Tennessee Gas Pipeline Makes Anticipated FERC Filing to Certificate its 'Northeast Energy Direct' (NED) Natural Gas Project Targeting Constrained Markets In New York and New England

摘要

On 11/20/15, Tennessee Gas Pipeline (TGP), a Kinder Morgan affiliate, filed an application with FERC for certification of its proposed Northeast Energy Direct (NED) project (CP16- 21). The filing culminates extensive preliminary efforts by the company to pave the way for the estimated $5.2 billion system expansion, which TGP promotes as “transformative” for the New York and New England energy markets. There is no debate that these Northeast markets have suffered from high gas and electric prices the last two winters, despite being just a few hundred miles from abundant, low-cost shale gas supplies in Pennsylvania. TGP conceived the NED project to make a dent in the pipeline capacity shortage that underlies the tight winter markets and high prices for natural gas (which also drive up electric market prices in a region becoming increasingly dependent on gas-fired generation).