logo
Williams working with federal, state regulators to revive Pennsylvania-New York natgas pipes

Williams working with federal, state regulators to revive Pennsylvania-New York natgas pipes

Reuters29-05-2025
May 29 (Reuters) - U.S. energy company Williams Cos (WMB.N), opens new tab said on Thursday it was working with federal and state regulators to revive two previously canceled natural gas pipelines from Pennsylvania to New York.
The pipelines are the Northeast Supply Enhancement (NESE) from Pennsylvania to New Jersey and New York and the Constitution Pipeline from Pennsylvania to New York.
Williams canceled Constitution in 2020 after years of fighting for permits from New York regulators and canceled NESE in 2024 after fighting for permits from regulators in both New York and New Jersey.
The company sought to revive the projects after gaining support from the Trump administration.
The administration lifted a month-old stop-work order on May 19 on Norwegian energy company Equinor's (EQNR.OL), opens new tab $5 billion Empire Wind offshore wind project off New York.
U.S. Interior Secretary Doug Burgum, who issued the stop-work order on Empire Wind in April, said he was encouraged that New York Governor Kathy Hochul will now allow new gas pipeline capacity to move forward.
Hochul, who wanted the Trump administration to lift the stop-work order on the offshore wind farm, did not specifically endorse the gas pipes but said in a statement that New York would work with the U.S. administration and private entities on projects that meet the legal requirements under state law.
A spokesperson at Williams told Reuters in an email that the company "has submitted a petition to the Federal Energy Regulatory Commission (FERC) for reinstatement of the certificate of public convenience and necessity for the Northeast Supply Enhancement (NESE) Project."
The company also said it has begun working through state permitting matters with environmental regulators in New Jersey, Pennsylvania and New York and will be promptly filing applications with those agencies to secure the necessary permits for advancing both the NESE and Constitution Pipeline projects.
Williams said the projects are "essential to address persistent natural gas supply constraints in the Northeast, constraints that have led to higher energy costs for consumers and increased reliance on higher-emission fuels like fuel oil."
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Meghan Markle's As Ever wine goes on sale for wild price per bottle... but it is already SOLD OUT
Meghan Markle's As Ever wine goes on sale for wild price per bottle... but it is already SOLD OUT

Daily Mail​

time43 minutes ago

  • Daily Mail​

Meghan Markle's As Ever wine goes on sale for wild price per bottle... but it is already SOLD OUT

Meghan Markle 's As Ever rosé wine is now available for purchase for a steep price - but it is already sold out. On Tuesday, the sales for the wine went live, with customers able to purchase three bottles for $90, six bottles for $159, and 12 bottles for $300. If you bought the six bottle package, Meghan promised that you were receiving 12 per cent off, while a 12-pack gets you a 17 per cent saving. Daily Mail exclusively revealed this week that the alcoholic beverage is made by Fairwinds Estate, a California winery that creates bespoke wines for celebrities, as they've now added Meghan to their list of clients. When FEMAIL in New York went to purchase a bundle of the wine, we weren't asked for proof of ID - only our birthday. In New York State, there are strict rules about the shipping of wine, as 'manufacturers in other states can make direct shipments of wine, distilled spirits, cider, mead, and braggot to New York residents with an Out-of-State Direct Shipper's License,' per the state's website. The state also requires that the manufacturer must require the customer to represent that they are 21 or older at purchase (and on delivery provide proof that they are 21 years of age or older) and that the alcohol is being purchased for personal use only. Wine shipped to New York must also be labeled in a specific way, as the package must read, 'signature of person age 21 or older required for delivery.' So, in New York, you may be able to order the wine online, but you will need to show proof of identity and age in order to accept the package. But while it may be simple for anyone of age to get their hands on Meghan's As Ever wine, a supplier like Total Wine won't even ship wine to New York State. Other websites, like Wine Access, however, follow As Ever's lead and only ask for a birthdate upon ordering. The As Ever wine is the first alcoholic product to be sold under the brand, and will join her current rolodex of raspberry and apricot spreads, cookie mixes, flower sprinkles and herbal teas - all of which received a less-than-perfect review by FEMAIL. However, Caitlin Jardine, a Social Media Manager at Ellis Digital, previously shared with Daily Mail that The Duchess could risk 'alienating' some fans with the boozy introduction. Jardine noted that Meghan will be 'entering a highly competitive and established market' that is 'most likely to appeal to a more expansive audience, particularly those who see wine as more than just something to drink but an accessory to their lifestyle.' 'However, having already associated herself with all things wellness, this could alienate some of her fan base who feel as though she is going against her core wellness-centered brand image, different to her existing line of products, with the potential to contradict her values around mindful living,' Jardine explained. But it is not all bad news for the entrepreneur. 'What it does do is add versatility to her current line of As Ever products, reflecting a more modern, balanced lifestyle,' she shared. 'Rather than one that is more rigid and "clean," it reflects one that is more in tune with her diverse audience and how they live.' Jardine noted that in the past, Meghan has faced criticism from the public about her lack of relatability - and thinks this new line of rosé could help recover her image. Meghan's July 1 wine launch is her second in just a matter of weeks. On June 20, she released a new apricot spread and limited-edition orange blossom honey - but unfortunately, her infamous raspberry spread was nowhere to be found.

