"Regulators Urge Protection of Natural Gas Supply to Safeguard Heat for Millions of Americans"
The Federal Energy Regulatory Commission (FERC) and the North American Electric Reliability Corporation (NERC) have warned that the potential closure of the Everett Marine Terminal, which receives 99% of all U.S. imports of liquefied natural gas (LNG), could jeopardize heat and power supply for millions of Americans in New England. FERC and NERC expressed serious concerns about local energy reliability and affordability without the terminal, urging all parties involved to prioritize these factors in their negotiations. The closure of the terminal, which is connected to regional pipelines and a natural gas utility, could have significant cost implications and impact major institutions like Harvard Medical School and Massachusetts General Hospital that rely on gas imports.