PA’s Biggest NatGas Power Plant to Buy Gas Based on Electric Price
Earlier this month MDN brought you the exciting news that Cabot Oil & Gas, which only drills in the Marcellus in Susquehanna County, PA, will provide the low-cost natural gas that will power Pennsylvania’s largest natgas-fired electric generating plant, to be built in neighboring Lackawanna County by Invenergy (see Cabot Cuts Deal to Supply PA’s Largest NatGas-Fired Electric Plant). No specifics were mentioned in the announcement for how much money the natgas plant will pay Cabot for the gas. Perhaps we now know why. What Invenergy will pay will be (mostly) based on the price it receives for the electricity it produces…
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The pieces of a very complicated puzzle continue to fall into place to build what will be Pennsylvania’s largest natural gas-fired electric generating power plant in Lackawanna County, PA–near Scranton. Invenergy plans to build the Lackawanna Energy Center, a 1,480 megawatt plant in Jessup, PA that will cost “well over $1 billion” according to an exclusive MDN source working on the project (not $500 million as we previously estimated). The PA Dept. of Environmental Protection (DEP) approved the plant last December (see
Kinder Morgan’s Tennessee Gas Pipeline Company (TGP) is proposing to build a small pipeline near Scranton, PA to service what will be the state’s largest natural gas-fired electric generating plant, in Jessup (see
The Keystone Sanitary Landfill is Pennsylvania’s third busiest landfill–located on the outskirts of Scranton. The Keystone Landfill accepts drill cuttings from Marcellus drilling. Last year Keystone applied for a permit to expand the landfill once again–but instead of outward, they want to expand it upward, making it higher, to gain more capacity. At present about 10% of the incoming waste stream at the landfill is shale waste. The Pennsylvania Dept. of Environmental Protection (DEP) had, as of last summer, delayed granting the expansion request pending more study (see
We wonder, do the liberal editors of the Democrat propaganda machine known as the Scranton Times-Tribune consider it “fair” to close down legitimate businesses that provide jobs and tax revenue to the state by targeting them with even higher taxes, forcing them out of business because they no longer turn a profit? Is “profit” a bad word around the news room of the Times-Tribune? Is the word “capitalism” banned from so-called reporters’ lips at the Times-Tribune? Those are the kinds of thoughts that roll around our brain box when we read yet another sycophantic “we need to tax the Marcellus industry more than we do already” editorial from the brainiacs at the Times-Tribune…
The Christ-less editorial board of the Scranton Times-Tribune has all of a sudden gotten the Catholic religion. The anti-drilling Dems who run the Times-Tribune are normally religion-free–but since Pope Francis visited Philly and mouthed words that he believes in the myth of man-made global warming, Pope Francis (regardless of his stance on issues like abortion) is the new patron saint of the Times-Tribune. They go so far in their latest editorial as to link Pope Francis and another Democrat saint–John Quigley, the PennFuture Secretary of the PA Dept. of Environmental Protection…
As MDN has previously chronicled, Chicago-based Invenergy hopes to build what will be the largest (to date) electric generating plant in the state of Pennsylvania powered by natural gas (see