Specifically, the FERC stated that the public benefits of Pacific Connector do not outweigh the potential for adverse impacts on landownersand communities."Clearly, we are extremely surprised and disappointed by theFERCdecision," said Don Althoff, President and CEO of Veresen."
The FERC appears to be concerned that we have not yet demonstrated sufficient commercial support for the projects. We will continue to advance negotiations with customers to address this concern."
Jordan Cove LNG and Pacific Connector will file a request for a rehearing of the decision.
Jordan Cove LNG is a wholly-owned subsidiary of Veresen. Pacific Connector Gas Pipeline is owned equally by a subsidiary of Veresen and a subsidiary of The Williams Companies, Inc.
