By STEPHEN SINGER
AP Business Writer
HARTFORD, Conn. (AP) - New England governors have announced a plan to expand the region's pipeline capacity to deliver more natural gas and cut energy costs.
Maine Gov. Paul LePage said Thursday he and the governors of Connecticut, Massachusetts, New Hampshire, Rhode Island and Vermont have asked the region's grid operator to help as the states seek proposals for transmission equipment and public works to deliver enough electricity to serve 1.2 million to 3.6 million homes.
The proposal also would develop a way to finance pipeline construction to bring natural gas from Pennsylvania and adjacent areas to New England.
LePage said the initiative will help cut costs in New England by capitalizing on more competitive energy sources.
The governors agreed Dec. 5 to develop a regional energy strategy to reduce costs and boost reliability and efficiency.
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