$25B invested in Appalachian Basin for power plants
Wednesday, November 7, 2018
Energy in Depth recently issued a report showing natural gas-powered energy plants either in operation or in various stages of development have attracted more than $25 billion worth of new investment to the Appalachian Basin, according to The Youngstown Business Journal.
The report also stated 29 new power plants with a capacity of 475-megawatts or greater are in operation, under construction or in the various stages of the permitting process in Ohio, Pennsylvania and West Virginia. Operating at full capacity, these plants would generate 26,086 megawatts of power combined.
Additionally Energy in Depth estimated that the power plants created around 17,800 new, locally sourced construction jobs.
Learn more: The Youngstown Business Journal > New Power Plants Invest $25B in Appalachian Basin
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Shale FAQ
What is fracking?
Fracking is a slang term for hydraulic fracturing. Fracturing is a process by which highly pressurized fluid is pumped thousands of feet into the ground to fracture rock formations. The goal is to release the natural gas that’s locked inside the rock.
Is it safe?
What most concerns people about fracturing is ground water contamination. The worry is that fractures underground, caused by the process, will extending upwards and into aquifers, releasing gas and chemicals into the ground water supply. There’s been no confirmed reports of such a thing happening. Though surface spills and drill site blowouts can lead to localized environmental concerns.
Will my water catch on fire?
Flammable water is caused by the release of methane gas into a drinking water supply. Methane gas occurs naturally and can be released by any kind of drilling, including water wells. In Pennsylvania officials fined Chesapeake Energy $1 million for contaminating ground water with methane. It was determined that the company had not properly cemented it’s boreholes and gas migrated up the well, between rock and into aquifers.