Cabot Cuts Deal to Supply PA’s Largest NatGas-Fired Electric Plant

Cabot logoThe pieces of a very complicated puzzle continue to fall into place to build what will be Pennsylvania’s largest natural gas-fired electric generating power plant in Lackawanna County, PA–near Scranton. Invenergy plans to build the Lackawanna Energy Center, a 1,480 megawatt plant in Jessup, PA that will cost “well over $1 billion” according to an exclusive MDN source working on the project (not $500 million as we previously estimated). The PA Dept. of Environmental Protection (DEP) approved the plant last December (see PA DEP Approves Jessup, PA Marcellus Gas Electric Plant). The locals in Jessup approved the project in March of this year (see Jessup Borough Final Approval for PA’s Largest NatGas Power Plant). The plant will use up to 240,000 dekatherms (or 240 million cubic feet) of natural gas per day. We’ve reported on two different companies that building pipelines to the plant to supply it–UGI and Kinder Morgan’s Tennessee Gas Pipeline (see UGI to Feed Jessup, PA Electric Plant with Marcellus Shale Gas and NEPA Pipeline for Power Plant Gets Positive FERC Assessment). One of the final pieces is, who will provide the natural gas that flows through those pipelines and powers the plant? We now have the answer. Cabot Oil & Gas yesterday announced a 10-year deal to provide Marcellus Shale gas from Susquehanna County to power the plant…

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