海角吃瓜网

Families and businesses in eastern Pennsylvania and New Jersey would have saved more than US$890 million in energy costs had the proposed PennEast Pipeline been in place during the 2013 - 2014 winter, according to a key finding from a comprehensive energy market savings report and analysis released by Concentric Energy Advisors, Inc. and PennEast Pipeline Company.

海角吃瓜网淭he potential savings to energy users 海角吃瓜网� our families, small businesses, government facilities and many others 海角吃瓜网� thanks to the PennEast proposed capacity 海角吃瓜网� is a game changer for the region,海角吃瓜网� said Peter Terranova, Chairman of the PennEast Pipeline board of managers. 海角吃瓜网淚magine how the region could have benefited had nearly US$900 million been injected into other parts of our local economies last winter? It is precisely why we are pursuing this project 海角吃瓜网� to help ensure reliability, stable energy prices and a local economic boost.海角吃瓜网�

The study, 海角吃瓜网淓stimated Energy Market Savings From Additional Pipeline Infrastructure Serving Eastern Pennsylvania and New Jersey,海角吃瓜网� examined what natural gas prices in the region that would be served by PennEast could have been in the winter of 2013 - 2014 if an additional 1 billion ft3/day of pipeline capacity had been available. Concentric evaluated the relationship between natural gas prices that actually occurred in eastern Pennsylvania and New Jersey relative to the natural gas demand experienced in the region each day, and the impact that additional pipeline capacity could have had by lowering natural gas prices from what otherwise occurred.

Concentric examined four primary areas of potential savings associated with additional pipeline infrastructure and lower natural gas prices in eastern Pennsylvania and New Jersey: 1) consumer savings associated with lower electric prices due to lower fuel costs for natural gas-fired electric generation; 2) savings due to natural gas electric generation displacing more costly oil-fired electric generation; 3) savings by industrial customers purchasing natural gas; and, 4) savings by customers of local distribution companies. The biggest savings would have come from lower electric prices due to the savings achievable by natural gas-fired electric generation, where Concentric estimated electric savings in excess of US$400 million due to lower market area natural gas prices.

海角吃瓜网淎dditional natural gas pipeline capacity, such as proposed by PennEast, has the potential to provide significant value to energy consumers in eastern Pennsylvania and New Jersey by lowering natural gas prices during high price periods,海角吃瓜网� concluded Concentric. Concentric海角吃瓜网檚 analysis focused on the winter of 2013 - 2014 since this period most accurately reflects the current market dynamics, including the inclusion of Spectra 海角吃瓜网檚 New Jersey-New York Expansion project and Transco海角吃瓜网檚 Northeast Supply Link 海角吃瓜网� both completed in late 2013. The study also notes that absent additional infrastructure, and with growing natural gas demand, the high natural gas prices experienced in the winter of 2013 - 2014, as well as those this winter, will continue.

海角吃瓜网淭he findings of Concentric海角吃瓜网檚 report underscore the enormous and broad positive impacts of the proposed PennEast Pipeline,海角吃瓜网� Terranova said. 海角吃瓜网淲hen you combine the estimated economic impact of US$1.6 billion from construction with US$23 million in annual operations, and then add potential annual savings of nearly US$900 million resulting from increased supply for the 2017 - 2018 winter, PennEast海角吃瓜网檚 value to the region is easily more than US$2 billion. This augments our long-term vision of continued savings and support to the communities where we live and work.海角吃瓜网�

PennEast Pipeline

The approximately 114 mile, 36 in. dia. PennEast Pipeline will transport approximately 1 billion ft³/day of clean, natural gas 海角吃瓜网� enough to serve approximately 4.7 million homes. It will run from Dallas, Luzerne County, in northeastern Pennsylvania, to Transco海角吃瓜网檚 pipeline interconnection near Pennington, Mercer County, New Jersey.

Adapted from press release by

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