Spectra Energy Offers Appalachian Producers Pathway to Market, Scaled Expansion Program Will Match Production Timelines

Aug 04, 2008, 01:00 ET from Spectra Energy

    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
 rgriga@spectraenergy.com, or Sean Foley at (617) 560-1359 or
 spfoley@spectraenergy.com .
     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