Unatego Area Landowners Association
Students leave and families depart. Upstate New York becomes ever less affordable and opportunity ever more limited, while Cuomo cuts off pipeline lifelines.
A recent article in the Wall Street Journal, “Power Plants Arise Near Natural Gas” noted the construction of billion dollar gas-fired electric plants in the Marcellus region of Pennsylvania. Company reps for Calpine, Invenergy, Dynegy, and Caithness said the proximity to abundant, low cost gas was the reason.
The Marcellus produces about one third of the country’s production at a steep discount to the Henry Hub standard. Contracts have sold as low as $1/mmBtu, about one third of the national price. However, difficulties in moving the gas to markets have induced power producers to move closer to supply.