tiprankstipranks
CNX Resources nears completion of Kiski Water Line prokect
The Fly

CNX Resources nears completion of Kiski Water Line prokect

CNX Resources is nearing completion of its Kiski Water Line project, which will serve the Company’s local operational needs, reduce the local impact of natural gas development, and potentially optimize regional water resources by providing additional reliable water infrastructure to area communities. The $20M project is expected to be completed in June 2024 and will serve future natural gas development in the area. During voluntary or mandatory water conservation periods, the 20″ Kiski Water Line is expected to serve as the primary alternative to water purchased from the Municipal Authority of Westmoreland County. The water line also significantly reduces the need for CNX to utilize water trucking in the County, mitigating the community impact of the Company’s local operations. Importantly, the project also offers unprecedented potential future opportunity to improve and optimize regional water infrastructure and resources. With regulatory approvals and minor equipment modifications, the water line could be used to provide MAWC and the reservoir with optionality during Kiski River high flow periods. Such activity could better position the Beaver Run Reservoir to maintain normal service during seasonally dry periods and mitigate drought and residential conservation risk. The project significantly improves area water resource resilience. Other potential community applications that could benefit from the project include freshwater agricultural needs, industrial use, and other various community needs. Realizing the project’s full potential will require partnership and input from various stakeholders, and CNX looks forward to engaging in discussion with the Pennsylvania Department of Environmental Protection, local officials, the business community, and the MAWC.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles