Scranton, Pa. (January 22, 2015) — Nearly 200 Northeast Pennsylvania business and community leaders attended a 2015 Energy Forecast today at the Four Points by Sheraton Hotel in Scranton. The briefing was hosted by America’s Natural Gas Alliance (ANGA), UGI Utilities, Inc., UGI Energy Services, the Marcellus Shale Coalition, the Greater Scranton Chamber of Commerce and Lackawanna College.
Today’s 2015 Energy Forecast was the sixth in a series of “Think About Energy” Briefings conducted throughout Pennsylvania over the past year. The Scranton session focused on the supply outlook for natural gas and natural gas liquids, as well as information on production, consumption trends, utilization opportunities, infrastructure developments, and more.
Pennsylvania Public Utility Commissioner Gladys Brown provided a keynote address, offering insights into the Commonwealth’s advantages in energy supply and pricing.
“It’s an exciting time for the energy industry in the U.S.,” Commissioner Brown said. “The fact that natural gas has been consistently cheaper at price points in Pennsylvania is a tangible example of how much the energy industry in the U.S., and this state, has evolved in recent years. Pennsylvania has a rich history of being a key energy producer. The outlook for Pennsylvania is certainly, in my view, more of the same.”
Daniel Adamo, director of marketing programs and strategy for UGI Utilities, Inc., and Allen Coleman, manager of midstream business development for UGI Energy Services, provided additional information focused on Pennsylvania markets and local customers.
“UGI customers are seeing savings approximately 40 percent over their natural gas bills from five years ago,” Adamo said. “Commercial customers who have converted to natural gas are seeing savings of 50 percent or more as a result of this unprecedented period of stable cost and plentiful supply. The long-term forecast of plentiful supply and stable prices makes natural gas the logical choice to encourage economic growth and business success.”
Coleman emphasized the importance of infrastructure development in delivering plentiful supplies to market.
“Last winter, we saw what happens when the infrastructure gap resulted in demand outstripping supply in natural gas and electricity markets in Pennsylvania and surrounding states,” Coleman noted. “As the infrastructure required to bring additional supplies of Marcellus Shale to market continues to develop, there will be even greater availability of natural gas for business customers in eastern and central Pennsylvania, resulting in lower and more stable energy pricing. This is a tremendous opportunity for Pennsylvania businesses to take advantage of a homegrown resource.”
Additional information was offered by Paul Hartman, Regional Director, State Affairs, ANGA and John Augustine, Community Outreach Manager, Marcellus Shale Coalition.
“Today’s ‘Think About Energy’ briefing continues our series of engaging energy discussions about the vast economic and environmental benefits of natural gas,” Hartman said. “Pennsylvania continues to be at the center of a revolutionary shift in our nation’s energy security, accounting for approximately one-sixth of all the natural gas produced in America. In addition to job creation and reducing energy costs for Pennsylvanians, the increased use of natural gas throughout the U.S. economy is reducing greenhouse gas emissions to near 20-year lows and dramatically reducing air pollution.”
“Pennsylvania’s rich supply of natural gas resources, located in close proximity to major energy markets presents us with a distinct opportunity to expand our state’s economy,” Augustine said. “As we move forward in 2015, it is essential that we work together to get the economic formula right by encouraging policies that attract investment and capital into our state that will help boost the manufacturing sector helping to create jobs with higher paying wages.”
About America’s Natural Gas Alliance – Representing North America’s leading independent natural gas exploration and production companies, America’s Natural Gas Alliance (ANGA) works with industry, government and customer stakeholders to promote increased demand for and continued availability of our nation’s abundant natural gas resource for a cleaner and more secure energy future. Learn more about ANGA at www.anga.us
About UGI Utilities Inc. — Headquartered in Reading, Pa., the company serves more than 660,000 customers in 45 Pennsylvania counties and one county in Maryland. Customers interested in additional information can visit the UGI website at www.ugi.com; on Facebook at www.facebook.com/ugiutilities; and Twitter at www.twitter.com/ugi_utilities.
About UGI Energy Services – UGI Energy Services is an integrated energy marketing and asset-based company operating throughout the Northeast and Mid-Atlantic regions.
UGI Energy Services markets natural gas, electricity and liquid fuels to approximately 43,000 commercial, industrial, institutional, government, and residential customers in nine states as well as the District of Columbia. Additionally, UGI Energy Services buys and sells energy commodities at the wholesale level and owns and operates a variety of electric generation assets in Pennsylvania as well as a variety of midstream natural gas assets that support the storage, transportation and delivery of natural gas. Additional information is available at www.ugies.com.
About the Marcellus Shale Coalition – The Marcellus Shale Coalition (MSC) works with exploration and production, midstream, and supply chain partners in the Appalachian Basin and across the country to address issues regarding the production of clean, job-creating, American natural gas from the Marcellus and Utica Shale plays. MSC provides in-depth information to policymakers, regulators, media, and other public stakeholders on the positive impacts responsible natural gas production is having on families, businesses, and communities across the region. Additional information is available at http://marcelluscoalition.org.
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