Spectra Energy nears completion of natural gas pipeline project in New England

Spectra Energy Corp. is nearing completion of its $972 million Algonquin Incremental Market (AIM) pipeline project, which will transport natural gas to the New England region in time for an anticipated increase in winter demand. The AIM project is the largest pipeline project since 2007 to transport natural gas into New England from outside the region, according to the U.S. Energy Information Administration. The pipeline will provide an extra 342 million cubic feet per day of pipeline capacity to the New England market from the Appalachian Basin. Spectra placed part of the AIM project into service in November following the October approval from the Federal Energy Regulatory Commission.