Central Penn Line
In February 2014, Vega announced the Central Penn Line pipeline project. Vega joined with WGL, Cabot Oil & Gas Corporation, and equity provider Energy Investors Fund (EIF) to form the Meade Pipeline Co LLC, that will jointly develop and own, together with Williams an approximately 177-mile, 36-42-inch natural gas pipeline that is part of the larger Atlantic Sunrise pipeline project. The pipeline will transport up to 1.7 billion cubic feet per day of natural gas from northeast Pennsylvania to a point on Transcontinental's mainline in southeastern Pennsylvania. Expected to start construction in the summer of 2017 and commence service during the second half of 2018, the total cost of the Meade Pipeline Company's investment in the Central Penn Line is approximately $746 million.
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Vega manages over 80 bcf of natural gas storage and 4 bcf per day of transportation, under long-term contractual arrangements with its customers...MOre
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