Duke Energy Gas Transmission Plans Expansion of its Texas Eastern System; Shippers Sign Long-Term Transportation Contracts to Serve Northeast Markets
HOUSTON -- Duke Energy Gas Transmission (DEGT) today announced plans to expand its Texas Eastern Transmission system from Lebanon, Ohio, to New Jersey by up to 150,000 Dekatherms per day (Dth/d).
The Texas Eastern Incremental Market Expansion (TIME II) will provide phased-in additional capacity to serve natural gas shippers PSEG Power LLC and New Jersey Natural Gas, both of which have signed binding long-term transportation commitments.
The capacity increase will be accomplished by adding approximately 10 miles of additional pipeline facilities at two locations in Ohio, approximately 21 miles of additional pipeline facilities at three locations in Pennsylvania and approximately 30,000 horsepower of additional compression facilities at two locations in Pennsylvania. An initial in-service date of late 2007 is planned.
“TIME II helps our customers meet their demand needs in a cost-effective way,” said Greg Rizzo, group vice president of Northeast transportation and storage, DEGT. “In addition, we believe Lebanon, Ohio, is the logical hub where sellers of natural gas from mid-continent and Canadian supply basins can meet buyers from the East Coast. For that reason, we are studying the potential for hub-based services at Lebanon such as pooling, title transfer, balancing and park and loan services.”
The company has filed a formal application with the Federal Energy Regulatory Commission (FERC) to begin the federal permitting process for this project. DEGT will continue to work with all stakeholders -- including federal, state and local agencies; landowners; and local citizens – in order to ensure that all issues are taken into consideration during the permitting process.
DEGT must obtain final approval from FERC, as well as federal, state and local agencies.
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.