Tag: New England
Quebec to New Hampshire transmission line project approved by US Dept of Energy
DOE approves long-delayed New England infrastructure and clean energy project WASHINGTON, D.C. — The Department of Energy(DOE) issued a Record of Decision and approved the Presidential permit for the proposed Northern Pass Transmission Line project, according to a DOE press release. The 192-mile above and below ground, alternating and direct current transmission system will deliver up to 1090 […]
Natural gas prices in 2016 were the lowest in nearly 20 years
Production has not fallen as sharply as number of active rigs, as producers made gains in drilling efficiency US natural gas prices in 2016 averaged $2.49 per million British thermal units (MMBtu) at the national benchmark Henry Hub, the lowest annual average price since 1999. The monthly average price fell below $2.00/MMBtu from Feb. through May, […]
New England natural gas pipeline capacity increases for first time since 2010
Spectra Energy Corporation has almost completed the first two natural gas pipeline projects in New England since 2010, according to the US Energy Information Administration. On Nov. 1, Spectra placed part of the Algonquin Incremental Market (AIM) project into service, following the late-October approval from the Federal Energy Regulatory Commission (FERC). The remainder of the […]
Mild weather, ample natural gas supply curb Northeast winter power, gas prices
After mild winter, lower-than-normal storage withdrawals, natural gas in storage as of March 25 totaled 2,468 Bcf, 68% higher than last year Wholesale natural gas and power prices in the Northeast United States remained relatively low this winter, absent the large spikes that have occurred during recent winters, according to US Energy Information Administration. A […]
Hydropower – Northeast desperately needs energy, eco-activists try to block Canadian imports
New Englanders will pay a tops-in-the-nation 20.2 cents per kilowatt-hour in Q3 of this year. Canadian hydropower could lower rates. As President Obama prepares to close coal power plants across the country with the Clean Power Plan, New England environmentalists oppose importing more Canadian clean hydropower. Plenty of raw electricity sloshes around in Quebec’s rivers and reservoirs, […]
Kinder Morgan building $3.3B natural gas pipeline to New England market
Kinder Morgan announced Wednesday it is buying out Shell’s interest in Elba Liquefaction Co. joint venture Natural gas from northeastern shale fields will be moving to New England via a new $3.3 billion pipeline to be built and operated by Houston-based Kinder Morgan. Kinder Morgan Inc.’s board of directors approved the investment Thursday, which was first proposed in 2014, […]
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