Fed­eral reg­u­la­tors re­ject DEC ef­forts to slow pipe­line

The Buffalo News - - BUSINESS - – Thomas J. Pro­haska – Matt Glynn – Matt Glynn – Thomas J. Pro­haska

The Fed­eral En­ergy Reg­u­la­tory Com­mis­sion re­fused Tues­day to give New York State and the Sierra Club an­other hear­ing on wa­ter qual­ity per­mits for Na­tional Fuel’s pro­posed North­ern Ac­cess pipe­line, which would carry nat­u­ral gas through Western New York from north­ern Penn­syl­va­nia to Ontario.

In 2017, the state Depart­ment of En­vi­ron­men­tal Con­ser­va­tion re­fused to give Na­tional Fuel a per­mit for the pipe­line to cross sev­eral streams. On Feb. 5, a fed­eral ap­peals court in Man­hat­tan in­val­i­dated the DEC’s ac­tion, say­ing the state agency missed a le­gal dead­line to act by 36 days. FERC had is­sued a sim­i­lar opin­ion last August.

Na­tional Fuel spokes­woman Karen L. Merkel said the tar­get date for the 97-mile pipe­line to open is 2022, but the com­pany still needs ap­provals from the U.S. Army Corps of En­gi­neers. It also faces a va­ri­ety of law­suits over the plan.

CleanCap­i­tal re­ceives an in­vest­ment boost

CleanCap­i­tal, a clean en­ergy in­vest­ment plat­form co-founded by Western New York na­tive Jon Pow­ers, has re­ceived an in­vest­ment boost.

Funds man­aged by Black­Rock’s re­new­able power group in­vested an undis­closed amount in CleanCap­i­tal. But the size of the in­vest­ment was de­scribed as “on par with” previous part­ner­ships an­nounced by CleanCap­i­tal, in­clud­ing a $250 mil­lion part­ner­ship with CarVal In­vestors an­nounced a year ago.

CleanCap­i­tal is head­quar­tered in New York City but has a Buf­falo of­fice that is adding its third em­ployee. The com­pany was a semi­fi­nal­ist in the 2016 edi­tion of 43North.

Launch NY fund in­vests in two lo­cal star­tups

Launch New York has an­nounced the first four in­vest­ments in star­tups from its new lim­ited part­ner fund.

The for-profit fund in­vested in Ea­gleHawk, ShrubBucket, Ecolec­tro and Wil­low. Ea­gleHawk and Wil­low are based in Buf­falo.

Launch New York de­clined to say how much was in­vested in each com­pany be­cause the or­ga­ni­za­tion is still fundrais­ing. The new fund works in tan­dem with Launch New York’s seed fund, which has been built as a non­profit fund through do­na­tions and grants.

“By in­tro­duc­ing the new LP Fund, we cre­ated a way to ef­fec­tively dou­ble the cap­i­tal we have avail­able to lo­cal star­tups, and in­vestors have an opportunity to earn a profit while do­ing good in a com­mu­nity they hold near and dear,” said Marnie LaV­i­gne, Launch New York’s pres­i­dent and CEO.

Lewis­ton nurs­ing home names ex­ec­u­tive direc­tor

Jonathan P. Hart, for­mer ad­min­is­tra­tor of two McGuire Group nurs­ing fa­cil­i­ties in Erie County, is the new ex­ec­u­tive direc­tor at Our Lady of Peace Nurs­ing Home in Lewis­ton.

Hart, 49, started work March 13 at the 250-bed fa­cil­ity, owned by As­cen­sion Health. It opened in 2003. He has 23 years of ex­pe­ri­ence, and worked 12 years at McGuire Group.

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