In the opening weeks of the California state legislature, proposals have surfaced with a clean energy emphasis, promoting renewables and alternative transportation fuel use. One proposal also would seek to mandate that the state’s two public employee retirement funds divest interests in coal companies.
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Orbit Gas Storage Asks FERC to Vacate Certificate For Kentucky Facility
Six years after FERC granted Orbit Gas Storage a certificate of public convenience and necessity for construction and operation of a proposed underground natural gas storage facility in Hopkins County, KY, the company has asked the Commission to vacate the certificate due to changed market conditions.
North Dakota Lawmaker Seeks to Revise Oil/Gas Regulation
A Democratic North Dakota legislator is fighting an uphill battle, pushing a bill (SB 2366) in the Republican-controlled legislature to reorganize the state’s regulatory oversight of the oil and natural gas sectors.
Black Hills Pursuing Utility NatGas Reserve Program Via E&P Unit
Rapid City, SD-based Black Hills Corp. is developing a program for some of its utilities in seven states to initiate ratepayer purchases of natural gas reserves from its exploration and production (E&P) segment.
Oregon Proposes Coal Ban Without NatGas Backup
Oregon lawmakers are considering a proposal (SB 477) that would outlaw the use of coal-fired electric generation or the purchase of coal-fired power supplies by 2025. Natural gas-fired generation would specifically be prohibited from replacing the lost power supplies.
Senate Indian Affairs Committee Passes Tribal Energy Bill
The U.S. Senate Committee on Indian Affairs passed a bill Wednesday designed to simplify federal energy regulations on Indian lands.
Obama Administration Axes $1.68B FutureGen Project in Illinois
Two days after releasing a budget peppered with funding initiatives to combat climate change, the Obama administration has canceled a decade-old, $1.68 billion project to retrofit a coal-fired power plant in Illinois that had for a time been considered coal’s future, a successful carbon capture and sequestration (CCS) facility.
Lake Erie Powerline Proposed to Bring Clean Canadian Electricity to U.S.
The Mid-Atlantic and Midwestern United States could plug into growing Canadian clean power sources through a new underwater transmission line under a plan submitted to the National Energy Board (NEB).
Obama’s FY2016 Fiscal Plan Would Boost CFTC Budget 29%
Included in President Obama’s proposed budget for fiscal year 2016 (FY2016) is a significant year-to-year increase for the Commodity Futures Trading Commission (CFTC), the federal regulatory agency charged with policing derivatives, futures and swaps markets.
Obama Proposed Budget Targets Oil, Gas Industry
President Obama’s nearly $4 trillion budget for fiscal 2016 would eliminate tax credits for the oil and gas industry and force master limited partnerships (MLP) formed by fossil fuel entities to be taxed at a higher rate, while making major investments to combat climate change on several fronts.