Capitol Hill observers who had expected the electricderegulation legislation of Sens. Phil Gramm (R-TX) and CharlesSchumer (D-NY) to be more aggressive and comprehensive than otherbills languishing in the Senate weren’t disappointed last week.
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Aggressive Gramm-Schumer Electric Bill Unveiled
Capitol Hill observers who had expected the electricderegulation legislation of Sens. Phil Gramm (R-TX) and CharlesSchumer (D-NY) to be more aggressive and comprehensive than theother bills pending in the Senate weren’t disappointed yesterday.
Senate Bill Could Settle Royalty Valuation Dispute
Sens. Mary Landrieu (D-LA) and Don Nickles (R-OK) introducedlegislation last week designed to prevent the Department of theInterior’s Minerals Management Service from altering its oil andgas royalty valuations methodology in a way that could costproducers millions more in royalty payments. The proposedlegislation, titled the “Federal Royalty Certainty Act” (SB 924),is designed to give producers what they have been seeking for sometime: certainty about what they owe the government.
Coalbed Methane Producers Get More Federal Aid
While the congressional session enters its last month, Sens.Mike Enzi (R-WY), Craig Thomas (R-WY), Jeff Bingaman (D-NM) andRep. Barbara Cubin (R-WY) have made a late attempt to aid coalbedmethane producers and royalty owners whose leases have been throwninto “legal limbo” by a recent appellate court decision.Legislation introduced in both Houses of Congress would grandfatherany coalbed methane lease agreements in operation at the timelegislation is passed from the effects of the court ruling.