Trump Pushes a Controversial Pipeline. CEO Won’t Build It Without State Support.
President Donald Trump plans to greenlight construction of the controversial Constitution natural gas pipeline into New York, claiming it can reduce electricity costs for New Yorkers and New Englanders by up to 70%. But the CEO of the principal company behind the pipeline said on Tuesday that he isn’t willing to undertake the project even with the president’s blessing, as long as the region’s governors oppose it.
“We’re not gonna go putting our neck out until they invite us with the red carpet rolled out,” said Alan Armstrong, CEO of pipeline giant Williams
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Cos., in an interview with Barron’s on the sidelines of the CERAWeek conference in Houston.
Armstrong said that Williams lost hundreds of millions of dollars trying to build two failed pipelines into the Northeast over the past decade. One was the Constitution Pipeline, which would stretch 124 miles from the gas fields of Pennsylvania to New York, near Albany. From there, the gas would connect to other pipelines that could take it into New England. That project died in 2020 after New York denied the company water quality permits.
Trump had told reporters in the Oval Office last month that he wants the Constitution pipeline built quickly, to lower electricity prices in the Northeast......
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This will reduce energy costs in New England by thousands a household.
President Donald Trump plans to greenlight construction of the controversial Constitution natural gas pipeline into New York, claiming it can reduce electricity costs for New Yorkers and New Englanders by up to 70%. But the CEO of the principal company behind the pipeline said on Tuesday that he isn’t willing to undertake the project even with the president’s blessing, as long as the region’s governors oppose it.
“We’re not gonna go putting our neck out until they invite us with the red carpet rolled out,” said Alan Armstrong, CEO of pipeline giant Williams
WMB
-0.22%
Cos., in an interview with Barron’s on the sidelines of the CERAWeek conference in Houston.
Armstrong said that Williams lost hundreds of millions of dollars trying to build two failed pipelines into the Northeast over the past decade. One was the Constitution Pipeline, which would stretch 124 miles from the gas fields of Pennsylvania to New York, near Albany. From there, the gas would connect to other pipelines that could take it into New England. That project died in 2020 after New York denied the company water quality permits.
Trump had told reporters in the Oval Office last month that he wants the Constitution pipeline built quickly, to lower electricity prices in the Northeast......
===========================================
This will reduce energy costs in New England by thousands a household.