PA PUC Distributes 2023 Impact Fee – Revenue Dropped $99M YOY

There's no way to sugarcoat bad news. The Pennsylvania Public Utility Commission (PUC) predicted in January that money raised by the shale impact fee (PA's version of a severance tax) would plummet this year (see PA PUC Publishes Fee Schedule for Marcellus Impact Fee/Tax 2023). And indeed, plummet it did --- not quite as much as the original prediction, but bad enough. The state raised and is in the process of distributing $179.6 million based on 2023 activity. That's down just over $99 million from a record-high $278.9 million raised and distributed last year from 2022.

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