California bill would criminalize energy curtailment

A proposed bill making it a felony for natural gas or electric power producers to curtail production or to sell energy "at prices above marginal cost" is now before California legislators.On July 11, that legislation, authored by Assemblyman Dennis Cardoza (D-Merced) was sent to the California Assem- bly on a primarily Democratic Party line vote of 11-5 by the Assembly Appropria- tions Committee, with only two Demo- crats voting against it.The proposed legislation calls for a prison term of 16 months to 3 years and a fine of up to 10% of gross corporate assets for "any act that creates a shortage of fuel with the intent to raise fuel prices or materially adversely affect competition" in C...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected