New York Electric Prices Up 50%, NatGas Up 75% – Lack of New Pipes
The price of electricity and natural gas in New York State is through the roof. Average New York Independent System Operator (NYISO) power prices across major hubs increased by 50% year over year in May, and natural gas prices increased nearly 75% year over year. It’s a train wreck here in New York. And you can directly blame Andrew Cuomo and the Democrats in the NY legislature for blocking new natural gas pipelines. That’s the root cause. No pipelines = obscenely high prices for electricity and gas.
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On March 19 Williams petitioned the Federal Energy Regulatory Commission (FERC) to extend the time to build the FERC-approved Northeast Supply Enhancement (NESE) pipeline project in the New York City area by an extra two years (see
New York State has become outright hostile to any business remotely connected to fossil fuels. NY is prejudiced and discriminates against oil and natural gas. The latest example is a “bitcoin miner” that uses natural gas to produce electricity to power some serious computers. Even though the company is doing its best to atone for its “sin” of using natural gas via buying indulgences (aka carbon offsets), environmentalist wackos still oppose the facility located in Dresden, near beautiful Seneca Lake (one of New York’s Finger Lakes) in the central part of the state.
On July 18, 2019, New York Gov. Andrew Cuomo signed into law the Climate Leadership and Community Protection Act (Climate Act). It is among the craziest and stupidest climate laws in the world, requiring NY to reduce so-called greenhouse gas emissions by 40% by 2030 and by 85% by 2050 (from 1990 levels). The law creates a Climate Action Council charged with developing a scoping plan of recommendations to meet these targets. The Council has multiple “panels” to assist. One of the panels is the Power Generation Advisory Panel, filled with far-left, Big Green people. That panel is about to recommend NY State prohibit the construction of any new natural gas-fired power plants–beginning now.
For those of us unfortunate enough to live in New York State, we’re already screwed with a corrupt governor large and still in charge (even though his actions led to thousands of COVID deaths in nursing homes and even though he’s a sexual predator). The screwing (pun intended) continues. There are bills in both the NY Assembly and Senate that aim to increase the tax on gasoline in the state by $0.55 per gallon! In addition, the bills would increase the tax on natural gas that end users pay–those who use it to heat and cook with, residences and businesses–by an extra 26%!! Translation: Move out of NY while you still can sell your house. And don’t forget to turn the lights off when you leave.
It’s now obvious to even the dullest person that Andrew Cuomo and his completely corrupted Dept. of Environmental Conservation has one mission in mind with respect to the state’s oil and gas industry: Kill it. It began when Cuomo first placed a moratorium, later a permanent ban on hydraulic fracturing in the state (see
It should come as no surprise that a group of far-left “environmentalists” who belong to New York State’s Power Generation Advisory Panel is recommending to Lord Cuomo that the state simply ban and block any and all new natural gas-fired power generating plants from being built in the state. Why? Because they have a mental condition that causes them to irrationally hate fossil fuels, including natural gas. That’s the only explanation that makes sense. Why else would Americans (who supposedly love freedom) advocate for the unconstitutional action of blocking a legitimate and legal business?
Last week we brought you the earthshattering news of a resurrection–the resurrection of the Williams Northeast Supply Enhancement (NESE) pipeline project in the New York City area (see
The vicious, relentless attacks on our freedoms and liberties in New York State continue. We can’t even catch our breath with the assaults coming so fast and furious. The latest salvo is by NY State Sen. Jessica Ramos (Democrat, East Elmhurst) who has proposed the Clean Futures Act (S.5939) which would not only ban the permitting and building of new natural gas-fired power plants throughout the state, it would also ban “the permitting of all new major facilities that burn fossil fuels, not just those that sell power to the energy grid.” In other words, any large office building, factory, etc. that gets built would not be able to heat with natural gas or fuel oil. New York is already closed for business, can you imagine the wholesale flight from the state should this Communist law get passed?
Hey, it’s that time of year when thoughts turn to the events of some 2,000 years ago and a Jewish rabbi named Jesus who was raised from the dead. Although nowhere near as world-changing as that event, we have another rise-from-the-dead situation: Williams’ Northeast Supply Enhancement (NESE) pipeline project. We told you in May of last year after the corrupt Governor of New York, Andrew Cuomo, and Gov. Phil Murphy of New Jersey refused to grant permits to build NESE, that Williams had walked away form the project (see 
In yet another pathetic attempt to deflect attention away from his own crimes while in office (groping women, forcing nursing homes to accept COVID patients who infected other residents who died), Andrew Cuomo’s office yesterday announced a “settlement” with utility company National Grid (provides natural gas to half of New York City and all of Long Island). Cuomo’s office claims National Grid failed to protect underground gas pipelines from corrosion, which translates into $21 million of fines disappearing into the black hole of the Cuomo administration.
Last summer MDN brought you the news that the Sierra Club lost a lawsuit aimed at blocking a landfill in New York State from accepting oil and gas drill cuttings from Pennsylvania (see
More than six years ago a group of landowners in Wayne County, Illinois sued the state for its refusal to grant permits to drill and frack in the New Albany Shale deposit. Over the years the case morphed and the plaintiff became Next Energy, LLC, which acquired the leases to explore and develop the shale under the landowners’ property. The huge news is that the U.S. Supreme Court has taken an active interest in the case and is demanding the Illinois Attorney General file a response to the case–a key indicator the Supremes are leaning toward hearing the case.