MEC Study Groups: Funding Levels and Potential Funding Sources

The Funding Levels and Potential Funding Sources Study Group of the MEC meet tomorrow at 1 pm in the Archdale Building, Raleigh. Here is the press release (and note the link in the last paragraph to the agenda):

RALEIGH –A study group of the North Carolina Mining and Energy Commission meets in Raleigh Wednesday afternoon to discuss the possible costs associated with oil and gas exploration and development activities.

The Funding Levels and Potential Funding Sources Study Group meets from 1-3 p.m. Wednesday in the fifth floor conference room of the Archdale Building, 512 North Salisbury St., Raleigh.The public is invited to observe the meeting.

The group is gathering information on the possible costs needed to support local governments impacted by oil and gas operations. They are also addressing expected impacts to roads and bridges due to those operations, and how to offset costs to the state for administering oil and gas operations. Some costs could include state staff needed to review permits and conduct site inspections as well as the cost of maintaining roads in local communities where oil and gas operations exist. The group is looking into many funding-related issues and what other states with oil and gas programs have done to offset costs, such as putting in place permit fees to pay for a state regulatory program.

The study group reports to the North Carolina Mining and Energy Commission. The commission is required to report its findings, recommendations and legislative proposals to the Joint Legislative Commission on Energy Policy and the Environmental Review Commissionby Oct. 1, 2013. The Mining and Energy Commission is developing a modern regulatory program to manage oil and gas exploration and development activities in North Carolina, including the use of horizontal drilling and hydraulic fracturing.

To learn more about the Funding Levels and Potential Funding Sources Study Group, check out the N.C. Department of Environment and Natural Resources’ website pages devoted to the group, http://portal.ncdenr.org/web/mining-and-energy-commission/february-20-2013.

BT

 

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