Some N.J. gas customers could pay $161 to save $62, expert says

“The costs associated with the PennEast pipeline and two other projects in the works by New Jersey Natural Gas will dwarf any savings ratepayers may have been hoping to save on their utility bills, an expert’s analysis shows.

Customers could save up to $62.75 per year on their heating and electric bills due to savings from the PennEast pipeline, once completed.

But, after factoring in construction fees for PennEast and two other projects — the Southern Reliability Link and Garden State Expansion  — the combined price tag could end up costing customers $96 to $161 more per year, according to Greg Lander, president of Skipping Stone, an energy market services firm.”