Marcellus Gas Heads to Florida Electric Power Plants
Do you know which of our 50 states (57 states if you’re Obama) generates the most electricity? It’s Texas! How about the state that generates the second highest amount of electricity? That would be Florida. California, our most populous state (maybe not anymore now that it’s run by lib Dems) is not in the top 2 for electric generation. Over the past few years, Florida has been dumping coal generating plants and instead building new natural gas-fired electric generating plants. Traditionally Florida has sourced its natgas from the Gulf Coast, but increasingly they now get their natural gas from–yep–the Marcellus/Utica. Say what? That’s right! How does our gas get all the way to Florida? Pipelines, of course. Specifically, Williams flows our gas south along the mighty Transco Pipeline. Marcellus gas volumes along the Transco are about to increase dramatically as the Atlantic Sunrise project comes online (see today’s story about the rest of Atlantic Sunrise going online Sept. 10). Our gas flows south on Transco to a point in Alabama where Transco connects with the Sabal Trail Pipeline–and Sabal Trail goes all the way to the Orlando area. RBN Energy does a deep dive into how our gas gets to Florida in a 2-part series. Below is part one…
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MDN brought you the exciting news that last week a New York “Supreme Court” judge (Supreme Court in NY is a lower court, one step up from county court) overruled a last-minute dirty trick by the Dept. of Environmental Conservation (DEC) to block a Marcellus-fired electric plant from starting operations (see 
Caithness Energy, a privately held company that specializes in buying or building (and operating) renewable energy and natural gas-fired power plants, owns a 350 megawatt natgas-fired power plant in Yaphank, NY–on Long Island. For more than four years Caithness has had a plan to build a second natgas-fired plant next to their first plant. The original plan was for a 750 MW plant, later scaled back to 600 MW. Local leaders in Brookhaven Town in which the existing and proposed power plant projects sit have been against the plan for a new power plant, passing restrictions in 2015 that tied the hands of Caithness, making the project impossible to build. But in July, the board reversed course and voted to repeal the 2015 restriction that limits the type of equipment Caithness can use in building the plant, clearing the way for the project (see 
A new hope has emerged for Competitive Power Ventures (CPV) Valley Energy Center, a $900 million, 680-megawatt natural gas-fired electric generating plant in Orange County, NY. Last week MDN told you that at the last minute, four days before the plant was set to start up, the Andrew Cuomo-corrupted Dept. of Environmental Conservation (DEC) pulled the ultimate dirty trick and refused to renew an air permit for the plant they previously issued five years earlier (see 
Ever hear of a PILOT? No, not the airplane kind. A PILOT is a “payment in lieu of taxes”–a common arrangement for electric generating plants. If such plants paid property taxes at full market value, the taxes would be so insanely high the plants would be uneconomical and therefore wouldn’t get built. So PILOTs are used instead. Such an agreement was recently reached between EmberClear and Harrison County, OH. In September 2016, MDN reported that EmberClear planned to fund and build a new $900 million electric generating plant in Harrison County (see 
For some reason, Competitive Power Venture (CPV) picks states that are adamantly opposed to new gas-fired electric plants as the location for new projects. We wrote yesterday about CPV’s project in Orange County, NY. With four days left before CPV was due to throw the switch and start the plant, the very corrupt Gov. Andrew Cuomo pulled the rug out from under them (see 
Two days ago MDN told you that New York’s tinhorn dictator, Andrew Cuomo, pulled the rug out from under a fully-permitted and permissioned Marcellus-fired electric plant by directing his corrupt Dept. of Environmental Conservation (DEC) to withhold renewing an air permit previously granted (see 
Andrew Cuomo is a tinhorn dictator who must be stopped (politically). NOW. Competitive Power Ventures (CPV) Valley Energy Center is a $900 million, 680-megawatt natural gas-fired electric generating plant in Orange County, NY (near the Hudson River). The plant is fully built, and the Millennium pipeline now flows Marcellus gas to it (see 
For years Energy Solutions Consortium (ESC) has been trying to build several natural gas-fired electric plants in West Virginia, but have been prevented from doing so by Big Coal lawsuits. We recently wrote about this issue, naming names (see 
There is a LOT going on at Dominion Energy that impacts the Marcellus/Utica region. Yesterday Dominion posted its second quarter 2018 update and held a conference call with investors to discuss what happened during 2Q18, and what to expect in coming quarters. Discussed on the call: (1) The Cove Point LNG export plant went online in 2Q18 and so far has shipped 19 cargoes of LNG–60 billion cubic feet of gas! (2) The $1.3 billion Greensville County, VA gas-fired electric plant is 95% built and will go online later this year. (3) The Atlantic Coast Pipeline and Supply Header Project is under construction and on track to be online by fourth quarter of 2019. (4) The SCANA Corporation merger is moving along, and a big decision from a judge is coming by Aug. 7 about whether or not SC can unilaterally force SCANA to lower electric rates by 15%. If the judge tosses that law and the 15% price reduction is out, the merger is in. If the price reduction stays, the merger is (our conclusion) questionable. Yeah, there’s a lot going on. Below are excerpts from the quarterly conference call, the full 2Q18 update, and the latest slide deck…
Macquarie Infrastructure Corporation, part of Macquarie Bank, is selling 100% of the Bayonne Energy Center (BEC) gas-fired power plant in Bayonne, New Jersey for $900 million to an unnamed buyer. BEC is a 644 megawatt gas-fired electric generation plant constructed in 2012 and expanded earlier this year. BEC distributes power into New York City via a cable that runs from Bayonne, NJ beneath New York Harbor to a substation in Brooklyn. Macquarie bought the plant in 2015 for $720 million, and now they’re flipping it, making $180 million in the process. Which we suppose is good news for Macquarie. But also somewhat strange–at least to us layman. In 2016, Macquarie bought most of the Lordstown Energy Center plant in Trumbull County, OH (see 
There is an ongoing legal squabble in Trumbull County, OH over a proposed second Utica gas-fired electric plant in Lordstown. Clean Energy Future (CEF) is currently building the Lordstown Energy Center, and has been since June 2016 (see 
Although this story concerns California, it is a preview of what’s coming to New England. Because of ongoing record-high heat in Cali, the Los Angeles Department of Water and Power (DWP) is telling residents to either “voluntarily” stop using electricity, or DWP is going to cut electricity to different communities on a rolling blackout basis. The cancer of anti-fossil fuel hatred has more fully metastasized in Cali than elsewhere in the country, and therefore Cali is an instructive case study. California, if it were it’s own country (now there’s a thought!), would be the fifth-largest economy in the world–larger than the United Kingdom, India and Brazil. Cali is the third largest consumer of gasoline and diesel on the planet, behind only China and the United States. And yet Cali persists in blocking new gas-fired electric plants, blocking pipelines, and shutting down existing oil and gas drilling. They are, in a word, insane. And now their insanity is on display for the world to see. Because of the heat wave and lack of natural gas supplies, natgas prices in Cali have zoomed to nearly $40/Mcf (thousand cubic feet). Residents now face either “voluntary” reduction in electric use–or forced blackouts. We take no pleasure (well, maybe a little pleasure) in saying Cali is reaping what it has sown…