Energy Stories of Interest: Fri, Jul 26, 2019
MARCELLUS/UTICA REGION: NYC mayor suggests ConEd takeover after heat forces shutdown; OTHER U.S. REGIONS: TECO coal to natural gas conversion approved; A lot of new LPG export dock capacity is on the way; NATIONAL: Challenging times for U.S. shale: The industry has seen it all before; The EIA’s July energy report in pictures; Job losses hit as shale slows down; The New York Times says heat waves are getting worse…the National Climate Assessment disagrees.
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A sad end to the hope that Braskem, the largest petrochemical company in Latin America (headquartered in Brazil), is going to build an ethane cracker in Wood County, WV, near Parkersburg. We hasten to add Braskem leaving doesn’t mean someone else won’t will build a cracker plant there–it just won’t be Braskem. News is leaking that Braskem has put the land they had purchased for a possible cracker up for sale.
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 
In February MDN brought you the news that EQT had settled a class action lawsuit in West Virginia with landowners and rights owners ending EQT’s practice of post-production deductions from royalty checks (see 
Earlier this week MDN told you that a New Jersey state appeals court shot down a lawsuit (one of many) against New Jersey Natural Gas’ (NJNG) $130 million, 22-mile natural gas pipeline project called the Southern Reliability Link (see 
Less than 24 people (some of them paid protesters) gathered at a park in Jersey City, NJ to protest and ask NJ’s leftist Governor, Phil Murphy, to block NJ Transit’s plan to build a tiny 140-megawatt natural gas-fired electric plant in Kearny, NJ (see 
Fossil fuel haters who refuse to allow a new natural gas pipeline in Massachusetts are causing real economic harm in cities like Holyoke. The mayor of Holyoke is one of those inflicting economic harm–on his own citizens!–by opposing a small 2.1-mile expansion of the Tennessee Gas Pipeline. A Holyoke City Council member is floating a resolution to support the pipeline, trying to change hearts and minds. Is he spitting in the wind?
JKLM Energy, a Pennsylvania gas drilling company founded by Buffalo Bills owner Terry Pegula, is “temporarily halting” operation of its single drilling rig (in Potter County) due to the low price of natural gas.
A landowner in Pike County, PA called King Arthur Estates LP, challenged Kinder Morgan’s Tennessee Gas Pipeline (TGP) over the amount of money they should receive to have a pipeline cross its land–and has won the right to use PA’s more generous laws on compensation rather than the federal government’s more stingy laws on “just” compensation. The decision sets a precedent for all PA landowners.
The stories are beginning to appear in New York metro and now national media that Gov. Andrew Cuomo’s decision to block the Williams Northeast Supply Enhancement (NESE) pipeline project is having serious negative economic consequences–right now. For example, the owners of a New York City deli had planned to open a new burger restaurant in Brooklyn. National Grid is refusing to run gas service to the ready-to-go restaurant, and now the deli owners are left holding a $400,000 bag (of loans) to repay for work in getting the new restaurant ready.
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.
A recent article by the American Enterprise Institute tackles the issue of how the Jones Act is keeping Puerto Ricans from fully recovering from Hurricane Maria, which happened in 2017. Puerto Rico is U.S. territory, subject to U.S. laws. One of those laws is the 1920 Jones Act, which makes it illegal to ship anything from one U.S. port to another U.S. port if the ship was not made here in the U.S. and crewed by Americans (under a U.S. “flag”). Since there are zero LNG carriers manufactured in the U.S.–that means Puerto Rico can’t receive U.S. LNG (in particular Marcellus LNG) to help in its recovery. What a travesty.
The City of Philadelphia owns the largest municipal-owned natural gas utility in the country, Philadelphia Gas Works (PGW). Philly sits not far from, and now benefits from, abundant, clean-burning natural gas deposits in the PA Marcellus. And yet there are those lunatic nutjobs who want Philadelphia to do what the city of Berkeley, California (which we call Beserkley) did and ban the use of natural gas in new buildings. Philly, to its shame, is conducting a “study” to figure out how to transition PGW away from selling natgas. The so-called study is being funded by Bloomberg, meaning it’s a shame from the start–not a true study but a propaganda piece.