Texas Eastern Transmission Sets Open Season for Lebanon East Expansion Project - Duke Energy

News Release
December 01, 2005

Texas Eastern Transmission Sets Open Season for Lebanon East Expansion Project

HOUSTON – Duke Energy Gas Transmission’s (DEGT) Texas Eastern Transmission, LP unit will conduct an open season beginning today to gauge market interest in its proposed Lebanon East Expansion project.

The project is designed to enhance supply diversity for shippers by connecting emerging Rocky Mountain natural gas supplies to growing markets primarily in the eastern United States. The non-binding open season will run through March 1, 2006. An in-service date of as early as Nov. 1, 2008, is projected.

“DEGT’s existing pipeline infrastructure is ideally positioned to bring gas supply diversity options to our customers along the Eastern Seaboard,” said Greg Rizzo, group vice president for Northeast transmission and storage. “We believe we’ve developed a needed solution that best manages supply moving from western North America to markets in the East.”

Under the Lebanon East Expansion, Texas Eastern Transmission is proposing to enhance its existing mainline system in Ohio and Pennsylvania in order to facilitate the movement of these supplies to the East.

“There is a growing need for additional natural gas supply in the U.S. Northeast to address price volatility challenges facing consumers as well as a growing call from shippers for more supply options,” said Rizzo. “Our most recent open season to gauge Northeast-region market needs in 2004 spawned a number of infrastructure projects that we are now pursuing. As we approach 2006 and beyond, this latest open season provides another proactive option to shippers interested in attaching a new supply source to the premium markets in the Northeast.”

Shippers interested in the services proposed under the Lebanon East Expansion project are encouraged to contact Bob Riga at 617/560-1436 or rgriga@duke-energy.com.

Duke Energy Gas Transmission is a North American leader in developing natural gas energy infrastructure, connecting major natural gas supply sources to growing markets. Based in Houston, Texas, the company’s assets and operations include more than 17,500 miles of transmission pipeline and 250 billion cubic feet of storage capacity in Canada and the United States along with significant gathering, processing, distribution and natural gas liquids operations that are among the largest in Canada. More information on DEGT can be found at:  http://www.degt.duke-energy.com.

Duke Energy is a diversified energy company with a portfolio of natural gas and electric businesses, both regulated and unregulated, and an affiliated real estate company. Duke Energy supplies, delivers and processes energy for customers in the Americas. Headquartered in Charlotte, N.C., Duke Energy 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: http://www.duke-energy.com.

Contact: Danny Gibbs
Phone: 713/627-4060
24-Hour Phone: 704/382-8333
e-mail: dpgibbs@duke-energy.com