Iroquois Announces MetroExpress ('MetEx') Open Season

Jan 21, 2008, 00:00 ET from Iroquois Gas Transmission System, L.P.

    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
     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 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.