Post by Logan on Apr 22, 2016 22:03:19 GMT -6
The Texas-based company Kinder Morgan says it won’t build a natural gas pipeline that was supposed to run within seven miles of Vernon.
The company made the surprise announcement Wednesday, just five months after it applied for a federal permit for the Northeast Energy Direct Pipeline.
The town of Vernon was aggressively working to convince investors to build a natural gas power plant that would have used gas from the proposed pipeline. Vernon’s plant project, which was estimated to cost about $750 million, will not proceed without the pipeline.
Kinder Morgan said work on the $3.3 billion pipeline would be suspended because there was not enough interest in purchasing the natural gas.
Read more: www.timesargus.com/article/20160422/NEWS01/160429864
The company made the surprise announcement Wednesday, just five months after it applied for a federal permit for the Northeast Energy Direct Pipeline.
The town of Vernon was aggressively working to convince investors to build a natural gas power plant that would have used gas from the proposed pipeline. Vernon’s plant project, which was estimated to cost about $750 million, will not proceed without the pipeline.
Kinder Morgan said work on the $3.3 billion pipeline would be suspended because there was not enough interest in purchasing the natural gas.
Read more: www.timesargus.com/article/20160422/NEWS01/160429864