Moniz Announces Creation of Petroleum Reserves for Generation

In This Issue:

Reliability: Moniz announces gasoline reserve...
FERC: Senators back LaFleur, question Bay for FERC posts...
CFTC: Sub-threshold relief rulemaking proposed...
Cyber Security: Senate Intelligence seeks comments on draft...
Tax and Energy Efficiency: Tax extenders and Shaheen-Portman stall in Senate...
EPA: Moderate Dems push back on New Source Rule, Existing Source Rule due next week...

On May 2, Energy Secretary Ernest Moniz announced the creation of the nation’s first federal regional gasoline reserves near New York Harbor and in New England. The move comes in response to supply constraints during the response to Superstorm Sandy, and complements the Northeast Home Heating Oil Reserve, a million-barrel supply of diesel. Each reserve will store 500,000 barrels to supply first responders and emergency generators.

To read the complete legislative update including the following topics, click the links below:

Senate Confirmation Hearing on FERC Nominees

CFTC Releases Proposed Rule to Provide Parity for Municipal Utilities

Senate Intel Committee Seeks Comments on Cyber Bill

Shaheen-Portman and Tax Extenders Failures Foreshadow Continued Gridlock

EPA Gets Pushback on Greenhouse Gas Rules

Nuclear Decommissioning Bills Introduced