ANE Gas Buying Group Signs On For New Pipeline Capacity.BEVERLY, Mass. -- Alberta Northeast Gas Limited ("ANE"), a consortium of 13 local gas distribution companies in the US Northeast, and the largest importer of Canadian natural gas in the US Northeast, announced today that its member companies have executed binding agreements with TransCanada and with Union Gas to provide for natural gas pipeline transportation capacity that will give them direct access to the major natural gas sales and storage hub located in Dawn, Ontario. Known as the ANE II Project, the new direct access arrangements in Canada will reinforce the ability of local gas distribution companies ("LDCs") in New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. and New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of to secure competitively priced gas supplies to serve gas markets in the region. These new pipeline transportation contracts will provide access to new gas supply sources not previously available to the LDCs and provide new infrastructure arrangements to replace a portion of the existing ANE gas supply contracts, which expire in 2006 and 2007. "This important new short-haul access feature for ANE's regional gas purchasing consortium will enhance the flexibility of our regional gas supply infrastructure," noted Robert B. Catell, Chairman of ANE, and Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of KeySpan Corporation, a founding participant in ANE. "It will also supplement our continuing long-haul gas supply deliveries from Western Canada
Western Canada, commonly referred to as the West , and help the LDC LDC See: Less developed countries LDC See less developed country (LDC). participants in the ANE II Project secure the best options for gas supply and storage services for gas customers throughout the Northeast." Under the terms of the new capacity agreements, the participating LDCs in ANE will be adding over 190,000 Dth/day of direct access to the Dawn receipt point as of November 1, 2006, in time for the Winter 2006 heating season. ANE is also developing plans for additional transportation services as of November, 2007. These capacity expansions will supplement ANE's existing service options from Alberta, Canada. Gas deliveries will be transported on the Union and TransCanada systems and enter the US via the Iroquois Gas Transmission System at Waddington, New York Waddington, New York may refer to:
Niagara Falls, in the Niagara River, W N.Y. and S Ont., Canada; one of the most famous spectacles in North America. The falls are on the international line between the cities of Niagara Falls, N.Y. and Chippawa, New York. The ANE consortium was formed in 1986 to support regional efforts to secure incremental Additional or increased growth, bulk, quantity, number, or value; enlarged. Incremental cost is additional or increased cost of an item or service apart from its actual cost. gas supply and associated transportation services. The LDC participants in the ANE II Project are: Bay State Gas Company (NiSource), Central Hudson Gas & Electric, Connecticut Natural Gas Corporation, KeySpan Energy Delivery of New England (Boston Gas Company, Colonial Gas Company, Essex Gas Company and Energy North Natural Gas Inc.), KeySpan Energy Delivery of New York , KeySpan Energy Delivery of Long Island, National Fuel Gas Distribution Corporation, Northern Utilities (NiSource), Southern Connecticut Gas and Yankee Gas Services Company. |
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