Gas industry leaders call for regulatory regime fixes

Gas industry leaders call for regulatory regime fixes

A new cabinet position and a commonwealth agency focused on energy production and coordination are on the agenda for state business leaders who want to expand Pennsylvania’s gas economy.

In a report released Thursday entitled “Forge the Future: Ideas for Actions,” industry leaders said that the state’s potential in gas economic growth – totaling $60 billion between production, energy generation and manufacturing - is threatened by poor business conditions in the state, from the nation high 9.99 corporate net income tax to slow permitting.
Thursday, October 11, 2018/Author: Stephen Caruso
Categories: News and Views
Business association leaders say revenue package will hurt state's competitiveness, increase operating costs

Business association leaders say revenue package will hurt state's competitiveness, increase operating costs

A coalition of Pennsylvania business and economic leaders came together Tuesday to discuss what they believe to be the negative impacts of the Senate-passed revenue package to fund the 2017-2018 state budget 


Much of the conversation focused on the new taxes and higher tax rates proposed for natural gas drillers and consumers in $2 billion revenue package passed by the body in late July.  


The proposal calls for a five percent tax on the gross transaction amount of electric grid virtual financial transactions and a 5.7 percent gross receipts tax to natural gas consumption, provisions that many within the “Anti-Energy Tax Coalition” say will quash any competitive advantage Pennsylvania may have in the energy industry. 

Tuesday, August 8, 2017/Author: Alanna Koll
Categories: News and Views
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