MONTREAL, Sept. 26, 2011 /CNW Telbec/ - Gaz Métro president and CEO
Sophie Brochu is delighted with the decision reached Friday by Régie de
l'énergie du Québec, approving Gaz Métro's request for an extension of
the natural gas network over some 80 km to Thetford Mines. This
investment totaling over $25 million will greatly enhance the
competitiveness of regional businesses, organizations and institutions.
The network extension has been made possible thanks to a $18.1
contribution from the federal government and a $7.2 investment from Gaz
"The community along with partners have been working for 15 years to
secure a natural gas supply in the Thetford Mines region in order to
grow their industrial potential. We are thrilled that all the hard work
has paid off," enthused Ms. Brochu.
This decision by Régie de l'énergie is part of a rigorous process aimed
at finalizing the project for the start of construction in spring 2012.
Until then, Gaz Métro will continue to work to obtain all of the
authorizations and permits necessary to comply with environmental and
legal requirements. The route chosen will follow Route 112 from
Vallée-Jonction to Black Lake (Thetford Mines). This extension of the
natural gas network will serve both municipalities, as well as
Saint-Frédéric, Tring-Jonction, Sacré-Cœur-de Jésus, East
Broughton, Saint-Pierre-de-Broughton and Thetford-Mines.
The project's economic benefits are considerable as the network will
provide access to a more competitive source of energy. The
environmental benefits are also impressive as many commercial and
industrial customers will be able to convert from fuel oil to natural
gas and thus reduce their greenhouse gas (GHG) emissions by 31%.
Agreements have already been signed with 21 customers, primarily from
the industrial (metallurgy and materials), institutional and restaurant
sectors. When natural gas arrives in the region in late 2012, Gaz Métro
evaluates that an additional 60-odd customers located near the network
could be connected. The company estimates that the resulting GHG
savings will total more than 6,000 equivalent tons of greenhouse gases.
To provide a maximum of information to the population and businesses
located along the route chosen from Vallée-Jonction to Black Lake
(Thetford Mines), Gaz Métro will hold a series of information sessions
in late 2011 to present the project. Details on these meetings will be
communicated to the communities concerned through the local media as
the project progresses.
Overview of Gaz Métro
With over $3.6 billion in assets, Gaz Métro is Quebec's leading natural
gas distributor. Its 10,000-kilometer network serves 300
municipalities. Active in this regulated industry since 1957, Gaz Métro
is the trusted energy provider of customers in Quebec and Vermont who
choose natural gas for its competitive price, efficiency, comfort and
environmental benefits. Gaz Métro is also active in the electricity
distribution market and is involved in natural gas transportation and
storage, as well as the development of projects in areas such as wind
power generation, natural gas fuel for the transportation industry, and
biomethanation. Gaz Métro is committed to the satisfaction of its
customers, partners (Gaz Métro Inc. and Valener Inc.), employees and
the communities in which it operates. www.gazmetro.com
SOURCE GAZ METRO
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