Transcontinental Gas Pipeline Company (or “Transco”) received a significant boost from the Federal Energy Regulatory Commission (FERC) yesterday. FERC issued a “finding” that Transco’s proposed pipeline extension in the northeast, called the Northeast Supply Link Project, does not pose a threat to the environment. The finding clears the way for full FERC approval of the project.
The project will run new pipeline and expand existing pipeline from Transco’s Leidy Line in Pennsylvania and New Jersey to existing delivery points in Pennsylvania, New Jersey, and New York City, brining with it new quantities of Marcellus Shale gas to metropolitan population centers in the northeast, including New Jersey and New York City. The FERC finding means the project will likely now receive a green light to move forward. FERC is the federal agency charged with evaluating and approving new pipeline projects in the U.S.