Wabash Gas Storage Goes Forward NOT

Wabash Gas Storage has made a realistic decision. The demand for the gas storage is simply not there at this time. Therefore, rather than expend the customer funds, the entity determined that this was not the appropriate time to go forward. The company and its law firm, DLA Piper, LLP, should be respected for a rational decision.

 

http://wabashstorage.com/     

http://elibrary.ferc.gov/idmws/search/prepPdfHighlight.asp?pdf_url=D:/verity/custom/indexdocs/13185226.PDF&xml=http://wdcelbwebps01/IDMWS/search/xmlview.asp&dockey=14091676@12_13_14&Query=WABASH GAS STORAGE&File_id=13185226&File_ext=PDF 

Wabash Gas Storage, LLC (“Wabash”) has worked diligently to solidify commercial support for its proposed natural gas storage project in Edgar County, Illinois (“Project”). However, based upon recent negotiations with potential customers, it has become apparent that the current economic viability of the Project is not sufficient to warrant moving forward with the Project at this time. Accordingly, Wabash respectfully requests that the Commission terminate the NEPA pre-filing review process for the Project in the above-captioned proceeding. Wabash continues to believe that market conditions will improve in the future, and to the extent Wabash determines to move forward with the Project, it will request that the Commission reinitiate the pre-filing review process at that time.

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