An Armstrong County oil and gas producer is keeping pace with a growing trend in the alternative fuel industry with its recent opening of a compressed natural gas fueling station at 90 Glade Drive in East Franklin.
“This is a new thing,” said John Rupp, project manager for Snyder Brothers of East Franklin. “We're open 24 hours a day, seven days a week.”...
Bloomberg: A glut of cheap natural gas trapped in the U.S. Northeast will be heading south by the end of the year, radically changing the price differences between the regions. Pipeline expansions by Williams Cos., Kinder Morgan Inc. and Spectra Energy Corp. will carry shale gas from the Marcellus reservoir to southern states as early as the fourth quarter. That’ll narrow the premium for gas in the Southeast to as little as 30 cents per million British thermal units from more than a dollar versus the Northeast, Genscape Inc. and Tudor Pickering Holt & Co. said July 20.
New pipelines are closing the divide between the winners and losers of America’s shale revolution as long-awaited supplies from tight-rock formations move to southern states and other regions. Without a Marcellus of its own, the Southeast, including Florida, where demand is booming, has missed out on the cheap fuel that has come with increased output. READ FULL STORY
Talen Energy Corporation (NYSE: TLN) announced an agreement today (7/20) to acquire MACH Gen, LLC, which owns more than 2,500 megawatts of combined-cycle, natural gas-fired generating capacity, for $1.175 billion inclusive of any assumed debt, subject to customary purchase price adjustments.
"This negotiated deal represents a significant step in the execution of our growth strategy, and provides meaningful improvement in our cash flow profile," said Talen Energy President and Chief Executive Officer Paul Farr. "The transaction adds highly competitive combined cycle gas assets in NYISO and ISO-NE, two mature and liquid wholesale power markets, with the opportunity to create significant value by optimizing a very efficient gas-fired plant in Arizona."