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 http://www.iroquois.com.
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.
FORWARD-LOOKING STATEMENT DISCLAIMER
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.