UGI Energy To Be Part Of $1 Billion Pipeline

Spring Township-based UGI Energy Services Inc. has joined with Inergy Midstream LP and Capitol Energy Ventures Corp. to market and develop a $1 billion natural-gas pipeline known as the commonwealth pipeline.

The proposed 200-mile, 30-inch pipeline is expected to be in service by 2015.

Inergy Midstream, Kansas City, Mo., will build and operate the pipeline and be funded equally by the companies.

UGI Energy Services and Capitol Energy Ventures Corp., a subsidiary of WGL Holdings Inc., Washington D.C., are expected to execute the agreements to become anchor shippers on the line.

Read more: http://readingeagle.com/article.aspx?id=368689

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