COST: 166 $MM
WALL, N.J., Oct. 26, 2020 /PRNewswire/ -- This month Adelphia Gateway LLC received a Partial Notice to Proceed with construction of the first phase of the project from the Federal Energy Regulatory Commission (FERC), and it is beginning pre construction mobilization. The project continues to work closely with local stakeholders and governments as activity gets underway. Adelphia Gateway will conduct additional outreach to inform residents and businesses of construction activities in their areas.
Phase 1 construction in portions of Delaware, Chester, Bucks, and Montgomery counties includes Adelphia Gateway's conversion of the southern 50 miles of its existing 84-mile pipeline from oil to natural gas to bring much-needed supply to constrained markets in southeastern Pennsylvania. The northern 34 miles of the pipeline, which extend from western Bucks County to the Martins Creek terminal in Northampton County, have delivered natural gas since 1996.
"We appreciate the ongoing collaboration with FERC and the commonwealth, as well as local municipalities, and their oversight on this important project," said Ginger Richman, president of Adelphia Gateway. "We are pleased to move Adelphia Gateway forward so that we can bring natural gas resources to families and businesses in the Greater Philadelphia area and play a role in getting the region's economy back up and running."
In 2019, FERC issued the Certificate of Public Convenience and Necessity and completed a thorough environmental assessment of the Adelphia Gateway project. Recently, the Pennsylvania Department of Environmental Protection issued the necessary permits and approvals for phase I construction activities of the project to proceed.
Adelphia Gateway expects the southern portion of the Adelphia Gateway pipeline to be placed into service in 2021 to serve customers in the Greater Philadelphia area.
About Adelphia Gateway, LLC
Adelphia Gateway is a subsidiary of New Jersey Resources (NYSE: NJR), a Fortune 1000 company that provides safe and reliable natural gas and clean energy services, including transportation, distribution, asset management and home services. For more information, visit www.adelphiagateway.com.
Contact: | Katelyn McNally |
717-712-5702 |
View original content:http://www.prnewswire.com/news-releases/adelphia-gateway-project-receives-partial-notice-to-proceed-from-federal-energy-regulatory-commission-301159798.html
SOURCE Adelphia Gateway, LLC
WALL, N.J., Dec. 19, 2019 /PRNewswire/ -- Today, the Federal Energy Regulatory Commission (FERC) issued a Certificate of Public Convenience and Necessity for the Adelphia Gateway project and affirmed the need for reliable pipeline infrastructure to serve constrained markets.
"We are pleased FERC approved the Adelphia Gateway project and issued a Certificate of Public Convenience and Necessity," said Steve Westhoven, President and Chief Executive Officer of New Jersey Resources, the parent company of Adelphia Gateway. "This is a critical next step in our efforts to provide clean, low-cost natural gas to customers in the Greater Philadelphia region."
The Adelphia Gateway project will convert 50 miles of an existing 84-mile pipeline from oil to natural gas. The northern 34 miles of the pipeline were previously converted to deliver natural gas in 1996. After the purchase of Interstate Energy Company and the existing pipeline from Talen Generation, LLC are finalized, the northern zone will continue to operate to serve two natural gas-fired generation facilities in Lower Mount Bethel Township, PA. Once all the necessary regulatory approvals are obtained, work to convert the lower 50 miles of the pipeline from oil to natural gas will begin.
Adelphia Gateway currently expects work to be complete and the project to be placed into service in 2020.The natural gas supply delivered through the Adelphia Gateway pipeline will serve customers in the Greater Philadelphia area and is estimated to provide economic benefits of approximately $677 million over the first 15 years it is in service.
The pipeline will supply natural gas to Kimberly-Clark's mill in Chester, PA, enabling the global personal care company to replace its existing on-site coal-fired co-generation power plant. By switching to a natural gas-fired generation power plant, Kimberly-Clark expects to reduce its greenhouse gas emissions from the facility by 50 percent.
