LIPA Releases Broadwater LNG Report
Posted on Aug 1, 2007 in Markets and Competition, Regas Terminals & Capacity, State and Local Issues | Comments Off on LIPA Releases Broadwater LNG Report
The Long Island Power Authority (LIPA) released a report yesterday prepared by a private consulting firm that estimates that the proposed Broadwater LNG terminal will save New York gas consumers approximately $14.8 billion between 2010 and 2020, or about $300 per household annually. The report does not suggest that natural gas rates will be lower than current levels, but rather that rates will be significantly lower than they would be without the Broadwater terminal. The majority of the savings are expected to go to residents of New York City and upstate New York. Newsday (New York) provides further details.