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Fwd: Coal to liquid plant on schedule
by James Kotcon 10 Jan '13

10 Jan '13

I am not clear on how TransGas can say that this is "on schedule" when they don't have financing or a contractor. They claim to have "started construction" June 20, 2011, but admit it is only minor things like moving in an office trailer, so it does not seem that would meet the legal definition needed to retain their air permit. A later press release said they would "start major construction" in 2012, a later one said they would close on financing by the end of 2012, and now they say they will close in 2013, but are still negotiating with a contractor. I think we could argue that they have not met the legal requirement to start construction, and they certainly have not met the requirement to maintain construction. (Under 45-CSR-13, if they have not started, or halt construction, for 18 months, the air permit can be suspended.) Thanks to Viv for keeping up on the latest PR. JBK >>> "Vivian Stockman" <vivian(a)ohvec.org> 1/10/2013 8:09 AM >>> Coal to liquid plant on schedule By Jennifer Smith in News | January 09, 2013 at 11:43AM http://wvmetronews.com/coal-to-liquid-plant-on-schedule/ A multi-billion dollar coal to liquid plant in Mingo County is still on schedule despite some hurdles. TransGas Development Systems announced the project back in 2008, which will be the largest coal to liquid plant in the U.S. And while there’s no bricks and mortar to judge the progress, Randy Harris, with the Mingo County Redevelopment Authority, says they’re moving forward. “We’re still well under the window of time it takes to take a project from concept to this stage,” says Harris. The design for the $4-billion project, located near Gilbert, is already complete. Site preparations are underway. TransGas is negotiating with the main contractor. “In some regards like permitting, we’re well ahead of our original schedule,” says Harris. “In other aspects, like financing, the uncertainty of the election slowed down the whole process,” according to Harris. “People just weren’t prepared to make decisions.” The EPA has waged a war on coal over the past three years with the blessing of President Barack Obama. Harris says that makes a lot of people with the money to invest a little skittish. “It has slowed down the investment community. Bankers don’t understand the difference between a coal fired plant and a chemical plant like we are. They just look at it and say it’s all coal,” explains Harris. But he says there’s a big difference between burning coal for fuel and liquifying coal into gasoline, petroleum gas and propane. He says when they sit potential buyers down and explain the difference most of that concern goes away. Once the financing is in place, construction can get underway. “Right now all the contractors are telling us that it’s going to take about 3 and a half years to go from where we are now to commissioning, which is the point where it’s turned over from the construction company to the [plant] operators.” That means the TransGas plant should be up and running in late 2016, early 2017.

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Solar is competitive without subsidies in 2013
by James Kotcon 10 Jan '13