The FERC process is designed to determine public convenience and necessity for the construction or extension of natural gas facilities. As part of the application review, FERC evaluates a variety of factors, such as market demand, environmental impact and safety. FERC Staff previously completed an Environmental Assessment (EA) of the Adelphia Gateway project, citing its design poses no significant environmental impact and is the preferred path forward for the project.
About Adelphia Gateway, LLC
Adelphia Gateway, LLC will repurpose existing infrastructure to provide consumers in southeastern Pennsylvania with additional access to affordable, locally produced natural gas. The project will convert 50 miles of an existing 84-mile pipeline in eastern Pennsylvania from oil to natural gas. Adelphia Gateway is a subsidiary of New Jersey Resources (NYSE: NJR), a Fortune 1000 company that provides safe and reliable natural gas and clean energy services, including transportation, distribution, asset management and home services. For more information, visit www.adelphiagateway.com or follow us on Twitter @AdelphiaGateway
Contact: Katelyn Howard
info@adelphiagateway.com
Phone: 717-712-5702
View original content:http://www.prnewswire.com/news-releases/ferc-issues-certificate-of-public-convenience-and-necessity-for-adelphia-gateway-project-300978085.html
SOURCE Adelphia Gateway, LLC
DOVER, Del., Oct. 9, 2019 /PRNewswire/ -- Chesapeake Utilities Corporation (Chesapeake Utilities) (NYSE: CPK) today announced that it is exiting the natural gas marketing business through the sale of the majority of the assets of Peninsula Energy Services Company, Inc. (PESCO), the Company's natural gas marketing subsidiary. To date, the Company has executed three separate transactions to sell PESCO's assets and contracts:
The Company expects to recognize a gain from the sale of the assets in 2019 upon the closing of the transactions. More information will be provided in the Company's third quarter earnings press release and Form 10-Q report as well as subsequent filings.
"After performing a strategic review of the PESCO business unit, we determined that our efforts should be focused on the strategies that support our core energy delivery businesses. The level of investment in infrastructure required to achieve the scale needed for future growth meant that PESCO would not achieve the target returns we expect," noted Jeff Householder, President and CEO of Chesapeake Utilities Corporation. "As a result, we made the decision to exit this business, and have done so in a way that reduces future volatility in our earnings, recovers our investment and improves our earnings outlook going forward."
"Commitment to quality service, access to supply, and service offerings were the driving factors for the selected counterparties. We are working closely with Gas South, UET, and NJRES to ensure each transaction is executed in an efficient manner with minimal impact to the respective customers," added Bill Hancock, Assistant Vice President of PESCO. "We have one remaining small book of business, our Producer Services portfolio, which we are targeting to sell by the end of the year."
About Chesapeake Utilities Corporation
Chesapeake Utilities Corporation is a diversified energy company engaged in natural gas distribution and transmission; electricity generation and distribution; propane gas distribution; and other businesses. Information about Chesapeake Utilities Corporation's businesses is available at www.chpk.com, through the Company's Investor Relations App and on the Annual Report Microsite at cpkannualreport.com.
About Gas South LLC
Gas South is a leading provider of natural gas in competitive markets throughout the southeastern U.S., serving more than 300,000 residential, business and governmental customers in Georgia, Florida, North Carolina and South Carolina. Gas South is a wholly-owned subsidiary of Cobb EMC, one of the country's largest electric cooperatives.
About United Energy Trading, LLC
United Energy Trading, LLC is a fully integrated energy marketing and logistics organization with operations throughout the continental United States and Canada. UET purchases, transports, and/or sells approximately 2 billion cubic feet/day of natural gas on over 80 pipelines, approximately 400,000 barrels/day of crude oil on over 20 pipelines and over 2.5 million gallons per day throughout North America.
About NJR Energy Services Company
NJR Energy Services, a subsidiary of New Jersey Resources (NYSE: NJR), manages a diversified portfolio of natural gas transportation and storage assets and provides physical natural gas services and customized energy solutions to its customers across North America.
