November 10, 2016

Pipelines and Takeover Questions – Thursday’s Roundup

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A $1 billion gas pipeline that investors hope will bring cheaper gas to South Jersey from Northeastern Pennsylvania has been delayed by federal regulators after late route changes. It’s not clear how the hold-up will affect the pipeline’s construction. It was scheduled to come online in the second half of 2018. Folsom, Atlantic County-based South Jersey Industries has invested $200 million in the project (that’s more than 20 times what they’re spending on their new Atlantic City office) and they’ve been touting it as a big deal to their shareholders. The pipeline has come under fire from environmental groups along the route between Luzerne County, PA and Mercer County, NJ. You can read more here.

AC Takeover

Meanwhile, Newsworks has a good piece questioning the state’s plan to take over management of Atlantic City, which is beginning to seem less like a ‘plan’ by the hour. We are still waiting for details from the state on its Atlantic City tax hike and the takeover resolution itself. Stay tuned to Route 40 today for that information when it comes out.

Here’s the rest of what we’re reading today:

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