WGL Holdings Inc., through its subsidiary, Capitol Energy Ventures (CEV) Corp., announced an equity investment of $68 million in Constitution Pipeline Co. LLC.
The fully subscribed pipeline will transport natural gas from the Marcellus region in northern Pennsylvania to major northeastern markets. CEV joins Williams Partners LP, Cabot Oil & Gas Corp. and Piedmont Natural Gas in the project.
Construction should begin in mid-2014. The project is scheduled to be in service by March 2015 and transport at least 650,000 Dth/d of natural gas. An affiliate of Williams Partners will construct, operate and maintain the 30-inch, 121-mile pipeline.