Please note that Chesapeake Utilities Corporation is not affiliated with Chesapeake Energy, an oil and natural gas exploration company headquartered in Oklahoma City, Oklahoma.
For more information, contact:
Beth W. Cooper
Executive Vice President & Chief Financial Officer
302.734.6799
View original content:http://www.prnewswire.com/news-releases/chesapeake-utilities-corporation-to-exit-the-natural-gas-marketing-business-selling-peninsula-energy-services-company-inc-assets-300934651.html
SOURCE Chesapeake Utilities Corporation
PORTLAND, Ore., Feb. 11, 2019 /PRNewswire/ -- Skyline Renewables has purchased a 117 megawatt (MW) wind portfolio from NJR Clean Energy Ventures (CEV), the clean energy subsidiary of New Jersey Resources (NYSE: NJR).
The US wind farms are located in Iowa, Kansas, Pennsylvania and Wyoming providing clean renewable energy to major population centers across the country.
"We set out to become a leading North American clean independent energy platform," said Skyline Renewables President & CEO, Martin Mugica. "This latest acquisition marks an important step forward as it diversifies our portfolio geographically and it marks the first tax equity financing fully negotiated by Skyline Renewables. We are excited to extend our partnership with Capital One as tax equity partner with this portfolio and look forward to further opportunities as we execute our strategy."
"We are delighted to partner with Skyline Renewables to help them complete this acquisition," said George Revock, Managing Director and Head of Alternative Energy and Project Finance at Capital One. "This investment is emblematic of Capital One's commitment to be a leading supplier of financing to the renewable energy sector."
With this latest acquisition, Skyline Renewables will grow its wind portfolio to 803 MW of controlled capacity since forming the company earlier last year as a partnership between Ardian and Transatlantic Power Holdings. Skyline Renewables announced its first acquisition of Whirlwind Energy, a 60 MW project in NW Texas, in March 2018. In September 2018 they acquired Hackberry Wind Farm, a 166 MW farm also in NW Texas, and in October 2018 announced the acquisition of Starwood Energy's 51% interest in the Horse Creek and Electra wind farms, both 230 MW projects.
"We are ambitious, nimble and we have deep industry expertise," continued Mr. Mugica. "There are many promising opportunities ahead as we expand Skyline's reach to different parts of the country with strong clean energy assets that will allow us to actively manage our assets and optimize returns."
CCA Capital served as advisors to Skyline Renewables to support the tax equity financing.
ABOUT SKYLINE RENEWABLES
Skyline Renewables is a partnership between Transatlantic Power Holdings (TPH) and Ardian, a world-leading private investment house, to establish a leading North American renewables platform. With a current wind portfolio of 803 MW, Skyline aims to build a total installed capacity of 3 GW. Skyline was formed when it announced its first acquisition, Whirlwind, a 60MW windfarm in Texas, in March 2018. Skyline is led by CEO, Martin Mugica, a leading executive within the US clean energy sector with expertise in wind, solar, natural gas fired generation and power trading activities. Skyline Renewables' leadership team features a number of the individuals who helped build and lead Iberdrola Renewables to become the then second largest and fastest growing renewables energy company in the US, at that time.
