The almost USD $1-billion Constitution Pipeline venture, which had been designed to take natural gas from Pennsylvania’s shale gas fields to metropolitan New York and New England, has been deserted after years of authorized regulatory challenges made it economically unfeasible, a spokesperson for venture companion Duke Energy stated Monday.
Duke is one of four challenge companions. The principal associate is The Williams Cos., based mostly in Tulsa, Okla. Others are Houston-based Cabot Oil and Gas and Calgary-based AltaGas. Williams, which has a 41% stake, stated in its annual report last week that the Constitution challenge would endure a 2019 lack of USD $354 million.
Because it was proposed in 2013 at a projected price underneath USD $700 million, delays and authorized challenges have pushed the prices up by practically 40%. After the mission received Federal Vitality Regulatory Fee approval in 2014, New York regulators refused to difficulty crucial water quality permits, citing issues about the hazard to wetlands and stream crossings.
Riverkeeper and different environmental teams have fought the challenge in courts. Landowners will now search to reverse the eminent domain that the regulatory commission had imposed to take property for the pipeline, Garti mentioned.
The Williams Cos. stated in an announcement that its current pipeline community and deliberate expansions supply a significantly better funding return than new tasks like Structure, which can be impacted by an unsure regulatory framework.
Environmental activists proceed to combat one other practically USD $1 billion Williams undertaking, the Northeast Supply Enhancement Project, which might lengthen a present pipeline to hold natural gas from Pennsylvania by means of New Jersey to New York City and Long Island. New York and New Jersey regulators have beforehand denied permits, however, allowed Williams to reapply.