constitution pipeline challenges decision by nysdec_news release_final formatted

Upload: andrew-poirier

Post on 13-Apr-2018

216 views

Category:

Documents


0 download

TRANSCRIPT

  • 7/26/2019 Constitution Pipeline Challenges Decision by NYSDEC_news Release_final Formatted

    1/2

    1

    DATE:May 16, 2016

    MEDIA CONTACT:

    Chris Stockton

    (713) 215-2010

    [email protected]

    Constitution Pipeline Challenges Decision by New York State to Block

    Federally Approved Pipeline

    NYSDEC decision blocks millions of New York and New England consumers from lower cost energy

    Thousands of New York jobs delayed and threatened by the decision

    State and regional leaders say decision impacts economic development, school funding

    Decision slows U.S. transition from coal to natural gas; Slows carbon reductions and adoption of more

    renewable resources

    ALBANY, N.Y.Constitution Pipeline Company, LLC today announced that it has appealed the New

    York State Department of Environmental Conservations (NYSDEC) refusal to grant the companys

    request for a Section 401 Water Quality Certification under the Clean Water Act. The appeal was filed

    with the United States Circuit Court of Appeals for the Second Circuit and contends, among other

    things, that the refusal is arbitrary and capricious and constitutes an impermissible challenge to the

    Federal Energy Regulatory Commissions Certificate of Public Convenience and Necessity which was

    issued to the company in December 2014.

    Also today, the company filed an action with the U.S. District Court for the Northern District of New

    York seeking a declaration that the State of New Yorks authority to exercise permitting jurisdiction

    over certain other environmental matters is preempted by federal law.

    Upon its review of the evidence, we believe the court will agree that this permit denial was arbitrary

    and unjustified and improperly relies on the same failed arguments that the NYSDEC made during the

    FERC certificate proceeding regarding the pipeline route and stream crossings. The NYSDECs allegation

    that it did not receive the necessary information is inaccurate as demonstrated by extensive and

    comprehensive technical materials submitted by Constitution for the record. We believe this allegation

    was intended to distract stakeholders from the application of a fair technical and regulatory review of

    the merits of Constitutions application for a water quality certification. We are ultimately seeking to

    have the court overturn this veiled attempt by the state to usurp the federal governments authority

    and essentially veto a FERC-certificated energy infrastructure project, the project sponsors said in a

    joint statement.

    The project sponsors continued, We would like to express our appreciation to the many project

    supporters in New York who have expressed disappointment in the states decision, which blocks

    millions of northeastern consumers from accessing lower-cost energy while ultimately slowing the

    Constitution Pipeline Company, LLC

    PO Box 14139

    Albany, NY 12212

    www.constitutionpipeline.com

    mailto:[email protected]:[email protected]:[email protected]
  • 7/26/2019 Constitution Pipeline Challenges Decision by NYSDEC_news Release_final Formatted

    2/2

    2

    regions capabilities in transitioning from coal and fuel oil to natural gas, as well as its ability to

    integrate more renewable energy sources into its power portfolio.

    To see what others are saying about the states decision, visitwww.constitutionpipeline.com.

    Denial of the 401 Water Quality Certification by NYSDEC further delays the potential for Constitution

    Pipeline to help facilitate local natural gas service to homes and businesses in Southern New York by

    Leatherstocking Gas Company, LLC.

    The permit denial will also delay about 2,400 direct and indirect jobs that would be created during

    pipeline construction, generating $130 million in labor income for the region. The decision could also

    cost local governments approximately $13 million in annual property tax revenue.

    The Federal Energy Regulatory Commission on Dec. 2, 2014 issued its certificate of public convenience

    and necessity for the Constitution Pipeline. In its final environmental review of the proposed

    Constitution Pipeline, FERC concluded that environmental impacts would be reduced to less than

    significant levels withthe implementation of proposed mitigation measures by the company and

    recommendations by FERC.