10 Jan '13

Available at: http://www.economist.com/news/21566414-alternative-energy-will-no-longer-be… JBK Sunny uplands Alternative energy will no longer be alternative Nov 21st 2012 | from The World In 2013 print edition Rebranding is always a tricky exercise, but for one field of technology 2013 will be the year when its proponents need to bite the bullet and do it. That field is alternative energy. The word “alternative”, with its connotations of hand-wringing greenery and a need for taxpayer subsidy, has to go. And in 2013 it will. “Renewable” power will start to be seen as normal. Wind farms already provide 2% of the world’s electricity, and their capacity is doubling every three years. If that growth rate is maintained, wind power will overtake nuclear’s contribution to the world’s energy accounts in about a decade. Though it still has its opponents, wind is thus already a grown-up technology. But it is in the field of solar energy, currently only a quarter of a percent of the planet’s electricity supply, but which grew 86% last year, that the biggest shift of attitude will be seen, for sunlight has the potential to disrupt the electricity market completely. The underlying cause of this disruption is a phenomenon that solar’s supporters call Swanson’s law, in imitation of Moore’s law of transistor cost. Moore’s law suggests that the size of transistors (and also their cost) halves every 18 months or so. Swanson’s law, named after Richard Swanson, the founder of SunPower, a big American solar-cell manufacturer, suggests that the cost of the photovoltaic cells needed to generate solar power falls by 20% with each doubling of global manufacturing capacity. The upshot (see chart) is that the modules used to make solar-power plants now cost less than a dollar per watt of capacity. Power-station construction costs can add $4 to that, but these, too, are falling as builders work out how to do the job better. And running a solar power station is cheap because the fuel is free. Related topics Solar energy United States Industries Electricity companies Utilities Coal-fired plants, for comparison, cost about $3 a watt to build in the United States, and natural-gas plants cost $1. But that is before the fuel to run them is bought. In sunny regions such as California, then, photovoltaic power could already compete without subsidy with the more expensive parts of the traditional power market, such as the natural-gas-fired “peaker” plants kept on stand-by to meet surges in demand. Moreover, technological developments that have been proved in the laboratory but have not yet moved into the factory mean Swanson’s law still has many years to run. Running a solar power station is cheap because the fuel is free Comparing the cost of wind and solar power with that of coal- and gas-fired electricity generation is more than just a matter of comparing the costs of the plant and the fuel, of course. Reliability of supply is a crucial factor, for the sun does not always shine and the wind does not always blow. But the problem of reliability is the subject of intensive research. Many organisations, both academic and commercial, are working on ways to store electricity when it is in surplus, so that it can be used when it is scarce. Progress is particularly likely during 2013 in the field of flow batteries. These devices, hybrids between traditional batteries and fuel cells, use liquid electrolytes, often made from cheap materials such as iron, to squirrel away huge amounts of energy in chemical form. “Grid-scale” storage of this or some other sort is the second way, after Swanson’s law, that the economics of renewable energy will be transformed. One consequence of all this progress is that subsidies for wind and solar power have fallen over recent years. In 2013, they will fall further. Though subsidies will not disappear entirely, the so-called alternatives will be seen to stand on their own feet in a way that was not true in the past. That will give them political clout and lead to questions about the subventions which more traditional forms of power generation enjoy (coal production, for example, is heavily subsidised in parts of Europe). Enlarge Fossil-fuel-powered electricity will not be pushed aside quickly. Fracking, a technological breakthrough which enables natural gas to be extracted cheaply from shale, means that gas-fired power stations, which already produce a fifth of the world’s electricity, will keep the pressure on wind and solar to get better still. But even if natural gas were free, no Swanson’s law-like process applies to the plant required to turn it into electricity. Nuclear power is not a realistic alternative. It is too unpopular and the capital costs are huge. And coal’s days seem numbered. In America, the share of electricity generated from coal has fallen from almost 80% in the mid-1980s to less than a third in April 2012, and coal-fired power stations are closing in droves. It may take longer to make the change in China and India, where demand for power is growing almost insatiably, and where the grids to take that power from windy and sunny places to the cities are less developed than in rich countries. In the end, though, they too will change as the alternatives become normal, and what was once normal becomes quaintly old-fashioned. Geoffrey Carr: science editor, The Economist from The World In 2013 print edition

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IOGA Intervenes in First Energy Harrison case
by James Kotcon 09 Jan '13

