Impact Fee

Pennsylvania lawmakers on Wednesday gave final approval to a bill that would impose fees on natural gas companies drilling in the state’s Marcellus Shale formation and allow the revenue to be used by local communities to offset the impact of the state’s booming shale-gas industry.

If signed into law as expected by Governor Tom Corbett, the bill will end Pennsylvania’s status as the only US gas-producing state that does not impose any kind of levy on energy companies for natural gas drilling. Keep reading →