carl nelson france - spectra energy parterns joins penneast pipeline
TRANSCRIPT
- 1. Spectra Energy ParternsJoins PennEast PipelineCarl Nelson France
- 2. Spectra Energy Partners has decided to join in the development of the PennEast Pipeline. The proposedinterstate natural gas pipeline will help transport natural gas to help meet the growing energy demand in partsof New Jersey and Pennsylvania. Spectra will become the sixth member of the PennEast Pipeline Company, LLC. It joins NJR PipelineCompany; AGL Resources; PSEG Power LLC; UGI Energy Services (UGIES); and South Jersey Industries.Spectra and PSEG Power each hold a 10% interest in PennEast; the remaining ownership is from membercompanies that each have a 20% interest. UGIES will serve as the project manager for the development andplan to operate the pipeline. The 36-inch PennEast Pipeline, which spans 108-miles will transport 1 Bcf/d of natural gas. It will span fromDallas, Luzerne County, in northeastern Pennsylvania, to Transcos pipeline interconnect located inPennington, Mercer County, NJ. PennEast has began the Federal Energy Regulatory Commission pre-filing process and they plan to file anapplication in the third quarter 2015. Depending on regulatory approval, PennEast anticipates a November2017 start-up.