WYOMISSING, Pa. — PennEast Pipeline Company, LLC, announced that PSEG Power LLC, a subsidiary of the Public Service Enterprise Group, has joined the project to develop a 100-mile pipeline from Pennsylvania to New Jersey that will transport natural gas to homes and businesses.
The PennEast Pipeline will run from Luzerne County in northeastern Pennsylvania to Transco’s Trenton-Woodbury interconnection in New Jersey. The pipeline, projected to go into service in 2017, will transport up to 1 bcf of clean, natural gas per day — enough natural gas to serve approximately 4.7 million homes.
Additional pipeline partners include AGL Resources; NJR Pipeline Company, a subsidiary of New Jersey Resources; South Jersey Industries; and UGI Energy Services (UGIES), a subsidiary of UGI Corporation. PSEG Power LLC, will have a 12 percent interest in PennEast. The other PennEast Pipeline Company members each will have 22 percent interest.
“PennEast is pleased to welcome PSEG Power as a partner and shipper on the PennEast Pipeline,” said Peter Terranova, Chair of the PennEast Board of Managers. “Now, nearly all major market centers in New Jersey will benefit from this direct connection to reliable and affordable Marcellus Shale gas from Pennsylvania.”
PennEast is investing nearly $1 billion to build the new pipeline. Aside from providing greater access to lower cost natural gas, the project will benefit the region’s economy and create local jobs. It is estimated that more than 2,000 jobs will be created during the seven-month construction phase.
Preliminary engineering studies have begun, and a formal application will be filed with the Federal Energy Regulatory Commission (FERC) in 2015. UGIES is the project manager for the development of the project and will operate the pipeline.