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Committee backs bill to restore DEP authority on plugging bonds for conventional wells
Summary
House Bill 364, which would restore the Department of Environmental Protection and the Environmental Quality Board's authority to adjust bonding amounts for conventional gas wells, was reported out of the House Environmental Committee after debate over costs, industry impacts and federal funding.
The House Environmental Committee voted to report House Bill 364 to the full House. The bill would restore to the Department of Environmental Protection and the Environmental Quality Board the authority to adjust required surety and bond amounts for conventional gas wells, reversing a change made in 2022 that fixed a $2,500 bond minimum and limited regulatory adjustment for 10 years.
Committee members described a gap between the current $2,500 surety…
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