The world's hunger for energy is showing no signs of slowing. Here's how to profit
The world's hunger for energy is showing no signs of slowing. Here's how to profit

Telegraph

timean hour ago

  • Telegraph

The world's hunger for energy is showing no signs of slowing. Here's how to profit

There has been a renewed growth in demand for energy in developed markets, reversing a multi-decade trend where this had been offset by energy saving initiatives. In 2024, investors cottoned onto the vast power requirements of the data centres being built to support the explosive growth of artificial intelligence (AI). AI chips use more power than conventional ones, and even with the slight setback earlier this year when the success of China's DeepSeek suggested that AI could be less power hungry than had been predicted, AI-related demand for power is still growing. The shift towards electric vehicles is progressing faster in some markets than others (in China, for example, over half of new cars sold in May 2025 were hybrids or electric), but again the trend is towards additional demand for power. Similarly, efforts being made to decarbonise domestic heating and industry are another source of demand. Meeting the additional demand for power means investing in generation, but this takes time and is putting upward pressure on power prices. This also means that additional investment is needed to expand the capacity on badly constrained electricity grids. In many countries, there is also recognition of the need to tackle a backlog in infrastructure investment. The steps that Germany is taking to unlock hundreds of billions of funds for areas such as transport, education, hospitals and energy projects illustrate that. There are vast sums of private capital ready to be deployed, too. The likes of KKR, Brookfield, Macquarie, Blackstone and BlackRock have raised more than $100bn (£740m)of fresh capital over the past year. One probable beneficiary is the Ecofin Global Utilities and Infrastructure investment trust, which was last discussed here back in August 2019. Clearly, a lot of water has passed under the bridge since then, but the trust remains a good way for investors to access this asset class. In share price total return terms, the trust has done well, with a return of 83pc versus 80pc for the MSCI World Index for the period from the beginning of August 2019 to the end of May 2025. Remarkably, it has achieved this with only minimal help from the utilities and infrastructure sectors – the return on the MSCI World Utilities index over that period was 39pc, while the return on the S&P Global Infrastructure Index was 35pc. That speaks to the skill of the trust's manager Jean-Hugues de Lamaze. The share price has not risen in a straight line over the last six years. The trust was caught up in the Covid-related market panic in March 2020, and it was not until the end of that year that it surpassed its February 2020 high. It then powered ahead, peaking in September 2022 before succumbing to the effects of higher interest rates. However, it has been climbing for over a year now, and Questor believes that it could hit new highs later this year. Over the course of 2025, relative to benchmark indices, Ecofin Global Utilities and Infrastructure has benefited from favouring Europe over the US. Ahead of the election, Biden's Inflation Reduction Act looked set to catalyse a wave of infrastructure investment in the US. However, President Trump has called a halt to much of this. At the end of May 2025, the largest holdings in the trust's portfolio were Germany's the UK's National Grid and French construction and infrastructure giant Vinci. sold off its power generation assets some years ago, and is now a play on the need for investment in Germany's power grid. It is a regulated business, which makes its earnings more defensive and predictable (National Grid has similar qualities), while Vinci runs motorways and airports. In all three cases, de Lamaze felt the market was undervaluing their earnings potential. Recent additions to the portfolio include the Spanish airport business Aena, which owns Luton Airport, and Flughafen Zurich, which is just about to open a new airport to serve Delhi in India, with four terminals and six runways, just five and a half years after it won the contract to develop it. Many investors tend to shun utilities and infrastructure businesses, labelling them as boring, low growth and too sensitive to interest rates. Questor feels that Ecofin Global Utilities and Infrastructure's track record demonstrates that even if some of that is true for the sector as a whole, a good active manager can still generate outsized returns. Just think what de Lamaze might be able to achieve if sentiment towards the sector improved.

