Iberdrola Unit Floats New Gas Pipeline In Maine

Law360, New York (January 31, 2012, 5:55 PM EST) -- Maine Natural Gas LLC, a subsidiary of Spanish energy giant Iberdrola SA, said Tuesday that it is gauging customer interest in a new natural gas pipeline in Maine, seeking to capitalize on government-backed efforts to lower the state's reliance on heating oil.

The two-phase project would tap the 810-mile Maritimes & Northeast Pipeline LLC pipeline, which connects vast offshore gas reserves in Nova Scotia to New England consumers. Work on the first stage could start in the spring and be completed by the end of the...
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