OEB approves $425 million in expansion projects
CHATHAM, ON, Jan. 31, 2014 /CNW/ - Union Gas today announced that the Ontario Energy Board has approved a significant expansion of natural gas pipeline and compression facilities that will give the province's homes and businesses more access to affordable and reliable natural gas supplies.
The facilities comprise of approximately 14 kilometres of 48-inch diameter pipeline southeast of the city of Cambridge along the existing Union Gas Dawn-Parkway transmission system and two associated natural gas compressors at a new Parkway West site in Milton, all of which will help move increased natural gas supplies through the Ontario and eastern Canadian pipeline network. Construction is contingent on National Energy Board Approval of related pipeline facilities and will commence in the spring of 2014 with an expected completion in the fall of 2015.
The Union Gas Dawn-Parkway transmission system provides for the movement of natural gas from the Dawn Market Hub - the largest integrated natural gas storage facility in Canada located near Sarnia - to the Greater Toronto Area (GTA), where it interconnects with other pipelines serving eastern Canadian and US markets. With the decline in western Canadian supplies available to serve eastern Canada and the emergence of abundant, affordable gas supplies located close to Ontario in areas such as Pennsylvania and Ohio, the demand for natural gas transportation along the Dawn-Parkway transmission system continues to increase.
The natural gas compression facilities at the Parkway West site will also provide much needed reliability to deliver increased natural gas supplies to the more than 5 million residents in the GTA and eastern Canada and the US.
"Our investments, in conjunction with coordinated infrastructure projects by Enbridge Gas Distribution and TransCanada, will give residents, businesses and industries in Ontario and Quebec reliable access to affordable and diverse supplies of natural gas," said Steve Baker, president of Union Gas.
About Union Gas
Union Gas Limited is a major Canadian natural gas storage, transmission and distribution company based in Ontario with 100 years of experience and service to customers. The distribution business serves about 1.4 million residential, commercial and industrial customers in more than 400 communities across northern, southwestern and eastern Ontario. Union Gas, named one of Canada's Top 100 Employers for 2014, is a Spectra Energy (NYSE: SE) company with assets of $5.8 billion and approximately 2,200 employees. For more information, visit uniongas.com or find us on Twitter: twitter.com/uniongas, Facebook: facebook.com/uniongas and YouTube: youtube.com/user/uniongas.
About Spectra Energy
Spectra Energy Corp (NYSE: SE), a FORTUNE 500 company, is one of North America's premier pipeline and midstream companies. Based in Houston, Texas, the company's operations in the United States and Canada include more than 22,000 miles of natural gas, natural gas liquids, and crude oil pipelines, approximately 305 billion cubic feet (Bcf) of natural gas storage, as well as natural gas gathering and processing, and local distribution operations. The company also has a 50 percent ownership in DCP Midstream, the largest producer of natural gas liquids and the largest natural gas processor in the United States. Spectra Energy has served North American customers and communities for more than a century. The company's longstanding values are recognized through its inclusion in the Dow Jones Sustainability World and North America Indexes and the CDP Global 500 and S&P 500 Climate Disclosure and Performance Leadership Indexes. For more information, visit www.spectraenergy.com.
SOURCE: Union Gas Limited
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