FERC Approval Paves the Way for New Natural Gas Transmission System in the Northeast
December 27 2006 - 11:52AM
PR Newswire (US)
PEARL RIVER, N.Y., Dec. 27 /PRNewswire/ -- On December 21, 2006,
the Federal Energy Regulatory Commission (FERC) granted conditional
authorization for Algonquin Gas Transmission, LLC, Empire State
Pipeline, Iroquois Gas Transmission System, L.P., and Millennium
Pipeline Company, L.L.C., to construct and operate a new natural
gas transportation system to the Northeast region of the United
States. (Logo: http://www.newscom.com/cgi-bin/prnh/20061207/MILLOGO
) This new system, referred to as the NE 07 Project, will provide
up to 525,400 dekatherms per day of new natural gas supply to
growing Northeast markets and consists of the following pipeline
projects: * Algonquin Gas Transmission - The Ramapo Expansion
Project will replace approximately five miles of existing pipeline
of Duke Energy Gas Transmission's (DEGT) Algonquin Gas Transmission
System in Rockland County, New York with larger diameter pipe,
construction of a new compressor station in New Haven County,
Connecticut, and modification of two existing compressor stations
in New York and one in New Jersey. * Empire State Pipeline - The
Empire Connector Project is a new 78 mile pipeline to be
constructed by National Fuel Gas Company's (NYSE:NFG) wholly owned
subsidiary, Empire State Pipeline. Empire will connect its existing
facilities in Victor, New York with Millennium's facilities in
Corning, New York. Empire will also install a compressor station in
Oakfield, New York. * Iroquois Gas Transmission - The Iroquois
Market Access Project consists of the construction of a new
compressor station in Brookfield, Connecticut and modification of
an existing compressor station in Dover, New York. * Millennium
Pipeline Company - Millennium will replace segments of the Columbia
Gas Transmission A-5 pipeline with a larger diameter 181.7 mile
pipeline traversing the Southern Tier and lower Hudson Valley of
New York. Plans also include the construction of compression
facilities in Corning, New York. "We applaud the FERC for their
expeditious review of this important project," said Dick Leehr,
President, Millennium Pipeline, on behalf of the participating
pipelines. "The NE 07 Project provides a new alternative for
markets in New York, New Jersey and New England to access Canadian
and domestic natural gas supply, and for customers in the region to
access local gas production and storage facilities in western New
York." The integrated projects are scheduled to commence service by
November 2008. About Algonquin Gas Transmission, LLC, Empire State
Pipeline, Iroquois Gas Transmission System, L.P., Millennium
Pipeline Company, L.L.C.: Algonquin Gas Transmission, LLC is wholly
owned by Duke Energy. Further information may be secured at its
website: http://www.duke-energy.com/ Empire State Pipeline is
wholly owned by National Fuel. Additional information about
National Fuel and Empire State Pipeline may be seen at its website:
http://www.nationalfuelgas.com/ Iroquois Gas Transmission System,
L.P. is a partnership of subsidiaries of TransCanada, KeySpan,
Dominion Resources, New Jersey Resources and EnergyEast. Further
information about Iroquois can be secured at its website:
http://www.iroquois.com/ Millennium Pipeline Company, L.L.C. is
owned by NiSource Inc., KeySpan Corporation, and DTE Energy. More
information about Millennium Pipeline may be secured at its
website: http://www.millenniumpipeline.com/ Forward-looking
statements: This news release contains forward-looking statements
within the meaning of federal securities laws. These
forward-looking statements are subject to various risks and
uncertainties. The factors that could cause actual results to
differ materially from the projections, forecasts, estimates and
expectations discussed herein include, among others things, risks
associated with contract termination rights, increased competition
in deregulated energy markets, weather, fluctuations in supply and
demand for energy commodities, growth opportunities, dealings with
third parties over whom NE07 has no control, actual operating
experience, the regulatory process, regulatory and legislative
changes, changes in general economic, capital and commodity market
conditions, and counter-party credit risk, many of which are beyond
the control of NE07. Readers are cautioned not to place undue
reliance on these forward-looking statements, which speak only as
of the date of this news release. NE07 does not undertake any
obligation to publicly release any revision to these
forward-looking statements to reflect events or circumstances after
the date of this news release.
http://www.newscom.com/cgi-bin/prnh/20061207/MILLOGODATASOURCE:
Millennium Pipeline Company, L.L.C. CONTACT: Algonquin Gas
Transmission, LLC - John Sheridan, +1-617-560- 1444; or Empire
State Pipeline - Media, Julie Coppola Cox, +1-716-857-7079; or
Analyst, Margaret M. Suto, +1-716-857-6987; or Iroquois Gas
Transmission System, L.P. - Ruth Parkins, +1-203-925-7209; or
Millennium Pipeline Company, L.L.C. - Mike Armiak, +1-845-620-1300
Web site: http://www.millenniumpipeline.com/
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