Marshall County Votes to Accept Gas-Powered Electric Plant
In April MDN told you about a plan from a Buffalo, NY company to build an electric generating power plant in Marshall County, WV that will use Marcellus Shale gas to power it (see Marcellus-Powered Electric Plant Coming to Marshall County, WV). The plan is a bit complicated, as we’ve previously outlined. In essence, Moundsville Power, the name of the company, will build the plant and then turn over the deed to the plant to the county. Since it will be county-owned, on paper, the company will not pay any property taxes. Instead, they will pay annual “rental” payments to the county in lieu of property taxes (see Complicated Deal for Proposed WV Gas-Powered Electric Plant). It makes the project affordable and doable. County officials recently approved the plan…
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The U.S. Energy Information Administration (EIA) ran an article in their Today in Energy online publication yesterday stating the Marcellus Shale region produced, for the first time ever, more than 15 billion cubic feet of natural gas per day (Bcf/d) in July. The Marcellus, located in Pennsylvania and West Virginia, now accounts for a staggering 40% all U.S. shale gas production. Compare that to just four short years ago, in 2010, when the Marcellus produced 2 Bcf/d. The Marcellus is, without a doubt, the most productive shale play for natural gas in the world…