Utica East Ohio Midstream has secured more than 630 million kWh of electricity for one year from First Energy, for UEO’s new gas-processing plant in Kensington, Ohio, and its new natural gas liquids fractionation, storage and rail terminal at Scio, Ohio. Energy management services firm World Energy Solutions assisted in the transaction.
UEO is a joint venture between M3 Ohio Gathering, Access Midstream and EV Energy Partners and says it is one of the largest integrated midstream service complexes in eastern Ohio. The UEO complex currently includes 800 million cubic feet per day of natural gas processing and associated NGL fractionation, loading and terminal facilities.
UEO says it started to assess its power needs in late 2012. The company’s key criteria for its electricity supplier included competitive pricing, strong ties to Ohio and a significant employee presence in the state.
Recently Hudson Energy, a business-to-business supplier of electric and natural gas commodities in North America, joins a long list of electricity suppliers in Ohio, a deregulated utility market.
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