(WYOMISSING, Pa.) — 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.
About PennEast Member Companies
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
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
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 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
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
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.