Oil and natural gas producers dodged a bullet last Wednesday when Rep. Diana DeGette (D-CO) agreed to withdraw a controversial amendment that would have required service companies to publicly disclose the fluids used in hydraulic fracturing (hydrofracing), a technique used to stimulate production of natural gas from wells drilled in shale gas plays.
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Industry Dodges Hydrofracing Bullet in House Committee
Oil and natural gas producers dodged a bullet Wednesday when Rep. Diana DeGette (D-CO) agreed to withdraw a controversial amendment that would have required service companies to publicly disclose the fluids used in hydraulic fracturing (hydrofracing), a technique used to stimulate production of natural gas from wells drilled in shale gas plays.
Producers Blast Interior’s Withdrawal of Utah Leases
A major producer group Wednesday blasted the Obama administration’s decision to withdraw leases that were offered to producers in December to develop oil and natural gas on more than 100,000 acres in northeastern Utah.
Exelon CEO Praises Economics of Cap-and-Trade
In the wake of his company’s recent decision to withdraw from the U.S. Chamber of Commerce over the chamber’s opposition to federal climate change legislation, Exelon Corp. CEO John W. Rowe called cap-and-trade the least expensive approach to carbon emissions reduction and urged the business community to come together in support of climate legislation.
Exelon CEO Praises Economics of Cap-and-Trade
In the wake of his company’s decision to withdraw from the U.S. Chamber of Commerce over the chamber’s opposition to federal climate change legislation, Exelon Corp. CEO John W. Rowe called cap-and-trade the least expensive approach to carbon emissions reduction and urged the business community to come together in support of climate legislation.
Rhode Island Asks Coast Guard to Reconsider Weaver’s Cove Decision
Rhode Island Attorney General Patrick Lynch has called on the U.S. Coast Guard to withdraw and reconsider its recent letter of recommendation (LOR) providing conditional support for Weaver’s Cove Energy LLC’s proposal to construct a berth for tankers in Mount Hope Bay and underwater pipeline facilities to unload and deliver liquefied natural gas (LNG) to the proposed terminal site at Fall River, MA.
Exelon Walks Away From NRG
NRG Energy Inc. shareholders last Tuesday reelected all of the company’s director nominees, prompting Exelon Corp. to withdraw its hostile takeover bid for the company as it previously said it would. Shareholders also rejected Exelon’s proposal to expand NRG’s board with its own slate of five director nominees.
Calypso Pulls Plug on Florida Deepwater Port Project
Calypso LNG LLC said it has informed the Maritimes Administration (MARAD) and U.S. Coast Guard that it will withdraw its application for a deepwater port license to build a liquefied natural gas (LNG) facility off the southeastern coast of Florida.
Transportation Notes
Texas Eastern will cancel Saturday the OFO that took effect March 1 (see Daily GPI, Feb. 26) requiring customers to withdraw gas from storage only after maximizing the use of mainline firm transportation. The OFO regarding storage inventory transfers issued Feb. 28 (see Daily GPI, March 3) remains in effect. “While storage deliverability relative to firm withdrawal rights is recovering, the fact remains that storage inventories are low and storage deliverability is a function, in part, of inventory levels. Accordingly Texas Eastern reminds all point operators and shippers of the need to limit ‘due pipeline’ imbalances so as not to unduly place transportation support demands on Texas Eastern’s storage fields,” the pipeline said Thursday.
Utilities Withdraw GridSouth Filings in the Carolinas to Plan Revisions
Citing what they called “regulatory uncertainties” in the regional transmission organization (RTO) arena, Duke Energy, CP&L and South Carolina Electric & Gas last week announced that they were withdrawing their applications before state utility regulators in South Carolina and North Carolina to transfer functional control of their electric transmission assets to the GridSouth RTO. But the utilities also said that they remain committed to the GridSouth RTO and plan to file new applications before state regulators in the near future that will include a revised GridSouth structure.