Iroquois Announces 08/09 Expansion Project Open Season

Sep 13, 2006, 01:00 ET from Iroquois Gas Transmission System, L.P.

    SHELTON, Conn., Sept. 13 /PRNewswire/ -- Iroquois Gas Transmission
 System, L.P. ("Iroquois") announced today the commencement of an Open
 Season for its 08/09 Expansion Project. The Open Season begins September
 13, 2006 and extends to October 6, 2006 for service commencing as early as
 November 1, 2008. Any party interested in acquiring new annual firm
 transportation capacity from any receipt point to any delivery point on the
 Iroquois system or on proposed laterals may express such interest during
 this Open Season.
     Iroquois offers extensive receipt and delivery alternatives that give
 it access-either directly or indirectly through interconnects with other
 pipelines-to all major gas markets in the Northeast. Iroquois also offers
 the most economic means of expansion into the metropolitan New York City
 marketplace by way of its existing New York Facilities System interconnects
 with KeySpan Energy Corporation at South Commack, NY and The Consolidated
 Edison Company of New York, Inc. at Hunts Point, NY.
     "As various upstream supply, storage, and transportation infrastructure
 enhancements emerge over the next several years to serve growing demand
 here in the Northeast -- involving such companies as TransCanada, Dominion,
 Millennium, Algonquin, and Tennessee -- Iroquois is well positioned to be
 the conduit of choice for delivering new volumes of natural gas into the
 greater New York City and New England region," said Scott Rupff, Iroquois'
 Vice President of Marketing, Development, and Commercial Operations.
     For more information on the 08/09 Expansion Project, please visit the
 Iroquois website at
     About Iroquois
     Iroquois Gas Transmission System, L.P. is the owner of an interstate
 pipeline extending 411 miles from the US-Canadian border at Waddington, NY,
 through the state of Connecticut to South Commack, Long Island, NY and
 Hunts Point, Bronx, NY. The company is regulated by the Federal Energy
 Regulatory Commission ("FERC"). Since going into operation in December
 1991, Iroquois has more than doubled the amount of gas under contract.
 Iroquois currently has multi-year, firm contracts to transport
 approximately 1,258 MDt/d for 34 gas utilities, power generators, marketers
 and producers. The pipeline is operated by the Iroquois Pipeline Operating
 Company, a wholly owned subsidiary of Iroquois.
     This press release contains various forward-looking statements within
 the meaning of Section 27A of the Securities Act of 1933, as amended and
 Section 21E of the Securities Exchange Act of 1934, as amended. 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. They are made in reliance on the
 "safe harbor" provisions of the Private Securities Litigation Reform Act of
 1995. 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 Canadian
 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.
     Scott Rupff, 203-925-7291
     Todd White, 203-925-7284

SOURCE Iroquois Gas Transmission System, L.P.