The Notice of Schedule (NOS) for Environmental Review recently released by the Federal Energy Regulatory Commission (FERC) pursuant to the PennEast Pipeline Project (Project) is a key milestone for the Project, according to PennEast Pipeline Company LLC (PennEast).
Released March 29, the NOS establishes Dec. 16, 2016, for the completion of FERC’s environmental review of the Project. FERC’s statement of intent to proceed with its environmental review in cooperation with other federal agencies is a significant milestone for the Project and represents an important step toward obtaining the necessary approvals to begin construction.
“The announcement of FERC’s NOS is another step forward for PennEast as we continue through the process,” said Peter Terranova, chair of the PennEast board of managers. “We recognize the unprecedented number of pipeline applications currently under consideration by FERC and are pleased to have received FERC’s notice to proceed with the environmental review of our project in a timely manner. We remain committed to the completion of this vital project and bringing the benefits of lower energy costs, cleaner energy and thousands of construction and ancillary jobs to Pennsylvania, New Jersey and New York.”
With agreements in place to secure major equipment required to build and operate the Pipeline, PennEast is working to finalize other construction-related agreements that will be required to construct the Project upon receipt of all necessary authorizations. PennEast also is in the process of reviewing FERC’s NOS in order to update its timeframe for construction. Based on a preliminary review, PennEast anticipates an in-service date in the second half of 2018 rather than late 2017.
PennEast submitted its pre-filing application with FERC on Oct. 7, 2014, and its formal application for permission to build, own and operate the PennEast Pipeline on Sept. 24, 2015. To date, PennEast has conducted extensive public outreach, performed field surveys on more than 60 percent of the route, responded to two comprehensive data requests from FERC seeking additional detailed information regarding the Project, and provided responses to approximately 2,000 comments.
The proposed 118-mile Project represents a $1 billion investment and will deliver approximately 1 billion cubic feet of gas per day to customers in Pennsylvania, New Jersey and New York. It will originate in Luzerne County in northeastern Pennsylvania and terminate at the Transco interconnection in Mercer County, New Jersey.
For additional information on the PennEast Pipeline Project, visit www.penneastpipeline.com; send an e-mail to answers@penneastpipeline.com or call (844)347-7119.
About PennEast Member Companies
AGL Resources
www.aglresources.com
AGL
Resources (NYSE: GAS) is an Atlanta-based energy services holding
company which owns and operates natural gas utilities, as well as retail
energy and services, wholesale services and midstream businesses. AGL
Resources serves approximately 4.5 million utility customers through its
regulated distribution subsidiaries in seven states. The company also
serves more than one million retail customers through its SouthStar
Energy Services joint venture and Pivotal Home Solutions, which market
natural gas and related home services. Other non-utility businesses
include asset management for natural gas wholesale customers through
Sequent Energy Management and ownership and operation of natural gas
storage facilities. AGL Resources is a Fortune 500 company and a member
of the S&P 500 Index. For more information, visit www.aglresources.com.
NJR Pipeline Company
www.njresources.com
NJR
Pipeline Company is a subsidiary of New Jersey Resources (NYSE: NJR), a
Fortune 1000 company that provides safe and reliable natural gas and
clean energy services, including transportation, distribution and asset
management. NJR Pipeline is part of NJR’s strong financial profile and
ongoing commitment to invest in and own midstream assets, including
natural gas storage and transportation pipelines. NJR’s midstream assets
are currently comprised of a 50 percent ownership stake in Steckman
Ridge - a 12 Bcf storage field in south central Pennsylvania - a stake
in Dominion Midstream Partners, L.P. and now equity ownership in the
PennEast Pipeline.
Public Service Enterprise Group
www.pseg.com
Public
Service Enterprise Group (NYSE: PEG) is a publicly traded diversified
energy company with annual revenues of $10 billion. Its operating
subsidiaries are: PSEG Power, Public Service Electric and Gas Company
(PSE&G) and PSEG Long Island.
SJI Midstream
www.sjindustries.com
SJI
Midstream is a direct subsidiary of South Jersey Industries (NYSE: SJI),
formed in 2014 to house the company’s interest in midstream business
activities, including its equity investment in the PennEast Pipeline
project. SJI, an energy services holding company based in Folsom, NJ,
operates its business through two additional business segments, as well.
South Jersey Gas, one of the nation’s fastest growing natural gas
utilities, delivers clean, efficient natural gas and promotes energy
efficiency to more than 373,100 customers in southern New Jersey. SJI’s
non-regulated businesses, under South Jersey Energy Solutions, promote
efficiency, clean technology and renewable energy by developing, owning
and operating on-site energy production facilities – including Combined
Heat and Power, Solar, and District Heating and Cooling projects;
acquiring and marketing natural gas and electricity for retail
customers; providing wholesale commodity marketing and fuel supply
management services; and offering HVAC and other energy-efficiency
related services.
Spectra Energy Partners
www.spectraenergypartners.com
Spectra
Energy Partners, LP (NYSE: SEP) is a Houston-based master limited
partnership, formed by Spectra Energy Corp (NYSE: SE). SEP is one of the
largest pipeline MLPs in the United States and connects growing supply
areas to high-demand markets for natural gas and crude oil. These assets
include more than 15,000 miles of transmission and gathering pipelines,
approximately 170 billion cubic feet of natural gas storage, and
approximately 4.8 million barrels of crude oil storage.
UGI Energy Services
www.ugies.com
UGI
Energy Services, LLC is a subsidiary of UGI Corporation (NYSE:UGI). UGI
Energy Services, LLC markets natural gas, electricity and liquid fuels
to approximately 20,000 residential, commercial, and industrial
customers in ten states and Washington, D.C. In addition, it stores and
delivers natural gas and generates electricity.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160404005398/en/
Contacts:
Patricia Kornick, 412-780-4696
pkornick@penneastpipeline.com