Algonquin Gas Transmission Sees Strong Market Interest from Binding Open Season on Proposed 'East-to-West Expansion' Project



    BOSTON, April 5 /CNW/ -- Algonquin Gas Transmission received more than
1.3 billion cubic feet per day (Bcf/d) of interest from shippers during its
binding open season for the proposed "East-to-West Expansion" Project.

    (Logo: http://www.newscom.com/cgi-bin/prnh/20061030/CLM051LOGO )

    The open season, which closed March 20, was held in response to
significant interest from customers needing transportation capacity to meet
the demands of the growing Northeast market.
    "Market interest in the East to West project is very strong, and exceeds
our expectations," said Bill Yardley, group vice president for Spectra Energy,
owner of the Algonquin system. "As demand for natural gas continues to grow in
the Northeast, 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."
    The project, which will use existing mainline infrastructure, is expected
to be in service by Nov. 1, 2009. Incremental expansion will be constructed as
needed and existing rights of way will be leveraged to the fullest extent
practical in order to minimize environmental and landowner impacts. Next steps
include negotiating definitive agreements with shippers, initiating public
outreach and beginning the FERC pre-filing process.

    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, 265 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 http://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 in our Form 10-K, filed with the Securities and Exchange Commission
on April 2, 2007, and other filings that we make with the SEC, which are
available at the SEC's website at http://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: John Sheridan, Media, +1-617-560-1444, 24-hour
media line: +1-713-627-4747, or John Arensdorf, Analysts, +1-713-627-4600,
both of Spectra Energy; 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