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US West Coast Project rejected by FERC, page-2

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BKZ

742 Posts.

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14/03/16

14:11

Post #: 17268726
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No commentary? Just a link?

Think of us lazy busy people!!!!

"
Williams and Veresen failed to demonstrate that the pipeline’s benefits would outweigh the “adverse effects on landowners,” the Federal Energy Regulatory Commission said Friday in an order denying authorization.
And without a pipeline supplying gas, the Jordan Cove export terminal “can provide no benefit to the public to counterbalance” the impacts associated with its construction, the agency said.

The project has been mired in regulatory setbacks since it was first proposed, from delays over a state water permit to the extension of its public commenting period.
“The more adverse impact a project would have on a particular interest, the greater the showing of need and public benefits required to balance the adverse impact,” the federal energy commission said in its order on Friday.
The companies showed “little or no evidence of the need” for the Pacific Connector pipeline considering they hadn’t conducted an open season for capacity on the system and didn’t have contracts for it, the agency said in the order.
For their part, Veresen and Williams said they were confident they’d find customers and that they were in negotiations with prospective clients.

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LNG Price at posting: 64.0¢ Sentiment: Hold Disclosure: Held
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