PennEast To Build $1 Billion Pipeline For Marcellus Shale Production

PennEast Pipeline Co. plans to construct a 100-mile pipeline to bring lower cost natural gas produced in the Marcellus Shale to homes and businesses in Pennsylvania and New Jersey. PennEast is a joint project of AGL Resources, NJR Pipeline Co., a subsidiary of New Jersey Resources, South Jersey Industries and UGI Energy Services (UGIES), a subsidiary of UGI Corp.