Ohio RINO AG Rejects Anti-Nuke Referendum

Ohio recently passed an odious new law (House Bill 6) to prop up two bankrupt nuclear power plants and several coal-fired plants (see Ohio Nuke Bailout Law Means Fewer Natgas-Fired Electric Plants). The law raises electric rates for all Ohioans and threatens to end a number of planned natural gas-fired electric plant projects–billions of dollars worth of gas projects.
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Referendum to Overturn OH Nuke Bailout Law Gains Momentum

Two weeks ago MDN brought you news about a newly passed Ohio law (House Bill 6) to prop up two bankrupt nuclear power plants and several coal-fired plants (see Ohio Nuke Bailout Law Means Fewer Natgas-Fired Electric Plants). The law raises electric rates for all Ohioans and threatens to end a number of planned natural gas-fired electric plant projects–billions of dollars worth of gas projects.
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OH Power Plant Builder Vows Referendum to Overturn Nuke Bailout Law

Yesterday MDN brought you the news of a newly passed Ohio law to prop up two bankrupt nuclear power plants and coal-fired plants (see Ohio Nuke Bailout Law Means Fewer Natgas-Fired Electric Plants). It’s an outrageously dumb law that raises electric rates for all Ohioans and threatens to end a number of planned natural gas-fired electric plant projects (billions of dollars worth). It didn’t take long for the builder of some of those natgas plants to announce a referendum effort to overturn the new law.
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Ohio Nuke Bailout Law Means Fewer Natgas-Fired Electric Plants

A new law passed in Ohio to bail out two bankrupt nuclear plants was pitched as a way for ratepayers to save money. That was a lie. A bunch of squishy RINOs along with some Democrats in the Ohio legislature passed a new bill yesterday, signed into law immediately by Ohio’s RINO governor, Mike DeWine, to add a new surcharge to every residential and business electric bill in order to keep the two financially failing nuke plants operating for years to come. It’s a $5.4 billion boondoggle.
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LS Power Threatens to Pull $500M OH Project if Nukes Get Subsidies

LS Power, which owns a number of competitive power generation projects including the 700 megawatt dual-fuel simple cycle Troy Generating Facility located in Luckey, OH, is threatening to pull a $500 million plan to expand the Troy facility if Ohio proceeds to pass a new law subsidizing the state’s two nuclear plants. The subsidies would create an uneven playing field for natural gas-fired electric plants like the Troy facility.
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Energy Stories of Interest: Tue, Jul 16, 2019

MARCELLUS/UTICA REGION: Former EQT CEO Rob McNally gets $3.4M to leave company; PA conventional drillers want to restore program to spread brine on roads; Watson to helm Utica Shale Academy; OTHER U.S. REGIONS: Fracking in California is about to get a lot more difficult; NATIONAL: EIA expects U.S. energy-related CO2 emissions to fall in 2019; Why U.S. exports of LNG to China are expected to be a major component of a trade deal; Protest at Massachusetts home of FERC member Cheryl LaFleur; INTERNATIONAL: Climate Apartheid? (video); GALACTIC: The meaning of methane on Mars.
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Ohio Pays Another $30M to Kickstart PTT Belmont Cracker Project

We’ve found one more bit of evidence that Ohio officials believe, rather strongly, that PTT Global Chemical will move forward with building a multi-billion dollar ethane cracker in Belmont County. JobsOhio, a private non-profit with a board appointed by the Ohio governor, gets most of its operating revenue from taxes on liquor sales in Ohio. JobsOhio previously spent $17 million in 2016 to clean up the site where PTT says they may/maybe/might build a cracker plant (see JobsOhio Picks Up the $17M Cost for Prepping OH Cracker Site). JobsOhio has just committed another $30 million for “site preparation work” for the cracker. One news source reports this is “the largest grant ever awarded in the Buckeye State” (by JobsOhio).
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Ohio Says PTT Cracker Will Get Built – Bechtel Confirms EPC Contract

Last Thursday and Friday, MDN attended the Northeast Petrochemical Conference & Exhibition in Pittsburgh. There were a number of interesting stories coming from the event that we will chronicle this week. However, there was one bit of breaking news from the event: Bechtel Oil, Gas & Chemicals Senior Project Manager of Pennsylvania Chemicals, Paul Marsden, made official what we previously shared as a rumor–that Bechtel has been selected as the EPC (engineering, procurement and construction) contractor to build the PTT cracker plant complex, when and if a positive final investment decision is made. According to a number of sources, that decision will get made this year.
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Energy Stories of Interest: Fri, May 31, 2019

MARCELLUS/UTICA REGION: PA Auditor General urges Game Commission to fix its finances, better monitor gas & oil lease revenues; Ohio House approves bill to aid nuclear, coal power plants; NATIONAL: U.S. E&Ps hold line on capex, but production genie out of the bottle as natgas, oil surge; Increased need for oilfield services could tempt majors toward acquisitions: CEO; ‘9 in 10 US shale oil companies burning cash’ – Rystad Energy; Green group updates its takedown of natural gas as bridge to climate solution.
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NatGas Replacing Coal for Power Gen in Ohio; Renewables Tiny 3%

