Portland Natural Gas Transmission System To Operate As A Standalone Company Under Industry Veteran
FOR IMMEDIATE RELEASE
PORTLAND NATURAL GAS TRANSMISSION SYSTEM TO OPERATE AS A STANDALONE COMPANY UNDER INDUSTRY VETERAN
· PNGTS will operate as a standalone company committed to continuing its two-decade long history of delivering safe, reliable, and sustainable energy solutions to customers across New England and Atlantic Canada
· Industry veteran Bill Yardley will lead PNGTS as chief executive officer, bringing extensive knowledge and experience in safely and efficiently operating natural gas pipeline systems throughout the United States
HOUSTON, Texas – August 15, 2024 – Portland Natural Gas Transmission System (“PNGTS”) has completed its transition into a standalone company. Previously a subsidiary of TC Energy Corporation and Northern New England Investment Company, Inc., a subsidiary of Énergir L.P., PNGTS will continue to provide critical natural gas transportation service to a diverse base of regional utility, energy marketing, and industrial customers. The company will be led by industry veteran Bill Yardley, who will assume the role of chief executive officer, effective immediately.
“Over the last 25 years, PNGTS has grown from a regional operator into a critical piece of our nation’s energy infrastructure, providing reliable and affordable natural gas to heating and electric generation markets that have historically been volatile due to limited options for upstream supply,” said Yardley. “We are excited to innovate and grow this important asset in an area we know well. Looking to the future, we remain focused on operational excellence and ensuring the highest safety standards across all our assets, as well as maintaining the service our customers have come to know and expect.”
A proven leader in the energy industry, Mr. Yardley served as executive vice president of Enbridge and president of Enbridge’s gas transmission and midstream group from 2017-2022, where he led the company’s North America natural gas pipeline business. Prior to Enbridge, Mr. Yardley was the group vice president of northeast transmission and president of US transmission for Spectra Energy. He also served as group vice president of gas transmission at Duke Energy Corporation and vice president of marketing at Boston Gas Company.
With the scarcity of natural gas in New England for electricity generation and home heating, PNGTS is committed to providing continued access to this critical fuel to all its customers throughout the region, as a more environmentally friendly alternative to coal and heating oil. In this way, as a leader in the continued modernization of the region’s energy system, PNGTS is helping to reduce carbon emissions in the Northeast.
About PNGTS
PNGTS operates a 295-mile FERC-regulated pipeline system that provides critical natural gas supply to New England and Atlantic Canada. The system originates near Pittsburg, New Hampshire and has delivery points in New Hampshire, Maine and Massachusetts. Strategically situated in the northeast United States, PNGTS is focused on the safe and reliable operation of its assets, as well as executing on innovative growth opportunities to support rising demand in the region. For more information, please visit pngts.com.
Media Contact:
Meggan Morrison
Redbird Communications Group
