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Pennsylvania fines Chesapeake Energy $1.1 million

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phantom power Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-18-11 10:02 AM
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Pennsylvania fines Chesapeake Energy $1.1 million
HARRISBURG, Pa. - Pennsylvania has fined Chesapeake Energy Corp. $1.1 million for contaminating well water and causing a tank fire during natural gas drilling operations.

The state environmental protection department said Tuesday that the well contamination fine was the largest it ever imposed against companies drilling in the Marcellus shale, energy-rich formations under the Appalachians.

http://www.businessweek.com/ap/financialnews/D9N9C7981.htm
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jtrockville Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-18-11 10:11 AM
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1. Any chance Chesapeake Energy will pay the fine?
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jwirr Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-18-11 11:16 AM
Response to Reply #1
2. No, but there users will.
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jtrockville Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-18-11 02:35 PM
Response to Reply #2
3. Hopefully, most will switch from gas to something else
if gas becomes too expensive due to the cost of covering catastrophes.
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