inflation reduction act

ComEd Study Sees Monthly Natural Gas Heating, Gasoline Fuel Costs Rising in Illinois

ComEd Study Sees Monthly Natural Gas Heating, Gasoline Fuel Costs Rising in Illinois

Energy and Environmental Economics Inc. (E3), a sustainability consulting firm, revealed that while electrification overtakes natural gas heating as Illinois targets net-zero emissions by 2050, the state’s electric grid may shift from a summer-peaking to a winter-peaking system.  In a study commissioned by the state’s largest electric utility, Commonwealth Edison Co. (ComEd), E3 reported that…

December 28, 2022
Oil, Natural Gas Lease Sales Proposed for Nevada and Utah

Oil, Natural Gas Lease Sales Proposed for Nevada and Utah

The Bureau of Land Management (BLM) has begun a one-month scoping process to take comments on potential oil and natural gas lease sales across parts of Nevada and Utah. The Interior Department agency is reviewing potential auctions for up to 35 parcels in Nevada totaling 63,604 acres and 18 parcels in Utah totaling 31,808 acres.…

November 23, 2022
Senate Democrats Scrap Energy Permitting Reforms; Mountain Valley Natural Gas Conduit in Doubt

Senate Democrats Scrap Energy Permitting Reforms; Mountain Valley Natural Gas Conduit in Doubt

Senate Democrats removed language on comprehensive permitting reform from an emergency government funding bill passed late Tuesday in a defeat for Sen. Joe Manchin (D-WV) and the natural gas industry. Manchin had voted in favor of President Biden’s Inflation Reduction Act of 2022 (IRA) on the condition that Majority Leader Chuck Schumer (D-NY) include an…

September 28, 2022
CPV Proposes 1,800 MW Natural Gas Project Using CCS in West Virginia

CPV Proposes 1,800 MW Natural Gas Project Using CCS in West Virginia

Competitive Power Venture Inc. (CPV) has proposed a 1,800 MW combined-cycle natural gas power plant in West Virginia that could be the state’s first to utilize carbon capture and storage (CCS) infrastructure. CPV announced the potential $3 billion investment in Charleston, WV, earlier this month alongside Sen. Joe Manchin (D-WV). Maryland-based CPV also disclosed the…

September 22, 2022
Inflation Reduction Act Seen Vastly Improving CCUS Economics for Natural Gas Power Plants

Inflation Reduction Act Seen Vastly Improving CCUS Economics for Natural Gas Power Plants

The Inflation Reduction Act of 2022 (IRA) could more than double the amount of carbon dioxide (CO2) emissions that can economically be abated via carbon capture, storage and utilization (CCUS), according to modeling by Enverus. Natural gas-fired power plants, oil refineries and upgraders, as well as cement production, are among the emitting sources that would…

August 29, 2022
Oil, Natural Gas Industry Digesting Impact of Democrats’ Inflation Reduction Act

Oil, Natural Gas Industry Digesting Impact of Democrats’ Inflation Reduction Act

A $369 billion climate and energy spending package unveiled by Senate Democrats last week could impact the oil and gas industry on multiple fronts, namely with regard to leasing, royalty rates and methane emissions.  Senate Majority Leader Chuck Schumer and fellow Democratic Sen. Joe Manchin announced an agreement late Wednesday to add the energy and…

August 2, 2022