Business association leaders say revenue package will hurt state's competitiveness, increase operating costs

Business association leaders say revenue package will hurt state's competitiveness, increase operating costs

A coalition of Pennsylvania business and economic leaders came together Tuesday to discuss what they believe to be the negative impacts of the Senate-passed revenue package to fund the 2017-2018 state budget 


Much of the conversation focused on the new taxes and higher tax rates proposed for natural gas drillers and consumers in $2 billion revenue package passed by the body in late July.  


The proposal calls for a five percent tax on the gross transaction amount of electric grid virtual financial transactions and a 5.7 percent gross receipts tax to natural gas consumption, provisions that many within the “Anti-Energy Tax Coalition” say will quash any competitive advantage Pennsylvania may have in the energy industry. 

Tuesday, August 8, 2017/Author: Alanna Koll
Categories: News and Views
As revenue talks drag on, fight over natural gas severance tax heats up

As revenue talks drag on, fight over natural gas severance tax heats up

With budget-related revenue negotiations likely to drag into the third week of their current standoff, the fight over whether a natural gas severance tax should be part of those discussions has continued to heat up.

 

While Republican leaders have been more than recalcitrant in their stance toward bringing up any one of the numerous proposals introduced in either the House or Senate, one can hardly speak to a Democrat or moderate Republican in the Capitol without hearing from one of them about how such a tax—in exchange with the natural gas industry for some regulatory relief—could be a primary solution to end the Commonwealth’s revenue woes.

Wednesday, July 19, 2017/Author: Jason Gottesman
Categories: News and Views
Pennsylvania natural gas industry hindered by regulatory processes

Pennsylvania natural gas industry hindered by regulatory processes

The Senate Majority Policy Committee and Senate Environmental Resource and Energy Committee held a joint hearing Wednesday morning on Pennsylvania’s natural gas industry, where they heard from industry insiders on the difficulties they face in dealing with Pennsylvania’s regulatory environment.

Pennsylvania has grown to be the second in natural gas production behind Texas, according Policy Committee Chairman Sen. David Argall (R-Berks). 

Wednesday, May 24, 2017/Author: Kyle Maguire
Categories: News and Views
Department of Environmental Protection gives final approval to PA pipeline project

Department of Environmental Protection gives final approval to PA pipeline project

The Department of Environmental Protection announced Monday that it has awarded final approval to the PA Pipeline Project/Mariner East 2 pipeline that will deliver natural gas from Pennsylvania’s southwestern counties to a Sunoco refinery in Marcus Hook, Delaware County.

 

The entire pipeline is a $2.5 billion infrastructure project anticipated to support over 15,000 jobs annually over a two year-period and ultimately have $150 million annual economic impact on the Pennsylvania economy once completed.

Tuesday, February 14, 2017/Author: Jason Gottesman
Categories: News and Views
A closer look: Gov. Wolf proposes 6.5 percent severance tax in budget proposal

A closer look: Gov. Wolf proposes 6.5 percent severance tax in budget proposal

As part of his $32.3 billion spending plan for FY 2017-2018, Gov. Tom Wolf is counting on nearly $294 million from a 6.5 severance tax on natural gas extracts, less an impact fee credit.

 

What will it look like and how is it being received?

Thursday, February 9, 2017/Author: Jason Gottesman
Categories: News and Views
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