Spectra Spits in MA High Court’s Eye – We’ll Still Build Pipeline

spit.jpgLast week MDN reported on the decision by the Massachusetts Supreme Court to deny utility companies operating in the state to pass along potential costs of a new natural gas pipeline to electric rate payers–the people who would most benefit from such a pipeline (see MA Supreme Court Ruling Endangers New England Gas Pipelines). Several utilities had entered into long-term agreements with Spectra Energy’s proposed Access Northeast pipeline on the basis of recovering their costs by passing along pipeline costs to ratepayers. We previously took great pains to explain this complex issue, of government-regulated companies and how they make money. We speculated last week that this decision may indeed imperil the building of Spectra’s Access Northeast pipeline. Good news! Spectra is metaphorically spitting in the eye of the MA Supremes. The company says it will move forward with building the pipeline anyway, regardless of the Supreme Court’s decision…

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