FirstEnergy Involved in Bribery Scheme to Pass $1B Nuke Bailout Law

We told you that the law passed in Ohio (House Bill 6) granting FirstEnergy (now called Energy Harbor) $1 billion in corporate welfare from ratepayers, destroying the fair playing field for natgas-fired electric plants in the bargain, stunk to high heaven. We told you that the entire thing was corrupt (see OH Nuclear Bailout Corruption: Gas Sacrificed for Nuke Investors). We didn’t realize just how right we were! Yesterday the Republican Speaker of the Ohio House, Larry Householder (along with several associates) was arrested on racketeering charges for taking $60 million in bribes from FirstEnergy for promoting and pushing (against the will of the people, we might add), HB 6. FirstEnergy has been served with a subpoena related to the case, although they have not (yet) been indicted. This is the largest bribery scheme in Ohio’s history!
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Expert Says Massive Appalachian NGL Storage Hub Won’t Get Built

Last week MDN brought you details of the Appalachian Storage Hub Conference coming to the Pittsburgh area (and online) on August 27 (see Appalachian Storage Hub Conference Aug 27: In-Person and Online). ShaleDirectories.com, the conference organizer, has just released details about one of the featured speakers for the event. Mike Tritt, President and CEO of Lane Power and Energy Solutions Inc., is an expert on building natural gas liquids storage facilities. Tritt has some interesting and likely controversial things to say about the planned Appalachia Storage and Trading Hub.
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Fracker BJ Services Files for Chapter 11 Bankruptcy

BJ Services, a pressure pumping (i.e. fracking) company, began life in the 1870s. BJ was purchased by, and merged into, Baker Hughes in 2009 for $5.5 billion. In November 2016, Baker Hughes along with financial partners Goldman Sachs and CSL Capital Management combined forces (and money) to turn the Baker Hughes BJ division back into a standalone company (see Baker Hughes, CSL & GS Form New US Fracking Co: BJ Services). On Monday the reconstituted BJ Services filed for Chapter 11 bankruptcy and announced they are in talks to sell off most of their assets.
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PA AG Colludes with Big Green to Double Down re Anti-Fracking

Pennsylvania’s hard-left Attorney General, Josh Shapiro, is doubling down on the fraudulent so-called grand jury report that bashes the state’s Marcellus Shale industry. Yesterday afternoon Shapiro spoke on a webinar sponsored by leftist fringe group PennEnvironment. Shapiro once again lied about fracking chemical transparency and threatened he will indict more shale companies. Shapiro is off the reservation and out of control.
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Weekly Shale Drilling Permits Issued for PA, OH, WV: July 13-17

There were 27 (!) new permits issued in Pennsylvania for shale drilling July 13-17. There were, once again, no new permits issued in Ohio. What’s up in Ohio? Is nobody filing new permit requests? Or does the ODNR have a backlog of unprocessed requests? There were 7 new permits issued in West Virginia for shale drilling last week. In PA, new permits were issued in Armstrong, Bradford, Greene, Lycoming, Susquehanna, and Westmoreland Counties. In WV all 7 permits were issued for the same well pad in Wetzel County.
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Shale Energy Stories of Interest: Wed, Jul 22, 2020

MARCELLUS/UTICA REGION: Grand jury report on fracking will not help Pennsylvanians; Toomey and Heidelbaugh sign pro-natural gas group pledge; OTHER U.S. REGIONS: AG rejects Brookline’s ban on oil, gas pipes in new buildings; NATIONAL: Joe Biden’s climate and energy plan is a gift for China; Joe Biden’s carbon tax will cost uou $5.31/Mcf for natural gas; The new oil and gas governance.
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