After failing to convince Congress to fix the root causes of propane shortages and price spikes that rocked the Midwest and Northeast last winter, the U.S. propane industry is now throwing its full weight behind a secretive underground storage project in western New York. Industry’s renewed support for that private sector option comes after Congress gutted a 2014 bill to scope out and fund regional propane storage sites.
Now even the make-do private solution is in serious jeopardy. State regulators have already taken five years to evaluate Crestwood Midstream’s plan to store 88 million gallons of liquid petroleum gas, or LPG, in abandoned salt caverns near Seneca Lake. They are still, at a minimum, months away from deciding whether to grant the storage permit. Continue reading After Congress Gutted Propane Market Reform, Industry Doubles Down on Secretive Storage Plan