Thursday September 27, 6:30 pm ET Press Release from Leatherstocking Gas Company,LLC
HARRISBURG, PA—Sep. 27, 2012 –
At its public meeting today the Pa. PUC approved Leatherstocking’s application 5-0. Chairman Powelson and Commissioner Gardner both had positive written statements they summarized stating they were “very pleased to support the application,” emphasizing that local gas for local customers is a great idea, and that it is a “win” for businesses and residents in the application territory. Chairman Powelson stated that he “applauds Leatherstocking’s management” (mentioned Corning and Mirabito as well known and well run companies) for investing in PA.
Under Docket No. A- 2011- 2275595 LGC can provide service to the Townships of Bridgewater, Forest Lake, Great Bend, Harmony, New Milford and Oakland and the Boroughs of Great Bend, Hallstead, Lanesboro, Montrose, New Milford, Oakland and Susquehanna Depot. The new service territory is approximately 210 square miles.
LGC will begin constructing natural gas distribution networks in the summer of 2013. Initial construction will be from existing gathering lines in the region to larger volume anchor customers such as hospitals, schools, commercial areas and municipal buildings. The Company will connect residential customers along the initial route. Customer demand in the form of received applications and transportation agreements will provide future development. Company official believe providing one of the area’s most abundant natural resources to the people living above it makes good business and environmental sense. The company will be able to provide a lower cost cleaner burning energy source to the people of the region. This will create the greatest benefit for the most people.
Company officials are pleased with the news and excited about the prospect of serving customers in 2013. LGC would like to thank local and state legislators and business officials with the help they have provided throughout the filing process. Leatherstocking CEO Mike German stated “the level of support provided by the community has been outstanding. We feel obligated on a personal level to provide gas service as quickly and economically as possible”.
LGC currently has gas supply agreements in place with Cabot Oil & Gas and Williams. The company will continue to expand its supply portfolio in the region with other producers and energy marketers. The LGC system will be an open access system that provides customers to opportunity to purchase gas supplies from the most economical provider.
Leatherstocking Gas Company, LLC is a joint venture between Corning Natural Gas Corporation (“CNGC”) and Mirabito Holdings Inc. (“MHI”). The Joint Venture was formed in November of 2010 with the purpose of providing natural gas distribution service to currently un-served or underserved regions of central New York State and the northern tier of Pennsylvania. The company currently has 6 municipal franchises in central New York along the I-88 corridor. Currently corporate headquarters are 49 Court St. Binghamton, NY 13902. The company will open operational centers through the service territory as the distribution network develops.