HOUSTON, Aug. 4 /PRNewswire-FirstCall/ -- Texas Eastern Transmission,
LP, ("Texas Eastern"), a subsidiary of Spectra Energy (NYSE: SE), today
announced a non-binding open season for its Texas Eastern Appalachia to
Market (TEAM) expansion program, a proposed expansion to transport emerging
Appalachian natural gas production to premium markets in the northeast
United States, including Mid-Atlantic and New England states.
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"Our advantage is twofold -- an existing footprint in the region that
is well positioned to connect this new supply to market, and a strong track
record of designing and constructing cost-effective expansion projects that
are timed and sized to meet customers' needs," said Bill Yardley, group
vice president, Spectra Energy Transmission. "This project will allow
producers to connect their Appalachian supplies to premium markets, and
shippers to reach back to the increasing number of supply points in the
West Virginia and Pennsylvania regions."
The TEAM expansion program has a targeted capacity of approximately 300
million cubic feet per day (mmcf/d), but will be scaleable and sized to
meet customer needs. The expansion will utilize existing rights of way,
wherever possible, which will minimize both project costs and effects on
landowners and the environment.
The first phase of the scaleable expansion program is targeted to be in
service as early as November 1, 2011.
The non-binding open season runs from August 1, 2008, to August 29,
2008. Interested parties should contact Bob Riga at (617) 560-1436 or
email@example.com, or Sean Foley at (617) 560-1359 or
Spectra Energy Corp (NYSE: SE), a FORTUNE 500 company, is one of North
America's premier natural gas infrastructure companies serving three key
links in the natural gas value chain: gathering and processing,
transmission and storage, and distribution. For nearly a century, Spectra
Energy and its predecessor companies have developed critically important
pipelines and related infrastructure connecting natural gas supply sources
to premium markets. Based in Houston, Texas, the company operates in the
United States and Canada approximately 18,000 miles of transmission
pipeline, 265 billion cubic feet of storage, natural gas gathering and
processing, natural gas liquids operations and local distribution assets.
Spectra Energy Corp also has a 50 percent ownership in DCP Midstream, the
largest natural gas gatherer and processor in the United States. For more
information, visit www.spectraenergy.com .
SOURCE Spectra Energy