FERC Approves Amended Certificate With New Recourse Rate and No Change to Rate Design of New Jersey-New York Expansion Project of Texas Eastern/Algonquin

摘要

On 10/4/13 FERC issued amended certificates sought jointly by Texas Eastern Transmission, LP and Algonquin Gas Transmission, LLC (CP11-56) for the New Jersey-New York Expansion Project (NJ-NY Project). The original authorizations were issued on 5/21/12. The applicants have requested and the Commission now approved Texas Eastern’s revised initial reservation recourse rate for service performed on the NJ-NY Project, which has an anticipated in-service date next month on November 1. The revised rate reflects an overall increase in the NJ-NY Project’s construction costs from amounts initially projected.