The Washington Utilities and Transportation Commission (UTC) has approved a multi-year rate plan for Puget Sound Energy (PSE) to increase annual limits for natural gas and electricity rates over the next three to four years. PSE’s gas rates would increase by $9.1 million, or 1.55%, and power rates would increase by $52.3 million, or 3.34%, effective Monday (July 1). Rates may increase over the period by a maximum of 3%, with any excess amounts recovered the following year. Also as part of the approval, UTC separated utility profits from sales levels. The so-called “decoupling” allows the utility to recover fixed costs regardless of how much gas and electricity it sells.
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Court Rejects Dodd-Frank Challenge
A U.S. District Court judge in Washington, DC, has dismissed a challenge by Bloomberg LP of the Commodity Futures Trading Commission’s (CFTC) Dodd-Frank regulations of the multi-trillion over-the-counter (OTC) derivatives market. At the same time, a coalition of associations urged the agency to maintain the $8 billion threshold for swap dealing activity that a participant may engage in before it becomes subject to the requirements.
June 17, 2013
District Judge Rejects Challenge to Dodd-Frank Regulations
A U.S. District Court judge in Washington, DC, on Friday dismissed Bloomberg LP’s challenge of the Commodity Futures Trading Commission’s (CFTC) Dodd-Frank regulations on the multi-trillion over-the-counter (OTC) derivatives market.
June 11, 2013
API, Groups Ask Court to Stay SEC Disclosure Rule
The American Petroleum Institute (API) and a coalition of business groups have asked the appellate court in Washington, DC, to stay the Securities and Exchange (SEC) mandate requiring producers to publicly report how much they pay governments for access to oil, natural gas and minerals.
June 10, 2013
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TravelCenters of America (TA) CEO Tom O’Brien is to deliver the opening keynote address June 25 at the 2013 Alternative Clean Transportation (ACT) Expo in the Washington, DC, convention center June 24-27. TA is making what the ACT sponsors called significant investments to provide its customers with alternative fuel options, including natural gas. TA and Royal Dutch Shell plc in April announced plans to build a network of liquefied natural gas (LNG) fueling lanes at existing TA locations nationwide (see Daily GPI, April 22). Shell has committed to creating a “U.S. network of LNG fueling centers for heavy duty road transport customers” stretching from coast to coast. O’Brien is expected to add more color to the ongoing push of commercial trucking fleets to use alternative fuels.
May 30, 2013
Appeals Court Rejects Industry Challenge of SEC Reporting Rule
A federal court of appeals in Washington, DC, Friday dismissed an industry challenge to a Securities and Exchange Commission (SEC) rule requiring producers to publicly report how much they pay governments for access to oil, natural gas and minerals.
April 29, 2013
Court Rejects Industry Challenge of SEC Reporting Rule
A federal court of appeals in Washington, DC, Friday dismissed an industry challenge to a Securities and Exchange Commission (SEC) rule requiring producers to publicly report how much they pay governments for access to oil, natural gas and minerals.
April 29, 2013
Commodity Group Seeks to Reinstate Spec Limits
An alliance of organizations that represent commodity-dependent industries, businesses and end-users has asked a federal court in Washington, DC, to reverse an earlier decision tossing out the Commodity Futures Trading Commission’s (CFTC) controversial rule limiting excessive speculation in the multi-trillion swaps market.
April 29, 2013
Commodity Group Files Brief to Reinstate Speculation Limits
An alliance of organizations that represents commodity-dependent industries, businesses and end-users has asked a federal court in Washington, DC, to reverse an earlier decision tossing out the Commodity Futures Trading Commission’s (CFTC) controversial rule limiting excessive speculation in the multi-trillion swaps market.
April 25, 2013
Court: FERC Lacks Jurisdiction in Futures Markets
A federal appeals court in Washington, DC, Friday granted the plea of a former natural gas trader for failed hedge fund Amaranth Advisors LLC to overturn an agency order imposing a $30 million penalty for allegedly manipulating natural gas futures.
March 25, 2013
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