PennEast Statement on FERC Revised Environmental Review Schedule

January 23, 2017

The following is a statement by Pat Kornick, spokesperson for PennEast Pipeline Company, regarding the Federal Energy Regulatory Commission’s (FERC) notice of environmental review schedule change.

“After a two-and-a-half year review of PennEast Pipeline Company’s application, including the 33 route adjustments announced in September to further reduce environmental impact, the additional 49-day review period FERC announced today will help ensure a complete and thorough review. PennEast looks forward to receiving the final Environmental Impact Statement (EIS) and anticipates the line will be operational in the second half 2018.

“FERC determined in its initial environmental assessment that the PennEast Pipeline would have minimal environmental impact – and could even improve the region’s air quality as natural gas displaces other less-clean fuels for electric power generation. PennEast is confident the Project can be built safely and with minimal environmental impact and will continue to provide necessary data as FERC continues its due diligence on the Project.

“PennEast is excited about delivering the benefits of lower electric and reduced gas costs, creating thousands of jobs, and capitalizing on clean-burning American energy that will power the region’s economy for decades to come. That’s why PennEast’s capacity is 90 percent subscribed, and is supported by every major business and labor organization throughout New Jersey and Pennsylvania. It also is cited by the world’s largest electric grid operator as a Project that would provide additional reliability, and recognized by FERC as a pipeline project whose benefits cannot be met by any other existing pipeline.”