A class-action lawsuit accusing Eversource Energy and Avangrid Inc. of artificially increasing natural gas spot market prices to benefit their electric generating assets between 2013 and 2016 has been dismissed by the U.S. District Court for the District of Massachusetts.
Articles from Eversource
Eversource Energy has withdrawn from consideration its petition for a 20-year contract with Algonquin Gas Transmission LLC (AGT) for natural gas capacity through the proposed Access Northeast pipeline upgrade project, and plans to submit an updated proposal, according to documents filed with the New Hampshire Public Utilities Commission (PUC).
The Supreme Court of New Hampshire has reversed a 2016 decision by the state’s Public Utility Commission (PUC) that blocked Eversource Energy’s plan to use electricity rates to pay for constructing the Access Northeast expansion project, which would add 900,000 Dth/d and additional liquefied natural gas (LNG) storage to the Algonquin Gas Transmission LLC (AGT) system.
An inquiry by FERC staff, prompted by allegations made by the Environmental Defense Fund (EDF), has found no evidence of anticompetitive withholding of natural gas pipeline capacity on Algonquin Gas Transmission (AGT) by New England shippers.
New England utility Eversource Energy is threatening to take legal action against the Environmental Defense Fund (EDF) over what it said are “false and misleading statements” about the utility’s natural gas pipeline scheduling practices from 2013-2016.
A group of New England residents has filed a class-action lawsuit accusing Eversource Energy and Avangrid Inc. of artificially increasing natural gas spot market prices to benefit their electric generating assets between 2013 and 2016.
Natural gas pipeline capacity scheduling practices by affiliates of two major utilities cost New England customers an estimated $3.6 billion from 2013 to 2016, according to research by the Environmental Defense Fund (EDF).
Citing “gaps in energy policy” in New England, Algonquin Gas Transmission LLC has withdrawn its Access Northeast Project from FERC’s pre-filing review process, though it said it remains committed to addressing the region’s need for natural gas pipeline infrastructure for electric generation.
Algonquin Gas Transmission LLC’s Access Northeast expansion project was dealt another blow last week when regulators in New Hampshire refused to approve a 20-year transportation and storage capacity contract between the Spectra Energy pipeline and Eversource Energy, with costs to be borne by ratepayers.
The developers of the proposed Access Northeast pipeline expansion are moving “full-speed ahead” despite a state supreme court ruling last week that invalidated the project’s capacity contracts in Massachusetts.