The 08/09 Expansion Project, planned in three phases, will allow Iroquois to receive an additional 200 million cubic feet per day of natural gas at its interconnect with Algonquin Pipeline in
Phase II, construction of two new 10,300 horsepower compressor units in
Iroquois Gas Transmission System, L.P. is the owner of an interstate pipeline extending 411 miles from the US-Canadian border at
Iroquois is a Limited Partnership owned by affiliates of TransCanada PipeLines Limited, Dominion Resources, Inc., National Grid U.S., New Jersey Resources and Energy East Corp.
FORWARD-LOOKING STATEMENT DISCLAIMER
This press release contains various forward-looking statements. Such forward-looking statements are based on current expectations, are not guarantees of future performance and include assumptions about future market conditions, operations and results. Iroquois can give no assurance that such expectations will be achieved. Among the many factors that could cause actual results to differ materially from those in the forward-looking statements herein are: future demand and prices for natural gas; availability of supplies of natural gas; regulatory, political, legislative and judicial developments, particularly with regard to regulation by the Federal Energy Regulatory Commission; the timing and cost of Iroquois' expansion projects; competitive conditions in the marketplace; changes in the receptivity of the financial markets to Iroquois or other oil and gas credits similar to Iroquois and, accordingly, our strategy for financing any such change in business strategy or expansion.
CONTACT: Ruth Parkins, 203-925-7209
SOURCE Iroquois Gas Transmission System, L.P.