Resignation Threatens to Bring U.S. Pipeline Rulings to Halt
- Federal Energy Regulatory Commission down to just two members
- Lack of a quorum means no approvals as shale gas is trapped
Morning Meeting: Keystone XL and Canadian Oil
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A U.S. energy regulator who filed his letter of resignation on Thursday may have temporarily brought any new rulings on multibillion-dollar natural gas pipelines to a halt.
Norman Bay said he’ll leave the Federal Energy Regulatory Commission on Feb. 3. His announcement followed President Donald Trump’s decision to replace him as the agency’s chairman with his fellow commissioner, Cheryl LaFleur.