Iroquois Announces Interconnect for Constitution Pipeline in NY
In news related to the soon-to-be built Marcellus Shale Constitution Pipeline (being built by Williams), Iroquois, a major interstate natural gas transmission pipeline, announced today they plan to move forward with development of a new interconnect project that will expand their existing compressor station and metering facilities in Wright, New York in anticipation of the new Constitution pipeline connecting to the Iroquois at Wright. Plans call for Iroquois’ new construction to be completed by March 2015 when the Constitution plans to go in service.
From the Iroquois/Constitution joint press announcement:
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A very important legal decision in New York potentially affects all New York landowners with and without drilling leases who have seen a sharp jump in their property assessments. A Broome County, NY Supreme Court judge has just ruled in favor of four Tioga County, NY landowners who sued to have their property assessments reduced, believing their assessments were unfairly raised because of the perceived increase in land value from the possibility (i.e. “speculation”) that the land may one day see Marcellus Shale drilling.