New gas pipeline bill may cut down on project costs

Jul 09, 2013 | 05:14 PM | Thorsten Schier

Tags  natural gas pipelines, House hearing, Donald Santa, Maya van Rossum, David Markarian, INGAA, pipeline, Thorsten Schier

NEW YORK — Proposed House legislation could avoid cost overruns for natural gas pipeline projects by cutting permitting time, the House Subcommittee on Energy and Power heard July 9.

"For one interstate pipeline company trying to replace a small, older interstate pipeline that extended across a reservoir owned and operated by the U.S. Army Corps of Engineers, a one-year, entirely avoidable delay resulted in a 6-percent cost escalation for the project," Donald Santa, president and chief executive....

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