The new Pennsylvania Act 13 drilling law is paying off. Yesterday the PA State Public Utility Commission (PUC), the agency charged will billing and receiving the “impact fee” provided for under the new law, reported how much money was billed, and how much was received. We have the detailed list by drilling company (embedded below).
The original estimate in the spring of this year when the law was passed, is that the first year would raise a total of $180 million in new revenue. The good news? More than $200 million was raised from the impact fee. The PUC billed drillers $205,890,000. So far they’ve paid $197,600,000. The difference is either cases where the driller disputes the PUC’s information about the status of a well, and a few cases of “the check is in the mail.”