BOSTON (AP) – Plans to build a $3.3 billion natural gas pipeline from New York into New England through western Massachusetts and southern New Hampshire have been suspended.
Houston-based Kinder Morgan Inc. announced Wednesday it has decided to stop work on the project. It cites a lack of contracts with gas distribution companies.
The company also says New England states haven’t established needed regulatory procedures to allow it to move forward and the process in each state for creating those procedures remains open-ended.
The company says given the market conditions continuing to develop the pipeline is an unacceptable use of its shareholder funds.
U.S. Sen. Kelly Ayotte says she’s pleased by the announcement. The New Hampshire Republican says there were still many unanswered questions about the project.
Mass. Sen. Edward Markey released the following statement:“I have opposed Kinder Morgan’s proposed pipeline through Massachusetts and New England because of concerns that it could have led to the export of American natural gas to foreign countries, the impact it would have had on local communities in Massachusetts, and its potential to worsen climate change. Using New England as a throughway to export U.S. gas to overseas markets might be good for the bottom lines of pipeline companies but it could raise prices and be a disaster for consumers and businesses in our region.“We need to build on the work that we have done in New England to move to a clean energy economy. And we should create jobs in New England by working smarter not harder when it comes to using natural gas through increasing efficiency and repairing and replacing our aging and leaking natural gas distribution pipeline infrastructure. Repairing these aging, leaking natural gas pipelines is a win for safety, a win for job creation, a win for consumers who have to pay for this lost gas, and a win for the climate. “I will continue to vigorously oppose any pipeline proposals that would serve to export natural gas out of our region to overseas nations at the expense of Massachusetts consumers.”RELATED: Town of Nassau FERC 3102016 Letter to Suspend
The town was of the belief the goal of the NED Pipeline Project was to maximize profits for Kinder Morgan.
Nassau Town Supervisor David Fleming released the following statement:
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