NYSEG Pipeline Sale

NYSEG gas customers are expected to benefit from the recent sale of a portion of its business.

The Public Service Commission has given the go ahead for the company to hand over the Seneca Storage facility to Inergy Midstream for $65 million. The deal also includes a natural gas pipeline that connects Binghamton to a larger interstate line. Inergy Midstream is the current owner of the Stagecoach natural gas storage facility in Owego. According to the Commission, the transaction will lower operating costs for NYSEG and limit future rate increases.


Blogger Template by Blogcrowds

Copyright 2006| Blogger Templates by GeckoandFly modified and converted to Blogger Beta by Blogcrowds.
No part of the content or the blog may be reproduced without prior written permission.