Spectra Energy expansion project creates jobs
During the planning and construction phases of the project, more than 5,200 direct and indirect jobs will be created in and around local host communities
Houston, May 22, 2012 – Spectra Energy Corp. received approval from the Federal Energy Regulatory Commission (FERC) for its New Jersey-New York expansion project, which will transport new, critically needed natural gas supplies to high demand markets in northern New Jersey and New York City.
The 20-mile expansion is expected to be completed in the fourth quarter of 2013.
During the planning and construction phases of the project, more than 5,200 direct and indirect jobs will be created in and around local host communities. The region's access to diverse and reliable supplies will alleviate seasonal natural gas volatility, resulting in an estimated $700 million total annual energy savings in New Jersey and New York. The project will also bring in millions in tax revenue and improve the region's air quality by eliminating an estimated six-million tons per year of carbon dioxide , the equivalent of taking more than 1 million cars off the road.