BOSTON (AP) _ A Houston company is looking into expanding an existing pipeline to bring additional supplies of natural gas to southern New England and lower energy costs.
The proposal by Spectra Energy Corp. is still in its earliest stages, and it is uncertain when or if it would get underway.
Spectra officials tell The Boston Globe ( ) the pipeline would allow the area to further benefit from the boom in natural gas production in Pennsylvania and New York, and estimate increasing pipeline capacity in New England by about 15 percent would save gas and electric customers up to $651 million a year.
The project would cost about $500 million to build and $150 million a year to operate.
Spokeswomen for the region’s two largest utilities say they have made no commitments to Spectra.
Information from: The Boston Globe, http://www.boston.com/globe
(Copyright 2012 by The Associated Press. All Rights Reserved.)