Six natural gas power plants are in the works in Ohio
Saturday, July 23, 2016
The shale gas boom in Ohio has fueled plans for six natural gas electric plants across the state.
The Columbus Dispatch reports that NTE Energy is planning a 1,000-megawatt plant in Circleville. Near Toledo, the Oregon Clean Energy Center is under construction. In Middletown, there’s a 475-megawatt power plant being built.
Building natural gas-fired power plants is favorable now as prices are affordable, and because coal-fired plants are aging and hard to keep in compliance with clean air laws, according to the source.
Read more: The Columbus Dispatch > Ohio’s shale natural gas spurs investment in building of plants
Related: Natural gas power plant proposed for Pickaway County – May 6, 2016
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Shale FAQ
How often do royalty payments come?
Depending on the company, royalty payments can arrive monthly or quarterly.
Are my royalty payments transferable?
Yes. If you plan on selling your property, notify the gas company that is leasing your land and your realtor. They will make arrangements to allow the royalty payments to transfer to a different land owner.
What are royalties?
Royalties are payments from the gas company to the landowner as part of a lease agreement. Royalties payments cannot begin until production begins. The payments are dependent upon the market price of the resource.