    Constitution Pipeline Company

    Constitution Pipeline Company, LLC is owned by subsidiaries ofWilliams Partners L.P.(NYSE:WPZ),Cabot Oil

    & Gas Corporation(NYSE:COG),Piedmont Natural Gas Company, Inc.(NYSE:PNY), andWGL Holdings, Inc.

    (NYSE:WGL). The 125-mile pipeline project is proposed to connect domestic natural gas production in

    northeastern Pennsylvania with northeastern markets during the second half of 2017. Additional information

    about the Constitution Pipeline can be found atwww.constitutionpipeline.com .

    Portions of this document may constitute forward-looking statements as defined by federal law. Although the

    company believes any such statements are based on reasonable assumptions, there is no assurance that actual

    outcomes will not be materially different. Any such statements are made in reliance on the safe harbor

    protections provided under the Private Securities Reform Act of 1995. Additional information about issues that

    could lead to material changes in performance is contained in the companys annual reports filed with the

    Securities and Exchange Commission.

    https://urldefense.proofpoint.com/v2/url?u=http-3A__www.constitutionpipeline.com&d=CwMFaQ&c=-rOy2AjDSjLZM5Ky932q_A&r=2y_4XnpQLIFp6QMlJ29Mn79tczcAfmp985nQv_lkbR8&m=bZNQItPFGvVOIadp28PQlm2EVvcRGneW_6AUh7e6UtE&s=aUPt9jwCnr9zAOj6HDJ4P7931-ZWPwF2mbd2YGnanFA&e=https://urldefense.proofpoint.com/v2/url?u=http-3A__www.constitutionpipeline.com&d=CwMFaQ&c=-rOy2AjDSjLZM5Ky932q_A&r=2y_4XnpQLIFp6QMlJ29Mn79tczcAfmp985nQv_lkbR8&m=bZNQItPFGvVOIadp28PQlm2EVvcRGneW_6AUh7e6UtE&s=aUPt9jwCnr9zAOj6HDJ4P7931-ZWPwF2mbd2YGnanFA&e=https://urldefense.proofpoint.com/v2/url?u=http-3A__www.constitutionpipeline.com&d=CwMFaQ&c=-rOy2AjDSjLZM5Ky932q_A&r=2y_4XnpQLIFp6QMlJ29Mn79tczcAfmp985nQv_lkbR8&m=bZNQItPFGvVOIadp28PQlm2EVvcRGneW_6AUh7e6UtE&s=aUPt9jwCnr9zAOj6HDJ4P7931-ZWPwF2mbd2YGnanFA&e=http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.williamslp.com&esheet=50827164&newsitemid=20140318006311&lan=en-US&anchor=Williams+Partners+L.P.&index=4&md5=3c80e7e6ebfd74196b269da1cc974faehttp://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.williamslp.com&esheet=50827164&newsitemid=20140318006311&lan=en-US&anchor=Williams+Partners+L.P.&index=4&md5=3c80e7e6ebfd74196b269da1cc974faehttp://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.williamslp.com&esheet=50827164&newsitemid=20140318006311&lan=en-US&anchor=Williams+Partners+L.P.&index=4&md5=3c80e7e6ebfd74196b269da1cc974faehttp://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.cabotog.com%2F&esheet=50827164&newsitemid=20140318006311&lan=en-US&anchor=Cabot+Oil+%26+Gas+Corporation&index=5&md5=d7221bd7892ca1ee6df10e18eb5be194http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.cabotog.com%2F&esheet=50827164&newsitemid=20140318006311&lan=en-US&anchor=Cabot+Oil+%26+Gas+Corporation&index=5&md5=d7221bd7892ca1ee6df10e18eb5be194http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.cabotog.com%2F&esheet=50827164&newsitemid=20140318006311&lan=en-US&anchor=Cabot+Oil+%26+Gas+Corporation&index=5&md5=d7221bd7892ca1ee6df10e18eb5be194http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.cabotog.com%2F&esheet=50827164&newsitemid=20140318006311&lan=en-US&anchor=Cabot+Oil+%26+Gas+Corporation&index=5&md5=d7221bd7892ca1ee6df10e18eb5be194http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.piedmontng.com%2F&esheet=50827164&newsitemid=20140318006311&lan=en-US&anchor=Piedmont+Natural+Gas+Company%2C+Inc.