NiSource Announces $4B Upgrade Plan for Interstate Pipelines
Midstream and utility company NiSource is in the news for a second time this week. On Monday, NiSource announced a joint venture with Hilcorp to build new Utica Shale gathering pipelines and a processing plant in eastern Ohio and western Pennsylvania (see this MDN story).
Yesterday NiSource announced a new project to rebuild and upgrade 12,000 miles of its Columbia Gas Transmission interstate pipelines and compressor stations to the tune of $4 billion over the next 15 years. Much of that work will benefit the Marcellus and Utica Shale region, resulting in more shale gas finding its way to market, according to NiSource.
NiSource reps, federal government officials and the Mayor of Columbus held a press conference yesterday to talk about this major new initiative by NiSource. Below is the follow-up press release, rearranged by MDN to show the important information first: