Ohio Ballot Initiative to Overturn Nuke Bailout Goes to Fed Court
The fight to overturn Ohio’s House Bill 6, a $1 billion bailout (freebie) given to FirstEnergy to prop up its uneconomical nuclear power plants is getting nasty. Really nasty. We previously told you about FirstEnergy’s lying commercials that claim China controls the state’s natural gas industry–because a Chinese bank loaned some of the gas-fired plants money (see FirstEnergy Runs Attack Ad, Claims China Controls OH NatGas Plants). Somehow FirstEnergy got Ohio Attorney General Dave Yost and got him to overturn the the language of the referendum, disqualifying it on a technicality (see Ohio RINO AG Rejects Anti-Nuke Referendum). Because of Yost’s action, there isn’t enough time to get enough signatures. So the matter has gone to federal court, asking for more time.
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Andrew Cuomo, the man-child governor of New York, is having a terrible, horrible, no good, very bad day. Or week. For the past few weeks the New York Post has repeatedly hammered Cuomo over his decision to block the Williams Northeast Supply Enhancement (NESE) pipeline project that would bring critical new supplies of natgas to Long Island and New York City. The Wall Street Journal also joined in by hammering Cuomo over the same issue, pointing out Cuomo is to blame for thousands of utility customers of National Grid who now cannot connect, yet Cuomo is forcing National Grid to add them anyway (see 
Yesterday Dominion Energy announced it has sold a 25% stake in the completed Cove Point, Maryland LNG export facility to Brookfield Asset Management for a cool $2 billion. Dominion completed the $4.1 billion facility in 2018. The share just sold to Brookfield values the facility at $8.22 billion. Holy smokes! Nice play–to double the value of your investment in not much more than a year after completing it. What will Dominion do with all that cash?
In July MDN brought you the news that Range Resources had sold a 2% overriding royalty interest on 350,000 acres “in southwest Appalachia” for $600 million (see 
In April President Trump issued an Executive Order (EO) directing the Secretary of Transportation to write a new rule allowing specially constructed tanker cars for railroads (DOT-113 tank cars) to ship LNG, i.e., liquefied natural gas (see 
Natural gas end-users, which include American households, businesses, manufacturers, and electric power generators, have realized $1.1 trillion in savings since 2008 as a result of increased natural gas production in the Marcellus/Utica region, according to a new report released yesterday. You read that right! Folks across the country have benefited by using M-U gas to the tune of $1.1 trillion in savings. Astonishing! The new report (full copy below) says the total savings works out to be an average of $4,000 per household. Thank God for fracking and horizontal drilling in the Marcellus/Utica.
Earlier this month Pennsylvania Gov. Tom Wolf went completely off his rocker with a power-grab to force PA into a regional alliance to tax natural gas-fired electric plants out of existence (see 
A recent editorial written by the editors of the Wall Street Journal begins with this superb sentence: “New York Governor Andrew Cuomo has a habit of bullying others to cover for and fix his policy blunders.” It goes on to rip Cuomo to shreds for his bullying of National Grid, forcing the company to add new natural gas customers against its wishes because come wintertime, they may not have enough gas to service all customers in the Greater New York City/Long Island region. Why a moratorium on new customers? Because Cuomo denied National Grid a pipeline to supply the gas they need–the Northeast Supply Enhancement (NESE) pipeline.
Last Friday, Oct. 18, was the 100th day since Toby and Derek Rice took over the leadership at EQT, the country’s largest natural gas-producing company. The Rice boys won a proxy fight in July to elect a new board (and themselves) to lead the company (see 
Eureka Resources, which owns and operates a centralized treatment/recycling facility in Bradford County, PA to process Marcellus watewater, is getting a $1.5 million state Redevelopment Assistance Capital Projects grant to help the plant launch a high tech solution to recover lithium from Marcellus wastewater. Yes, lithium, like that used to manufacture rechargeable batteries.
In March 2018 MDN brought you the news that Pittsburgh International Airport (PIT) was exploring the possibility of producing its own electricity (see 
Duke Energy loves natural gas-fired electric plants. Duke plans to build up to 4.7 gigawatts (GW) of new natural gas electric capacity in North and South Carolina between 2029 and 2034. In Florida, Duke plans to increase the amount of gas in its electric generation mix to 77% in 2027, up from 64% in 2017. And in Indiana, Duke wants to build a new natural gas plant in 2028, and another in 2034. Duke’s VP of state energy policy, Diane Denton, recently sang the praises of natgas at an Energy Bar Association meeting–saying natural gas “is critical to decarbonization strategy.”