Full Title: Keystone Gas Gouge: Gas Export Push Could Stick Pennsylvania Consumers With $16 Billion Bill
Author(s): Alan Zibel
Publisher(s): Public Citizen
Publication Date: November 26, 2024
Full Text: Download Resource
Description (excerpt):
Pennsylvania’s households, businesses and electric power plants could pay up to $16 billion more on gas bills if the U.S. continues to accelerate exports of liquefied gas (LNG) to overseas customers under President-elect Donald Trump.
Pennsylvania’s total natural gas bill for residential customers, business customers and gas-fired power plants is expected to rise by $9.6 billion to $15.7 billion from 2035 to 2050 if the federal government approves all export permits for gas export terminals that were placed on hold by the Biden administration at the start of 2024.
Higher gas prices caused by increased exports would have the largest impact on the state’s electric power sector. Pennsylvania’s gas-fired power plants, which serve electric utilities around the mid-Atlantic region, would pay up to $7.4 billion extra for gas over 15 years. Industrial consumers would pay an extra $4 billion, residential consumers $2 billion and commercial consumers $1 billion.