09 Jan '13

THE STATE JOURNAL IOGA wants gas represented fairly in Mon Power coal gen case Posted: Jan 07, 2013 6:38 PM EST Updated: Jan 08, 2013 11:57 AM EST By Pam Kasey West Virginia natural gas producers want a say in Mon Power's proposal to buy coal-fired generation — but not to argue against it. "What we're not interested in doing is kicking the coal industry when they're down," said Independent Oil and Gas Association of West Virginia President Dennis Xander. Mon Power has a large deficit in generation capacity to serve its customers and those of Potomac Edison, IOGA reiterated in its Jan. 4 petition with the Public Service Commission of West Virginia to intervene in the case for Mon Power's proposed solution. The utility proposes to increase its installed capacity by almost 1,500 megawatts, primarily through the acquisition of the 80 percent of the coal-fired Harrison Power Station that it does not already own. "IOGA desires the opportunity to express its views to the commission about using natural gas as an inexpensive, clean and reliable fuel for power generation, and believes that its views will materially assist the commission in reaching a decision in this case," IOGA wrote in its petition. That doesn't mean IOGA is going to argue that natural gas would be better, Xander said. "We don't intend to take any kind of position in that," he said. "However, to the extent that the commission wants someone to step up and say, ‘Hey, look, the industry has an abundance of inexpensive, clean fuel that is an alternative,' we'll do that." IOGA also wants to be sure to keep the record straight on what natural gas can and cannot do in the electric power industry. "You're going to see a whole bunch of spreadsheets come out where people are going to calculate what the cost per kilowatt-hour would be under various scenarios," he predicted from long experience. "By intervening, we want to make sure whatever information the commission gets is right." If the suggestion came up that the Harrison plant should pursue gas co-firing — burning natural gas with coal, something FirstEnergy already is considering ( http://www.bizjournals.com/pittsburgh/blog/energy/2012/10/firstenergy-consi… ) at Harrison — IOGA would be behind that idea, Xander said. "But we did not intervene for the purpose of trying to replace coal with natural gas," he said. "West Virginia needs coal jobs and coal severance taxes." Follow Mon Power's generation resource transaction case on the PSC's website ( http://www.psc.state.wv.us/ ): case number 12-1571.

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Fwd: [Coal Volunteers List] New Report: Next Generation Energy Efficiency Programs Can Yield High Energy Savings
by Paul Wilson 09 Jan '13

