$3.2 Billion Natural Gas Pipeline Put on Hold
BOSTON (AP) — Two of Massachusetts’ largest utility companies have halted a $3.2 billion natural gas pipeline project, citing funding uncertainty.
Pipeline operator Enbridge Inc., a partner in the Access Northeast project along with Eversource and National Grid, informed the Federal Energy Regulatory Commission of their decision to withdraw the project application Thursday.
The 125-mile project would have replaced natural gas pipes with larger ones in Massachusetts and Connecticut. However, the plan to have electricity ratepayers shoulder the cost was shot down by the state Supreme Judicial Court last year.
Both Eversource and National Grid say the pipeline could reduce electric bills by nearly $1 billion across New England, more than covering the cost of the tariff.
Critics say less expensive and more environmentally friendly solutions are available.
Related News
Related News
- Trump Aims to Revive 1,200-Mile Keystone XL Pipeline Despite Major Challenges
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
- ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
- ONEOK Agrees to Sell Interstate Gas Pipelines to DT Midstream for $1.2 Billion
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Tullow Oil on Track to Deliver $600 Million Free Cash Flow Over Next 2 Years
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- GOP Lawmakers Slam New York for Blocking $500 Million Pipeline Project
- Texas Oil Company Challenges $250 Million Insurance Collateral Demand for Pipeline, Offshore Operations
Comments