The U.S. Senate passed a bill in May that includes energy tax provisions to increase natural gas supplies, promote construction of pipelines from Alaska and encourage energy efficiency. The Senate energy tax package was included in larger legislation called the JOBS Act (S. 1637). The bill must now be acted on by the House of Representatives. According to the American Gas Association, provisions in the bill of particular interest to natural gas utilities and their customers would: 1. Increase gas supplies, 2. Promote Alaska pipeline construction, 3. Expand natural gas infrastructure, and 4. Promote innovative end-use technologies. Increase supplies. A variety of tax provisions in the bill are designed to stimulate additional natural gas production from non-traditional sources (such as coalbed methane) while encouraging producers to continue finding natural gas when market prices drop.
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