NYSEG plans $65 million sale of Seneca Lake natural gas facility
Posted by CITIZEN POWER ALLIANCE at 6:24 AMNew York State Electric and Gas Corp. wants to sell its Seneca Lake natural gas storage facility to Inergy Midstream LLC for approximately $65 million.
New York's Public Service Commission is expected to vote on the proposed sale Thursday at the agency's monthly meeting. The sale, if approved, would transfer NYSEG's natural gas storage facility near Watkins Glen and two related pipelines to Inergy subsidiaries Inergy Pipeline East and Arlington Storage Co.
The Seneca Lake facility is capable of storing approximately 1.5 billion cubic feet of working natural gas in an underground salt cavern on Inergy's U.S. Salt property, three miles outside of Watkins Glen on the western side of Seneca Lake.
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