Constitution and their partners; the Williams companies, Cabot Oil and Gas, Duke Energy and AltaGas have been in an ongoing battle for eight years fighting for the construction of the $1-billion Constitution Pipeline. This 125-mile-long pipeline would have gone through Schoharie County and was proposed to take natural gas from Pennsylvania to New York and New England.
The investors have now pulled out due to constant and ongoing legal and regulatory confrontation with Williams stating that “Our existing pipeline network and expansions offer much better risk adjusted return than greenfield opportunities, which can be impacted by an ambiguous and vulnerable regulatory framework. We are prepared to deliver the clean energy benefits of natural gas now through infrastructure projects like Regional Energy Access, Leidy South and the Northeast Supply Enhancement. And as communities and leaders recognize the important role natural gas has played in U.S. emissions reductions – and recognize the ability to further lower emissions through use of natural gas in the future – we stand ready to deliver”.