Legendary fast food restaurant makes long-awaited comeback as it plans East Coast expansion
Legendary fast food restaurant makes long-awaited comeback as it plans East Coast expansion

Daily Mail​

timean hour ago

  • Daily Mail​

Legendary fast food restaurant makes long-awaited comeback as it plans East Coast expansion

Roy Rogers, a once iconic fast food chain, has made a long-awaited comeback in one state. The business opened its newest location in Cherry Hill, New Jersey, last week, making it the first restaurant to open in the South Jersey or Philadelphia area in decades. 'We've received an overwhelming number of requests from loyal Roy Rogers fans for a location in this area, and we're delighted to make it a reality,' said Joe Briglia, director of real estate and franchise development. 'We plan to build on this success and expand even further in the market.' The Cherry Hill restaurant is the first location to open since the company made six-store openings in Maryland, Virginia, and New Jersey in 2016. Named after 'The King of the Cowboys,' Roy Rogers once ran over 640 restaurants nationwide. Now, the 57-year-old chain runs less than 50 locations across five states. The chain celebrated the highly anticipated New Jersey opening with a ribbon cutting and thanked its fans who came out to enjoy 'delicious beef, burgers and chicken.' Roy Rogers guests flooded the restaurant during its grand opening. 'Tried twice going there but couldn't get close to the joint. Cars lined up a mile down the road, cops directing traffic… tried today and same thing, line was out the door and people standing out in the heat waiting to get it,' an Instagrammer wrote. An influencer known as What Should I Eat Philly on Instagram tried some of the food in a video while visiting the Cherry Hill restaurant. Roy Rogers owner Jim Plamondon suggested she try the Roast Beef Burger, his 'favorite' offering. Reports claimed that everyone was talking about the Double R Bar Burger, while a first time Roy Rogers eater praised the Chicken Biscuit. The blogger tried all of the recommended foods, and instantly became a fan. Restaurant-goers are now requesting Roy Rogers open new restaurants in states like Florida and Illinois, and a fan even suggested the chain open a location in Mexico. Fans lucky enough to visit a Roy Rogers restaurant can receive a free regular combo meal every week with Roy's Rewards. The deal will be applied to accounts every Monday for the entire summer. Roy Rogers plans to open more locations in the near future Fast food chains have had rotten luck over the last few years, including giants like McDonald's and Burger King. McDonald's has worked to lure in customers with new foods and policies after its US sales fell 3.6 percent in the first quarter. Burger King's North American sales dropped 1.3 percent in its first quarter after major franchisee Consolidated Burger Holdings filed for bankruptcy. Other fast food brands that have been struggling include Jack in the Box and Subway, the nation's largest sandwich chain that closed over 1,654 stores in the past two years. While these chains have been struggling, others have been prevailing and making comebacks along the way. Krystal restaurants opened its first Texas location in over 10 years last April after bouncing back from multiple bankruptcy filings. Cava is in the process of opening 60 new restaurants following its skyrocketing customer traffic.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store