Con Edison Transmission is invested in two natural gas assets through Con Edison Gas Pipeline and Storage, LLC
Honeoye Storage Corporation
Con Edison Transmission is the majority owner and operator of Honeoye Storage Corporation, which is a 6.7 billion cubic foot natural gas storage field located in Ontario County, New York. Honeoye Storage Corporation has operated as a Federal Energy Regulatory Commission-regulated facility since 1975 and provides contracted storage services to major Northeast utilities and marketers. Honeoye Storage Corporation consists of 27 operating wells, 19 miles of gathering lines, 2,750 hp of compression and a 10.5-mile pipeline running north to the Tennessee Gas Pipeline.
Mountain Valley Pipeline
Con Edison Transmission holds a minority interest in the Mountain Valley Pipeline, a project currently under construction that will deliver natural gas to both the northeast and southeast markets. As proposed, the project is a 2 billion cubic feet per day natural gas pipeline system that spans approximately 303 miles from northwestern West Virginia to southern Virginia. As an interstate pipeline, Mountain Valley Pipeline is regulated by the Federal Energy Regulatory Commission. Mountain Valley Pipeline has 20-year fixed-price agreements for the pipeline's entire capacity.
The project is 94% complete at an estimated project cost of $6.2 billion and is expected to be completed by the summer of 2022.