WYOMISSING, Pa., Sept. 24, 2015 (GLOBE NEWSWIRE) -- PennEast Pipeline Company LLC, (PennEast) announced today it is submitting its application September 24, 2015, to FERC for a permit to proceed with construction of the proposed PennEast Pipeline, signaling the next critical step in offering eastern Pennsylvania and New Jersey energy consumers the environmental and economic benefits of abundant, locally produced natural gas.
Pending regulatory approval and issuance of a FERC certificate, PennEast anticipates beginning construction in 2017. AGL Resources; NJR Pipeline Company; PSEG Power LLC; SJI Midstream; Spectra Energy Partners and UGI Energy Services form the PennEast Pipeline Company. UGI Energy Services serves as the project manager and would be the operator of the proposed PennEast Pipeline, announced in August 2014.
For additional information on the PennEast Pipeline, visit PennEastPipeline.com or call (844) 347-7119.
About PennEast Member Companies:
AGL Resources www.aglresources.com
AGL Resources (GAS) is an Atlanta-based energy services holding company with operations in natural gas distribution, retail operations, wholesale services and midstream operations. AGL Resources serves approximately 4.5 million utility customers through its regulated distribution subsidiaries in seven states. The company also serves approximately 630,000 retail energy customers and approximately 1.2 million customer service contracts through its SouthStar Energy Services joint venture and Pivotal Home Solutions, which market natural gas and related home services. Other non-utility businesses include asset management for natural gas wholesale customers through Sequent Energy Management and ownership and operation of natural gas storage facilities. AGL Resources is a member of the S&P 500 Index.
NJR Pipeline Company www.njresources.com
NJR Pipeline Company is a subsidiary of New Jersey Resources (NJR), a Fortune 1000 company that provides safe and reliable natural gas and clean energy services, including transportation, distribution and asset management. NJR Pipeline is part of NJR's strong financial profile and ongoing commitment to invest in and own midstream assets, including natural gas storage and transportation pipelines. NJR's midstream assets are currently comprised of a 5.53 percent stake in Iroquois Pipeline and a 50 percent stake in Steckman Ridge, a 12 Bcf storage field in south central Pennsylvania, and now equity ownership in the PennEast Pipeline.
Public Service Enterprise Group www.pseg.com
Public Service Enterprise Group (PEG) is a publicly traded diversified energy company with annual revenues of $10 billion. Its operating subsidiaries are: PSEG Power, Public Service Electric and Gas Company (PSE&G) and PSEG Long Island.
SJI Midstream www.sjindustries.com
SJI Midstream is a direct subsidiary of South Jersey Industries (SJI), formed in 2014 to house the company's interest in midstream business activities, including its equity investment in the PennEast Pipeline project. SJI, an energy services holding company based in Folsom, NJ, operates its business through two additional business segments, as well. South Jersey Gas, one of the nation's fastest growing natural gas utilities, delivers clean, efficient natural gas and promotes energy efficiency to more than 369,000 customers in southern New Jersey. SJI's non-regulated businesses, under South Jersey Energy Solutions, promote efficiency, clean technology and renewable energy by developing, owning and operating on-site energy production facilities -- including Combined Heat and Power, Solar, and District Heating and Cooling projects; acquiring and marketing natural gas and electricity for retail customers; providing wholesale commodity marketing and fuel supply management services; and offering HVAC and other energy-efficiency related services.
Spectra Energy Partners www.spectraenergypartners.com
Spectra Energy Partners, LP (SEP) is a Houston-based master limited partnership, formed by Spectra Energy Corp (SE). SEP is one of the largest pipeline MLPs in the United States and connects growing supply areas to high-demand markets for natural gas, natural gas liquids, and crude oil. These assets include more than 17,000 miles of transmission and gathering pipelines, approximately 150 billion cubic feet of natural gas storage, and approximately 4.8 million barrels of crude oil storage.
UGI Energy Services, LLC www.ugies.com
UGI Energy Services is a subsidiary of UGI Corporation (UGI). UGI Energy Services markets natural gas, electricity and liquid fuels to approximately 19,000 residential, commercial, industrial, institutional and government customers in nine states and Washington, D.C. In addition, it stores and delivers natural gas and generates electricity.