As the Legislature prepares to consider major energy policy legislation later this spring, Senate President Stanley Rosenberg called the news that Kinder Morgan would suspend work and spending on its controversial gas pipeline project "a game changer" that would allow for a broader debate about the state's energy mix.
Kinder Morgan announced Wednesday that it would halt its Northeast Energy Direct natural gas pipeline project due to inadequate commitments from prospective customers. The planned pipeline, if green-lit by the federal government, would have run from New York through parts of western Massachusetts and southern New Hampshire to Dracut, Mass.
(CNSNews.com) – Banking regulators at the Federal Reserve and the Federal Deposit Insurance Corporation (FDIC) warned five of the nation's eight largest banks last week that their "living wills" are "not credible."
A "living will" – a bank's plan to wind down its affairs in an orderly fashion in case it fails – is required by law under Section 165(d) of the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act.
