SHELTON, CT, Jan. 14 /CNW/ - Iroquois Gas Transmission System, L.P.
("Iroquois") announced today that its new Milford Compressor Station, located
in Milford, CT, has been placed into service. The natural gas compression
facility, consisting of two new 10,300 horsepower compressor units, was
constructed as Phase 2 of its 08/09 Expansion Project.
Phase 1, a 1.6 mile pipeline loop in Newtown, CT, was placed into service
November 14, 2008. Phase 3, construction of a second 10,300 horsepower
compressor unit at Iroquois' existing Brookfield Compressor Station in
Brookfield, CT, is expected to begin early Spring 2009, with an in-service
date of November 1, 2009.
The three-phased 08/09 Expansion Project will allow Iroquois to receive
an additional 200 million cubic feet per day of natural gas at its
interconnect with Algonquin Pipeline in Brookfield, CT and deliver the volumes
to National Grid's KeySpan system at South Commack, Long Island.
Iroquois Gas Transmission System, L.P. is the owner of an interstate
pipeline extending 411 miles from the US-Canadian border at Waddington, NY,
through the state of Connecticut to South Commack, Long Island, NY and Hunts
Point, Bronx, NY. The company is regulated by the Federal Energy Regulatory
Commission ("FERC"). Since going into operation in December 1991, Iroquois has
more than doubled its design day throughput capacity which will increase to
1.45 Bcf/d following the completion of the 08/09 Expansion Project. The
pipeline is operated by the Iroquois Pipeline Operating Company, a wholly
owned subsidiary of Iroquois.
Iroquois is a Limited Partnership owned by affiliates of TransCanada
PipeLines Limited, Dominion Resources, Inc., National Grid U.S., New Jersey
Resources and Energy East Corp.
FORWARD-LOOKING STATEMENT DISCLAIMER
This press release contains various forward-looking statements. Such
forward-looking statements are based on current expectations, are not
guarantees of future performance and include assumptions about future market
conditions, operations and results. Iroquois can give no assurance that such
expectations will be achieved. Among the many factors that could cause actual
results to differ materially from those in the forward-looking statements
herein are: future demand and prices for natural gas; availability of supplies
of natural gas; regulatory, political, legislative and judicial developments,
particularly with regard to regulation by the Federal Energy Regulatory
Commission; the timing and cost of Iroquois' expansion projects; competitive
conditions in the marketplace; changes in the receptivity of the financial
markets to Iroquois or other oil and gas credits similar to Iroquois and,
accordingly, our strategy for financing any such change in business strategy
Ruth Parkins, 203-925-7209
For further information:
For further information: Ruth Parkins of Iroquois Gas Transmission
System, L.P., (203) 925-7209