Market Conditions have changed a lot since Act 13 established an impact fee for Unconventional Gas Well Development in 2012. Since a significant portion of the funds collected are distributed to local governments to cover the local impacts of drilling, it is important for local government officials to be well aware of the conditions that affect their proceeds.
Under Act 13, the Pennsylvania Public Utility Commission (PUC) administers the collection and disbursement of the fee. What should local governments expect in 2016 and beyond? Given the state of the industry, what should local governments expect and focus on this year and for the foreseeable future?
Join speakers from Commonwealth of PA Independent Fiscal Office and the Washington & Jefferson College Center for Energy Policy and Management for the 2016 Impact Fee Update on June 8, 2016 at 11 AM. Free, but registration is required
Neil Bakshi, Revenue Analyst, Independent Fiscal Office, Commonwealth of Pennsylvania
Corey Young, Director, Center for Energy Policy and Management, Washington and Jefferson College