President Bush last Tuesday signed a $630 billion stopgap funding measure that ended the decades-old moratorium on offshore oil and natural gas drilling and one-year ban on oil shale development in the Intermountain West. Surprisingly there was little reaction from producers, who have long sought expanded offshore access, due largely to the fact the upheaval in the financial markets has overtaken events Producers also realize that, given that there will be a changing of the guard at the White House and possibly in Congress, the removal of the bans could be short term.
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House Panel Votes Out CA Energy Bill
The House Energy and Commerce subcommittee on energy and air quality last Thursday voted 17-13 to forward a Republican stopgap bill to aid California to the full panel. The vote on the measure, sponsored by Subcommittee Chairman Joe Barton (R-TX), was strictly along party lines.
May 14, 2001
House Panel Votes Out CA Energy Bill
The House Energy and Commerce subcommittee on energy and air quality yesterday voted 17-13 to forward a Republican stopgap bill to aid California to the full panel. The vote on the measure, sponsored by Subcommittee Chairman Joe Barton (R-TX), was strictly along party lines.
May 11, 2001
Barton, FERC Efforts for CA Unwelcomed by Dems
A House GOP stopgap bill for California and FERC’s decision to limit price mitigation to emergency spot transactions in the state’s wholesale power market were broadsided by House and Senate Democrats last week, as well as by California energy officials.
May 7, 2001
CA Gov. Offers Rate Refunds for Conservation
The pace of stopgap measures for California’s expected powershortages this summer picked up Tuesday with the governorannouncing rebates to customers cutting their summer power use by20% and Calpine Corp. striking an immediate two-month deal forproviding 550 MW to southern California markets starting todaythrough May 15. The short-term power pact is an interim one withthe state water resources department.
March 14, 2001
Senate Energy Debates Reliability, Restructuring
The Senate Energy and Commerce Committee debated yesterdaywhether to get themselves off the hook for this summer by enactingstopgap electric reliability legislation or go for the gold of acomprehensive electric restructuring bill.
May 18, 2000
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