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Editors' picks: Coal sees potential harm in Senate's version of tax reform

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According to Market Intelligence, December 2022

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Editors' picks: Coal sees potential harm in Senate's version of tax reform

SNL Energy editors' picks for the best stories for the week ended Dec. 8.

1. Coal sector sees potential harm in Senate's attempt at tax reform

At least some in the American coal industry were disappointed to see the U.S. Senate's version of sweeping changes to the U.S. tax code.

2. US oil drillers have clear path to production increases amid OPEC's restraint

When OPEC announced a deal in 2016 for production cuts of about 1.8 million barrels per day, U.S. producers were quick to fill the void, pushing down oil prices in the process. With the cartel extending its cuts through 2018, the Americans are more likely to stage a repeat that puts a ceiling on prices than to keep output steady, industry observers said.

3. Duke Energy puts its money on 'behind-the-meter' business with REC Solar deal

Duke Energy Corp. is taking a cue from the market and fulfilling its plan to build up a "behind-the-meter" renewable energy portfolio through the acquisition of a California solar provider.

4. Energy trade groups expect Trump to sign tax reform bill into law by end of year

Despite some thorny issues yet to be worked out, power and gas industry representatives expect Congress to pass tax reform legislation soon and send the bill to President Donald Trump's desk by the end of 2017.

5. The Clean Power Plan hearing in 3 acts

This is a three-part series reviewing the Nov. 28 and 29 hearings on EPA's proposed repeal of the Clean Power Plan. The first installment focused at coal executives' and politicians' reactions to the agency's plan to repeal the rule; the second installment looked at the reaction of coal union officials; and the last installment explored how environmental groups responded to the plan to repeal the rule, along with the reaction of local residents.