09 Jan '13

fyi, paul ---------- Forwarded message ---------- From: Jennifer Miller <jen.miller(a)sierraclub.org> Date: Wed, Jan 9, 2013 at 11:03 AM Subject: [Coal Volunteers List] New Report: Next Generation Energy Efficiency Programs Can Yield High Energy Savings To: #Coal <coal-list(a)sierraclub.org>, #Coal-Volunteers < coal-volunteers-list(a)sierraclub.org>, #Chapter-Groups < chapter-groups-list(a)sierraclub.org>, #Staff-Chapter < Staff-chapter-list(a)sierraclub.org> Efficiency Warriors - ACEEE has a new report out in which they review the best practices for utility efficiency programs. See below. Also, stay tuned, because I will be hosting ACEEE to discuss this report for Sierra Club staff and volunteers on Feb 7 (time still TBA). Thanks jen ---------- Forwarded message ---------- From: ACEEE News <aceeenews(a)aceee.org> Date: Wed, Jan 9, 2013 at 10:19 AM Subject: New Report: Next Generation Energy Efficiency Programs Can Yield High Energy Savings To: jen.miller(a)sierraclub.org [image: logo] NEWS RELEASE Media Contact: Patrick Kiker 202.507.4043 pkiker(a)aceee.org New Report Reveals How Next Generation Energy Efficiency Programs Can Help Utilities Achieve High Energy Savings Washington, D.C. (January 9, 2013): New technologies and innovative program designs are combining to create the next generation of energy efficiency programs that can meet the aggressive saving targets being set by many states, finds a new report. Frontiers of Energy Efficiency: Next Generation Programs Reach for High Energy Savings<http://r20.rs6.net/tn.jsp?e=001B0-bBJgFk3sV5vSMr-ROdifJU5S5hZ0HTTC4Z5BGNNce…>, released today by the American Council for an Energy-Efficient Economy (ACEEE),finds that these technologies and programs can offer the potential to achieve and sustain high savings-27% of forecasted electricity use and 19% of forecasted natural gas use by 2030. "Natural gas isn't the only abundant energy resource in this country---we've also discovered deep reservoirs of energy efficiency. As our report shows, energy efficiency opportunities are abundant. Even as tried and true energy efficiency measures become commonplace, we continue to dig deeper and find new technologies and practices plus new program approaches to unlock further opportunities to achieve large energy savings," said Dan York, ACEEE utilities program director, and lead-author of the report. Energy efficiency programs for utility customers have been in place for over three decades in many areas in the United States. These programs have experienced unprecedented growth over the past decade, in significant part because of policies that establish high, specific energy savings targets to be achieved through energy efficiency programs. Over the next two decades, achieving and sustaining high savings levels present challenges for energy efficiency programs. Increasingly stringent building codes and energy efficiency standards for appliances and other technologies are moving baseline energy efficiency performance higher. Achieving high participation rates has been difficult for certain types of programs. The technologies and programs profiled in this report offer an answer to these concerns. "This report will be a valuable resource for those looking to help utility customers save money by using less energy. With a wealth of information on the leading edge of program designs and energy efficiency technologies, this report shows that program designers have an increasing number of options to achieve greater energy efficiency," said Maggie Molina, ACEEE state policy senior manager and report co-author. While savings opportunities exist for all types of customers, the report finds some of the greatest potential exists for renovations and retrofits of homes and commercial buildings. Lighting also remains a large source of energy savings along with building mechanical systems and a variety of electronics. Reaching more customers is another direction for next generation programs. Improved understanding of more narrowly defined customer segments through better data analytics can enable program administrators to structure and focus incentives and marketing to increase participation. Programs are successfully serving customers in markets that historically have been difficult to reach, such as multifamily housing and manufactured homes. Another clear trend across program portfolios is an emphasis on better understanding customer behavior and motivations in order to design programs that engage greater numbers of customers to take actions that save energy. The report examines a total of 22 different program types and concepts, from residential lighting to commercial buildings to industrial processes, and examines a wide range of energy efficiency technologies, including light-emitting diode (LED) lighting; high-efficiency heating, ventilation, and air-conditioning (HVAC) equipment; and combined heat and power (CHP) systems. The research draws upon extensive interviews completed with a large number of experts on customer energy efficiency programs and technologies and includes numerous examples of where these leading principles and practices are being used or tested. To read the report, visit: http://aceee.org/research-report/u131<http://r20.rs6.net/tn.jsp?e=001B0-bBJgFk3sV5vSMr-ROdifJU5S5hZ0HTTC4Z5BGNNce…> . About ACEEE: The American Council for an Energy-Efficient Economy acts as a catalyst to advance energy efficiency policies, programs, technologies, investments, and behaviors. For information about ACEEE and its programs, publications, and conferences, visit aceee.org<http://r20.rs6.net/tn.jsp?e=001B0-bBJgFk3tsYR4Dng-SQtpD695k_4CRraE72qiMAKTV…> . ### Forward email<http://ui.constantcontact.com/sa/fwtf.jsp?llr=4rt7cun6&m=1011065179711&ea=j…> <http://visitor.constantcontact.com/do?p=un&mse=001QKZ15G27mHOwq-0UltPLdE0e-…> This email was sent to jen.miller(a)sierraclub.org by aceeenews(a)aceee.org | Update Profile/Email Address<http://visitor.constantcontact.com/do?p=oo&mse=001QKZ15G27mHOwq-0UltPLdE0e-…> | Instant removal with SafeUnsubscribe<http://visitor.constantcontact.com/do?p=un&mse=001QKZ15G27mHOwq-0UltPLdE0e-…>™ | Privacy Policy <http://ui.constantcontact.com/roving/CCPrivacyPolicy.jsp>. ACEEE | 529 14th Street., N.W. | Suite 600 | Washington | DC | 20045 -- Jen Miller (614)563-9543 Senior Campaign Representative for Energy Efficiency Sierra Club National Beyond Coal Campaign pst....My work is now national in scope, but I'm still based in Columbus, Ohio (the Eastern Time Zone)! -- To access the Beyond Coal Campaign Resource Portal, go to: https://sites.google.com/a/sierraclub.org/beyond-coal-resource-portal/ --- You received this message because you are subscribed to the Google Groups "#Coal-Volunteers" group. To post to this group, send email to coal-volunteers-list(a)sierraclub.org. To unsubscribe from this group, send email to coal-volunteers-list+unsubscribe(a)sierraclub.org. -- Paul Wilson Sierra Club 504 Jefferson Ave Charles Town, WV 25414-1130 Phone: 304-725-4360 Cell: 304-279-1361 "There is no forward until you have gone back" ~Buddha "In all things of nature there is something of the marvelous" ~ Aristotle

