Portland Natural Gas Transmission System to Operate as a Standalone Company Under Industry Veteran
August 15 2024 - 5:03PM
Business Wire
- PNGTS will operate as a standalone company committed to
continuing its two-decade long history of delivering safe,
reliable, and sustainable energy solutions to customers across New
England and Atlantic Canada
- Industry veteran Bill Yardley will lead PNGTS as chief
executive officer, bringing extensive knowledge and experience in
safely and efficiently operating natural gas pipeline systems
throughout the United States
Portland Natural Gas Transmission System (“PNGTS”) has completed
its transition into a standalone company. Previously a subsidiary
of TC Energy Corporation and Northern New England Investment
Company, Inc., a subsidiary of Énergir L.P., PNGTS will continue to
provide critical natural gas transportation service to a diverse
base of regional utility, energy marketing, and industrial
customers. The company will be led by industry veteran Bill
Yardley, who will assume the role of chief executive officer,
effective immediately.
“Over the last 25 years, PNGTS has grown from a regional
operator into a critical piece of our nation’s energy
infrastructure, providing reliable and affordable natural gas to
heating and electric generation markets that have historically been
volatile due to limited options for upstream supply,” said Yardley.
“We are excited to innovate and grow this important asset in an
area we know well. Looking to the future, we remain focused on
operational excellence and ensuring the highest safety standards
across all our assets, as well as maintaining the service our
customers have come to know and expect.”
A proven leader in the energy industry, Mr. Yardley served as
executive vice president of Enbridge and president of Enbridge’s
gas transmission and midstream group from 2017-2022, where he led
the company’s North America natural gas pipeline business. Prior to
Enbridge, Mr. Yardley was the group vice president of northeast
transmission and president of US transmission for Spectra Energy.
He also served as group vice president of gas transmission at Duke
Energy Corporation and vice president of marketing at Boston Gas
Company.
With the scarcity of natural gas in New England for electricity
generation and home heating, PNGTS is committed to providing
continued access to this critical fuel to all its customers
throughout the region, as a more environmentally friendly
alternative to coal and heating oil. In this way, as a leader in
the continued modernization of the region’s energy system, PNGTS is
helping to reduce carbon emissions in the Northeast.
About PNGTS
PNGTS operates a 295-mile FERC-regulated pipeline system that
provides critical natural gas supply to New England and Atlantic
Canada. The system originates near Pittsburg, New Hampshire and has
delivery points in New Hampshire, Maine and Massachusetts.
Strategically situated in the northeast United States, PNGTS is
focused on the safe and reliable operation of its assets, as well
as executing on innovative growth opportunities to support rising
demand in the region. For more information, please visit
pngts.com.
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Meggan Morrison Redbird Communications Group
meggan@redbirdpr.com