Veresen Responds to FERC Order Denying Jordan Cove Energy Project’s LNG Terminal Application

Veresen Inc., sponsor of the proposed Jordan Cove Energy Project LNG export terminal at Coos Bay, Ore, released a statement in response to FERC’s order issued Friday, which rejected the application to construct the terminal and interconnected pipeline.  Dan Althoff, President and CEO of Veresen, said “Clearly, we are extremely surprised and disappointed by the FERC decision … FERC appears to be concerned that we have not yet demonstrated sufficient commercial support for the projects. We will continue to advance negotiations with customers to address this concern.”  The statement indicates that project proponents will seek rehearing of FERC’s order.




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