Algonquin Gas Transmission Holding Binding Open Season on Proposed 'East-to-West Expansion' Project



    BOSTON, March 7 /CNW/ -- In response to significant interest from
customers needing transportation capacity to meet the demands of the growing
Northeast market, Algonquin Gas Transmission will hold a binding open season
from March 7-20 on its proposed "East-to-West Expansion" Project.
    
    (Logo:  http://www.newscom.com/cgi-bin/prnh/20061030/CLM051LOGO)
    
    In a related non-binding open season held last fall, shippers indicated
they may need more than 2 billion cubic feet a day (Bcf/d) of new natural gas
pipeline capacity to serve their needs in the region.
    "Market interest in the East to West project exceeded the proposed
expansion plans we announced last fall," said Bill Yardley, group vice
president for Spectra Energy, owner of the Algonquin system. "We believe this
project will help our customers better serve their markets through new
supplies sourced from the eastern end of our Algonquin system, including new
LNG-sourced supply."
    
    Advantages of the East-to-West Expansion include:
    -- Economical access to high-growth Northeast markets through existing
       mainline infrastructure
    -- Access to new sources of supply
    -- Strategic proximity to eastern end supplies
    -- Use of existing rights of way
    

    The project, expected to be in service by Nov. 1, 2009, will use existing
mainline infrastructure, adding incremental expansion as needed. Plans include
using existing rights of way, where practical, to minimize environmental and
landowner impacts. Final design of the project will depend on shipper
commitment.
    Interested shippers should contact Doreen Wrick by 5 p.m. (EST) Tuesday,
March 20.  She can be reached at 617-560-1536.

    Spectra Energy Corp (NYSE:   SE) is one of North America's premier pure
play natural gas midstream companies serving three key links in the natural
gas value chain:  gathering and processing, transmission and storage and
distribution. For close to a century, Spectra Energy and its predecessor
companies have developed critically important pipelines and related energy
infrastructure connecting natural gas supply sources to premium markets. Based
in Houston, Texas, the company operates in the United States and Canada
approximately 17,500 miles of transmission pipeline, 250 billion cubic feet of
storage, natural gas gathering and processing, natural gas liquids operations
and local distribution assets. Spectra Energy Corp also has a 50 percent
ownership in DCP Midstream, one of the largest natural gas gatherers and
processors in the United States. Visit www.spectraenergy.com for more
information.

    
    Forward-Looking Statements
    
    This release includes "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. Forward-looking statements represent our intentions,
plans, expectations, assumptions and beliefs about future events. This release
includes forward-looking statements concerning future developments at our
facilities, including the anticipated timing of planned capital expansions,
and anticipated future demand for natural gas pipeline capacity. Such
statements are subject to risks, uncertainties and other factors, many of
which are outside our control and could cause actual results to differ
materially from the results expressed or implied by those forward-looking
statements. Those factors include: the timing and success of efforts to
develop infrastructure projects; the timing and receipt of required regulatory
approvals; the timing and receipt of sufficient capacity commitments for the
described project; and fluctuations in the demand for natural gas in the
markets serviced by the described project. These factors, as well as
additional factors that could affect our forward-looking statements, are
described under the headings "Risk Factors" and "Forward-Looking Statements"
in our Form 10, filed with the Securities and Exchange Commission on December
6, 2006, which is available at the SEC's website at www.sec.gov. In light of
these risks, uncertainties and assumptions, the events described in the
forward-looking statements might not occur or might occur to a different
extent or at a different time than we have described. We undertake no
obligation to publicly update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise.





For further information:

For further information: Gretchen Krueger, +1-713-627-4072, or 
+1-713-627-4747 (24-hour media line), or Analysts, John Arensdorf, 
+1-713-627-4600, both for Spectra Energy Corp Web Site:
http://www.spectraenergy.com/

Organization Profile

Spectra Energy Corp.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890