AEP American Electric Power Company Inc

Spectra Energy Corp. (SE), American Electric Power Co. (AEP) and Chesapeake Energy Corp. (CHK) said Wednesday they will team up to build infrastructure to deliver oil and gas from the Utica and Marcellus shales of Ohio to Texas and elsewhere in the U.S. The project involves 70 miles of new pipeline and should create an additional 1 billion cubic feet a day of transportation capacity to serve local distribution companies, industrial users and gas-fired power generators in the Ohio market, as well as markets along the Texas Eastern system. The estimated cost of the Ohio Pipeline Energy Network project was not disclosed.

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