With an ongoing commitment to shareowners, NJR Midstream invests in the midstream asset sector, specifically natural gas storage and transportation pipelines. With clients ranging from local distributors and producers to electric generators and wholesale marketers, our strategically located assets help customers meet their natural gas storage and transportation needs.
NJR Midstream has a 50 percent equity ownership in Steckman Ridge, a 12 Bcf natural gas storage facility in Bedford County, P.A. This facility provides direct access to Spectra Energy’s Texas Eastern Transmission and Dominion Transmission, as well as significant natural gas supplies from the East Coast and Rocky Mountains.
Also, NJR Midstream owns a stake in Dominion Midstream Partners, L.P., which provides expanded ownership in a variety of midstream assets and diversifies our position in the midstream marketplace. In addition, NJR Midstream owns a 20 percent stake in the PennEast Pipeline. This 118 mile pipeline from Northeast Pennsylvania to western New Jersey will provide reliable and affordable natural gas to customers in New Jersey and support economic development and job creation.
NJR Midstream is continuously evaluating opportunities to expand its services and footprint through independent or joint venture greenfield projects as well as acquisition and enhancement of existing infrastructure.