Regulatory

CFTC Levies $3M Fine on ICE Futures U.S. Over Inaccurate Reporting

The U.S. Commodity Futures Trading Commission (CFTC) on Monday said it had simultaneously filed and settled charges against Intercontinental Exchange’s ICE Futures U.S. Inc. to the tune of $3 million for “submitting inaccurate and incomplete reports and data” for certain energy contracts and other commodities over at least a 20-month period, from at least October 2012 through at least May 2014.

March 17, 2015

Republican Budget Is Meat and Potatoes (Oil/Gas) on Energy, No Greens

The Republican-controlled House of Representatives proposed budget, released Tuesday, takes a hatchet to what the party views as excessive or unnecessary spending, but the plan has kind words for domestic energy, namely oil and natural gas.

March 17, 2015

New CPUC President Proposes Tougher Penalty on PG&E

Pacific Gas and Electric Co. (PG&E) shareholders would be on the hook for $850 million worth of safety upgrades to the utility’s natural gas system under a new settlement proposal from California Public Utility Commission (CPUC) President Michael Picker. It addresses gas system mismanagement discovered after a 2010 pipeline rupture and explosion in San Bruno.

March 16, 2015

FERC, Delaware Riverkeeper Skirmish Over Transco’s Leidy Project

Preliminary work on Transcontinental Gas Pipe Line Co. LLC’s (Transco) proposed Leidy Southeast expansion, which would relieve capacity constraints in the Marcellus Shale while serving local distribution companies along the Atlantic Seaboard, appear to be on hold pending the outcome of a lawsuit filed by the Delaware Riverkeeper Network (DRN).

March 13, 2015

Redraw U.S. Energy Policy For Newfound NatGas, Oil Landscape, Says Tillerson

U.S. energy policies should heed the country’s new era of natural gas and oil abundance with an overhaul to make them less burdensome and more transparent, ExxonMobil Corp.’s chief said Thursday in Washington, DC.

March 13, 2015

Bombshells Drop in California Regulatory Scandals

Calls for change at the California Public Utilities Commission (CPUC) grew louder at a state Senate hearing Wednesday during which outside experts called for reforms and a consumer attorney exposed alleged ex parte communications violations dating back more than a decade.

March 12, 2015

Feds Lose Appeal to Charge BP’s Macondo Supervisors With Seaman’s Manslaughter

The U.S. government may not pursue charges against two former BP plc supervisors under a 177-year-old federal statute covering seaman’s manslaughter for their roles in the Macondo well blowout in 2010, which resulted in the deaths of 11 men, a federal appeals court ruled Wednesday. However, they still face 11 counts of involuntary manslaughter.

March 12, 2015
Commercial Carbon Capture Project in California Looking Unlikely

Commercial Carbon Capture Project in California Looking Unlikely

Environmentalists and community activists have asked the California Energy Commission (CEC) to stop the permitting process that has dragged on for years for an on-again, off-again research/demonstration project that would usher in commercial carbon-capture-and-storage (CCS).

March 11, 2015

California Wastewater Troubles Overstated, Officials Say

Critics increasingly are sounding the alarm over California’s underground injection control (UIC) program, but state and industry officials said the problem is overstated because no drinking water supplies in the state have been contaminated.

March 11, 2015

Protests Reined in By New FERC Rule

Protesters may find it more difficult to disrupt future FERC meetings after the regulators this week adopted a rule, based on language already in use by other federal agencies, specifying “the roles available to the public at the Commission’s open meetings.”

March 11, 2015