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WVU Extension meetings on Utica gas Jan 29-30.
by James Kotcon 08 Jan '13

08 Jan '13

FYI. JBK http://wvutoday.wvu.edu/n/2013/01/07/utica-shale-development-topic-of-wvu-e… Utica Shale development topic of WVU Extension Service educational program series ( http://wvutoday.wvu.edu/n/2013/01/07/utica-shale-development-topic-of-wvu-e… )January 7th, 2013 Through a series of educational programs, West Virginia University ( http://www.wvu.edu/ ) Extension Service ( http://ext.wvu.edu/ ) hopes to help educate community members on development and leasing issues related to Utica shale and its impact on the state. The Utica shale is a large natural gas field that lies below Marcellus shale rock, underneath much of the northeastern U.S. and adjacent parts of Canada. The educational programs will take place in Parkersburg at the Parkersburg City Building on Jan. 29, and in New Martinsville at the Wetzel County 4-H Camp’s Mollohan Center on Jan. 30. Both programs begin at 6 p.m. This is the third year for the educational programs. Organizers say there’s a continued need and demand for updated information regarding the natural gas industry and its drilling. Presenters include experts from the Marietta College’s Dept. of Petroleum Engineering and Geology; The Ohio State University’s Agricultural and Resource Law unit; and WVU Extension Service agents and specialists. The program is open to the public, regardless of a person’s level of knowledge and interest concerning the oil and natural gas industry. A second series on Natural Gas Pipelines is scheduled for February in Kingwood and Beverly. For more information, contact WVU Extension Service Program Coordinator Georgette Plaugher ( http://anr.ext.wvu.edu/home/contact_us/georgette_plaugher ) at 304-329-1391. Connecting the people of West Virginia to the University’s resources and programs is the primary goal of WVU Extension Service and its 55 offices throughout the state. Local experts, like WVU Extension’s agents and specialists, work to help improve the lifestyles and well-being of youths, workforces, communities, farms and businesses through trusted research in the counties in which they serve. To learn more about WVU Extension programs, visit www.ext.wvu.edu, or contact your local office of the WVU Extension Service. -WVU-

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Fwd: [Coal Volunteers List] Fw: Federal Court Rules in Favor of Clean Air -- Requires EPA to implement strong soot controls
by Jim Sconyers 04 Jan '13

