VICTORY! PA Budget Deal Kills RGGI Carbon Tax for Good
For seven looooooong years, Pennsylvania Senate Republicans (and MDN, we modestly add) have fought against enrolling the Keystone State in the Regional Greenhouse Gas Initiative (RGGI) carbon tax scheme. RGGI taxes gas- and coal-fired power plants, charging them so much per ton of carbon dioxide emitted. The aim is to eliminate these sources and replace them with unreliable renewable energy sources, such as wind and solar. PA’s former failed Governor, Tom Wolf, tried to force the state to join RGGI via an executive order (see Gov. Wolf Goes Bonkers: EO Destroying Gas-Fired Elec, Carbon Tax). His failed replacement, Josh Shapiro, also tried to force the state into the compact (see PA Gov. Shapiro Proves He’s Radical Left – Appeals RGGI Decision). As of yesterday, with a newly passed and adopted budget deal (four months late), RGGI is now permanently gone, never to be resurrected. It is a complete and total victory for brave Senate Republicans who held the line. Hats off! Read More “VICTORY! PA Budget Deal Kills RGGI Carbon Tax for Good”
Federal safety officials are investigating leaks of ethane near two small underground storage tanks at the Cove Point LNG export terminal in Maryland and have requested that they be taken out of service immediately, citing potential safety concerns. The cause of the leak appears to be related to the tanks or their piping. However, Cove Point LNG, a facility owned and operated by a Berkshire Hathaway Energy subsidiary, maintains that the 40-gallon tanks are “safe to operate under the current conditions” and that the leaks have never posed an unsafe condition for employees or the community. The Pipeline and Hazardous Materials Safety Administration (PHMSA) issued a proposed safety order in mid-October, and the company has requested an informal consultation to discuss it. 
Despite claims by anti-fossil fuelers that the Tenaska Westmoreland Generating Station in southwestern PA would spread disease and death if it were built, it’s been up and running since 2018, producing power and generating money for both its builders and the community. Oh, and everyone is in good health. However, the plant has been operating under a state permit since it opened. It needs a federal Title V permit for long-term operation. The state Department of Environmental Protection (DEP) is the agency that issues such a permit and is proposing to do so, which (of course) has antis’ knickers in a twist. In particular, antis are complaining that there are no public complaining sessions scheduled. 
Since August, we’ve reported about an ongoing war of words between the City of Marietta officials (mostly Republicans) and the Ohio Department of Natural Resources (ODNR) over a permit for a fifth wastewater injection well located close to the city (see 
In January 2023, New York Gov. Kathy Hochul, a leftist Democrat, floated a plan to ban natural gas hookups in every single new home and business across the “Empire” State (see 
The U.S. Energy Information Administration (EIA) issued its latest monthly Short-Term Energy Outlook (STEO) yesterday. The STEO is the agency’s monthly best estimate of where energy prices and production will head over the next 12 months. In this latest assessment, EIA reversed its months-long trend of lowering its estimates for the Henry Hub spot price for 2025. The agency expects the HH spot price to average $3.50 per million British thermal units (MMBtu) in 2025, $0.10 higher than last month’s forecast. EIA also raised its 2026 forecast by $0.10 to $4.00/MMBtu. Recent soaring HH prices appear to have influenced the official price dartboard at EIA HQ. 
ECA Marcellus Trust I, the royalty interest holder in some of the wells drilled and maintained by Greylock Energy in Greene County, PA, announced yesterday that it will issue a 2-cent per unit dividend to unitholders for the third quarter of 2025. The company continues to hold back some profits ($90,000 in 3Q25) to build a cash reserve for “future known, anticipated or contingent expenses or liabilities.” ECA Marcellus Trust I, traded over-the-counter on the Pink Sheets, canceled distributions to investors for the first three quarters of 2020 due to the pandemic and the crash in oil and gas prices. The company restarted paying dividends in 4Q20. Since then, the Trust has paid out something in most quarters, floating from under a penny to as high as 18 cents/unit in 3Q22. 
MARCELLUS/UTICA REGION: EPA head visits WV to talk economy, manufacturing and energy; OTHER U.S. REGIONS: Chevron chooses W. Texas for 1st AI data center power project; Stefanik hits Hochul on energy ahead of $800/year utility hikes; NATIONAL: U.S. natural gas futures edge down in choppy trade; RFK Jr. probes health dangers of offshore wind turbines; Six FIDs, $72 billion – U.S. LNG’s record-breaking year; Oil vs. Gas – diverging valuations in the energy patch persist; INTERNATIONAL: Oil sinks as OPEC acknowledges supply surplus; Energy is the foundation of every digital addition.