Yet another natural-gas pipeline has been proposed in New Jersey, billed as a way to bring cheaper and less-volatile prices to the 3 million customers in the state who use the fuel to heat their homes and run their businesses.
PennEast Pipeline Company, LLC, yesterday announced it would seek federal approval to build a $1 billion, 100-mile pipeline from northeastern Pennsylvania to Transco’s Trenton-Woodbury interconnection in New Jersey. The 100-mile natural-gas pipeline proposed for Pennsylvania and New Jersey pipeline delivers natural gas from the Gulf of Mexico to New Jersey and the New York area.
Like other projects proposed or approved in recent years, the latest pipeline is designed to tap abundant and cheap natural-gas resources discovered in the Marcellus Shale formations in Pennsylvania and nearby states. Those new supplies have drastically lowered heating costs for consumers who rely on natural gas and have also driven down the cost of generating electricity for businesses and homeowners.
But the pipeline projects have generated significant opposition from environmental groups, particularly when proposed projects would traverse open spaces previously set aside with taxpayers’ money for preservation – especially the New Jersey Highlands region, source of drinking water for more than 5 million people.