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Warren Buffett Buys Remaining 8% of Berkshire Hathaway Energy

Berkshire Hathaway, owned by one of the richest men in the world, Warren Buffett, owns an energy subsidiary called Berkshire Hathaway Energy (BHE). BHE, in turn, owns major oil and gas assets across the country, including major assets right here in the Marcellus/Utica. In 2020, BHE cut a deal to buy Dominion Energy’s vast network of pipelines in the Marcellus/Utica (and beyond) for $9.7 billion (see Dominion Cancels Atlantic Coast Pipe, Sells Pipe Biz for $9.7B). The deal included a 25% stake and operational control of Cove Point LNG (later upgraded to 75% ownership). We didn’t know that Berkshire Hathaway, the mothership, only owns 92% of BHE. The percentage is about to change to 100%. Read More “Warren Buffett Buys Remaining 8% of Berkshire Hathaway Energy”

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Iroquois Pipeline Gets New President on Jan. 1, 2025

Scott Rupff

Iroquois Gas Transmission is co-owned by subsidiaries of TC Energy Corp. and Berkshire Hathaway Energy. The partnership commenced operations in 1991 and operates a 414-mile interstate natural gas transmission pipeline extending from the U.S.-Canada border, near Waddington, to South Commack, Long Island, New York, and over into Hunts Point, Bronx, New York. Iroquois also provides services to local gas distribution companies, electric utilities, electric power generators, and marketers. Iroquois’ wholly-owned subsidiary, the Iroquois Pipeline Operating Company, headquartered in Shelton, Connecticut, is the agent for and operator of the pipeline. Scott E. Rupff has been appointed President of the Iroquois Pipeline Operating Company, effective January 1, 2025. Read More “Iroquois Pipeline Gets New President on Jan. 1, 2025”

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Lowering Conn. Electric Rates Requires More NatGas, Not Renewables

Renewables Emperor has no clothes

Connecticut has the fifth highest electricity rates in the U.S., right behind two of its neighbors, Massachusetts and Rhode Island. Only Hawaii and California have higher rates outside of New England. Two different pipeline companies—Iroquois Gas Transmission and Algonquin Gas Transmission—have proposed projects to expand existing pipelines to bring more natural gas to the region, which would help lower the cost of electricity. Yet anti-fossil fuel zealots are pressuring Connecticut to block both projects. Talk about DUMB. Read More “Lowering Conn. Electric Rates Requires More NatGas, Not Renewables”

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Highlights from 2024 Shale Insight Event Held in Erie, PA

The SHALE INSIGHT® 2024 event was held from September 24 to 26 at the Bayfront Convention Center in Erie, PA. Attendees got an insider’s view from the nation’s foremost energy leaders and experts on shale development, environmental protection, pipeline investment, energy-driven manufacturing, and in-demand jobs. We brought you a few news items we noticed in mainstream media from the event, one about antis protesting outside the event (see The Lying Nun Makes an Appearance at Shale Insight Event), and another about which U.S. Senate candidate attended and which one snubbed the event (see U.S. Senate Candidate McCormick Addressed Shale Insight In Person). By all accounts, there were many excellent speeches and panel discussions. Today, we have highlights from the main stage. Read More “Highlights from 2024 Shale Insight Event Held in Erie, PA”

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Double Blow for “Green” Hydrogen: Too Expensive, Uses Toxic PFAS

We happened to come across two articles casting doubt on so-called “green” hydrogen, both from far-left media outlets (Bloomberg and POLITICO). Which kind of surprised us. The left believes hydrogen is the savior that will move the world to net zero carbon emissions and finally drive a stake in the heart of fossil energy. But there’s a problem with hydrogen for the left. Today, 95% of all hydrogen is produced by using natural gas as the feedstock. The brainiacs on the left believe passing an electric current (from electricity provided by solar and wind) through water to create hydrogen at scale (called “green” hydrogen) is the solution to replace natgas as a feedstock (called gray or blue hydrogen, depending on whether or not CO2 is captured). However, according to a new Harvard University study, producing green hydrogen isn’t economically feasible (and won’t be for decades) due to transportation and storage costs, two items overlooked in most green hydrogen scenarios. Read More “Double Blow for “Green” Hydrogen: Too Expensive, Uses Toxic PFAS”

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Study: Low-Carbon Hydrogen Production from U.S. NatGas Resources

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Researchers at the University of Wyoming published a study in the journal Environmental Science & Technology yesterday that addresses resource, environmental, economic, policy, and societal issues related to low-carbon hydrogen production by steam methane reforming with carbon capture and storage in Wyoming and other natural-gas-rich states (like Pennsylvania, Ohio, and West Virginia). “Unlocking Potential for Low-Carbon Hydrogen Production from U.S. Natural Gas Resources” makes the case that using natural gas as feedstock to create hydrogen is the most cost-effective way to quickly scale up hydrogen production. Read More “Study: Low-Carbon Hydrogen Production from U.S. NatGas Resources”