National Grid Utilities Seek Contract OKs on Competing New England Pipeline Projects

摘要

National Grid's Massachusetts Electric Co. and Nantucket Electric Co. recently asked Massachusetts regulators to approve contracts for natural gas pipeline capacity on separate projects by Algonquin Gas Transmission LLC and Tennessee Gas Pipeline LLC (TGP). The utilities, each doing business as National Grid, propose two long-term capacity contracts with Algonquin for capacity on the Access Northeast (ANE) project. As well, they propose two long-term contracts with TGP for capacity on its Northeast Energy Direct (NED) project. TGP is a Kinder Morgan Inc. pipeline. Algonquin is a unit of Spectra Energy. Spectra is leading the ANE project, in which National Grid is a participant (see Daily GPI, Feb. 19, 2015).