Warned

The Natural Resources Defense Council (NRDC) on Thursday warned that using water from the Colorado River Basin to produce oil shale could impact agricultural and municipal water uses affecting 15% of the nation’s crops and up to 30 million people from Wyoming to Southern California.

The National Association of Publicly Traded Partnerships (NAPTP) recently warned its members that the Obama administration is considering corporate-level taxation of pass-through entities, such as master limited partnerships (MLP). Such a change could have significant consequences for the midstream energy sector where numerous companies are MLPs. The warning came in a confidential memo circulated to NAPTP members, which was leaked to Reuters. NAPTP Executive Director Mary Lyman would not share the memo with NGI but confirmed its distribution. In an e-mail to NGI, Lyman said, “At this point, there is no public proposal yet; we have simply heard that there is a proposal under discussion as part of corporate tax reform that would tax a broad section of pass-through entities, including MLPs — everything with gross receipts over $50 million.” The administration is still considering tax reform options, according to a White House spokeswoman.

A trade association that represents publicly traded partnerships has warned its members that the Obama administration is considering corporate-level taxation of pass-through entities, such as master limited partnerships (MLP). Such a change would have significant consequences for the midstream energy sector where numerous companies are MLPs.

With an interim CEO and the report Tuesday that it spilled more red ink last year, Houston-based independent power producer Dynegy Inc. warned Wednesday in a 10-K Securities and Exchange Commission filing that it may file for bankruptcy if it doesn’t renegotiate new terms with its creditors. In the meantime, four new directors joined the Dynegy board on Wednesday.

A day after it ended an Overage Alert Day (OAD) that had been in effect for the previous five days but warned that another one might become necessary soon, Florida Gas Transmission followed through by issuing a new OAD for market-area customers Wednesday with a 25% tolerance for negative daily imbalances.

A day after it ended an Overage Alert Day (OAD) that had been in effect for the previous five days but warned that another one might become necessary soon, Florida Gas Transmission followed through by issuing a new OAD for market-area customers Wednesday with a 25% tolerance for negative daily imbalances.

FERC has warned the Commodity Futures Trading Commission (CFTC) against trying to extend its jurisdiction to include trading of derivative transactions within regional transmission organizations (RTO) and independent system operators (ISO).

Major producer groups last Tuesday warned Washington policymakers that a windfall profits tax or other punitive taxes on producers would hurt the financial health of the industry, reduce domestic oil and natural gas production and result in significant job losses.

Major producer groups Tuesday warned Washington policymakers that a windfall profits tax or other punitive taxes on producers would hurt the financial health of the industry, reduce domestic oil and natural gas production and result in significant job losses.