Constitution Pipeline, Leatherstocking Gas Co. to Facilitate Potential Local Gas Service in Southern NY & Northern PA
March 18 2014 - 12:49PM
Business Wire
Project will help Amphenol remain competitive
and protect local jobs
Constitution Pipeline Company, LLC and Leatherstocking Gas
Company, LLC today announced plans to install four delivery taps
along Constitution’s proposed pipeline route to facilitate local
natural gas service in southern New York and northern Pennsylvania
as early as late 2015.
Leatherstocking is evaluating delivery point locations for local
distribution of natural gas to homes and businesses in Delaware,
Otsego and Susquehanna counties and one tap location that would
provide service to the Amphenol Aerospace Plant in Sidney, N.Y.
Last month, the Delaware County Industrial Development Agency
awarded a grant of $750,000 for the construction of a natural gas
pipeline from the proposed Constitution Pipeline to Amphenol
Corporation’s existing facility in Sidney, N.Y., as well as a new
planned manufacturing facility.
Specific tap locations will be finalized once the pipeline route
is confirmed, currently pending final federal regulatory
approval.
“The Constitution Pipeline can create a backbone for
Leatherstocking Gas Company to extend the development of local
natural gas distribution franchises in rural communities along the
pipeline route in northern Pennsylvania and southern New York,”
said Leatherstocking CEO Mike German. “We are excited about the
possibilities for local service that this new pipeline
infrastructure can provide.”
Leatherstocking’s vision encompasses development of local
distribution systems to introduce natural gas service to locations
within Broome, Chenango, Delaware, and Madison counties in New York
and Susquehanna County in Pennsylvania that currently have no such
service. Leatherstocking has franchise agreements in 10
municipalities within Delaware, Otsego, Chenango and Broome
counties in New York. The New York State Public Service Commission
must grant certificates of public convenience to Leatherstocking in
the identified areas before distribution system development can
begin.
“We believe working with Leatherstocking is a great opportunity
to potentially provide gas service to communities along the
pipeline route,” said Constitution Pipeline Project Manager Matt
Swift. “The members of these communities who do not have access to
local natural gas service will greatly benefit from this
affordable, U.S.-produced, cleaner energy resource.”
Amphenol Aerospace, a division of Amphenol Corporation, is one
of the largest manufacturers of interconnect products in the world
for the military, commercial aerospace, and industrial markets.
Amphenol’s manufacturing operations were established in the Town of
Sidney in 1925 and remain a major employer in the region.
“The accomplishment of affordable and clean energy is a key
element in Amphenol’s ability to compete in today’s global
economy,” said Amphenol Vice President Gary Anderson.
The availability of local gas service from the proposed delivery
taps represents one of many direct benefits presented by the
Constitution Pipeline project. A study developed by a third-party
research firm found that of the $683 million Constitution Pipeline
would spend during the initial three-year planning and building
process, approximately $166 million will directly benefit the
five-county region of Susquehanna, Broome, Delaware, Otsego and
Schoharie counties. Once operational, the pipeline’s economic
impact is anticipated to result in about $13 million in annual
property tax revenue. Property taxes, which accrue to different
levels of government in different proportions, are paid to school
districts and local governments. Approximately 60 percent of taxes
paid by this project will go to local school districts along the
pipeline route.
The Constitution Pipeline project – which involves the
construction of a 30-inch natural gas pipeline from Susquehanna
County, Penn., to Schoharie County, N.Y. – is currently being
reviewed by the Federal Energy Regulatory Commission (FERC). In
February 2014 the FERC issued the draft Environmental Impact
Statement for the proposed project, concluding that environmental
impacts would be reduced to “less than significant levels” with the
implementation of proposed mitigation measures by the company and
FERC. A final Environmental Impact Statement is expected this
summer. Construction on the pipeline is scheduled to begin as early
as late 2014.
Constitution Pipeline Company
Constitution Pipeline Company, LLC is owned by subsidiaries of
Williams Partners L.P., Cabot Oil & Gas Corporation, Piedmont
Natural Gas Company, Inc., and WGL Holdings, Inc. The 124-mile
pipeline project is proposed to connect domestic natural gas
production in northeastern Pennsylvania with northeastern markets
by late 2015 or 2016. Additional information about the Constitution
Pipeline can be found at www.constitutionpipeline.com.
Leatherstocking Gas Company
Leatherstocking Gas Company is a 50/50 partnership between
Corning Natural Gas Corporation and Mirabito Holdings, Inc.
Together the two entities have more than 190 years in serving the
region with natural gas and other energy products. For more
information about Leatherstocking Gas Company, visit
www.leatherstockinggas.com.
Portions of this document may constitute “forward-looking
statements” as defined by federal law. Although the company
believes any such statements are based on reasonable assumptions,
there is no assurance that actual outcomes will not be materially
different. Any such statements are made in reliance on the “safe
harbor” protections provided under the Private Securities Reform
Act of 1995. Additional information about issues that could lead to
material changes in performance is contained in the company’s
annual reports filed with the Securities and Exchange
Commission.
Constitution PipelineChris Stockton,
713-215-2010Christopher.L.Stockton@Williams.comorLeatherstocking
Gas CompanyRuss Miller, 607-936-3755
(x280)RMiller@LeatherStockingGas.com
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