speculation in energy markets, senators have offered a flurry of measures that would extend the regulatory arm of the Commodity Futures Trading Commission (CFTC), as well as immediately increase its funding.

Four senators whose states have been proposed as sites for controversial liquefied natural gas (LNG) projects introduced legislation last Monday to repeal a provision in the Energy Policy Act of 2005 (EPAct) that gave FERC exclusive authority to site onshore LNG terminals.

Four senators whose states have been proposed as sites for controversial liquefied natural gas (LNG) projects introduced legislation Monday to repeal a provision in the Energy Policy Act of 2005 (EPAct) that gave FERC exclusive authority to site onshore LNG terminals.

Two Montana senators met with BP officials last Monday to express their opposition to the energy company’s plan to drill for coalbed methane (CBM) on the Canadian side of the Flathead River basin, saying the wastewater from the activity would pollute Montana water.

Two Montana senators met with BP officials Monday to express their opposition to the energy company’s plan to drill for coalbed methane (CBM) on the Canadian side of the Flathead River basin, saying the wastewater from the activity would pollute Montana water.

Sen. Carl Levin (D-MI) last Monday said he and several other senators are drafting legislation to be debated in the fall that would subject unregulated electronic energy trading platforms, such as Atlanta-based IntercontinentalExchange (ICE), to the oversight of the Commodity Futures Trading Commission (CFTC). The CFTC also announced that it will hold a September hearing to review its level of regulation in energy markets.

Sen. Carl Levin (D-MI) Monday said he and several other senators are drafting legislation to be debated in the fall that would subject all currently unregulated electronic energy trading platforms, such as Atlanta-based IntercontinentalExchange (ICE), to the oversight of the Commodity Futures Trading Commission (CFTC).

Three Republican senators — all from the South — will join the Senate Energy and Natural Resources Committee in the 110th Congress, which gets under way in early January.

Three Republican senators — all from the South — will be joining the Senate Energy and Natural Resources Committee in the 110th Congress, which gets under way in early January.