ABOUT ARDIAN
Ardian is a world-leading private investment house with assets of US$90bn managed or advised in Europe, the Americas and Asia. The company is majority-owned by its employees. It keeps entrepreneurship at its heart and focuses on delivering excellent investment performance to its global investor base. Through its commitment to shared outcomes for all stakeholders, Ardian's activities fuel individual, corporate and economic growth around the world. Holding close its core values of excellence, loyalty and entrepreneurship, Ardian maintains a truly global network, with more than 550 employees working from fifteen offices across Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), the Americas (New York, San Francisco and Santiago) and Asia (Beijing, Singapore, Tokyo and Seoul). It manages funds on behalf of around 800 clients through five pillars of investment expertise: Funds of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt
Ardian on Twitter @Ardian
PRESS CONTACT
ARDIAN US
The Neibart Group
Charlie Mathon
cmathon@neibartgroup.com
Tel +1 718 801 8824
Cell +1 508 614 0667
View original content to download multimedia:http://www.prnewswire.com/news-releases/skyline-renewables-acquires-additional-wind-portfolio-300791886.html
SOURCE Skyline Renewables
WALL, N.J., Jan. 4, 2019 /PRNewswire/ -- Adelphia Gateway, LLC today announced the Federal Energy Regulatory Commission (FERC) Staff issued its Environmental Assessment (EA) for the Adelphia Gateway Pipeline Project (Project) recommending that the FERC Certificate Order for the Project contain a finding of no significant environmental impact.
"Adelphia Gateway is an important project that will deliver clean, low cost natural gas to constrained markets in the Greater Philadelphia region," said Steve Westhoven, president and chief operating officer of New Jersey Resources, the parent company of Adelphia Gateway. "We are pleased FERC Staff issued the Environmental Assessment and confirmed the project will have no significant environmental impact as it converts an existing pipeline to natural gas. We look forward to continuing to work with regulators and local communities to place Adelphia Gateway into service."
The EA process is designed to independently analyze Adelphia Gateway's proposed conversion of an existing oil pipeline to natural gas and assess potential environmental impacts of the construction and operation of the Project. Following receipt of a FERC Certificate Order and all other necessary regulatory approvals, Adelphia Gateway expects the Project to be placed into service in 2019.
The Adelphia Gateway Project will convert 50 miles of an existing 84-mile pipeline — spanning portions of Delaware, Chester, Bucks, Montgomery and Northampton counties — from oil to natural gas. The northern 34 miles of the pipeline, which extends from western Bucks County to the Martins Creek terminal in Northampton County, has delivered natural gas since 1996. The Project also involves construction of compressor station facilities in West Rockhill Township and Lower Chichester Township and approximately 4.7 miles of new laterals in Delaware County, Pennsylvania and New Castle County, Delaware.
When commissioned, the Adelphia Gateway Project will deliver natural gas to serve customers in the Greater Philadelphia region. The additional supply is anticipated to benefit Philadelphia consumers through energy market savings and resulting economic benefits of approximately $677 million over the first 15 years that Adelphia Gateway is in service.
About New Jersey Resources
New Jersey Resources (NYSE: NJR) is a Fortune 1000 company that, through its subsidiaries, provides safe and reliable natural gas and clean energy services, including transportation, distribution, asset management and home services. NJR is composed of five primary businesses:
NJR and its more than 1,000 employees are committed to helping customers save energy and money by promoting conservation and encouraging efficiency through Conserve to Preserve® and initiatives such as The SAVEGREEN Project® and The Sunlight Advantage®.
For more information about NJR:
Visit www.njresources.com
Follow us on Twitter @NJNaturalGas
Like us on facebook.com/NewJerseyNaturalGas
Download our free NJR investor relations app for iPad, iPhone and Android
For more information about Adelphia Gateway:
Visit www.adelphiagateway.com
Follow us on Twitter @AdelphiaGateway
Contact: Katelyn Howard
info@adelphiagateway.com
Phone: 717-712-5702
View original content:http://www.prnewswire.com/news-releases/ferc-staff-issues-environmental-assessment-for-adelphia-gateway-project-300773230.html
SOURCE Adelphia Gateway, LLC
Adelphia Gateway Project (subscriber access)
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Adelphia Gateway, LLC
Milford Township, New Jersey Solar Project (NJR) (subscriber access)
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NJR Clean Energy Ventures Corporation
NJR Ringer Hill Wind Farm (subscriber access)
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Parent Entities:
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NJR Clean Energy Ventures Corporation
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Parent Entities:
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