National Grid, Spectra Energy, and Eversource Energy Team Up on Access Northeast Pipeline Project
New England Council members National Grid, Spectra Energy and Eversource Energy are working together on the Access Northeast pipeline project, a $3 billion expansion aimed at increasing the supply of natural gas to New England’s power plants.
The project was first proposed in September by Eversource Energy and Spectra Energy. It was announced on February 18 that National Grid had joined the project. The Access Northeast pipeline project will extend existing pipelines to deliver an additional 900 million cubic feet of gas per day, which is about one- fifth of New England’s current natural gas pipeline capacity. According to a joint press release issued by the three companies, “the lack of natural gas pipelines in New England is driving electricity prices higher, limiting economic competitiveness and growth, and straining systems to the point where serious reliability issues threaten public safety and security.”
“Once Access Northeast is operational, it is projected to save electric customers an average of $1 billion a year during normal weather conditions and even more during severe cold weather. ICF International has estimated savings during the extreme 2013-2014 winter could have been $2.5 billion with Access Northeast in service,” said Lee Oliver, executive vice president of Enterprise Energy Strategy and Business Development at Eversource Energy.
The New England Council congratulates National Grid, Spectra Energy and Eversource Energy for their dedication to providing superior energy services to the New England region.