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News Breaks
August 12, 2014
08:38 EDTSJI, NJR, UGI, GASPennEast Pipeline to construct 100-mile natural gas pipeline
PennEast Pipeline announced plans to construct a 100-mile pipeline intended to bring lower cost natural gas produced in the Marcellus Shale region to homes and businesses in Pennsylvania and New Jersey. PennEast is a joint project of AGL Resources (AGL), NJR Pipeline (NJR), a subsidiary of New Jersey Resources (NJR), South Jersey Industries (SJI) and UGI Energy Services, a subsidiary of UGI (UGI). The PennEast Pipeline is designed to provide natural gas service to the equivalent of 4.7M homes, up to 1 Bcf per day. The pipeline will begin in Luzerne County in northeastern Pennsylvania and end at Transco's Trenton-Woodbury interconnection in New Jersey. PennEast is investing nearly $1 billion to build the pipeline with the costs split among the four entities. UGIES is the project manager for the development of the project and will operate the pipeline.
News For GAS;NJR;SJI;UGI From The Last 14 Days
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October 8, 2015
16:32 EDTGASSouthern Co., AGL Resources file request with IL regulators for merger approval
In a joint filing with the Illinois Commerce Commission, Southern Company (SO) and AGL Resources (GAS) requested regulatory approval of the companies' proposed merger. AGL Resources is the parent company of Nicor Gas, a regulated utility providing natural gas services to approximately 2.2M customers in northern and central Illinois. When completed, the combination of Southern Company and AGL Resources is expected to create the second-largest utility company in the U.S. by customer base, bringing together: 11 regulated electric and natural gas distribution companies providing service to approximately nine million customers; Operations of nearly 200,000 miles of electric transmission and distribution lines; More than 80,000 miles of gas pipelines; and Approximately 46,000 megawatts of electricity generating capacity. The companies expect to complete the transaction in the second half of 2016.
October 6, 2015
16:40 EDTGASAGL subsidiary to collect $174M in pipeline replacement settlement
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September 24, 2015
10:30 EDTNJR, SJI, UGIAmerican Gas Association to hold a forum
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