Guess Why GDF Suez Doesn’t Want Marcellus Pipeline to New England

As MDN reported back in January, the governors of six New England States want ISO New England (the regional cooperative transmission organization) to assess a tax on electric customers throughout New England so they can build a new natural gas pipeline to the region (see Blue State Blues: 6 New England States Want New Natgas Pipeline). The problem is not so much residential customers running low on natgas but electric generating plants. Obama’s war on coal is rapidly shuttering coal-powered electric generating plants in New England and so to keep up the electric demand, they’re turning to natural gas to fire the plants. And because natgas is in short supply in New England, particularly in the winter months, it makes the price of electricity skyrocket. Hence–tax electric rate customers to build a natgas pipeline.

However, Frank Katulak, the CEO of GDF Suez which operates a big LNG (liquefied natural gas) import terminal in Everett, MA, is trash-talking a tax on New England electric rate payers to build a natgas pipeline. If the pipeline gets built, that means less import business for GDF Suez. But Katulak says oh no, that’s not why he thinks a healthy tax hike is a bad idea (of course not!)…

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