&index=6&md5=a19781da83552df2a45c6afc3e539359http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.piedmontng.com%2F&esheet=50827164&newsitemid=20140318006311&lan=en-US&anchor=Piedmont+Natural+Gas+Company%2C+Inc.&index=6&md5=a19781da83552df2a45c6afc3e539359http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.piedmontng.com%2F&esheet=50827164&newsitemid=20140318006311&lan=en-US&anchor=Piedmont+Natural+Gas+Company%2C+Inc.&index=6&md5=a19781da83552df2a45c6afc3e539359http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.wglholdings.com%2F&esheet=50827164&newsitemid=20140318006311&lan=en-US&anchor=WGL+Holdings%2C+Inc.&index=7&md5=7075af7a7bc7b627ba4691b58959ebcfhttp://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.wglholdings.com%2F&esheet=50827164&newsitemid=20140318006311&lan=en-US&anchor=WGL+Holdings%2C+Inc.&index=7&md5=7075af7a7bc7b627ba4691b58959ebcfhttp://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.wglholdings.com%2F&esheet=50827164&newsitemid=20140318006311&lan=en-US&anchor=WGL+Holdings%2C+Inc.&index=7&md5=7075af7a7bc7b627ba4691b58959ebcfhttp://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.constitutionpipeline.com&esheet=50827164&newsitemid=20140318006311&lan=en-US&anchor=www.constitutionpipeline.com&index=8&md5=0c3720e7e112454fc14f160045d09b59http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.constitutionpipeline.com&esheet=50827164&newsitemid=20140318006311&lan=en-US&anchor=www.constitutionpipeline.com&index=8&md5=0c3720e7e112454fc14f160045d09b59http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.constitutionpipeline.com&esheet=50827164&newsitemid=20140318006311&lan=en-US&anchor=www.constitutionpipeline.com&index=8&md5=0c3720e7e112454fc14f160045d09b59http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.constitutionpipeline.com&esheet=50827164&newsitemid=20140318006311&lan=en-US&anchor=www.constitutionpipeline.com&index=8&md5=0c3720e7e112454fc14f160045d09b59http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.wglholdings.com%2F&esheet=50827164&newsitemid=20140318006311&lan=en-US&anchor=WGL+Holdings%2C+Inc.&index=7&md5=7075af7a7bc7b627ba4691b58959ebcfhttp://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.piedmontng.com%2F&esheet=50827164&newsitemid=20140318006311&lan=en-US&anchor=Piedmont+Natural+Gas+Company%2C+Inc.&index=6&md5=a19781da83552df2a45c6afc3e539359http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.cabotog.com%2F&esheet=50827164&newsitemid=20140318006311&lan=en-US&anchor=Cabot+Oil+%26+Gas+Corporation&index=5&md5=d7221bd7892ca1ee6df10e18eb5be194http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.cabotog.com%2F&esheet=50827164&newsitemid=20140318006311&lan=en-US&anchor=Cabot+Oil+%26+Gas+Corporation&index=5&md5=d7221bd7892ca1ee6df10e18eb5be194http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.williamslp.com&esheet=50827164&newsitemid=20140318006311&lan=en-US&anchor=Williams+Partners+L.P.&index=4&md5=3c80e7e6ebfd74196b269da1cc974faehttps://urldefense.proofpoint.com/v2/url?u=http-3A__www.constitutionpipeline.com&d=CwMFaQ&c=-rOy2AjDSjLZM5Ky932q_A&r=2y_4XnpQLIFp6QMlJ29Mn79tczcAfmp985nQv_lkbR8&m=bZNQItPFGvVOIadp28PQlm2EVvcRGneW_6AUh7e6UtE&s=aUPt9jwCnr9zAOj6HDJ4P7931-ZWPwF2mbd2YGnanFA&e=