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Legislative Update: Conferees Sign Tax Reconciliation Package Extending Current Dividend & Capital Gains Rates
Legislative Update: Congress Votes to Fund LIHEAP at Highest Level Ever
Legislative Update: Dividend and Capital Gains Taxation
Legislative Update: Dividend and Capital Gains Taxation (April 2006)
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Legislative Update: OCS/Interior Appropriations Expected May 18
Legislative Update: Offshore Access Legislation in the 109th Congress
Legislative Update: Senate Budget Measure Boosts Prospects for ANWR Exploration
Legislative Update: Senate Energy & Natural Resources Committee Passes Area 181/Oil & Gas Leasing Legislation
LIHEAP Update Summer 2006
Pipeline Safety Bill Passes by the House Transportation and Infrastructure Committee
The Deep Ocean Energy Resources (DOER) Act
Natural Gas and the Environment (INC)
Access to Supply Issue Resources
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Dividend and Capitol Gains Taxation
Submit Comments on Proposed OCS Natural Gas and Oil Leasing Program 2007-2012
Natural Gas Pipelines: Safe, Sound and Underground

 Legislative Update: Senate Energy & Natural Resources Committee Passes Area 181/Oil & Gas Leasing Legislation 

March 8, 2006

This afternoon the Senate Energy and Natural Resources Committee approved by a vote of 16 yeas, 5 nays and 1 present S. 2253, a bill sponsored by Sens. Pete Domenici (R-N.M.) and Jeff Bingaman (D-N.M.) that would require the Department of the Interior to open Area 181 of the Gulf of Mexico for oil and gas leasing.   Passage of this legislation out of committee represents a major step toward realizing significant new supplies of natural gas for the American consumer, as the "Lease Sale 181" area is projected to contain up to 6 trillion cubic feet (Tcf) of natural gas, which can be brought to market relatively quickly -- helping to reduce energy costs for hard-hit American households and factories.  A hearing was held on S. 2253 on February 16, with testimony by Tom Skains, CEO of Piedmont Natural Gas, on behalf of AGA.  (see: Southeast Utility Executive Commends Senate Energy Committee for Continued Focus on Natural Gas Supply)  The bill will now proceed to the floor, although a date has not yet been determined.  Sen. Mary Landrieu (R-La.), voted 'present' on the bill, and indicated she will attempt to amend the bill on the floor in order to facilitate revenue-sharing of the estimated $11 billion royalties by coastal producing states.

More information on legislation related to access to natural gas supplies can be found here.

AGA legislative contact: Tom Moskitis - 202/824-7031; press contact:  Daphne Magnuson - 202/824-7205.


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