A recent study commissioned by the Industrial Energy Consumer Group (IECG) finds that New England needs 2 Bcf of new natural gas pipeline capacity (according to this article in the Portland Daily Sun). "'As you are aware,' [counsel to the IECG] wrote to the New England Gas-Electric Focus Group in this memo, 'this winter (2013-2014) has provided frigid witness to the highest energy prices ever experienced by New England, prices routinely twice as high as those of last winter (2012-2013). The human and economic costs of these huge price increases have been staggering: on just one Friday in January, the total cost of electricity in New England measured by the energy clearing price was $100,000,000 (one hundred million dollars) more than what it otherwise would have been if New England experienced prices like the rest of the nation. The total 'above-market' energy costs to New England in 2014 will be in the billions of dollars.'"
More? Counsel for IECG "went on to state that the crisis 'is entirely man-made.'" Hmmm ...
Read the whole thing.