Spectra Energy to Proceed With East Coast Expansion Project
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Spectra Energy Corp (NYSE: SE) today received approval from the Federal Energy Regulatory Commission (FERC) to proceed with construction on the New Jersey-New York Expansion Project, a 20-mile expansion of the Company's Texas Eastern Transmission and Algonquin Gas Transmission interstate pipeline systems. Once completed, the New Jersey-New York Expansion Project will provide an additional 800 million cubic feet per day of natural gas capacity into the New Jersey/New York region.
"The comprehensive, multi-year review by numerous federal, state and local agencies has culminated with the formal approval by FERC to commence construction of the New Jersey-New York Expansion Project," said Greg Ebel, president and chief executive officer, Spectra Energy Corp. "We will continue to cooperate with…
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