Proposal for Expansion of Natural Gas Pipeline Put Forward for NY and NJ

Spectra Energy Corp

Giant energy companies of the nation have shared that they are looking at a major expansion of natural gas pipeline across the New York City, which will not only boost the metropolitan's use of natural gas while simultaneously pulling down the pollution produced as a result of use of alternate heating sources, but also benefit residents of New Jersey.

On Monday, Spectra Energy Corp. shared that a possible expansion of the Texas Eastern Transmission and Algonquin Gas Transmission pipeline will end up delivering up-to 800 million cubic feet of natural gas every single day, and this will go mostly to Consolidated Edison Inc., which is responsible for serving nearly 1 million natural gas customers in New York.

The project is expected to be completed by 2013's fourth quarter, but no confirmations about the costs involved. Provider of the natural gas, Chesapeake Energy Corp., has said that while the prime beneficiaries would be residents of New York, New Jersey people would also see more supplies.

"The relative proximity of abundant Marcellus natural gas reserves to New York City will provide the public, utilities and businesses with a clean-burning alternative to existing dirtier fuel sources", Chesapeake CEO Aubrey K. McClendon said.

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