During a late-night hearing in Austin on Wednesday, the companies argued that “minimum use fees” — charged to customers who use too-little electricity each month — are fundamental to the economics of some power plans.
Republicans say the new regulations, announced last week, will delay new drilling projects and take marginal lands out of production. Democratic lawmakers say the regulations are so mild that they won’t change current operating standards.
Light, sweet crude flowing out of the Eagle Ford would attract higher, premium prices on the world market, if those oil exports weren’t prohibited by U.S. trade policy, a Rice University study concludes.
Washington Sen. Maria Cantwell on Wednesday said the measure would ban the use of older tank cars, regulates the volatility of crude oil carried on trains and ensures that rail infrastructure is properly maintained.
Senators and delegates voted Tuesday in favor of their chamber’s respective bills to hold drilling companies more responsible for damages and place a three-year moratorium on the natural gas drilling method.
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