Primary Investor in Constitution Pipeline Pulls the Plug
A main investor in a huge natural gas pipeline project in the Northeast says it's abandoning the development in wake of almost constant challenges.
The Associated Press reports a spokeswoman for Duke Energy of Charlotte, North Carolina said February 24 the economics of the 124-mile-long Constitution Pipeline project have changed, making the investment no longer justified.
Duke is one of four partners in the close to $1-billion pipeline project designed to take natural gas from Pennsylvania to New York and New England.
The other partners are Houston-based Cabot Oil and Gas, Calgary, Alberta-based Alta Gas and the primary partner, Williams Cos. of Tulsa, Oklahoma.
The massive pipeline was first proposed in 2014 but has faced almost constant legal and regulatory challenges as well as opposition from residents and environmental groups almost from day-one.