We're pleased to pass along this savings to our customers. We are fortunate from an electricity perspective to be in an extended period of lower natural gas prices, which makes it possible to deliver these savings on monthly electric bills.
Despite President Obama’s rhetoric about an “all of the above” energy plan, his Environmental Protection Agency has been systematically trying to undercut the development of unconventional energy – notably natural gas from shale. In what critics have rightfully assailed as a “shoot first, get the facts later” approach, the agency has worked to appease its environmentalist allies ... by plotting to derail hydraulic fracturing, the process by which gas is extracted from rock formations deep in the Earth.
For example, pushed by charges from national anti-drilling activists that fracturing was contaminating drinking water in Dimock, Pa., the EPA charged to the rescue – only to discover that no rescue was necessary. In July, the agency concluded the town’s drinking water was safe.
In Parker County, Texas, EPA said that Range Resources’ natural gas operations – which included fracking – were responsible for contaminating local water supplies and ordered the company to fix its wells. In March, it was forced to withdraw the order after being unable to prove that Range was responsible for the presence of methane in water.