Here’s an interesting and fun fact: In just 12 years electricity generated by coal plants has gone from powering 87% of Ohio’s homes and businesses to just 47%. So-called renewables (solar and wind) make up a whopping 3% of Ohio’s electric generation. So what’s replacing coal? Natural gas, which now generates 34% of the state’s electricity. Gas still hasn’t beaten coal, but give it a few more years and it will.
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Energy Stories of Interest: Tue, Apr 23, 2019

MARCELLUS/UTICA REGION: Senate Enviro Committee to consider renominations of McDonnell (DEP), Dunn (DCNR); Pennsylvania utility regulator speaks out against state Senate’s nuclear bailout bill; OTHER U.S. REGIONS: ‘Ramifications for gas markets’ as nuclear subsidies approved in New Jersey; NATIONAL: Celebrate Fossil Fuel Appreciation Day; U.S. shale DUC wells: Time bombs waiting to go off on OPEC?; Amid the furor of the Green New Deal, don’t overlook the shale revolution; Elizabeth Warren has a lot of bad ideas, but her anti-drilling plan might be the worst; TruStar CNG fueling milestone underscores ‘success story’ of natural gas; U.S. exports transform NGL markets; Unreliable nature of solar and wind makes electricity much more expensive, major new study finds; Pulitzer Prize administrator defends process after prize goes to board member’s wife; INTERNATIONAL: ExxonMobil agrees 20-year LNG deal with China’s Zhejiang Energy.
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Energy Stories of Interest: Mon, Apr 22, 2019

MARCELLUS/UTICA REGION: PA Sen. Gene Yaw critical of Energy Transfer at industry event; False alarm – no leak in Sunoco pipeline near Philadelphia; FirstEnergy’s supposed ‘green new deal’ to bail out nuclear plants is really just a political deal; Columbia Gas employees celebrate Earth Day with cleanup in Beaver County; ODNR issues 13 permits in Utica Shale; Gov. Tom Wolf visits Marietta in long-shot push for tax on natural gas drillers; OTHER U.S. REGIONS: Port Arthur LNG given green light to start construction; FERC approves Driftwood LNG construction; The Permian-driven shale boom is slowing, and that’s OK; NATIONAL: Elizabeth Warren’s green mistake; DLA awards natural gas supply contracts to four firms; U.S. oil, natural gas prices racing in opposite directions; Why are natural gas prices crashing?; INTERNATIONAL: Cuadrilla ‘ready to frack’ at second well in Lancashire as pressure on embattled industry builds; Qatar Petroleum issues 100 LNG carriers build invite; Russia and China close to deal on ‘very big’ Arctic projects that would move natural gas.
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PA, OH Bills Would Prop Up Failing/Expensive Nuclear Power Plants

New York State is already doing it, Pennsylvania is actively considering doing it, and now, Ohio has caught the contagion too. The “it” we’re talking about is soaking electric rate payers to pump more money into the coffers of big corporations so they can keep uneconomic and financially failing nuclear electric generating plants operating. Both PA and OH lawmakers have floated plans to soak rate payers in their respective states.
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Energy Stories of Interest: Thu, Apr 4, 2019

MARCELLUS/UTICA REGION: Dominion Energy, American Red Cross present April 6 preparedness day at nine Ohio locations; Pa. Senate bill aims to aid state nuclear plants; Dominion Energy CEO: Making the switch from coal to natural gas; OTHER U.S. REGIONS: Pacific Northwest sees highest daily natural gas spot prices in the U.S. since 2014; California’s oil industry collapses despite shale boom; Chesapeake opens ‘green’ natural gas vehicle fueling stop in Dover; Washington state rail bill could put 150,000 b/d of Bakken oil shipments at risk; NATIONAL: U.S. natural gas prices unmoved by colder winter, low inventories; The U.S. oil boom is sinking OPEC imports; INTERNATIONAL: Top 10 destinations for US LNG exports; South Korea’s crude oil imports from the US could surpass 40 mil barrels in H1 2019; LNG will be big part of China-U.S. trade once tensions resolved; U.S. LNG producers offer alternative pricing to woo buyers.
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WV NatGas Power Plant Gets Final Permits, Construction Begins Soon

ESC Brooke County Power Plant concept drawing (click for larger version)

Although Big Coal tried its best to prevent a single new gas-fired electric plant from getting built in West Virginia–indeed delaying several projects for years–we’re happy to report the first such project, in Brooke County, finally has ALL of its necessary permits and will begin construction this year.
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Big Crowd Turns Out to Support/Oppose Drilling Under SWPA Park

The mystery is now solved. Last week we incorrectly (based on a Pittsburgh Tribune-Review article) reported that FirstEnergy wants to drill a well under (not on) Linbrook Park, located in the Borough of Franklin Park in Allegheny County (see original story here). It’s not FirstEnergy but PennEnergy that wants to do the drilling.
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