SNL Energy presents the most read stories for the week ended Dec. 8.
1. Utilities upbeat entering tax bill conference but renewable sector wants changes
Electric utilities are rooting for final passage of tax reform legislation that would lower the corporate tax rate and maintain key business deductions, but renewable energy developers remain vulnerable as Congress heads into a conference committee on the tax bills.
2. Virginia Conservation Legacy Fund idles W.Va. coal mine, furloughs 252 workers
Virginia Conservation Legacy Fund Inc. has idled one of its West Virginia coal mines and furloughed the workers.
3. Trump uses executive order to dramatically shrink 2 Utah national monuments
In a move that is likely to be challenged in court, President Donald Trump signed an executive order Dec. 4 drastically shrinking two national monuments in Utah and opening those federal lands to grazing; hunting; fishing; and potentially coal, oil and natural gas extraction.
4. As Congress nears finish line on tax bill, effect on MLP investors up in the air
The size of tax breaks for master limited partnerships is at stake as the U.S. House and Senate prepare to reconcile their versions of sweeping tax legislation before the end of the year.
5. With new FERC chair set to take seat, DOE NOPR takes center stage at PJM meeting
The Federal Energy Regulatory Commission announced late in the day Dec. 6 that at long last Kevin McIntyre would be sworn in the following day as FERC chairman, giving the agency a full complement of five sitting commissioners for the first time since October 2015.