Natural gas power plant proposed for Pickaway County
Friday, May 6, 2016
A natural gas-fired electric power plant is in the works in Pickaway County in central Ohio.
According to Circleville Herald, NTE Energy hopes to have the Pickaway Energy Center under construction by 2018. The power plant would generate 1,000 megawatts, which is enough to power 900,000 homes.
Before NTE can move forward with the proposed project, it has to submit an application with PJM (Pennsylvania, New Jersey, Maryland), obtain permits from the Ohio Power Siting Board and the Environmental Protection Agency and secure financing from banks. The source reports that there are a number of concerns with the power plant, including some environmental and community questions.
Read more: Circleville Herald > NTE Energy plans major electric generating facility in Pickaway
Leave a Comment
Marcellus & Utica Shale Well Map
Additional Shale Maps
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.