Gov. Charlie Baker is backing a plan for a new natural gas pipeline that could deliver 1 billion cubic feet per day of natural gas to electricity suppliers and possibly lower consumer energy prices, boosting regional supplies by as much as 20 percent.
"Governor Baker will continue his support of expanding gas capacity along existing routes in addition to increasing energy efficiency and renewable energy investments," his office said in a statement.
The project, expected to cost $3 billion, will be constructed by Eversource Energy, Spectra Energy and National Grid pending regulatory approval from state and federal agencies, and could be completed by late 2018.
Richard Levitan, president of Levitan and Associates, a Boston-based energy consultant, said the project has the potential to lower prices.
He said the natural gas supply in New England suffers from heavy congestion due to a lack of infrastructure. "Congestion is what drives the wholesale price," he said. "By creating another super highway for gas to flow from where it is produced, you're making an investment in the infrastructure, the fruits of which will be more energy supply."
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