New Report Shows PennEast Pipeline Not Needed Under Any Scenario
Posted September 4, 2018
The proposed PennEast pipeline is a solution in search of a problem, and data and analysis shows the pipeline isn’t needed to satisfy need, to reduce natural gas prices, or to ensure reliability or a low-cost transition to a clean energy future.
- New Jersey currently has substantial excess pipeline capacity to meet its needs — even during extreme cold periods — and PennEast would add to the unnecessary capacity.
- By creating a further glut of capacity, PennEast would increase costs to New Jersey consumers by $180 million to $280 million per year.
- Independent research found that PennEast inflated its estimated job numbers by at least 66% and that the project would result in only 10 ongoing jobs in New Jersey.