In the 165 years since the first American oil well struck black gold, the industry has punched millions of holes in the earth, seeking profits gushing from the ground. Now, those wells are running dry, and a generational bill is coming due.
The U.S. House voted Thursday to approve a bill that would preempt the Biden administration’s move last month to pause new approvals for some liquified natural gas exports.
The bills broadly seek to force electric utilities to file with state regulators a record of their votes at PJM, the nation’s largest regional transmission organization. But it’s something of an uphill fight.
Pennsylvania U.S. Sens. John Fetterman and Bob Casey wrote a letter to President Joe Biden this week expressing concern about the president’s decision to pause some export approvals for liquified natural gas, or LNG.
PJM, the nation’s biggest grid operator, is changing how it plans transmission upgrades needed to ensure reliable service for the 65 million people who live in its footprint.
The U.S. Energy Department will pause approvals of new exports of liquified natural gas to all countries without a free trade agreement with the United States, Secretary Jennifer Granholm and White House National Climate Advisor Ali Zaidi said on a press call Thursday.
A new report found Pennsylvania communities could be negatively affected by the increasing financial risk in the nation’s largest electricity market.
As winter approaches, energy costs for Pennsylvania residents will rise with utility companies adjusting their seasonal energy supply prices.