Released By Williams
GULFSTREAM NATURAL GAS SYSTEM PREPARES FOR MAINLINE EXTENSION
FERC Amendment Filed Seeking Minor Modifications to Phase II Construction
TAMPA, Fla. -- In conjunction with its recently executed agreement to provide transportation service to Florida Power & Light Company, Gulfstream Natural Gas System, L.L.C. today filed an amendment with the Federal Energy Regulatory Commission seeking minor modifications to the timing, facilities and rates previously approved for its Phase II pipeline construction.
"We are diligently preparing for the next phase of pipeline construction, which will extend Gulfstream's reach to directly serve
Specifically, the amendment:
Gulfstream's Phase II pipeline construction will extend its
The Phase II construction is part of a 23-year agreement for Gulfstream to provide up to 350 million cubic feet per day of firm natural gas transportation to serve FPL's Martin and Manatee power plant expansions. The two expansions are designed to provide service to an additional 400,000 electric customers beginning in mid-2005.
FERC approved the construction and operation of the Gulfstream pipeline project in February 2001. Gulfstream later received permission from FERC to phase construction -- placing 581 miles in service last May.
Since the Gulfstream project was initiated in 1999, company representatives have worked with state and local officials as well as civic and community groups to share information and answer questions about the project, conducting public meetings, delivering presentations and making information available through its Web site.
The Gulfstream pipeline is a joint development between Williams (NYSE:WMB) and Duke Energy (NYSE:DUK). Additional information is available on the Internet at www.gulfstreamgas.com or by calling the company toll-free at 1-888-GAS-4-FLA.
Portions of this document may constitute "forward-looking statements" as defined by federal law. Although the companies believe any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. Any such statements are made in reliance on the "safe harbor" protections provided under the Private Securities Reform Act of 1995.