SHELTON, CT, Sept. 28 /CNW/ - Iroquois Gas Transmission System, L.P.
("Iroquois") announced today that it has filed with the Federal Energy
Regulatory Commission (FERC) for a Certificate of Public Convenience and
Necessity to construct its 08/09 Expansion Project.
The 08/09 Expansion Project, to be constructed in three phases, 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
"This expansion, coming on the heels of Iroquois' previously approved
MarketAccess Project, will further enhance the diversity of gas supply needed
to meet the growing demand here in the Northeast region," said Iroquois'
President Jay Holm.
The 08/09 Expansion Project includes the following:
Phase I -- In-Service Date of November 1, 2008
-- 5.8 Miles of 36-inch pipeline loop in Boonville, NY
-- 1.0 Mile of 36-inch pipeline loop in Wright, NY
-- 1.6 miles of 36-inch pipeline loop in Newtown, CT
Phase II -- In-Service Date of January 1, 2009
-- Construction of two new 10,300 horsepower compressor units at an
existing meter station facility in Milford, CT
Phase III -- In-Service Date of November 1, 2009
-- Construction of a second 10,300 horsepower compressor unit (with
cooling) at Brookfield Compressor Station in Brookfield, CT
"Iroquois is pleased that it continues to play a significant role in
meeting the growing energy needs of Long Island and New York City and we will
continue to focus on developing energy infrastructure projects that are
environmentally sensitive, safe, and reliable, while at the same time being
economically competitive for the ultimate consumer." continued Mr. Holm.
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
Ruth Parkins, 203-925-7209
For further information:
For further information: Ruth Parkins, (203) 925-7209, for Iroquois Gas
Transmission System, L.P. Web Site: http://www.iroquois.com