Duke Energy Gas Transmission's Jewell Ridge Pipeline Placed into Service - Duke Energy

News Release
Oct. 31, 2006

Duke Energy Gas Transmission's Jewell Ridge Pipeline Placed into Service

Pipeline Transports New Natural Gas Supply to Southeast Markets for 2006 Heating Season

HOUSTON -- East Tennessee Natural Gas, LLC (ETNG), a unit of Duke Energy Gas Transmission (DEGT), has placed into service its Jewell Ridge pipeline that will transport up to 235,000 dekatherms a day of Appalachian natural gas to customers in the growing Southeast U.S. markets.

The 32-mile, 20-inch diameter lateral will move natural gas into the ETNG system from Appalachian producers and will be available for delivery to ETNG customers and the interconnect with Williams' Transco pipeline at Cascade Creek, N.C. 

"Jewell Ridge is an example of DEGT bringing incremental supply sources to growing markets in the Southeast and mid-Atlantic," said Guy Buckley, group vice president, Southeast supply and storage. "This new pipeline provides Appalachian producers a way to bring a new supply source to a high-growth market that has traditionally relied on the Gulf Coast basin."

The Jewell Ridge project utilized the Federal Energy Regulatory Commission’s (FERC) pre-filing process that allows for early involvement and input from landowners, environmental agencies and other stakeholders in the pipeline design process. After an extensive pre-filing process, the project application was approved by FERC in only five months, allowing DEGT to bring this important source of incremental supply to the natural gas grid in time for the 2006-2007 winter season.

The Jewell Ridge project is the latest expansion of the ETNG system. Since DEGT’s acquisition of ETNG in 2000, the company has grown its market delivery capability by 85 percent through system expansion, supply and storage development and acquisition.

DEGT is a North American leader in the long-haul transportation and storage of natural gas. For more than a half-century, DEGT and its predecessor companies have developed the critically important pipelines and related energy infrastructure that connects natural gas supply sources to premium markets. Based in Houston, Texas, the company's assets include about 17,500 miles of transmission pipeline and 250 billion cubic feet of storage capacity in the U.S. and Canada. DEGT also has natural gas gathering, processing and distribution assets and natural gas liquids operations that are among the largest in Canada. More information 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: Gretchen Krueger
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