In January 2021, NYGB entered into an agreement with CGE to provide an up to $17.4 million construction-to term loan and $1.0 million letter of credit to CGE to secure long-term rights to landfill gas at the Chautauqua Landfill in Jamestown, NY and construct improvements at the Landfill that will upgrade the gas for transportation and sale as renewable natural gas. CGE was approved by the New York State Public Service Commission to own and operate a seventy-mile natural gas pipeline, and will construct, own, and operate a three-mile pipeline connecting the project to the Little Valley Pipeline. Through the pipelines, the Project will connect to the interstate pipeline grid for delivery and sale of the RNG.
In August 2022, NYGB increased its existing construction-to-term facility with CGE by $2.6 million ($21 million aggregate) to support a landfill gas (“LFG”) to renewable natural gas (“RNG”) project in Chautauqua County.