04 Jan '13

---------- Forwarded message ---------- From: Verena Owen <verena_owen(a)prodigy.net> Date: Fri, Jan 4, 2013 at 4:17 PM Subject: [Coal Volunteers List] Fw: Federal Court Rules in Favor of Clean Air -- Requires EPA to implement strong soot controls To: coal volunteer list <coal-volunteers-list(a)sierraclub.org> Good news for clean air: Verena FOR IMMEDIATE RELEASE January 4, 2013 Contact: Paul Cort, Earthjustice, (415) 217-2077; pcort(a)earthjustice.org Eitan Bencuya, Sierra Club, (202) 495-3047, eitan.bencuya(a)sierraclub.org John Walke , Natural Resources Defense Council, 202-289-2406 Mary Havell McGinty, American Lung Association (202)715-3459, mary.havell(a)lung.org *Federal Court Rules in Favor of Clean Air*** *Requires EPA to implement strong soot controls* *WASHINGTON, D.C.* – The U.S. Court of Appeals for the District of Columbia Circuit today released a ruling requiring the U.S. Environmental Protection Agency to implement stronger requirements to clean up particulate matter, also known as “soot, “one of the deadliest forms of air pollution. Rejecting EPA’s adoption of a weaker approach, the Court ruled that the public health protections in the Clean Air Act require EPA to use the strictest more stringent cleanup requirements in communities with unhealthful particulate matter levels. The suit was brought by Earthjustice on behalf of American Lung Association, Natural Resources Defense Council, Sierra Club, and Medical Advocates for Healthy Air. “Soot pollution is dangerous to kids, seniors, and people with heart and lung problems, and kills tens of thousands of people each year” said Paul Cort, the Earthjustice attorney who argued the case. “This ruling will mean much stronger protections against this deadly pollutant.” Major sources of soot pollution include coal-fired power plants, factories, oil refineries, and diesel engines. The ruling means that more plants will be subject to more protective particulate matter limits in areas that violate health standards. It also will require limits not only on direct emissions of soot, but also on pollutants that transform into particulate matter in the air. Under the ruling, the most stringent controls will apply to communities that fail to timely attain health standards (within four to six years). Among other things, these areas will have to implement the best available control measures (instead of just reasonably available measures) and achieve pollution cuts of at least five percent per year if they fail to meet standards on time. “Soot particles are a dangerous mix of toxic metals and chemicals and are released into the air by burning dirty fuels like coal,” said Bruce Nilles, Senior Campaign Director for the Sierra Club’s Beyond Coal campaign. “Today's court decision is a strong step toward ensuring our families have clean, breathable air.” “Few court rulings strike so close to home. This one’s as close as your next breath of air,” said John Walke, senior attorney and Director of NRDC’s Clean Air Program. “Soot kills. Now there will be less of it - in our air, our hearts and our lungs. That means less bronchitis, fewer asthma attacks, fewer heart attacks and fewer strokes. We can thank the court, with every breath we take.” “Cleaning up particle pollution saves lives,” said Janice Nolen, Assistant Vice President for the American Lung Association. “A few weeks ago, EPA adopted the strongest, most protective standard for fine particles. Today’s decision means that communities around the nation will have better tools to make sure that they can meet that standard and save lives.” ### -- Eitan Bencuya National Communications Strategist Sierra Club 202-495-3047 o 415-255-5521 m eitan.bencuya(a)sierraclub.org -- To access the Beyond Coal Campaign Resource Portal, go to: https://sites.google.com/a/sierraclub.org/beyond-coal-resource-portal/ --- You received this message because you are subscribed to the Google Groups "#Coal-Volunteers" group. To post to this group, send email to coal-volunteers-list(a)sierraclub.org. To unsubscribe from this group, send email to coal-volunteers-list+unsubscribe(a)sierraclub.org. -- Jim Sconyers jimscon(a)gmail.com 304.698.9628 Remember, Mother Nature bats last.

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Bridge To Nowhere? NOAA Confirms High Methane Leakage Rate Up To 9% From Gas Fields, Gutting Climate Benefit
by James Kotcon 03 Jan '13

03 Jan '13

This article reports very "preliminary" data on methane leakage rates from natural gas fields in Colorado and Utah which document that between 4 and 9 % of the methane produced was leaking into the atmosphere. The Utah data with the 9 % emissions was apparently unpublished, and simply was reported at a recent American Geophysical union meeting, so there may not even be a published abstract to cite. If these rates hold, true, they eliminate any climate benefit from using natural gas as a replacement for coal. Of course, without a significant price for carbon, basic economics means that most natural gas will be used "in addition" to, not as a replacement for, coal, and any purported climate benefit is meaningless. http://thinkprogress.org/climate/2013/01/02/1388021/bridge-to-nowhere-noaa-… The actual Nature article is at: http://www.nature.com/news/methane-leaks-erode-green-credentials-of-natural… These data contradict recent reports from EPA and US-EIA that American greenhouse gas emissions have declined, largely due to gas substituting for coal in electricity generation. The electric generation data do not account for these fugitive emissions from leaking gas wells and pipelines. http://money.cnn.com/2012/06/21/news/economy/greenhouse-gases-cut/index.htm The take-home message is that we need to become much more focused on enforcement of air pollution from gas wells, or else ban shale gas altogether, as the emissions from shale gas well completions swamp most other losses, and this could mean "game-over" for the climate. JBK >>> "Ann Payne" <notification+zlrdzo1f(a)facebookmail.com> 1/3/2013 12:23 PM >>> Ann Payne posted in Stop the Fracking in Morgantown Industrial Park Ann Payne12:23pm Jan 3 Thanks for posting this, Mark. Bridge To Nowhere? NOAA Confirms High Methane Leakage Rate Up To 9% From Gas Fields, Gutting Climatethinkprogress.org Researchers with the National Oceanic and Atmospheric Administration (NOAA) have reconfirmed earlier... View Post on Facebook · Edit Email Settings · Reply to this email to add a comment.

