Coterra Energy (Cabot O&G) | Energy Companies | Energy Services | Industrywide Issues | Pennsylvania | Pipelines | Statewide PA | Transco | Williams
Cabot Pockets $89 Million Profit on Sale of Atlantic Sunrise Pipe
On Monday MDN brought you the news that NextEra Energy, largely a renewables company, has made the bold move of buying 39% of the Central Penn Line, otherwise known as Williams’ Atlantic Sunrise Pipeline project (see NextEra Energy Buys 39% Stake in Atlantic Sunrise Pipe for $1.37B). There is another aspect of that story worth mentioning–an aspect that involves Cabot Oil & Gas and a tidy profit.
Read More “Cabot Pockets $89 Million Profit on Sale of Atlantic Sunrise Pipe”
Last December Williams announced its Leidy South Project, a new expansion of the Transco pipeline in Pennsylvania (see 
Not everyone who lives in the Greater New York City area is falling for the bogus line by Gov. Andrew Cuomo that he’s not to blame for a natural gas shortage plaguing the region. As we’ve chronicled, endlessly, Cuomo ordered his Dept. of Environment Conservation to reject the Williams Northeast Supply Enhancement (NESE) pipeline project (see 
Most of the drama surrounding Williams’ Northeast Supply Enhancement (NESE) pipeline project has centered on New York State and its corrupt Governor, Andrew Cuomo, who denied a federal Clean Water Act Section 401 water crossing permit for the project (see 
A brief pause to enjoy an unqualified victory over the wackadoodles at the litigious New Jersey Chapter of the Sierra Club. Williams has just placed into service its Rivervale South to Market Project in New Jersey, now flowing enough fracked Pennsylvania Marcellus Shale gas to service an extra 1 million homes in the northeastern U.S. The Clubbers opposed the project and ultimately couldn’t do a thing to stop it.
Williams’ Transcontinental Gas Pipe Line Co. (Transco) filed a request yesterday with the Federal Energy Regulatory Commission (FERC) to start up the final pieces of its Rivervale South to Market Project in New Jersey. We first told you about the Rivervale project in 2017 when Williams filed an application with FERC (see 
In March 2017, radical green groups, including the Sierra Club, Lancaster Against Pipelines, Lebanon Pipeline Awareness, Allegheny Defense Project, Clean Air Council, Concerned Citizens of Lebanon County, and Heartwood, filed a lawsuit in the U.S. Court of Appeals for the District of Columbia in an attempt to block construction of the $3 billion Atlantic Sunrise Pipeline project in Pennsylvania (see 
The stories are beginning to appear in New York metro and now national media that Gov. Andrew Cuomo’s decision to block the Williams Northeast Supply Enhancement (NESE) pipeline project is having serious negative economic consequences–right now. For example, the owners of a New York City deli had planned to open a new burger restaurant in Brooklyn. National Grid is refusing to run gas service to the ready-to-go restaurant, and now the deli owners are left holding a $400,000 bag (of loans) to repay for work in getting the new restaurant ready.
On May 15 New York’s Dept. of Environmental Conservation (DEC), under the direction of Gov. Andrew Cuomo, denied a permit for the Williams Northeast Supply Enhancement (NESE) natural gas pipeline (see 
The U.S. Supreme Court has rejected hearing a case appealed from a lower court by a group of Lancaster County landowners who claim Williams and their Atlantic Sunrise Pipeline project abused eminent domain authority by building the pipeline before litigating (for years) how much money landowners should receive–landowners who refused to negotiate in good faith in the first place.
We recently brought you several stories about New York Gov. Andrew Cuomo’s predictable (and foolhardy) rejection of the Williams Northeast Supply Enhancement (NESE) pipeline project to pipe more natural gas to a desperate New York City and Long Island (see 
Yesterday New York Gov. Andrew Cuomo dropped an economic atom bomb on New York City by rejecting a natural gas pipeline to bring more supplies of clean-burning natgas to NYC and Long Island (see 
Hey New York Islanders NHL team–you’re screwed. No new stadium because your governor, Andrew Cuomo has just directed his corrupt Dept. of Environmental Conservation (DEC) to deny a permit to build the Williams Northeast Supply Enhancement (NESE) natural gas pipeline, a pipeline your new stadium needs or won’t get built. You can thank Andy for blowing your billion dollar project. Oh, and residents in NYC’s tenement buildings who won’t have heat next winter because their landlords are being forced by the city to dump fuel oil and now have nothing to switch to? They can thank Andy too, as they huddle with their winter coats on in their freezing apartments.