OH Supreme Court Keeps Door Open to Reverse $1B Nuke Bailout
The Ohio Supreme Court, on Christmas Eve, threw a lifeline to an effort to overturn an Ohio law that provides corporate welfare in the form of $1 billion of ratepayer (taxpayer) money to FirstEnergy (which recently changed its name to Harbor Energy). The Ohio law provides the funds to FirstEnergy so they can keep two economically failing nuclear power plants up and running, giving the plants an unfair advantage over gas-fired plants that don’t receive corporate welfare.
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One of the companies in the Marcellus industry targeted for extinction by Pennsylvania’s former Attorney General, Kathleen Kane, was Minuteman Environmental Services (see
The Battle Run Compressor Station, owned and operated by Williams and located in Valley Grove (Ohio County), West Virginia, exploded and caught fire Saturday night. Fortunately no one was injured and the fire was extinguished within a half hour. Williams has “isolated” the flow of gas to the facility while the incident is investigated.
Columbia Gas of Ohio (NiSource) recently announced a new $135 million pipeline project to bring new supplies of Utica-sourced natural gas to homes and businesses located north and west of Columbus, in central Ohio. The project, called the Northern Loop Project, will file for regulatory approval with the Ohio Power Siting Board and hopes the OPSB will approve the project in 2020, with construction set to happen in 2022.
Pennsylvania Public Utility Commission Law Judge Elizabeth Barnes has tried to stop or block or otherwise do damage to the Mariner East pipeline projects for years. Most (all?) of her actions against the project have, in the past, been reversed by a vote of PUC Commissioners (see
In what has become an ongoing pattern, THE Delaware Riverkeeper (aka Maya van Rossum) has lost yet another lawsuit (in federal court) against a pipeline project–in this case the Millennium Pipeline expansion project called the Eastern System Upgrade.
Delays in building new pipelines, like the PennEast Pipeline, have real, tangible costs for natural gas customers. In the case of PennEast, natgas customers in southeastern Pennsylvania and New Jersey are paying billions in higher gas costs because PennEast is not yet built. Even worse, there’s a looming shortage coming in New Jersey.
Superior Energy Services, based in Houston, Texas, is an oilfield services company with service lines including: rig services, coiled tubing, wireline, pressure control, flowback, fluid management and accommodations. Once upon a time Superior had a meaningful presence in the Marcellus/Utica. Superior just announced it is shedding its onshore shale business lines, separating them out and merging them with another company, Forbes Energy Services. What’s left of Superior will concentrate on offshore and international oil and gas markets.
Keystone Clearwater Solutions, a company that provides water services for shale drillers in the Marcellus/Utica, is “coming home” in a sense. We told you in November that SC Water, LLC, a Pennsylvania-based natural gas and oil industry investment group, announced it had signed an agreement to buy Keystone Clearwater from American Water for an undisclosed amount (see
Several weeks ago the founder and CEO of Tallgrass Energy, David G. Dehaemers Jr.,
In May, Weatherford International, the world’s fourth largest oilfield services (OFS) company, finally succumbed and announced it was filing for a “prepackaged” bankruptcy (see
In August the Federal Energy Regulatory Commission (FERC) ruled that the New York Dept. of Environmental Conservation (DEC) took too long to deny a federal Clean Water Act “Section 401” water crossing permit for the Williams Constitution Pipeline project (see 