New Jersey AG asks court to reject eminent domain for PennEast pipeline [Seeking Alpha]
NewJersey Resources Corporation (NJR)
Last newjersey resources corporation earnings: 2/6 07:00 am
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Source: Seeking Alpha
New Jersey AG asks court to reject eminent domain for PennEast pipelineNew Jersey’s attorney general todayasked a U.S. District Court to reject a request by PennEast Pipeline to condemn state property interests in preserved land for its proposed natural gas pipeline.PennEast is seeking to seize 149 - including ~50 preserved lands - of the 211 properties in the path of the proposed pipeline in New Jersey, lands the company says it needs to build its 120-mile, $1B pipeline that will deliver gas from the Marcellus shale to customers in Pennsylvania and New Jersey.The company expects the project to enter service in 2019 after a seven-month construction phase; the Federal Energy Regulatory Commission approved construction in January.PennEast is a joint venture owned equally, with 20% stakes each, by units of Enbridge (NYSE:ENB), New Jersey Resources (NYSE:NJR), South Jersey Industries (NYSE:SJI), Southern Co. (NYSE:SO) and UGI Corp. (NYSE:UGI); companies with contracts to use the project i
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News
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NJR
Earnings
- 2/6/24 - Miss
NJR
Sec Filings
- 3/13/24 - Form 4
- 2/13/24 - Form SC
- 2/6/24 - Form 10-Q
- NJR's page on the SEC website