WVTT News Radio is the Twin Tiers radio news leader. We are at 96.7 in Olean, NY and 103.9 in Kane, PA. WVTT is part of family and locally owned Colonial Radio Group. If you see or have news, email us: news@colonial.cc. This site is loaded with information. Click the tabs, scroll down and review posts and info posts on the right! Remember you can watch Twin Tiers Morning News on News Channel 25 WVTT-TV in Olean and Time Warner cable channel 15.
Thursday, August 16, 2012
Act 13 Will be Collected Next Month
Act 13 otherwise known as the "Unconventional Gas Well Impact Fee," was signed into law this spring. Beginning next month it will be collected for the first time. The Act imposes a drilling impact fee on the hydraulic fracturing wells used to access natural gas in the Marcellus Shale formation. The 37 counties where the wells have been drilled - including McKean, Potter, Elk and Cameron - enacted ordinances imposing the fee upon producers, and will be entitled to a portion of the fees due by Sept. 1 to the Pennsylvania Public Utility Commission. That money will then be divided by the cities in the county to use for a variety of projects from infrastructure improvements to emergency preparednes.
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