PA Electric Utility Dropping Rates – Again
Electric utility Penelec, a subsidiary of FirstEnergy Corp. serving 600,000 customers in 31 western Pennsylvania counties, announced they are dropping the rate they charge for electricity for the third quarter in a row, saving the average residential customer an additional 4.2% on their electric bill.
Why the rate drop? In part, because of the Marcellus Shale.
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Depending on which news source you read, yesterday’s anti-fracking protest rally and march in Albany, NY drew “hundreds” of protesters, “more than 1,000” or “about 1,200.” Any way you slice it, there were a lot of loud-mouthed people in Albany yesterday, trying to catch the attention of one person: Gov. Andrew Cuomo.
The witch hunt at the University at Buffalo (UB) continues. This time 83 UB faculty members have taken up their pitchforks and torches to aid in the hunt against the university’s new Shale Resources and Society Institute.
There’s a new “alpha dog” of Utica Shale wells in Ohio that’s upstaging Chesapeake Energy’s Buell well. The Gulfport Energy Wagner 1-28H well in Harrison County is producing an enormous amount of natural gas—record-breaking in fact.