capital focus

The Capital Focus is moving to a new address in conjunction with the overhaul of the News-Miner Web site. Come find us at www.newsminer.com/weblogs/capital-focus. Sorry for any inconvenience.

BG’s David Keane just finished a presentation to the Senate Resources Committee. The company put a bunch of money into studying a gas pipeline project and worked on a proposal under AGIA but ultimately didn’t apply because of underlying regulatory and resource risks. More »

I got something wrong in my last post about when to change the gas tax. Here is Pat Galvin’s explanation:

In the hearing yesterday, I said that a year ago when we were bringing forward AGIA I had told them that we were focused on gasline issues, and that we had not yet spent much time on tax issues. At that time, I had told them that my confidence level in the gas tax rate was not high, because we had not yet looked at it. The tax rate was not critical because AGIA locked in the rate that would be in place at the time of the initial open season, giving us time to make any necessary changes. More »