$3 Billion Natural Gas Pipeline Plan Halted due to Loss of Funding, Permits

Major energy companies Eversource and National Grid, alongside pipeline operator Enbridge, announced on June 29 that they notified the Federal Energy Regulatory Commission (FERC) that the three companies would suspend the permitting process for their natural gas pipeline project.

The approximately $3.2 billion project, known as Access Northeast, allegedly needs more time to create a stronger political support for a proposed tariff on electric ratepayers, according to oil news-analysis company, OilandGas360. The original curated legislation would “allow the costs to be shouldered by electricity customers,” and was met with a large amount of backlash.

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