DOE Invests $42M to Advance PA-NY Natural Gas Pipeline
- Reports
- 5
- Developments
- 2
- Repetition
- 60%
New informationRepeats or wire copies
What happened
The Department of Energy is using up to $42 million in Defense Production Act Title III funding to advance the 125-mile Constitution Pipeline project. This pipeline is designed to transport fracked natural gas from Pennsylvania to New York. The funding is intended to cover engineering, pre-construction work, and permitting costs for the long-stalled project.
From vtcng.com, peakoil.com
Why it matters
Industry experts suggest the pipeline could lower fuel and electricity costs for consumers in New York and other Northeast states. The project aims to increase access to low-cost, reliable fuel and strengthen the security of the nation’s energy system.
From vtcng.com, peakoil.com
Who's involved
- Department of EnergyThe government agency providing the $42 million funding for the pipeline revival.
- PennsylvaniaThe state where the natural gas originates for the pipeline.
- New YorkThe state that will receive the natural gas via the pipeline.
- New EnglandThe regional area that will benefit from increased fuel supply and lower energy costs.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- New YorkSpeculative
New York consumers might see lower costs for fuel and home heating due to increased gas supply.
- New EnglandSpeculative
New England could experience lower energy costs and increased supply reliability from the pipeline system.
- PPLSpeculative
PPL may reduce operational costs by accessing cheaper natural gas from the new pipeline.
- PJM InterconnectionSpeculative
PJM Interconnection could stabilize and lower regional energy market costs through increased gas supply.
How it developed
Newest first. Tap a step to see who reported it.DOE pumps money into the natural gas pipeline carrying gas from Pennsylvania to New York.1 source
Doug Burgum described the PA-NY pipeline project on Fox Business.1 source
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The entities involved
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Pennsylvania
state of the United States of America
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New York
state of the United States of America