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Fw: 'Fiscal cliff' deal includes extension to tax credit for wind industry
by Frank Young 02 Jan '13

02 Jan '13

"A one-year extension of a key tax credit for the wind industry made it into the fiscal cliff deal the U.S. Senate and House passed on Tuesday. "The tax credit, which has been a major driver for wind development across the U.S. over the past two decades, is worth 2.2 cents per kilowatt-hour of energy produced by new wind installations for their first 10 years of operation. "A White House news release confirmed that the production tax credit extension is included in the Senate package that the House also passed. According to industry insiders, it would allow any project that begins construction in 2013 to claim the credit, even if it goes online in 2014. The tax credit that expired on Monday could only be claimed for projects that went online in 2012." ----- Original Message ----- From: Peter Shoenfeld To: WVHCBOARD(a)yahoogroups.com Sent: Wednesday, January 02, 2013 2:53 AM Subject: [WVHCBOARD] 'Fiscal cliff' deal includes extension to tax credit for wind industry http://www.mydesert.com/article/20130101/BUSINESS01/301010039/-Fiscal-cliff…

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(no subject)
by Sally Wilts 27 Dec '12

27 Dec '12

http://pizino.com/wp-content/themes/zbench/images/perfectway.php

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Chesapeake announces personnel reduction
by James Kotcon 21 Dec '12

21 Dec '12

I just saw this from Friday and found it ironic. Chesapeake cuts 275 jobs and sells Marcellus assets. But this week, the WV Chamber of Commerce predicts 58,000 new jobs in WV gas industry. Do you suppose the Chamber was paying attention to what Chesapeake actually does, or just their PR? JBK >>> "Donald C. Strimbeck" dcsoinks(a)comcast.net> 12/15/2012 4:19 AM >> ( mailto:dcsoinks@comcast.net ) THE STATE JOURNALChesapeake announces personnel reduction Posted: Dec 14, 2012 2:51 PM EST Updated: Dec 14, 2012 2:51 PM EST Chesapeake Energy Corp. is looking to cut its work force by 275 employees. Buyouts are being offered to employees who meet criteria based on a combination of age and years of Chesapeake service, the company said in a news release. The company did not give specific reasons for offering the buyouts other than to further its efforts "to maximize corporate performance and maintain our leadership role in this competitive and constantly evolving industry." On Dec. 11, Chesapeake announced that it had agreed to sell most of its remaining midstream assets in the Marcellus, Utica, Eagle Ford, Haynesville and Niobrara shale plays to Access Midstream Partners for about $2.16 billion. The sale includes "new market-based gathering and processing agreements covering various acreage dedication areas," according to the announcement. The sale is expected to close by the end of this month. Chesapeake also said it had completed the sale of other midstream assets in Oklahoma and Texas during the 2012 fourth quarter for about $175 million. Also, Chesapeake said it anticipates completing the sale of its remaining midstream assets by the end of the 2013 first quarter for approximately $425 million, bringing the total of current and anticipated midstream asset sales to $2.75 billion. Don Strimbeck, Sec/Treas Upper Mon River Assoc UpperMon.org MonRiverSummit.org WVU t-shirts & prints - FindHarri.com 109 Broad Street, P. O. Box 519 Granville WV 26534-0519 304-599-7585 (fax 4131) dcsoinks(a)comcast.net

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