EPA cross state emissions rule put on hold by appeals court  Tom Schoenberg, Brian WIngfield and Julie Johnsson writing in Bloomberg Business Week Friday reported that a federal appeals court put the cross-state emissions rule on hold pending a hearing.  Comment:  Expect the EPA to fight the injunction.  This rule limits sulfur dioxide emissions from electrical generation.  If allowed to go forward, expect consumer utility prices to increase, more families to face budget challenges and massive layoffs from coal fired power plants further hindering America’s job and economic recovery.   The utilities are arguing they do not have sufficient time to comply. – AG/DH

The Anchorage Daily News reported Sunday that an Alaska Superior Court judge increased the valuation of the Trans Alaska Pipeline System (TAPS).  Comment:  The suit would allow local governments to increase oil and gas property tax revenues by increasing valuation of the Trans Alaska Pipeline System (TAPS).   Another result of increasing the valuation of TAPS is to put pressure on increased TAPS shipper rates that could, in turn, result in higher prices of refined products in Alaska and elsewhere.  We might expect to see more of this as governments at all levels bump up against the limits of what citizens will pay in taxes, fees and other revenues.  Unfortunately extracting more of any of the various oil taxes encourages less investment here and deflects it elsewhere.  If Alaskans want investors that create large scale, expensive projects, the tax and regulatory environment must be more attractive and stable over an extended period of time than that of our competitors.  –  AG/DH