News Release
Jan. 06, 2003

DUKE ENERGY: BRITISH COLUMBIA PIPELINE EXTENSION RECEIVES FINAL REGULATORY APPROVAL

CALGARY, Alberta – Duke Energy Gas Transmission (DEGT) announced today that it has received the final approval from the National Energy Board (NEB) in order to proceed with the construction of the Grizzly Pipeline extension in Northeastern British Columbia (BC) and Alberta.

 

The CDN $66 million (US $ 42.5 million) 109.5-kilometre (67-mile) extension will tie new natural gas production from the Ojay/Weejay area southeast of Tumbler Ridge, and the Narraway area southwest of Grand Prairie, Alberta, into DEGT’s existing Grizzly raw gas transmission system.  The natural gas will then be processed through DEGT’s Kwoen and Pine River processing facilities and from there, will be transported through the company’s BC Mainline to growing markets in BC, the US Pacific Northwest and beyond.

 

Construction on the Grizzly pipeline extension is scheduled to begin this month with an in-service target date of April 2003.

 

“This pipeline extension contributes significantly to the long-term viability of this growing area. We are extremely pleased to be able to begin construction on this pipeline extension and move the producers’ gas to market as quickly as possible,” said Doug Haughey, president, Duke Energy Gas Transmission West.

 

According to Chris Seasons, vice president exploitation, Devon Canada Corporation, a key producer in the area, “This pipeline extension allows us to realize value from the reserves we have discovered in the area -- reserves that could deliver 52 million cubic feet of sales gas per day.  Over the next three to five years, we believe there is potential to double that figure.” BP Canada Energy Company is the other major producer in the area that expects to be positively impacted by the pipeline extension.  “The Grizzly pipeline extension connects our discovered gas reserves in the area as well as creating potential opportunities for the future,” added Don Nicolson, commercial vice president, BP Canada Energy Company.

 

Duke Energy Gas Transmission is a North American leader in developing energy infrastructure and connecting major natural gas supply basins to growing markets. The company’s natural gas operations include more than 18,900 miles of interstate transmission pipeline and 250 billion cubic feet of storage capacity in Canada and the United States. More information on DEGT can be found at www.degt.duke-energy.com.

 

Duke Energy is a diversified multinational energy company with an integrated network of energy assets and expertise. The company manages a dynamic portfolio of natural gas and electric supply, delivery and trading businesses – meeting the energy needs of customers throughout North America and in key markets around the world. Duke Energy, headquartered in Charlotte, N.C., is a Fortune 500 company traded on the New York Stock Exchange under the symbol DUK. More information about the company is available on the Internet at: www.duke-energy.com.

 

Contact: Toni Beck
Phone: 403/699-1510
24 Hour Phone: 704/382-8333
Email: tbeck@duke-energy.com