UPDATE: FERC approves Spectra pipeline, with conditions
May 22, 2012
JERSEY CITY AND BEYOND – The Federal Energy Regulatory Commission (FERC) today unanimously approved, with conditions, the New Jersey-New York Project proposed by Texas-based Spectra Energy. The federal agency approved the controversial project weeks earlier than had been anticipated.
To read FERC’s full 44-page ruling, visit the agency’s eLibrary at:
http://www.ferc.gov/EventCalendar/Files/20120521182749-CP11-56-000.pdf For more than a year FERC has been evaluating an application from Spectra Energy to build a 19.8-mile natural gas pipeline that would be routed through much of Jersey City and near sensitive infrastructure.
Breaking News! FERC Approves Spectra Pipeline!
Monday, May 21, 2012
FERC has approved the Spectra Pipeline 3 weeks ahead of the earliest anticipated date, apparently reacting to requests for expedited approval from Con Ed, PSC and the (NYC’s)Mayor’s Office.
Excerpts from the 68-page document, for your reading displeasure:
May 21, 2012, Certificates of public convenience and necessity are issued to Texas Eastern and to Algonquin, authorizing the construction and operation of the NJ-NY Project facilities.
Texas Eastern estimates the cost of its portion of the NJ-NY Project to be $789,493,884. Algonquin estimates that the cost of its portion of the project will be $67,524,524. Texas Eastern proposes to charge incremental recourse rates for firm and interruptible transportation service to recover the costs associated with the construction of the proposed facilities as well as the leased capacity.
in deciding whether to authorize major new natural gas transportation facilities, the Commission balances public benefits against potential adverse consequences.