Iroquois Announces MetroExpress ('MetEx') Open Season



    SHELTON, Conn., Jan. 21 /CNW/ -- Iroquois Gas Transmission System, L.P.
("Iroquois") announced today the commencement of an Open Season for its
MetroExpress Expansion Project.  The Open Season begins January 21, 2008 and
extends to February 29, 2008 for service commencing as early as November 1,
2010.  Any party interested in acquiring incremental annual firm
transportation capacity on Iroquois' existing mainline or on new laterals
necessary to connect developing markets may express such interest during this
Open Season.
    "Iroquois' existing energy corridor and direct connections to
southwestern Connecticut, Long Island, and New York City strategically
positions us to be the final transportation link for emerging Rockies' Mid
Continent supplies from the west, as well as LNG from developing terminals in
the northeast Atlantic and along the St. Lawrence River," said Scott Rupff,
Iroquois' Vice President of Marketing, Development and Commercial Operations. 
"Furthermore, our existing Hunts Point meter station in the Bronx and Long
Island Sound Crossing distinguishes Iroquois as the only pipeline in the
northeast that can deliver an additional 300,000 Dt/day through its greater
New York City infrastructure, thus lowering the necessary threshold volume to
build and reducing the impact of construction on the environment," continued
Mr. Rupff.
    As natural gas pipeline infrastructure continues to be developed bringing
Rockies supplies to the doorstep of the northeast, Iroquois is well positioned
to deliver these new supplies to Connecticut and New York from either its
existing interconnect with TransCanada Pipelines at Waddington, NY or the
proposed Pleasant Valley, NY interconnect with Tennessee Gas Pipeline's
Northeast Passage Project.  Iroquois also offers Atlantic LNG supply direct
access to these major northeast markets via its Brookfield, CT interconnect
with Algonquin Gas Transmission's proposed E2W Project.  These developing
sources of natural gas will add to the current supply options of Western
Canada, Chicago, Dawn, and Michigan storage that Iroquois already delivers to
the marketplace.
    For more information on MetEx, please visit the Iroquois website at
www.iroquois.com.
    
    About Iroquois
    
    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 Corp. 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
or expansion.
    
    CONTACT:
    Scott Rupff, 203-925-7291
    Todd White, 203-925-7284
    




For further information:

For further information: Scott Rupff, +1-203-925-7291, or Todd White, 
+1-203-925-7284, both for Iroquois Gas Transmission System, L.P. Web Site:
http://www.iroquois.com

Organization Profile

IROQUOIS GAS TRANSMISSION SYSTEM, L.P.

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