SHELTON, Conn., Jan. 21 /PRNewswire/ -- Iroquois Gas Transmission
System, L.P. ("Iroquois") announced today the commencement of an Open
Season for its MetroExpress Expansion Project. The Open Season begins
January 21, 2008 and extends to February 29, 2008 for service commencing as
early as November 1, 2010. Any party interested in acquiring incremental
annual firm transportation capacity on Iroquois' existing mainline or on
new laterals necessary to connect developing markets may express such
interest during this Open Season.
"Iroquois' existing energy corridor and direct connections to
southwestern Connecticut, Long Island, and New York City strategically
positions us to be the final transportation link for emerging Rockies' Mid
Continent supplies from the west, as well as LNG from developing terminals
in the northeast Atlantic and along the St. Lawrence River," said Scott
Rupff, Iroquois' Vice President of Marketing, Development and Commercial
Operations. "Furthermore, our existing Hunts Point meter station in the
Bronx and Long Island Sound Crossing distinguishes Iroquois as the only
pipeline in the northeast that can deliver an additional 300,000 Dt/day
through its greater New York City infrastructure, thus lowering the
necessary threshold volume to build and reducing the impact of construction
on the environment," continued Mr. Rupff.
As natural gas pipeline infrastructure continues to be developed
bringing Rockies supplies to the doorstep of the northeast, Iroquois is
well positioned to deliver these new supplies to Connecticut and New York
from either its existing interconnect with TransCanada Pipelines at
Waddington, NY or the proposed Pleasant Valley, NY interconnect with
Tennessee Gas Pipeline's Northeast Passage Project. Iroquois also offers
Atlantic LNG supply direct access to these major northeast markets via its
Brookfield, CT interconnect with Algonquin Gas Transmission's proposed E2W
Project. These developing sources of natural gas will add to the current
supply options of Western Canada, Chicago, Dawn, and Michigan storage that
Iroquois already delivers to the marketplace.
For more information on MetEx, please visit the Iroquois website at
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 its design day throughput capacity
which will increase to 1.45 Bcf/d following the completion of the 08/09
Expansion Project. The pipeline is operated by the Iroquois Pipeline
Operating Company, a wholly owned subsidiary of Iroquois.
Iroquois is a Limited Partnership owned by affiliates of TransCanada
PipeLines Limited, Dominion Resources, Inc., National Grid U.S., New Jersey
Resources Corp. 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.
Scott Rupff, 203-925-7291
Todd White, 203-925-7284
SOURCE Iroquois Gas Transmission System, L.P.