State regulators have approved a pipeline transfer that’s part of Delta Air Lines’ plan to buy a suburban Philadelphia oil refinery and produce its own jet fuel.
The Pennsylvania Public Utility Commission yesterday approved the transfer involving ConocoPhillips to Monroe Energy, LLC, the Delta subsidiary that will operate the facility in Trainer, Delaware County.
Delta hopes the $150 million deal could help saved $300 million in fuel costs annually. The Philadelphia Inquirer reports PUC Chairman Robert Powelson called the approval “an excellent example of how government can aid in economic development while still protecting the public interest.”
The transfer application says production is expected to restart at the shuttered refinery in September.