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AMERICAS OIL: NY Gov Kathy Hochul Approves Permits to Expand Nat gas Capacity

AMERICAS OIL
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NY Governor Kathy Hochul Approves Permits to Expand Capacity on a Major Gas Pipeline: Fox

  • The Hochul administration signed off on permits to expand capacity in the 414-mile Iroquois Pipeline that connects St. Lawrence County near the border with Cornwall, Ontario, down the Adirondacks, through western Connecticut, under Long Island Sound and forking toward Commack, Long Island, or Hunts Point, Bronx.
  • That move comes as the state Department of Environmental Conservation admitted the approvals are "inconsistent with" statewide greenhouse gas emissions limits imposed in recent years, according to the New York Post.
  • However, ConEd, the main utility provider in New York City and Long Island, is planning to implement 11.5% increases in electric rates and 13% increases in gas rates – amounting to about $500 per year – unless the New York Public Service Commission (PSC) steps in, according to FOX-5.
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NY Governor Kathy Hochul Approves Permits to Expand Capacity on a Major Gas Pipeline: Fox

  • The Hochul administration signed off on permits to expand capacity in the 414-mile Iroquois Pipeline that connects St. Lawrence County near the border with Cornwall, Ontario, down the Adirondacks, through western Connecticut, under Long Island Sound and forking toward Commack, Long Island, or Hunts Point, Bronx.
  • That move comes as the state Department of Environmental Conservation admitted the approvals are "inconsistent with" statewide greenhouse gas emissions limits imposed in recent years, according to the New York Post.
  • However, ConEd, the main utility provider in New York City and Long Island, is planning to implement 11.5% increases in electric rates and 13% increases in gas rates – amounting to about $500 per year – unless the New York Public Service Commission (PSC) steps in, according to FOX-5.