Natural Gas News – March 19, 2018
Natural Gas News – March 19, 2018
FERC Addresses Changes in Income Tax Rates for Electricity, Natural Gas, and Oil Companies
Daily Energy Inside reported: The Federal Energy Regulatory Commission (FERC) recently took action regarding changes in the income tax rates due to the Tax Cuts and Jobs Act of 2017 for the electric transmission and natu-ral gas and oil pipeline companies that it regulates. Among the actions FERC took was the issuance of a Notice of Inquiry seeking information on whether and how the Commission should address accumulated deferred income taxes and bonus depreciation for electric companies and gas and oil pipelines. The proposal directs interstate pipelines to file a one-time report regarding the rate effect of the new tax law and changes to FERC’s income tax allowance policies. In addition to filing the report, each pipeline could decide to make a limited section 4 filing to reduce its rates according to the filing, commit to file either a prepackaged uncontested rate settlement or a general NGA section 4 rate case, submit a statement explaining why it believes it should not change its rates or file the form without taking any other action. For more visit dailyenergyinsider.com or click http://bit.ly/2GIGcfA
NYMEX Apr Natural Gas a Touch Higher in Early Activity
Platts reported: NYMEX April natural gas futures were a touch higher early Monday, having seesawed overnight as moderate weather associated with spring looked to keep demand subdued and allow for a changeover from weekly storage withdrawals to injections. At 7:20 am ET (1120 GMT), the contract was 0.7 cent higher at $2.688/MMBtu. Although below-average temperature readings linger in midrange forecasts, the arrival of the spring shoulder season spells higher low temperatures likely to keep a lid on heating demand ahead of the onset of significant cooling load. For more on this story visit platts.com or click http://bit.ly/2G8L7II
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