Con Edison Reaches Deal to Enhance Nat Gas Delivery Capacity for NYC
By Stephen Nakrosis
Con Edison on Thursday said it reached a deal with Iroquois Gas Transmission System, L.P. that would increase its natural gas delivery capacity to New York City.
Under the terms of the deal, Iroquois will upgrade compression facilities along their pipeline system, which will add to their capacity and enable more gas to travel to customers, Con Edison said. After obtaining the needed permits and approvals, the new capacity could be in service by November 2023, the utility said.
"Increasing gas capacity in our New York City service area provides the most rational, sensible approach to allow an orderly transition to a renewable energy future," said Tim Cawley, president of Con Edison. "The solution provides the time needed to improve upon and increase the adoption of non-pipeline technology."
Con Edison is a subsidiary of Consolidated Edison Inc. (ED).
--Write to Stephen Nakrosis at email@example.com
(END) Dow Jones Newswires
May 09, 2019 15:21 ET (19:21 GMT)Copyright (c) 2019 Dow Jones & Company, Inc.