An ICF International study titled "New England Energy Market Outlook: Demand for Natural Gas Capacity and Impact of the Northeast Energy Direct Project" finds that New Englanders would have saved $3.7 billion in wholesale electricity costs during the 2013-2014 ‘Polar Vortex’ winter had the proposed Northeast Energy Direct Project (NED) been in service at the time. The study also finds the additional gas capacity that NED would provide will generate $2.1 billion to $2.8 billion in annual savings going forward for New England electric consumers, under normal weather conditions. Plus there are many other benefits (aside from cost savings) from building NED, including lower air pollution throughout New England.
New Study Finds New Englanders Would Have Saved $3.7B if NatGas Pipeline Existed During Polar Vortex
1. New England Energy
Market Outlook
Demand for Natural Gas
Capacity and Impact of the
Northeast Energy Direct
Project
Prepared for
Kinder Morgan, Inc.
Prepared by
ICF International
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