Everett LNG Terminal
Sticking with the theme of New England's LNG import facility, Constellation Energy Corp’s Everett LNG, a story appearing on S&P Global Commodity Insights says unless the Federal Energy Regulatory Commission (FERC) acts soon, the Everett LNG import facility near Boston likely will close down after 2024. Why? Following a federal court ruling, Everett can no longer pass along nearly all of its operating costs to Constellation's Mystic Power electricity customers. Everett is willing to sign new LNG contracts with various customers, but has had to raise its prices, making such contracts uncompetitive. The company doesn't know how much it can/should charge customers (to recoup operating costs), and how much it can pass along to Mystic Power customers.
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