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• Part of 'Pickens Plan' looks to ride in on Senate bill

• CLNE 88% Rate It

A plan suggested by Texas oil tycoon T. Boone Pickens to promote natural gas investment will probably get added to a Senate energy bill, the Wall Street Journal reports .

A major beneficiary will be Clean Energy Fuels Corporation ( CLNE ), which jumped over 9 percent to trade at $16.69 per share on Thursday.

Pickens owns a 46 percent stake in Clean Energy Fuels, which specializes in providing natural gas for alternative-fuel vehicles.

The Senate will begin debating the energy bill in the last week of July, and Democrats hope to vote on and pass it before the August recess.

Pickens calls for the conversion of half of the country's trucking fleet from diesel to natural gas, saying it would save $100 billion that would otherwise go to OPEC nations.

In an op-ed published Thursday on the Huffington Post , Pickens wrote that his plans "would also kick-start an entirely new natural gas vehicle industry in the United States, which would equal jobs at all levels of production. I've said from the beginning that we need a bipartisan, American plan to use our domestic resources - natural gas, solar wind, ethanol, and hydro."

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