2014

Iroquois Files With FERC for 08/09 Expansion Project

    SHELTON, Conn., Sept. 28 /PRNewswire/ -- Iroquois Gas Transmission
 System, L.P. ("Iroquois") announced today that it has filed with the
 Federal Energy Regulatory Commission (FERC) for a Certificate of Public
 Convenience and Necessity to construct its 08/09 Expansion Project.
     The 08/09 Expansion Project, to be constructed 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 Brookfield, CT
 and deliver the volumes to National Grid's KeySpan system at South Commack,
 Long Island.
     "This expansion, coming on the heels of Iroquois' previously approved
 MarketAccess Project, will further enhance the diversity of gas supply
 needed to meet the growing demand here in the Northeast region," said
 Iroquois' President Jay Holm.
     The 08/09 Expansion Project includes the following:
 
     Phase I -- In-Service Date of November 1, 2008
      -- 5.8 Miles of 36-inch pipeline loop in Boonville, NY
      -- 1.0 Mile of 36-inch pipeline loop in Wright, NY
      -- 1.6 miles of 36-inch pipeline loop in Newtown, CT
 
     Phase II -- In-Service Date of January 1, 2009
      -- Construction of two new 10,300 horsepower compressor units at an
         existing meter station facility in Milford, CT
 
     Phase III -- In-Service Date of November 1, 2009
      -- Construction of a second 10,300 horsepower compressor unit (with
         cooling) at Brookfield Compressor Station in Brookfield, CT
     "Iroquois is pleased that it continues to play a significant role in
 meeting the growing energy needs of Long Island and New York City and we
 will continue to focus on developing energy infrastructure projects that
 are environmentally sensitive, safe, and reliable, while at the same time
 being economically competitive for the ultimate consumer." continued Mr.
 Holm.
     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.
     Contact:
     Ruth Parkins, 203-925-7209
 
 

SOURCE Iroquois Gas Transmission System, L.P.

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