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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;

Stock News for Clean Energy Fuels (CLNE)
11/12/201506:10:44Current Report Filing (8-k)
11/12/201506:00:00Ryder to Fuel Fleets with 100% Renewable Natural Gas in California
11/12/201506:00:00Clean Energy Announces “At-The-Market” Offering Program
11/10/201506:00:02Clean Energy Fuels Corp. Continues Double-Digit Growth: Key Takeaways...
11/05/201517:49:37Quarterly Report (10-q)
11/05/201516:09:35Current Report Filing (8-k)
11/05/201516:05:00Clean Energy Reports 80.6 Million Gallons Delivered and Revenue...
11/04/201506:01:41Notice of Effectiveness (effect)
11/03/201506:00:00Clean Energy Provides Bunkering Services & Fuel to World’s F...
10/30/201512:00:34Securities Registration Statement (simplified Form) (s-3/a)
10/19/201506:00:00Clean Energy to Report Third Quarter 2015 Financial Results on...
10/18/201508:01:023 Unloved Stocks That Could Be Poised to Rebound
10/15/201506:00:00International Paper Extends Natural Gas “Virtual Pipeline” Con...
09/24/201509:03:00Market Update on the Energy and Financial Sectors - Diamondback...
09/18/201516:16:36Securities Registration Statement (simplified Form) (s-3/a)
09/14/201517:53:58Statement of Changes in Beneficial Ownership (4)
09/11/201506:00:00Clean Energy Co-Founder T. Boone Pickens Remains Bullish on the...
09/10/201519:42:21Statement of Changes in Beneficial Ownership (4)
08/25/201506:00:00Clean Energy to Build New CNG Stations for Multiple Transit Agencies...
08/06/201506:06:23Securities Registration Statement (simplified Form) (s-3)

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