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Natural-Gas Plan Backed By Pickens Seen Added To Senate Bill

By Siobhan Hughes and Martin Vaughan Of DOW JONES NEWSWIRES WASHINGTON -(Dow Jones)- A plan promoted by investor T. Boone Pickens to encourage more natural-gas vehicles will likely hitch a ride on a Senate energy bill that is to come up for a vote at the end of July. "We plan to do something with natural gas," Senate Majority Leader Harry Reid (D, Nev.) told reporters on Wednesday. He referred to the "Pickens Plan" and a measure written by Sen. Bob Menendez (D, N.J.) and said "almost certainly I'm going to put that provision in the bill." If the measure becomes law, Clean Energy Fuels Corp. (CLNE) could be a beneficiary. Pickens owns a stake of almost 46% in the company, according to regulatory filings. Clean Energy Fuels describes itself as the leading provider of natural gas as a fuel for alternative-vehicle fleets in the U.S. Senate Democrats plan to unveil the energy bill next week, according to a Democratic aide. Reid will attempt to begin debate on the bill the week of July 26. The Senate is scheduled to begin a month-long summer recess on Aug. 6. The legislative effort would make good on a promise that Reid has been making for a year. Last July, Reid signed on to the measure, sponsored by Menendez, which would extend tax breaks for buying natural-gas vehicles, provide grants to develop light and heavy-duty gas engines, and provide incentives to build refueling stations. In August, Reid told an energy summit in Las Vegas that he had been "converted" to the "Pickens church." -By Siobhan Hughes and Martin Vaughan, Dow Jones Newswires; (202) 862-6654; siobhan.hughes@dowjones.com

Stock News for Clean Energy Fuels (CLNE)
DateTimeHeadline
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04/14/201514:32:15Clean Energy Fuels Corp (CLNE) Stock Up 10% on Big Deals: Here's...
04/14/201506:01:00Clean Energy to Open Four New Natural Gas Fueling Stations; Announces...
04/13/201511:00:00Why Truckers Are Slow To Embrace CNG Fuel Systems
04/10/201517:08:45Additional Proxy Soliciting Materials (definitive) (defa14a)
04/10/201517:04:57Proxy Statement (definitive) (def 14a)
04/10/201506:00:00Clean Energy to Report First Quarter 2015 Financial Results on...
04/03/201517:57:26Statement of Changes in Beneficial Ownership (4)
03/31/201506:01:00Raven Transport to Deploy 115 Additional Heavy-duty LNG Trucks
03/25/201506:01:00Dean Foods to Deploy 64 CNG Vehicles and Private Fuel Station...
03/12/201515:55:00Clean Energy Opens Newest Public Natural Gas Station in Orlando
03/04/201516:37:48Statement of Changes in Beneficial Ownership (4)
03/03/201513:02:49Statement of Changes in Beneficial Ownership (4)
03/02/201513:32:42Statement of Changes in Beneficial Ownership (4)
02/26/201523:03:01Clean Energy Fuels (CLNE) Andrew J. Littlefair on Q4 2014 Results...
02/26/201516:32:48Annual Report (10-k)

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