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FERC grants approval to $1.13 billion PennEast Pipeline project

from Benzinga

PennEast pipeline recently received the Federal Energy Regulatory Commission's (FERC) approval. Though the decision was lauded by industry advocates and natural gas users, environmentalists have severely criticized the move. PennEast is a joint venture between Southern Company, New Jersey Resources Corp. NJR, South Jersey Industries SJI, Spectra Energy Partners L.P. SEP and UGI Corp. Each of the companies carry a 20% stake each in the project. more

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